293. $91k Loss to 91% Win Rate ... How He Found The Blueprint To Consistently Profitable Trading

In this episode, I interview Michael Katz, a veteran day trader with 15 years of experience in stocks and futures. Michael shares his trading journey with me, including a significant $91,000 loss while trading Virgin Gal Full episode + show notes: https://tradingnut.com/michael-katz/ Key moments - [05:49] The thing about trading is actually getting into a position with a small risk and adding more as it goes to your favor or against you as long as you're within your risk parameters. - [08:30] You got to understand that the results that you're getting from back testing will be different in real life. - [18:27] The first thing that it's super hard for traders to do is just to handle their risk size. - [19:06] If you already found the right trade, wait a minute in the trade, let the trade work and then exit the trade. - [19:31] Wait a little bit more. Give yourself that chance or give the trade a chance to work. - [28:24] Indicators are a reflection of the price. - [28:52] Focus on the naked chart and just find those areas of major supply and demand. - [29:29] Get rid of the Ferrari dream. - [30:23] Try to avoid that feeling or thoughts about "I'm going to be rich" because it's not about that. It's about being consistent and long term. - [31:28] You just need to continue to trade slowly as you already did yesterday and be humble about trading. Watch: https://www.youtube.com/watch?v=SHGZi1ya01o --- Sponsors BlackBull Markets - 100% deposit bonus & free TradingView — NZ-regulated broker. https://tradingnut.com/go/blackbull/ PropFirmMatch - Find the right prop firm challenge — PropFirmMatch.com https://tradingnut.com/go/pfm/ --- More from Trading Nut Strategy Vault - Free guest setups organised by market & method. https://tradingnut.com/go/vault/ TraderZen - Free trade control & mindset app for active traders. https://tradingnut.com/go/traderzen/ Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup. https://tradingnut.com/go/dtc/ --- Educational only - not financial advice. Risk: https://tradingnut.com/disclaimers/ Some links are affiliate partnerships.