The AlphaMind Podcast

#68 Merritt Black - Golden Nuggets of Trading Wisdom

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May 5, 2021
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ADVICE

Benefits of Prop Firms

  • Join a prop firm for mentorship, reduced trading costs, and access to capital.
  • These firms offer structured development and feedback from experienced traders, which can significantly accelerate learning.
INSIGHT

Mentoring as an Edge

  • Mentoring is the most valuable edge in trading, not complex systems or large capital.
  • Successful traders often attribute their success to guidance from experienced mentors.
ADVICE

Personalize Your Approach

  • Develop intuition and a unique trading style through experience, not by following rigid rules.
  • Adapt existing methodologies to your personality and risk tolerance for optimal performance.
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