019 - Achieving New Year Trading Resolutions; Playing Offense & Defense with special guest Gregory Gossett

New Year, new show! As we embark upon the New Year, trading resolutions may feel far-reaching and impossible, but in today’s episode, Mike & Melissa discuss ways to make those resolutions become a reality.  Also, learn the best way to play offense and defense with your trades. with special guest, 25-year equity trading expert Gregory Gossett will discuss ways to implement these strategies in your trading and the significance of Risk to Reward and position sizing. Checkout Gregory's YouTube & Twitter:  https://www.youtube.com/channel/UCviK0XeiDS0l1deHtEVmrKw https://twitter.com/GossettTrading Top 10 Highlights from interview: 1) Learn from the trading masters.  Take those learnings and develop your own unique trading style.  2) Buy from people who are depressive.  Sell to people who are manic!   3) Play offense by taking off profits when market really wants to give it to you.  Play defense with trailing stops  4) Made some significant changes to trailing stop rules.  Take half and then half of a half. 5) ETFReplay.com  Great tool to test and backtest strategies.   6) Spread trades over many different time frames in order to diversification of time and your approach.   7) Master one strategy first and then tinker with it to fit your personality.  Like a musical instrument, best to master one first before picking up a new one.   8) Need a confluence of indicators and setups.  Want to see buyers coming in weekly and daily.  Want to be in the company of as many buyers to make a profit. 9) Traders need to adjust to the volatility of the market.   10) Practice with simulated trades.  More repetition and mind will take in the different patterns.