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Trading Nut | Trader Interviews - Forex, Futures, Stocks (Robots & More)
223: How a Poor “Single Mom” Upbringing Helped Him Grow His Trading Account from $3k to Over $1M w/ Erik Smolinski
Apr 19, 2023
01:00:19
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Quick takeaways
- Tracking and reviewing trades improves trading performance through pattern recognition and informed decision-making.
- Using statistics to quantify trade data and analyze risk enhances understanding and probability-based trading.
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The Importance of Tracking and Reviewing Trades
The speaker emphasizes the importance of tracking and reviewing trades to improve trading performance. By logging trade data and analyzing patterns, the speaker reinforces pattern recognition and subconscious processing of market information. The speaker shares personal experiences of making significant profits over short periods of time, but maintains a focus on consistent long-term returns. Emotions in trading are acknowledged and managed through a pragmatic approach.
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Listen to the best highlights from the podcasts you love and dive into the full episode