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23-Year-Old Prop Trader on Why Process Beats Chasing Trades
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Chapters5 segments · tap to seek
ticker lesson
Breakdown
0:00lesson
Trading career and process development
- Started trading 6 years ago
- Mentored by top traders
- Focus on studying during free time
- Published radar reports as side business
1:38lesson
Playbook and opportunity review
- Focus on playbooking for long-term ideas
- Archive of charts for comparables
- Grade opportunities for bet sizing
- IPO playbook for opening print trades
3:18lesson
Seasonality and market environment
- Seasonality is a huge portion
- Market environment shapes trader output
- Seasonality weakness in September
- Correlations at all-time low
4:59lesson
Market analysis and positioning
- Market at all-time high profitability
- Congested tape with low correlations
- Sell into strength, buy into weakness
- Positioning is clocked
6:31lesson
Market behavior and sentiment relief
- Leopold bottom as sentiment relief
- Pain in the market leads to relief
- Good news treated differently at different levels
- Need an excuse to move the market
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