Mind Over Markets

In this episode, the hosts discuss various market open trading strategies, focusing on the opening range breakout strategy and its effectiveness. They explore the importance of timing, volume, and personal trading systems, emphasizing the need for defined rules and risk management. The conversation also touches on the psychology of trading, the impact of market conditions, and the necessity of patience in executing trades. The hosts share insights on how to approach trading the open and the potential pitfalls for impulsive traders. Takeaways Market open trading strategies can be effective but require discipline. The opening range breakout strategy is popular but not suitable for all traders. Timing is crucial in trading; different sessions have different trends. Volume and price action play significant roles in trading decisions. Traders should develop personal strategies that align with their trading style. Patience is essential when trading the open; impulsive decisions can lead to losses. Risk management is critical; traders should define their entry and exit points clearly. Understanding market conditions can enhance trading effectiveness. Defined rules help traders avoid emotional decision-making. The psychology of trading impacts performance; traders must manage their mindset. Chapters 00:00 Introduction to Market Open Trading Strategies 03:38 Understanding the Opening Range Breakout Strategy 06:19 Market Dynamics and Timing in Trading 09:18 Market on Open Orders and Their Impact 12:28 Exploring Different Time Frames for Trading 16:13 The Role of Volatility in Trading Strategies 19:01 Criteria for Successful Opening Range Trading 22:09 Scalping vs. Longer-Term Trading Strategies 25:10 Developing a Unique Trading Approach 27:51 Analyzing Market Behavior and Patterns 30:52 Final Thoughts on Trading Strategies 38:17 Navigating Trading Confidence and Strategy Development 41:07 Understanding Breakouts and Pullbacks 44:02 The Dynamics of Trading Strategies 47:00 The Importance of Timing in Trading 52:02 The Role of Patience in Trading 55:04 Balancing Different Trading Strategies 01:01:00 Final Thoughts on Trading Approaches Wanna get funded and stay funded at a prop firm?  Checkout this free course. Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here Leave me a message or your question on Speakpipe here Connect with our community online: Trade Pro Academy Catch up with our earlier episodes: Mind Over Markets Podcast Join our FREE trading room here Follow me on Instagram here and on Twitter here

In this podcast episode, George and Victorio discuss the critical decision traders face: whether to stick to their trading plan or adapt on the fly. They explore the nuances of trade management, the emotional challenges of trading, and the importance of having a systematic approach. The conversation delves into the psychology of trading, the balance between risk and reward, and the significance of building confidence through repetition. Ultimately, they emphasize the need for traders to develop a strategy that works for them while being mindful of their emotional responses to market movements. Takeaways Traders often face the dilemma of sticking to their plan or adapting mid-trade. There is a middle ground between strict adherence to a plan and flexible adaptation. Emotional trading can lead to poor decision-making and increased risk. A systematic approach to trading helps in managing trades effectively. Experience plays a crucial role in making informed trading decisions. Scalping can be a viable strategy but requires a different mindset than systematic trading. Building confidence through repetition is essential for long-term success in trading. Understanding market conditions is key to effective trade management. Traders should focus on risk management to protect their capital. Creating a structured trading plan can alleviate emotional stress. Chapters 00:00 Introduction to Trade Management Dilemma 02:42 The Balance Between Sticking to the Plan and Adapting 05:37 Understanding Trade Management 08:27 The Role of Emotion in Trading Decisions 11:27 The Importance of Strategy and Experience 13:58 The Art of Scratching and Scalping 17:07 Building Confidence Through Experience 19:51 Final Thoughts on Trade Management 32:23 Trade Management Strategies 34:40 Understanding Market Conditions 38:04 Discretionary vs. Systematic Trading 41:51 The Psychology of Trading 46:04 The Impact of Trading Styles on Life 50:28 Creating Sustainable Trading Patterns Wanna get funded and stay funded at a prop firm?  Checkout this free course. Checkout the ELITE All Access Subscription (Courses + Rooms) Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here Leave me a message or your question on Speakpipe here Connect with our community online: Trade Pro Academy Catch up with our earlier episodes: Mind Over Markets Podcast Join our FREE trading room here Follow me on Instagram here and on Twitter here

Summary In this episode, G and Victorio delve into the complexities of the order book and its significance in trading. They discuss the misconceptions surrounding limit orders, the importance of understanding market dynamics, and the role of the Delta profile in executing trades. The conversation emphasizes the need for a structured approach to trading, highlighting the importance of execution strategies and the risks associated with various trading tools. Through their insights, they aim to demystify the order book and provide listeners with actionable strategies for navigating the trading landscape. Takeaways The order book is often misunderstood and requires careful analysis. Limit orders do not always indicate real market interest. Depth of market provides a visual representation of order flow. Real-time trading insights can significantly impact decision-making. Delta profiles can be more useful than the DOM for new traders. Absorption in the market indicates potential price movements. Execution strategies are crucial for successful trading. The noise in the DOM can overwhelm new traders. A structured approach to trading can enhance performance. Understanding the risks of trading tools is essential. Chapters 01:45 Understanding the Order Book 05:05 The Depth of Market vs. Tape 10:21 Misconceptions About Limit Orders 12:46 Spoofing and Market Manipulation 15:06 The Importance of Real-Time Data 19:03 The Role of Delta in Trading 21:57 The DOM: A Beginner's Tool? 26:52 Delta Profile: A Better Approach 33:29 Understanding Delta and Market Dynamics 36:22 Precision in Trading: The Role of Stops 39:21 The Execution Process: From Analysis to Action 46:25 The Importance of Charting and Execution Strategy 52:23 Integrating Tools: The Role of the DOM and Delta Profile 57:06 Real-World Trading Insights and Learning Wanna get funded and stay funded at a prop firm?  Checkout this free course. Checkout the ELITE All Access Subscription (Courses + Rooms) Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here Leave me a message or your question on Speakpipe here Connect with our community online: Trade Pro Academy Catch up with our earlier episodes: Mind Over Markets Podcast Join our FREE trading room here Follow me on Instagram here and on Twitter here

Summary In this episode of Mind Over Markets, Vic interviews Brian, a full-time trader and member of TradePro Academy. They discuss Brian's journey from a tech background to trading, his experiences with different trading strategies, the importance of community and education, and the development of a disciplined trading mindset. Brian shares insights on risk management, the significance of journaling, and the differences between prop trading and personal accounts. He emphasizes the need for a structured approach to trading and offers advice for new traders looking to succeed in the industry. Takeaways Brian transitioned from a tech career to trading, influenced by his brother. He started with managing 401Ks and moved to day trading and futures. Community and education are crucial for trading success. A rigorous mindset is essential for full-time trading. Understanding risk management is key to long-term success. Journaling trades helps identify patterns and improve performance. Prop trading can teach valuable lessons but may lead to bad habits. Having a structured approach to trading is vital for success. New traders should focus on building skills rather than seeking quick wins. Collaboration with other traders enhances learning and growth. Chapters 00:00 Introduction to Brian's Trading Journey 01:18 From Tech to Trading: Brian's Background 04:48 Transitioning to Futures Trading 08:01 Seeking Education and Community in Trading 10:32 The Importance of Rigor in Trading 12:26 Developing a Serious Trading Mindset 17:30 Overcoming Challenges in Trading 25:04 Gaining Confidence and Skill in Trading 27:47 Refining Tools and Developing an Edge 30:38 Understanding Market Imbalances and Trading Levels 33:31 Navigating Volatility and Trading Discipline 36:55 The Importance of Risk Management in Trading 41:46 The Role of Journaling in Trading Success 47:41 Experiences with Prop Trading and Personal Accounts 55:12 Building a Roadmap for Success in Trading Checkout the ELITE All Access Subscription (Courses + Rooms) Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here Leave me a message or your question on Speakpipe here Connect with our community online: Trade Pro Academy Catch up with our earlier episodes: Mind Over Markets Podcast Join our FREE trading room here Follow me on Instagram here and on Twitter here

Summary In this engaging conversation, the speakers delve into the journey of trading, discussing the evolution from being a student to a moderator at TradePro Academy. They explore the value of real-time trading, the importance of understanding market conditions, and the balance between risk and experience. The discussion also highlights the significance of trading size, the challenges of scalping versus position trading, and the role of funding challenges in a trader's development. Ultimately, the conversation emphasizes the need for continuous learning and adaptation in the ever-changing landscape of trading. Takeaways Real-time trading adds pressure but also value. Growth in trading often comes from doing less, not more. Understanding market conditions is crucial for success. Scalping can be attractive but is often more challenging. Size in trading can significantly impact profitability. Funding challenges can provide a way to learn with less risk. Experience in various market conditions is essential for growth. Traders should focus on building their base size over time. It's important to reflect on trades to improve future performance. Every trader's journey is unique and requires personal adaptation. Chapters 00:00 Introduction to Trading Journeys 02:52 Transitioning from Student to Moderator 06:02 The Value of Real-Time Trading 08:40 Developing Trading Strategies and Systems 12:08 Scalping vs. Position Trading 14:53 The Importance of Size in Trading 17:47 Navigating Market Conditions 20:39 Building Confidence and Increasing Size 24:01 Reflections on Trading Performance 26:53 Final Thoughts on Trading Strategies 34:49 Understanding Market Conditions 40:55 The Journey of Trading Experience 46:50 The Role of Funding Challenges 51:46 Trading with Personal vs Funded Accounts 01:00:04 Navigating Tough Market Environments

Summary In this episode of the Mind Over Markets podcast, the hosts delve into the intricacies of order flow in trading, discussing its evolution, tools, and the psychological aspects of trading. They emphasize the importance of understanding market context, the dangers of getting too caught up in order flow, and how to effectively use it as a supplementary tool rather than a primary strategy. The conversation highlights the need for patience and pattern recognition in trading, especially in the current market conditions. Takeaways Order flow can provide an edge in trading, especially in futures. Understanding market context is crucial before diving into order flow. Order flow tools have evolved and should be used wisely. Getting sucked into order flow can lead to poor trading decisions. Order flow is best used as a confirmation tool, not the sole basis for trades. Patience is key when waiting for market reactions to validate trades. Traders should focus on pattern recognition to improve their trading strategies. Order flow can help identify market imbalances and potential reversals. It's important to have a systematic approach to trading, not just rely on order flow. Expectations around order flow should be realistic; it is not a guaranteed solution. Chapters 00:00 Introduction to Order Flow Trading 06:38 Understanding the Role of Order Flow 09:30 Best Practices for Utilizing Order Flow 12:34 Contextualizing Order Flow in Trading 15:29 The Importance of Market Context 18:30 Conclusion and Final Thoughts 24:11 Navigating Changes in Market Dynamics 27:36 The Role of Delta in Order Flow 31:01 Integrating Footprint and DOM for Better Insights 33:36 Adjusting Trading Strategies in a Low Volatility Environment 36:43 Navigating the Brutality of Trading 37:51 The Role of Order Flow in Trading 39:50 Understanding Market Reactions and Patterns 41:51 The Importance of Waiting for Confirmation 44:04 Learning from Trade Outcomes 46:22 Defining Good vs. Bad Trades 48:30 The Edge of Consistency in Trading 50:22 Maturing as a Trader 52:40 Order Flow as a Supplementary Tool 55:34 Final Thoughts on Order Flow   Checkout the ELITE All Access Subscription (Courses + Rooms) Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here Leave me a message or your question on Speakpipe here Connect with our community online: Trade Pro Academy Catch up with our earlier episodes: Mind Over Markets Podcast Join our FREE trading room here Follow me on Instagram here and on Twitter here

Summary In this conversation, George and Vicky explore various investment strategies, reflecting on personal experiences with stocks like Peloton and Celsius. They discuss the importance of understanding market trends, the role of consumer behavior in investing, and the impact of economic cycles on luxury brands. The conversation also delves into emerging technologies, particularly in AI, and the potential of international markets like Japan and China. They emphasize the significance of passive investing and share insights on how to navigate the complexities of the stock market. Takeaways Investing in hype names can lead to significant losses. Understanding the product is crucial before investing. Market conditions heavily influence stock performance. Luxury brands often outperform during economic booms. AI technology presents new investment opportunities. Passive investing can reduce stress and workload. Consumer behavior can guide investment decisions. International markets may offer growth potential. Diversifying investments can mitigate risks. Research and understanding are key to successful investing. Chapters 00:00Introduction to Celsius and Investment Insights 07:47Understanding Investment Without Product Knowledge 15:29The Role of Consumption in Investment Strategies 20:42Market Conditions and Investment Strategies 26:23Exploring Growth Stocks and Future Opportunities 31:06International Investments: Japan and China 36:29Innovative AI Companies and Future Trends 42:30Balancing Boring Investments with Exciting Opportunities Checkout the ELITE All Access Subscription (Courses + Rooms) Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here Leave me a message or your question on Speakpipe here Connect with our community online: Trade Pro Academy Catch up with our earlier episodes: Mind Over Markets Podcast Join our FREE trading room here Follow me on Instagram here and on Twitter here

Summary In this conversation, George and Victorio discuss the evolution of the market, emphasizing the increased efficiency and complexity compared to the past. He delves into the impact of news on trading, highlighting the challenges and risks associated with news trading. George shares strategies for navigating news events, the role of algorithms, and the importance of understanding market dynamics. He concludes by reflecting on the future of news trading and its relevance in today's market environment. Takeaways The market has evolved from being less efficient to highly efficient due to increased liquidity and algorithmic trading. News trading has become more complex and less predictable, making it a risky strategy. Traders should focus on their established strategies rather than reacting impulsively to news events. Understanding market dynamics is crucial for successful trading, especially during volatile news periods. Algorithms play a significant role in market movements, often overshadowing retail traders' actions. Patience is key; waiting for the dust to settle after news events can lead to better trading decisions. Not all news events are equally impactful; traders should discern which events are worth trading. The psychology of trading can be affected by news, leading to emotional decision-making. Traders should avoid developing bad habits by reacting to news without a clear strategy. The future of news trading may require a shift in approach as market conditions continue to change. Chapters 01:30 Trading the News: An Overview 04:56 The Evolution of News Trading 09:20 Mistakes in News Trading 12:08 Understanding Market Reactions to News 16:32 Strategies for Trading News Effectively 19:56 Navigating Market Volatility 26:55 Understanding News Trading Dynamics 34:45 The Evolution of News Trading Strategies 42:16 Introduction to Trading Psychology Checkout the ELITE All Access Subscription (Courses + Rooms) Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here Leave me a message or your question on Speakpipe here Connect with our community online: Trade Pro Academy Catch up with our earlier episodes: Mind Over Markets Podcast Join our FREE trading room here Follow me on Instagram here and on Twitter here

Summary In this episode of Mind Over Markets, Vic interviews John Rizzo, a prominent trader known for his expertise in Auction Market Theory. They discuss Rizzo's early experiences in trading, his journey into futures trading, and the strategies he employs. The conversation delves into the nuances of risk management, trading psychology, and the importance of having a structured plan. Rizzo shares valuable insights for new traders, emphasizing the significance of backtesting and understanding market dynamics. The episode concludes with Rizzo's thoughts on trading without extensive journaling, highlighting his unique approach to learning and adapting in the trading world. Takeaways John Rizzo started investing at the age of 12. He attributes his wealth to starting early and holding equities. Auction Market Theory has been a significant part of his trading strategy. Rizzo prefers using volume profiles for trading decisions. He emphasizes the importance of having a trading plan for each day. Backtesting strategies is crucial for successful trading. Rizzo does not keep a traditional trading journal but reflects on his trades. He primarily focuses on long positions rather than shorting. Understanding market conditions helps in adjusting trading strategies. Rizzo encourages new traders to find their own style and stick to it. Sound Bites "I prefer to only long." "Backtest your strategy." "Have a plan for the day." Chapters 00:00     Introduction to Auction Market Theory and Trading Journey 01:58.     Early Beginnings in Investing 04:43.     Transitioning to Intraday Trading 09:39      Exploring Futures Trading 11:22.      Understanding Auction Market Theory 15:31.      Developing a Trading Strategy 21:28.     Gaining Confidence in Trading 23:29.     The Role of Risk-Reward in Trading 27:31.      Analyzing Trade Timing and Execution 31:20      The Debate on Order Flow Trading 35:35.     Order Flow vs Auction Market Theory 38:12.     Adapting Trading Strategies to Market Conditions 41:36.     Understanding Levels and Risk Management 46:57.     Swing Trading: Futures vs Options 53:11.      The Importance of Journaling in Trading 01:00:54   Advice for New Traders Checkout the ELITE All Access Subscription (Courses + Rooms) Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here Leave me a message or your question on Speakpipe here Connect with our community online: Trade Pro Academy Catch up with our earlier episodes: Mind Over Markets Podcast Join our FREE trading room here Follow me on Instagram here and on Twitter here

In this conversation, George discusses the evolving landscape of trading, particularly in futures markets. He emphasizes the importance of adapting to changing market conditions, the role of patience in trading success, and the impact of COVID-19 on trading dynamics. The discussion also touches on the rise of prop firms, the complexities of order flow, and the necessity for traders to embrace change to thrive in the market. Ultimately, George highlights the importance of community and continuous learning in navigating the challenges of trading. takeaways Adapting to market conditions is crucial for traders. The futures market has undergone significant changes over the years. Patience is a vital skill for successful trading. Order flow can be both beneficial and detrimental. The rise of prop firms has affected market liquidity. Traders must be willing to change their strategies as needed. COVID-19 has had a lasting impact on trading dynamics. Community support is essential for traders' success. Understanding market psychology is key to trading effectively. The future of trading will involve both human and AI elements. Sound Bites "Patience is key in trading success." "Order flow is a double-edged sword." "Trading is about adapting to change." Chapters 00:00.  Introduction to Futures Trading Evolution 03:22.   The Role of Community in Trading Success 03:46.   The Future of Trading: Human vs. AI 52:18.   Conclusion: Embracing Change in Trading Checkout the ELITE All Access Subscription (Courses + Rooms) Enjoying this podcast? We’d appreciate it if you can drop us a rating and review on iTunes here Leave me a message or your question on Speakpipe here Connect with our community online: Trade Pro Academy Catch up with our earlier episodes: Mind Over Markets Podcast Join our FREE trading room here Follow me on Instagram here and on Twitter here