Summary In this episode of Mind Over Markets, Vic interviews John Rizzo, a prominent trader known for his expertise in Auction Market Theory. They discuss Rizzo's early experiences in trading, his journey into futures trading, and the strategies he employs. The conversation delves into the nuances of risk management, trading psychology, and the importance of having a structured plan. Rizzo shares valuable insights for new traders, emphasizing the significance of backtesting and understanding market dynamics. The episode concludes with Rizzo's thoughts on trading without extensive journaling, highlighting his unique approach to learning and adapting in the trading world. Takeaways

• John Rizzo started investing at the age of 12.
• He attributes his wealth to starting early and holding equities.
• Auction Market Theory has been a significant part of his trading strategy.
• Rizzo prefers using volume profiles for trading decisions.
• He emphasizes the importance of having a trading plan for each day.
• Backtesting strategies is crucial for successful trading.
• Rizzo does not keep a traditional trading journal but reflects on his trades.
• He primarily focuses on long positions rather than shorting.
• Understanding market conditions helps in adjusting trading strategies.
• Rizzo encourages new traders to find their own style and stick to it.

Sound Bites

• "I prefer to only long."
• "Backtest your strategy."
• "Have a plan for the day."

Chapters 00:00     Introduction to Auction Market Theory and Trading Journey 01:58.     Early Beginnings in Investing 04:43.     Transitioning to Intraday Trading 09:39      Exploring Futures Trading 11:22.      Understanding Auction Market Theory 15:31.      Developing a Trading Strategy 21:28.     Gaining Confidence in Trading 23:29.     The Role of Risk-Reward in Trading 27:31.      Analyzing Trade Timing and Execution 31:20      The Debate on Order Flow Trading 35:35.     Order Flow vs Auction Market Theory 38:12.     Adapting Trading Strategies to Market Conditions 41:36.     Understanding Levels and Risk Management 46:57.     Swing Trading: Futures vs Options 53:11.      The Importance of Journaling in Trading 01:00:54   Advice for New Traders

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