There’s a couple well known “facts” about trading: for example that only the top 5-10% of traders ever make money and even fewer keep that money and grow it. That’s why I’m going to tell you the top things that could ruin your trading career, so you can evade them in the future and learn a lesson if you’ve already gone through it. So you can’t afford to miss this episode of Develop Your Edge!
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Understanding market forces pre-, during and post-trade is a critical key to becoming a better trader. Join NinjaTrader’s Tom Schneider, CMT and futures market pro Anthony Crudele as they share their opinions on current markets. Watch as they provide actionable, real-time trading examples designed to showcase the benefits of developing a trading plan.
If you’re looking for insightful analysis to help hone your trading style, Develop Your Edge is a weekly “must watch”. Tom and Anthony will answer viewer questions and provide some “outside the box” thinking as they analyze and trade a host of futures products.
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I agree with all of this, completely. There are some other things that can be done to: Position size limits on the broker side, and daily loss limit set on the broker side. Set it at a level which would only be hit on situations like this, so the account would be locked out for the day. It's annoying, but can prevent the revenge trading and devastating losses that come from days like that.
Perfect day for this video, ive been disciplined well and consistent all year until today and suddenly started chasing a loss out of nowhere and against my own rules. Looking back, i started getting a little sloppy the past 2 weeks. Something notable to watch out for i guess. Like when the brakes start making that warning sound and suddenly, no f'n brakes!. Again, great video, thanks guys.
Becoming a more emotionally tempered and disciplined trader transcends your entire life.
Congrats Anthony on 25 years! I'm in my 14th year. 🙂 (6th year without a 9-5 job for a cushion)
Congrats on 25!
Thanks for all the great content😎👊
Yr 6 trader. Golden conversation. Thanks.
"Know what you are looking for." Best Advice of 2023!
I have read trader stupid comments over a daily trader bite like "just short at settlement price."
Guess what it was a bloody trend day up.
There are too many nuances for us to learn. Never say never. Stay flexible and read the bloody tape.