#009 - Finding Your Trading Mindset

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 trade How to trade stock options Relative Value Trading Strategy The most important information for managing options positions - Scalping Gamma Changing your approach to trading 1:00 Serious, Active, Trading 3:30 The Rubber Band Example 5:00 The "ah ha" moment 5:55 “Nothing would work” - Trading NQ futures 7:00 An approach to writing code 8:25 The elimination of emotion, A systematic confirmation tool 10:00 A community feel 11:45 A message to retail traders 12:55 Don't Freak out, Build a better position 14:00 How to trade the Yield Curve 14:30 “Stops are detrimental for the type of trading that will make me successful” 16:00 The Fed, Rates and trading Bond Futures 18:20 Sometimes it’s safer to go further in 19:20 Power through education 21:30 Learn how to trade; Don’t hope for the best 24:30 How to build a portfolio bias 28:00 Build on a solid foundation 30:00 Fed Dominator - Historical Data 32:00 The Most Rewarding Part of Trading 33:15 Better returns in 24 days than all of 2017 34:00 ADT: You'll never look at trading the same again 35:20 It's okay to get rid of negative energy 37:20 Be happy when a trade goes against you 40:00 What a butterfly can tell you 44:35 Customize a trade, use identify your strengths 47:00 Trade your personality 48:20 The Market will sniff out a weak hand; believe in your trade 50:30 Scalping Gamma: Options 101 52:00 Position Management and the power of options: A Game Changer 56:00 Keep it simple! Books Mentioned In this Episode: Options As a Strategic Investment - Lawrence G. McMillan Hosted on Acast. See acast.com/privacy for more information.