Chat With Traders

236: Lance Breitstein – The Ultimate Day Trader, Pt. 3

Jun 27, 2022

01:24:00

Creator website

Episode guests

Lance Breitstein

Highlights

AI Chapters

Episode notes

Effective Trading Practices

01:56

Finding the Edge: Why Diversification is Key in Trading

01:04

Trading Trends in the Market

02:35

The Right Side of the V

03:50

Introduction

4min

Nasdacks Down 4 % to Day

2min

Capitulation Trades - Is There Anything in You That Wants to Go With the Trend?

2min

How to Start Short

2min

What a Wild Ride It's Been

4min

What Happened to the Markets?

3min

The Market Can Stay Rational Longer Than You Can Stay Solvent

2min

Chat With Traders Podcast - Broken Slot Machine Concept

4min

How Do You Find the Broken Slot Machine?

4min

10.

Is There Another Example of a Broken Slop Machine for the Day?

3min

11.

The Long Term Expectations for Tesla

2min

12.

The Right Side of the V

4min

13.

Exactly What Is Expected Value in Trading?

4min

14.

The Right Side of the v Trade?

4min

15.

The Risk of Being Too Early

4min

16.

Cansep - Channel Fundamentals and Holding Through Pullback?

3min

17.

Bet Expedentially - Is That a Good Idea?

5min

18.

What Happens When You Take a Loss?

4min

19.

How to Make Expedential Trading Expensive for Beginners

2min

20.

Metal Learning - How to Accelerate the Learning Curve

4min

21.

The 4th Practice Is to Get Feedback From a Mentor

3min

22.

Is Your Performance a Lagging Indicator of Your Habits?

6min

23.

Are You Saying That Because You Shouldn't Be Changing Your System?

4min

24.

The Pog Cast - Part Four

3min

The promised and much-anticipated follow-up interview with Lance Breitstein…

Lance was formerly a Senior Trader at proprietary firm Trillium. He earned the rank as ‘Top Trader’ in 2020 and 2021 with consecutive 8-figure years, also setting the firms’ all-time PnL record.

While Lance appeared on the podcast only a few months back, the interview was recorded a few years back. However, this interview is very recent, it was recorded 13th June 2022—after Nasdaq declined 4% on the day, sparking initial comments about market context.

Our discussion primarily revolves around several core trading concepts that have greatly attributed to Lance’s outstanding performance: The Broken Slot Machine, The Right Side of the V, and Channel Fundamentals. Furthermore, Lance shares wisdom on bet sizing and methods to accelerate your learning curve.

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