Hedge Fund Trader's 3 Tips to Become Profitable

Cas Daamen shares his journey to becoming a profitable trader and offers advice for aspiring traders. He emphasizes the importance of transitioning from discretionary to mechanical trading and keeping a simple system. Full episode + show notes: https://tradingnut.com/cas-daamen-3/ Key moments - [01:09] Most people have a discretionary style of trading, but discretionary trading relies on experience which you don't have as a beginner. - [06:50] If you analyze the performance of hedge funds and really good firms and good traders, they don't win every month. - [06:57] Having realistic expectations, knowing what you can achieve with trading, combining that with the right chart knowledge, is a great way to start and develop as a trader. - [08:41] Becoming a profitable trader really comes down to three main things, having a strategy with edge that fits with your personality, having the balls to trade the strategy during the good and bad periods, and being - [11:43] Focus on learning how to properly back test something. - [14:38] Learn supply and demand, learn a bit of order flow and level 2 data. Watch: https://www.youtube.com/watch?v=tA_bpRS5cLc --- 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.