Anarchy: Day Trading for Rebels

If you've ever heard the get-rich-quick gurus online selling their courses, you might be tempted to think you're way behind the curve in your day trading journey. But are you? Join Levi & Jordan as they uncover the truth about what success means in day trading, how long it takes, and a realistic view on profitability. **Repost from 2/15/24: We're still world travelling, so enjoy this repost of one of our more popular episodes. We'll be back next week!**

It's the most famous brand motto of all time... and it's a critical message for day traders to take to heart. Listen as Levi talks about how this tag line has been transforming and pushing his trading further than ever before... and how it can transform yours.

Trading is a mental game. But how do you play that game? Are you missing out on the secret to trading success? Join us in this rerun of one of our top hits to find out!

If you've been trading for any amount of time, you've probably strung together a ton of losses... you are more consistent at losing than you are at winning. So, can you just take the opposite of these trades and make money? Levi & Jordan dive into this possibility, and uncover how you can make your consistent losses into a net gain!

Levi blew his funded accounts! Pain. Listen to learn some valuable lessons on how to take advantage of your losses, and how to get back up.

In this episode, Levi and Jordan discuss why being successful day trading can take a while, even if you spend every moment doing it, and why your sudden losing streaks MAY not even be your fault. See how this info can help you in your trading moving forward!

Sometimes you just lose. Sometimes you lose a LOT. But with all of the grey area in trading, how can you figure out what's going wrong? Levi & Jordan explain exactly how they figure out where they're messing up, and what questions they ask themselves as they dig into the root causes behind their trading catastrophes!

Levi talks about his terrible, horrible, no good, very bad trading week. How will he bounce back, and can you gain any insight from his pain? Taking a Break From Trading Episode: https://open.spotify.com/episode/1VhLE2LlPSbITO9VtX82Yn?si=tn1nY0PrRrKNkdPCZ3y0Vg

A commencement speech by Roger Federer, one of the greatest tennis players of all time, had an insane statistic from his career... one that Jordan and Levi apply to their trading. Learn how Federer's win rate can change how you view success. Key Takeaways: Even the best traders/players lose all the time. Become VERY comfortable with that. Even a SLIGHT edge can be turned into massive wins. This applies in tennis and in trading. WHEN you win matters. The difference between the greats and the rest of the pack, is that the great players/traders win when the pressure is highest. The pressure doesn't make them lose or do anything stupid. Conclusion: Change your mindset from trying to get a ton of wins, to understanding that even the best lose a LOT. You only need a VERY slight edge to be wildly profitable. Win when it matters, and develop the cold, killer instinct that will enable you to thrive under pressure. Resources: Roger Federer Speech: https://www.youtube.com/watch?v=_ILk8Yai3Wo Socials: Website: www.Anarchytrading.com Twitter: @Anarchytrading YouTube: @Anarchytrading

Have you ever taken a trade, only to immediately regret your decision and want out? Jordan and Levi look at whether it's ever a good idea to immediately hop out of a trade, and whether this changes with experience level. Key Takeaways: Beginning traders should avoid getting out of trades immediately, as this can solidify bad habits. Good traders who have traded enough, can trust their instincts and feelings better. They know how taking a good trade feels, and so when they take a trade and it feels wrong, it may be acceptable to jump out early. Taking trades multiple times in a row after getting broken out, is similar to moving your stop loss further away... it is doubling down on a bad trade. Give the market time to reset and give you another look. Conclusion: As a beginner, avoid jumping out of trades too quickly. This can lead to a lot of bad habits, where fear is the driving factor behind your trading. As you gain experience, though, you can begin to trust your feelings more. If you take a trade that is bad, you can begin to trust the fear that originally was keeping you back and turn it into a tool. Socials: Website: www.Anarchytrading.com Twitter: @Anarchytrading YouTube: @Anarchytrading