#009 - Finding Your Trading Mindset

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Trading School Podcast

Business


It happens to many new (and seasoned) traders. You convince yourself that you need to participate in a particular trade only to find it doesn’t work. You start adding indicators and making it more complicated. You throw money at it, but still, it’s just not working. Some instruments just aren’t great to trade and sometimes you need to find a trade that better resonates with your approach to the markets. Today, I had a chance to speak with Pablo Lucena who is an experienced trader but has found some serious traction with my Apex Program. We cover a lot of information, but here are some of my favorite topics:Building tools for the tradeHow to trade stock optionsRelative Value Trading StrategyThe most important information for managing options positions - Scalping GammaChanging your approach to trading1:00   Serious, Active, Trading3:30   The Rubber Band Example5:00   The "ah ha" moment5:55   “Nothing would work” - Trading NQ futures7:00   An approach to writing code8:25   The elimination of emotion, A systematic confirmation tool10:00  A community feel11:45  A message to retail traders12:55  Don't Freak out, Build a better position14:00  How to trade the Yield Curve14:30  “Stops are detrimental for the type of trading that will make me successful”16:00  The Fed, Rates and trading Bond Futures18:20  Sometimes it’s safer to go further in19:20  Power through education21:30  Learn how to trade; Don’t hope for the best24:30  How to build a portfolio bias28:00  Build on a solid foundation30:00  Fed Dominator - Historical Data32:00  The Most Rewarding Part of Trading33:15  Better returns in 24 days than all of 201734:00  ADT: You'll never look at trading the same again35:20  It's okay to get rid of negative energy37:20  Be happy when a trade goes against you40:00  What a butterfly can tell you44:35  Customize a trade, use identify your strengths47:00  Trade your personality48:20  The Market will sniff out a weak hand; believe in your trade50:30  Scalping Gamma: Options 10152:00  Position Management and the power of options: A Game Changer56:00  Keep it simple! Books Mentioned In this Episode: Options As a Strategic Investment - Lawrence G. McMillan