Chat With Traders
288 · Steve B - When Confluences Align, Confidence Follows
Sep 26, 2024
Steve B is a seasoned independent trader with over a decade of experience, known for his mentorship in the trading community. In this insightful conversation, he delves into his unique 'Confluence Trading' approach, emphasizing structured trading checklists and the critical role of psychological resilience. He shares his personal journey from traditional education to active trading, exploring risk management and the significance of community networking. Steve also highlights the balance needed for successful day trading and maintaining personal well-being amidst market demands.
01:09:17
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Quick takeaways
- Steve B emphasizes that becoming a funded trader allows individuals to leverage firm capital, minimizing personal financial risk while maximizing trading potential.
- His confluence trading strategy utilizes multiple market indicators to identify high-probability trading opportunities, enhancing decision-making and reducing the risk of overtrading.
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Funded Trading Opportunities
Becoming a funded trader allows individuals to trade with firm capital instead of their own, providing access to significant buying power without personal financial risk. Traders start by completing an evaluation that requires achieving specific profit targets while managing risk. Once they succeed, they are provided with up to $260,000 to trade, allowing them to keep a substantial portion of the profits while the firm absorbs the risk. This model offers a unique pathway for traders to maximize their potential without the limitations of personal capital.
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