How To Become A Profitable Trader: Part 2Hey guys! In this video, I talk about building a trader mindset. This isn't meant to be a marketing term either, I truly believe that Traders see the world differently, because all we do all day is calculate risk and reward, bat rate and win loss. Expected value is the holy grail.
On top of that, I also examine the different types of competition you will face on different timeframes. This is important for getting a broad overview about HOW to best compete and win in any type of market.
Hopefully now you have a better awarness of the types of trading that take place, and principles and supply and demand and mispricing that are key to effective trading.
In the final videos, I will talk more about risk control, as well as some concrete strategies that I think people should consider using. I've seen them build fortunes before, and I don't see a reason why they shouldn't work for you.
This includes:
- A long term, low maintenance strategy for crushing the S&P. 40 years running!
- A unique strategy that earns yield on cash and combines lots of the edges discussed in this video
- and more
Spoiler alert, there isn't much about short term trading, because generally I don't think you should be doing much of that. That said, I do give some tips there as well for those willing to brave those wilds.
Cheers!
-AW
