Since 2015 I’ve been searching the world for the best Forex, Futures, Stock and Cryptocurrency traders to find out what makes them win. In fact, I’ve become so good at interviewing these winning traders, I’m able to unearth “nuggets upon nuggets” of knowledge and money making tips during each and every interview. Without a doubt, this is one of the BEST places to find interviews with successful traders... and I’m sure you’ll love it!
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Since 2015 I’ve been searching the world for the best Forex, Futures, Stock and Cryptocurrency traders to find out what makes them win. In fact, I’ve become so good at interviewing these winning traders, I’m able to unearth “nuggets upon nuggets” of knowledge and money making tips during each and every interview. Without a doubt, this is one of the BEST places to find interviews with successful traders... and I’m sure you’ll love it!
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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 Galactic stock. He discusses the lessons he learned from this experience, emphasizing the importance of risk management and trading psychology.
Michael also explains his trading strategies, focusing on price action and market structure rather than indicators.
00:00 Introduction
04:06 Turning Point to Profitability
06:47 Understanding Market Timing
10:06 Backtesting Trading Strategies
12:25 Setbacks in Trading
17:49 Common Mistakes Among Traders
20:02 Success Rates of Funded Traders
26:22 Understanding Risk Parameters
27:03 Trading Style Breakdown
28:56 Avoiding Trading Myths
35:03 Final Thoughts
Trading is extremely risky, and you will probably lose all or more of the money you try to trade/invest with – even if you follow the content Trading Nut produces. Your odds of making money trading are almost 0%. We make no guarantees or promises that you will achieve any specific result at all. Trading Nut or anyone featured on Trading Nut content does NOT offer financial advice, and all information is for entertainment purposes only. You should consult a licensed financial services provider before placing trades in any financial market. Please read our full risk disclaimer so that you understand all of the risks associated with trading: https://tradingnut.com/disclaimers/
Since 2015 I’ve been searching the world for the best Forex, Futures, Stock and Cryptocurrency traders to find out what makes them win. In fact, I’ve become so good at interviewing these winning traders, I’m able to unearth “nuggets upon nuggets” of knowledge and money making tips during each and every interview. Without a doubt, this is one of the BEST places to find interviews with successful traders... and I’m sure you’ll love it!