Words of Rizdom

The TRUTH About MARKET CRASHES | What Most Traders Get Wrong - Peter Brandt

22 snips
Apr 9, 2025
Peter Brandt, a 50-year trading veteran, shares his insights on the trading world. He discusses the pitfalls of modern retail prop firms and why day trading often leads to failure compared to swing trading. Brandt emphasizes the importance of small adjustments in strategies for greater success and advocates for a mindset focused on passion over profit. Additionally, he highlights the role of data-driven approaches and the necessity of transparency within trading communities to foster trust and growth.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ADVICE

Trading Style and Personality

  • Find a trading approach that fits your personality and routine.
  • Don't force a style that doesn't suit you.
ANECDOTE

Blowing Up Accounts

  • Peter Brandt blew up several real-money accounts before becoming profitable.
  • He had an income stream that allowed him to keep trading until he found his edge.
ADVICE

Manage Expectations

  • Manage expectations in trading, avoiding unrealistic goals like 10x returns.
  • Crypto gains can create a false sense of what's possible in traditional markets.
Get the Snipd Podcast app to discover more snips from this episode
Get the app