Understanding different trading styles: Evan Christopher transitioned from smart money trading to using advanced SNR strategies.
Importance of data extraction and market flow: Evan emphasizes the significance of extracting data from the market and understanding market tendencies.
Resilient mindset is crucial in trading: Evan highlights the importance of having a resilient mindset and recommends Mark Douglas' book 'Trading in the Zone' for psychological improvement.
Deep dives
Main Ideas
The podcast episode discusses the journey of the guest, Evan Christopher, who went from earning $20,000 a day in his previous career to exploring different trading styles. Evan shares his experience with smart money concepts, options trading, and his transition into using advanced SNR (Support and Resistance) strategies.
Data Extraction and SMC Style Trading
Evan emphasizes the importance of extracting data from the market and building a spreadsheet to track different entry and exit points based on SMC (Smart Money Concepts) and advanced SNR strategies. He highlights the significance of understanding market flow, tendencies, and the characteristics of each trading pair.
Entry Setup and Trading Frequency
Evan's favorite entry setup is the breakout pullback entry. He mentions that he typically takes one or two trades a day and focuses on key levels for exits and trade management. He employs stop losses and often uses the break-even point as well.
Mindset and Book Recommendation
Evan emphasizes the importance of having a resilient mindset and not giving up in the trading journey. He recommends Mark Douglas' book 'Trading in the Zone' for traders looking to improve their mindset and psychological approach to trading.
Summary
In this podcast episode, Evan Christopher shares his journey from earning significant amounts of money in his previous career to exploring different trading styles. He discusses smart money concepts, options trading, and his transition into using advanced SNR strategies. Evan emphasizes the importance of data extraction, market flow, and understanding entry and exit points based on SMC and advanced SNR strategies. He highlights the significance of having a resilient mindset and recommends Mark Douglas' book 'Trading in the Zone' for traders seeking to improve their psychological approach.
