Episodes
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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.TakeawaysMarket 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.Chapters00:00 Introduction to Market Open Trading Strategies03:38 Understanding the Opening Range Breakout Strategy06:19 Market Dynamics and Timing in Trading09:18 Market on Open Orders and Their Impact12:28 Exploring Different Time Frames for Trading16:13 The Role of Volatility in Trading Strategies19:01 Criteria for Successful Opening Range Trading22:09 Scalping vs. Longer-Term Trading Strategies25:10 Developing a Unique Trading Approach27:51 Analyzing Market Behavior and Patterns30:52 Final Thoughts on Trading Strategies38:17 Navigating Trading Confidence and Strategy Development41:07 Understanding Breakouts and Pullbacks44:02 The Dynamics of Trading Strategies47:00 The Importance of Timing in Trading52:02 The Role of Patience in Trading55:04 Balancing Different Trading Strategies01:01:00 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
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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.TakeawaysTraders 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.Chapters00:00 Introduction to Trade Management Dilemma02:42 The Balance Between Sticking to the Plan and Adapting05:37 Understanding Trade Management08:27 The Role of Emotion in Trading Decisions11:27 The Importance of Strategy and Experience13:58 The Art of Scratching and Scalping17:07 Building Confidence Through Experience19:51 Final Thoughts on Trade Management32:23 Trade Management Strategies34:40 Understanding Market Conditions38:04 Discretionary vs. Systematic Trading41:51 The Psychology of Trading46:04 The Impact of Trading Styles on Life50:28 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
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Missing episodes?
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SummaryIn 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.TakeawaysThe 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.Chapters01:45 Understanding the Order Book05:05 The Depth of Market vs. Tape10:21 Misconceptions About Limit Orders12:46 Spoofing and Market Manipulation15:06 The Importance of Real-Time Data19:03 The Role of Delta in Trading21:57 The DOM: A Beginner's Tool?26:52 Delta Profile: A Better Approach33:29 Understanding Delta and Market Dynamics36:22 Precision in Trading: The Role of Stops39:21 The Execution Process: From Analysis to Action46:25 The Importance of Charting and Execution Strategy52:23 Integrating Tools: The Role of the DOM and Delta Profile57:06 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
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SummaryIn 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.TakeawaysBrian 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.Chapters00:00 Introduction to Brian's Trading Journey01:18 From Tech to Trading: Brian's Background04:48 Transitioning to Futures Trading08:01 Seeking Education and Community in Trading10:32 The Importance of Rigor in Trading12:26 Developing a Serious Trading Mindset17:30 Overcoming Challenges in Trading25:04 Gaining Confidence and Skill in Trading27:47 Refining Tools and Developing an Edge30:38 Understanding Market Imbalances and Trading Levels33:31 Navigating Volatility and Trading Discipline36:55 The Importance of Risk Management in Trading41:46 The Role of Journaling in Trading Success47:41 Experiences with Prop Trading and Personal Accounts55:12 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
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SummaryIn 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.TakeawaysReal-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.Chapters00:00 Introduction to Trading Journeys02:52 Transitioning from Student to Moderator06:02 The Value of Real-Time Trading08:40 Developing Trading Strategies and Systems12:08 Scalping vs. Position Trading14:53 The Importance of Size in Trading17:47 Navigating Market Conditions20:39 Building Confidence and Increasing Size24:01 Reflections on Trading Performance26:53 Final Thoughts on Trading Strategies34:49 Understanding Market Conditions40:55 The Journey of Trading Experience46:50 The Role of Funding Challenges51:46 Trading with Personal vs Funded Accounts01:00:04 Navigating Tough Market Environments
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SummaryIn 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.TakeawaysOrder 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.Chapters00:00 Introduction to Order Flow Trading06:38 Understanding the Role of Order Flow09:30 Best Practices for Utilizing Order Flow12:34 Contextualizing Order Flow in Trading15:29 The Importance of Market Context18:30 Conclusion and Final Thoughts24:11 Navigating Changes in Market Dynamics27:36 The Role of Delta in Order Flow31:01 Integrating Footprint and DOM for Better Insights33:36 Adjusting Trading Strategies in a Low Volatility Environment36:43 Navigating the Brutality of Trading37:51 The Role of Order Flow in Trading39:50 Understanding Market Reactions and Patterns41:51 The Importance of Waiting for Confirmation44:04 Learning from Trade Outcomes46:22 Defining Good vs. Bad Trades48:30 The Edge of Consistency in Trading50:22 Maturing as a Trader52:40 Order Flow as a Supplementary Tool55:34 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
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SummaryIn 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.Chapters00:00Introduction to Celsius and Investment Insights07:47Understanding Investment Without Product Knowledge15:29The Role of Consumption in Investment Strategies20:42Market Conditions and Investment Strategies26:23Exploring Growth Stocks and Future Opportunities31:06International Investments: Japan and China36:29Innovative AI Companies and Future Trends42:30Balancing 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
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SummaryIn 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.TakeawaysThe 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.Chapters01:30 Trading the News: An Overview04:56 The Evolution of News Trading09:20 Mistakes in News Trading12:08 Understanding Market Reactions to News16:32 Strategies for Trading News Effectively19:56 Navigating Market Volatility26:55 Understanding News Trading Dynamics34:45 The Evolution of News Trading Strategies42:16 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
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SummaryIn 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."Chapters00:00 Introduction to Auction Market Theory and Trading Journey01:58. Early Beginnings in Investing04:43. Transitioning to Intraday Trading09:39 Exploring Futures Trading11:22. Understanding Auction Market Theory15:31. Developing a Trading Strategy21:28. Gaining Confidence in Trading23:29. The Role of Risk-Reward in Trading27:31. Analyzing Trade Timing and Execution31:20 The Debate on Order Flow Trading35:35. Order Flow vs Auction Market Theory38:12. Adapting Trading Strategies to Market Conditions41:36. Understanding Levels and Risk Management46:57. Swing Trading: Futures vs Options53:11. The Importance of Journaling in Trading01:00:54 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
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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."Chapters00:00. Introduction to Futures Trading Evolution03:22. The Role of Community in Trading Success03:46. The Future of Trading: Human vs. AI52:18. 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
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This conversation explores the evolving relationship between AI and trading, discussing the potential for AI to outsmart human traders, the implications for job markets, and investment strategies in the AI sector. The speakers delve into the psychological aspects of trading, the future of market efficiency, and the philosophical questions surrounding AI's development and its impact on human roles in finance.Takeaways AI's development raises questions about its desires and goals. The potential for AI to eliminate jobs is concerning. Investing in AI presents significant opportunities for traders. Market efficiency is increasing due to AI advancements. AI's ability to process data could surpass human capabilities. The psychological understanding of AI could change trading dynamics. The singularity may lead to AI surpassing human intelligence. Trading is becoming more technical and less artistic. AI's rapid learning could disrupt traditional trading methods. The future of trading may involve a blend of AI and human intuition.Sound Bites "AI is the future of trading." "The singularity is near." "Trading has lost its art."Chapters07:19AI's Role in Trading: Opportunities and Challenges12:54The Future of AI in Trading19:14The Psychological Implications of AI in Trading24:38The Evolution of Trading: From Art to Science30:25The Ethical Considerations of AI in Finance 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
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In this episode of the Mind Over Markets podcast, the hosts delve into the intricate relationship between trading psychology and strategies. They explore how a trader's mindset, shaped by their upbringing and experiences, influences their approach to trading. The discussion emphasizes the importance of being present, disciplined, and patient while managing risks effectively. The hosts also highlight the significance of community support and the continuous journey of learning from failures in trading. Ultimately, they argue that both psychology and strategy are essential, but their importance may vary depending on the trader's experience level.Takeaways Trading psychology is crucial for success in trading. A trader's mindset is often shaped by their upbringing. Discipline, patience, and risk management are key traits for traders. Being present in the moment can enhance trading performance. The journey of a trader involves learning from failures. Community support can significantly impact a trader's success. Both trading strategies and psychology are important for traders. New traders should focus on developing a concrete strategy first. Understanding one's psychological pitfalls is essential for improvement. The balance between strategy and psychology is vital for long-term success.Sound Bites "Psychology is super important in trading." "You need to be hyper-focused realistically." "The importance of community and support in trading."Chapters02:47The Importance of Trading Strategies05:54Understanding Trading Psychology08:40The Role of Experience in Trading11:54The Transition from Simulated to Live Trading15:03The Impact of Upbringing on Trading Psychology17:47Risk Acceptance vs. Risk Aversion20:54The Influence of Career Background on Trading Mindset23:38The Consequences of Negativity in Trading26:55Finding the Right Strategy and Mindset29:44Conclusion and Final Thoughts 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
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In this engaging podcast episode, George and Vicky explore the unique lifestyle of a traveling trader. They discuss the realities and challenges of trading while on the move, share memorable experiences from their travels, and emphasize the importance of discipline and routine in maintaining trading success. The conversation also delves into the technology and setups that facilitate trading from various locations, as well as the significance of physical activity in enhancing focus and performance. Overall, the episode provides valuable insights for anyone considering a nomadic lifestyle while pursuing trading.takeaways Traveling and trading can be fun but requires discipline. Setting realistic expectations is crucial for success. Creating a comfortable trading environment is essential. Physical activity enhances focus and performance in trading. Daily routines help maintain discipline while traveling. Technology plays a vital role in successful trading on the road. Memorable experiences can enrich the traveling trader's journey. Networking with other traders can provide valuable insights. Maintaining a structured approach is key to trading success. Traveling can offer unique perspectives on the markets.Chapters00:00Introduction to the Traveling Trader03:05The Reality of Traveling and Trading05:45Crazy Travel Stories11:47Trading Perspectives from Different Locations17:51Setting Up for Success While Traveling22:06Exploring Starlink and Connectivity Options27:04Setting Up for Success: The Ideal Workspace30:52Daily Routines: Balancing Trading and Travel34:32The Importance of Physical Activity for Trading Discipline41:03Discipline in Trading and Traveling: A Personal Journey42:54New Chapter 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
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In this episode, Victorio and Fady discuss the evolving landscape of trading, focusing on how new traders can navigate the market more effectively today compared to the past. They explore the importance of systematic approaches, the psychological aspects of trading, and the significance of timing and market conditions. The conversation also highlights the advantages for new traders, the wealth of information available, and the necessity of finding a niche. They emphasize the importance of building a solid trading system, maintaining discipline, and the value of self-reflection for continuous improvement. In this conversation, Victorio discusses the intricacies of trading, emphasizing the importance of aligning trade execution with a well-defined system. He highlights the necessity of routine, self-awareness, and reflection in trading practices. The dialogue explores how traders can accept mistakes, manage biases, and focus on the process rather than immediate profits. Journaling and reflection are presented as crucial tools for improvement, with an emphasis on learning from past trades to enhance future performance. The conversation concludes with insights on discipline and the psychological aspects of trading, particularly for newer traders.Takeaways & Topics: The trading landscape has changed significantly for new traders. A systematic approach is crucial for consistent profitability. Psychology plays a vital role in trading success. Timing and market conditions greatly affect trading outcomes. New traders have access to more resources than ever before. Finding a niche can enhance trading effectiveness. Self-reflection and journaling are essential for growth. Discipline in following a trading plan is critical. Understanding market structure and order flow is key to success. Continuous learning and adaptation are necessary in trading. You lose not because of your system, but because of yourself. Routine is essential in trading for consistency. Self-awareness helps in refining your trading execution. Accepting mistakes is crucial for growth as a trader. Every trade should be treated as an individual decision. The real work of trading happens outside of executing trades. Reflection on mistakes can significantly improve trading performance. Discipline is key to maintaining a successful trading practice. Understanding your biases can help in making better trading decisions. Focusing on the process rather than profits leads to long-term success.Sound Bites "It's not about what I need to do." "Filtering out a lot of the stuff helped me a lot." "You can have a great strategy but not execute it." "Letting a loss be a loss is crucial." "The pressure to perform can lead to losses." "You need as much screen time as you want." "Finding a niche is crucial for success." "Self-reflection should be a huge priority." "Trading is all about routine." "Constantly checking on your plan is where it's at." "Every trade should be treated individually." "The real work is done outside of trading." "Reflection on your mistakes is where it's at."Chapters00:00. The Evolving Landscape of Trading03:03. Systematic Approaches to Trading Success06:11 Mindset and Psychology in Trading08:59. Navigating Market Conditions and Timing12:01. Advantages for New Traders Today14:51. The Importance of Information and Education18:01. Finding Your Trading Niche21:06. Building a Trading System and Discipline23:59. Self-Reflection and Continuous Improvement31:36. Understanding Trade Execution and System Alignment34:07. The Importance of Routine in Trading36:11. Self-Awareness and Trade Reflection40:07. Accepting Mistakes and Moving Forward42:06. The Role of Bias in Trading Decisions47:00. Focusing on Process Over Profit51:13. The Real Work of Trading: Journaling and Reflection56:13. Discipline and Learning from Mistakes 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
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In this episode of the Trade Pro Academy podcast, Vic interviews Mike, a seasoned trader from Trade Pro Academy, about his trading journey, the evolution of his trading style, and the importance of personalizing strategies. They discuss the challenges of order flow, the role of prop trading firms, and the significance of risk management and trading psychology. Mike shares insights on consistency in trading and emphasizes the need for traders to master one skill at a time for better results. The conversation concludes with advice for new traders and a caution against trading on Fed Days.Takeaways Creating your own trade style is essential for success. Order flow can lead to impulse trades and fakes. Widening stops and reducing position size can help manage risk. Eliminating noise in trading is crucial for clarity. Trial and error is a significant part of developing a trading strategy. Prop trading can be a great learning tool but comes with challenges. Risk management is key to long-term trading success. Consistency in trading requires mastering one skill at a time. Avoid trading during high volatility events like Fed Days. Personalizing trading strategies leads to better outcomes.Sound Bites "Order flow can trigger impulse trades." "You can risk $25 to learn how to trade." "Don't trade Fed Day."Chapters00:00. Introduction to Trading Journeys05:57. Navigating Order Flow and Market Dynamics11:55. Trial and Error in Trading17:59. Managing Risk and Trade Execution23:58. Conclusion and Key Takeaways30:59. The Power of Journaling in Trading35:56. Understanding Prop Trading and Its Challenges40:50. Risk Management in Prop Trading45:58. Choosing the Right Prop Firm52:02. Consistency and Profitability in Trading58:07. Final Thoughts on Trading Strategies 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
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This conversation delves into the expectations surrounding trading, particularly for new traders. It explores the psychological aspects of trading, the importance of discipline and routine, and the challenges faced when transitioning from sim trading to live trading. The discussion emphasizes the need for community support, effective risk management, and the long-term journey of a trader, highlighting the balance between skill and consistency. Ultimately, it underscores the significance of setting realistic expectations and the continuous process of self-improvement in the trading world.takeaways Expectations in trading are often unrealistic, leading to disappointment. 70% of new traders quit within the first year due to high expectations. Discipline and routine are crucial for successful trading. Sim trading can create a false sense of confidence and lead to poor habits. Community support is essential for traders to thrive and learn. Managing risk is vital for long-term success in trading. Self-improvement and adaptation are key components of a trader's journey. The balance between skill and consistency is important for success. Traders must learn to accept losses as part of the process. Setting realistic expectations is critical for a sustainable trading career.Sound Bites "Community support is crucial for traders." "Sim trading can create false confidence." "Discipline is key to successful trading."Chapters00:00 Understanding Trading Expectations03:20. The Reality of Day Trading06:39. The Importance of Commitment and Focus09:26. The Learning Curve in Trading12:26. Managing Risk and Market Conditions15:29. The Role of Simulated Trading18:39. The Transition from Sim to Live Trading21:32. The Impact of Prop Firms on Trading Expectations24:25. Discipline and Routine in Trading27:44. The Psychological Aspects of Trading30:29. The Journey of a Trader 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
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In this episode of the Trade Pro Academy podcast, George and Vicky discuss the evolution of their trading journey, the importance of psychology in trading, and the reintroduction of their podcast. They emphasize the need for structured trading systems, the role of community in achieving success, and the impact of market sessions on trading strategies. The conversation also touches on setting realistic expectations for traders and the balance between discretionary and rule-based trading.Takeaways The excitement in trading comes from innovation and improvement. The podcast aims to bridge the gap in trading psychology education. Community support is crucial for trading success. Structured trading systems can lead to better outcomes. Expectations in trading should be realistic and grounded. Discretionary trading requires a high level of focus and discipline. The importance of understanding market sessions for trading strategies. Successful traders often have a low win rate but high profitability. The podcast will feature interviews with successful traders. The evolution of TradePro Academy reflects the changing landscape of trading.Chapters00:00. Welcome Back to Trade Pro Academy Podcast03:27. Evolution of the Podcast: From Psychology to Strategy06:40. The Importance of Engaging Conversations09:30. The New Format: Mystery Topics and Co-Hosting12:20. Personal Journeys: Growth Inside and Outside Trading18:24. Building a Rule-Based Trading System22:38. The Psychological Toll of Discretionary Trading25:42. The Importance of a Rule-Based System27:31. TradePro's Evolution and Current Challenges29:47. Trading Strategies: European Session Insights33:03. Simplifying Trading: The Power of Focus35:42. Managing Expectations in Trading39:31. The Value of Education Over Flashy Success 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
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We've come a really, really long way.But we need to take a break to re-think the podcast and come back stronger than ever, with more engaging and relevant content.In this final (for now) episode I'm gonna explain to you the reasoning behind this decision and how to get more value from us in place of this podcast - and trust me, there is A LOT of value waiting for you.It's not a goodbye, it's just a goodbye for now. 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
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Episode SummaryIn this insightful episode, we tackle the top 10 questions new traders have about trading psychology. Mastering the mental aspects of trading is crucial for achieving consistent success and longevity in the market. Here's a breakdown of the key topics we cover:1. How do I manage fear and anxiety while trading?We explore strategies to stay calm during market volatility and techniques for overcoming the fear of loss. Learn how to maintain composure and make rational decisions even in the face of uncertainty.2. How can I develop and maintain discipline in my trading?Discover the importance of having a solid trading plan and get tips for sticking to your plan and avoiding impulsive decisions. Building a disciplined approach is essential for long-term success.3. What are the best ways to handle losses and setbacks?We discuss effective coping mechanisms for dealing with losing trades and how to learn from mistakes and move forward. Embrace setbacks as opportunities for growth and improvement.4. How can I avoid being influenced by emotions like greed and overconfidence?Identify your emotional triggers and learn techniques for maintaining a balanced mindset. Avoid the pitfalls of greed and overconfidence by understanding how they impact your trading decisions.5. What are some effective ways to build mental resilience?We share exercises for improving mental toughness and developing a long-term mindset. Building resilience helps you bounce back from challenges and stay focused on your goals.6. How do I stay motivated and focused during tough market conditions?Setting realistic goals and maintaining motivation are critical, especially during challenging times. We provide techniques for staying driven and focused, ensuring you remain committed to your trading strategy.7. How can I improve my decision-making skills under pressure?Explore techniques for making rational decisions under pressure and tools for managing stress. Learn how to keep a clear mind and make informed choices, even in high-stress situations.8. What role does self-awareness play in successful trading?Understand the importance of self-awareness in trading and discover exercises for increasing self-awareness. Knowing your psychological strengths and weaknesses can lead to better trading outcomes.9. How can I create a supportive environment for my trading?Building a network of like-minded traders and seeking mentorship can provide invaluable support. Learn how to cultivate a positive and supportive trading environment to enhance your performance.10. What are some common psychological pitfalls and how can I avoid them?Identify common cognitive biases and strategies for avoiding these pitfalls. Improving your trading performance involves recognizing and mitigating the impact of these biases on your decisions.ConclusionWe recap the key points discussed in the episode and encourage you to implement the strategies and techniques shared. Stay tuned for our next episode, where we dive deeper into advanced trading psychology topics.Call to Action Share your experiences and questions with us. Subscribe to our podcast, leave reviews, and follow us on social media for more insights and updates.This episode provides valuable insights and practical advice to help new traders navigate the psychological challenges of trading, paving the way for a successful trading journey. 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
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In today's episode, we delve into the world of trading psychology and explore a powerful tool that can help you maintain your calm, focus, and rational thinking throughout the trading day—hypnosis.Key Topics Discussed: Recognizing Critical Moments in Trading: Have you ever found yourself on the verge of compromising your trading plan, knowing that by 4 PM, you'll regret the decisions you made? This episode is for you. The Power of a Quick Reset: Instead of drastic measures like freezing your account or locking yourself away, learn how to recenter and reset your mindset to reclaim the optimism and opportunity you felt at the start of the day. Introduction to Hypnosis: Understand what hypnosis really is—a natural state of focused attention and heightened suggestibility, similar to being deeply absorbed in a book or movie. Misconceptions Cleared: Dispelling myths about hypnosis, emphasizing that it's not about losing control or performing silly acts like stage hypnosis, but rather a meditative state where you remain fully aware and in control. Hypnosis for Traders: Discover a hypnosis script specifically designed to enhance calmness, focus, and rational thinking during trading.Hypnosis Disclaimer:This hypnosis session is for personal development and relaxation purposes only. It is not a substitute for medical or psychological treatment. Individual results may vary. Do not listen to this session while driving or operating machinery. If you have a medical or psychological condition, consult a healthcare professional before participating. Your participation is voluntary, and you are responsible for your own well-being. If you feel uncomfortable, you may stop at any time.Hypnosis Script Highlights:1. Introduction and Induction: Find a comfortable, quiet place. Close your eyes and begin deep breathing to relax.2. Deepening Relaxation: Progressive muscle relaxation from head to toe. Visualization of a peaceful, serene place.3. Suggestion Phase: Enhancing calmness with a wave of relaxation. Improving focus with a bright light visualization. Promoting rational thinking by imagining a powerful, logical computer.4. Anchoring Positive Feelings: Creating an anchor gesture (e.g., pressing thumb and forefinger together) to recall this state of relaxation and clarity instantly.5. Reorientation: Gradually awakening with feelings of calmness, focus, and rational thinking.Call to Action: Download the Hypnosis Script: To reinforce these positive feelings and enhance your trading performance, download the hypnosis script from our show notes. Visit podcast.tradeproacademy.com to get your free audio file.Final Thoughts: Practice Regularly: Use this script regularly to strengthen its effects and help maintain your performance state during trading. Embrace Imperfection: Sometimes, it's essential to give your subconscious mind the space to work without trying too hard.Remember, maintaining calmness, balance, and focus can significantly impact your trading success. Listen, practice, and unlock your potential with hypnosis. 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
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