Band of Traders - Together We Trade "Just Don't Quit Before You Figure It Out" - Roundtable
This week’s roundtable topic comes from Perdue (who unfortunately had some technical issues and couldn’t join in). Fleri and Baba Yaga talk about the importance of perseverance, learning from failures, and having a defined trading process. They also touch on the concepts of decision fatigue, sustainability, and the need to preserve capital. Both emphasize the importance of having clear setups, being able to recognize opportunities, and having the confidence to execute trades. The key takeaways: the need for grit, continuous learning, and the ability to adapt and refine one's trading approach. They also highlight the importance of perseverance and resilience in trading, emphasizing the need to embrace losses and understand that losing is a part of the trading process. Fleri points out the significance of having a well-defined trading strategy and being comfortable with the statistical probabilities of winning and losing. They also mention the role of natural talent in trading and the need to focus on personal progress rather than comparing oneself to others.
Sponsors and Friends
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Baba Yaga:
Solving problems, helping set goals, and refining processes is the bulk of Baba's passion. He does that in many contexts ranging from nonprofits to real estate firms and everything in between. He focuses on market structure through the lens of TPO charting and executes based on volume, misplaced large orders, and delta. He loves the opening range breakout and typically trades the market from the “inside out”.
Fleri:
Enter the world of trading with Fleri, a seasoned trader whose journey began in the early days of crypto exchanges and mid-cap stocks. Evolving over time, Fleri redirected his focus to futures and intraday trading, specifically honing his expertise in ES, NQ, RTY, CL, and UB. His approach is deeply rooted in Market Auction Theory, navigating the market by tracking participants through a nuanced blend of pattern recognition and the confluence of Price Action and Order Flow.
At the heart of Fleri's trading philosophy is a meticulous plan of execution, identifying areas for the auction to potentially seek value. Leveraging Order Flow and Price Action, he capitalizes on opportunities that present themselves throughout the trading day. Fleri is not just a trader; he's a dedicated educator, sharing his insights through podcasts, Twitter, and Discord to support fellow traders on their journeys.
What sets Fleri apart is not only his technical prowess but also his lighthearted approach and transparency about both past and current struggles. In the complex world of trading, Fleri brings not only expertise but also a relatable and open demeanor, creating a supportive environment for traders to learn and thrive.
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