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The Trade Busters
120 - Guest Appearance - The TradeHacker Mindset
Jan 19, 2024
In this episode, the host interviews a professional trader, discussing the importance of mental and emotional control in trading. They also cover topics such as starting a hedge fund, managing money for relatives, and the concept of risk management. The speaker highlights the importance of tracking trading data and optimizing portfolio performance, as well as the use of hedges and a mental model for evaluating expectations.
57:35
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Quick takeaways
- The Four Quadrant Mental Model helps traders evaluate their trading style and find strategies that align with their goals and lifestyle.
- Managing risk through proper position sizing is crucial for optimizing trading outcomes and balancing risk and reward.
Deep dives
The Four Quadrant Mental Model and Return on Time
The Four Quadrant Mental Model helps traders evaluate their trading style based on time spent and return on investment. It divides trading approaches into four quadrants: actively passive, actively active, passively passive, and passively active. The focus is on finding strategies that provide a decent return while minimizing the time and effort required. It encourages traders to consider different approaches and find the quadrant that aligns with their goals and lifestyle.
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