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Anarchy: Day Trading for Rebels

Latest episodes

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Aug 12, 2024 • 18min

Trading Psychology is Your Missing Puzzle Piece - REPOST

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!
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Aug 5, 2024 • 16min

Taking the Opposite of Your Losing Trades

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!
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Jul 29, 2024 • 11min

How to Take Advantage of Your Losses

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.
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Jul 22, 2024 • 12min

Your Losing Streaks May Not Be Your Fault

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!
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Jul 15, 2024 • 15min

Figuring Out What's Going Wrong

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!
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Jul 11, 2024 • 9min

I Had an Awful Trading Week

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
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Jul 8, 2024 • 11min

How to Turn a Small Edge Into Huge Profits

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
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Jul 4, 2024 • 18min

Post-Trade Clarity

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
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Jul 1, 2024 • 10min

How to Day Trade: Indicators (Ep. 3)

Some of the most common tools used in day trading are actively slowing down your progress. In this episode, we unmask them! Key Takeaways: There are an infinite number of indicators and indicator settings to use. This makes wading through these as a beginner almost impossible. Indicators simultaneously show you too much information (causing false trade signals), and yet show you nothing new. Every indicator is simply another way of viewing what is already on the chart. Overuse of indicators and fully systematizing a trading strategy actually creates a randomized trading strategy. There is no plug-and-play strategy that can make money or we'd all be millionaires. Because of this randomization, losing traders become breakeven traders and think they made progress. But this creates a cycle that they can never escape, because to do so would mean losing again. If you had a money printer you wouldn't sell it for $20. Neither would that guru online. Do NOT pay for an indicator. Backtesting data is easily fudged by backwards engineering the constants in the indicator itself. Conclusion: Indicators are just a simplified way of viewing what is already on the chart. There is nothing special about them, and there is NO combination of indicators that will ever create a winning plug-and-play strategy. They are distracting you from what will actually make you money. Price action. Remove the indicators from your chart and become intimately familiar with your chart. Resources: Episode on strategy: https://open.spotify.com/episode/1cqIJa3Z0WXrC3whgWyS2A?si=4d41_u4bQTeSihw_Qh5B1Q Overdiagnosing Article: https://www.bu.edu/articles/2011/medical-overdiagnosis-bad-for-you-good-for-business/ Day Trading with Astrology: https://pro.thestreet.com/trade-ideas/yes-you-can-effectively-trade-stocks-using-astrology Socials: Website: www.Anarchytrading.com Twitter: @Anarchytrading YouTube: @Anarchytrading
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Jun 27, 2024 • 21min

Why We Don't Coach: 'Gurus Are Lying to You' Revisited

Revisiting our first ever episode, we discuss why finding a good day trading mentor is nearly impossible, why we don't offer coaching ourselves, and the alternative strategy that every beginning trader should take instead. Key Takeaways: The math behind the entire coaching business is flawed. To be an honest coach, one must be successful, but for most successful traders, coaching is no longer necessary and not a good use of time. There is a very small population of traders who CAN coach. Those who are profitable, but not yet too profitable to the point where it stops making sense. Since trading is discretionary and based on intuition, a mentor can only point you to the correct path. They can't offer you a plug and play system because they don't exist. This reduces the amount of money they should be able to honestly charge. Finding a trading buddy has been far more helpful to us than a mentor. Conclusion: Save your money and don't spend it on a coach. Find an accountability partner who you can go through your trading journey with side by side. The math of the trading guru world simply doesn't add up most of the time, and most successful traders disappear. They're not trying to push some $20 indicator. Resources: Episode on accountability: https://open.spotify.com/episode/7hB5Khiqdu5hUePenBQmfu?si=gwMhTBxrQHWQky5JXzot1g Iman Trading: https://www.youtube.com/@ImanTrading GuruLeaks on Twitter: @GuruLeaks1 Socials: Website: www.Anarchytrading.com Twitter: @Anarchytrading YouTube: @Anarchytrading

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