Key insights

• ⚡ Prefers trading NASDAQ due to higher volatility and quicker moves
• 🚫 Doesn't trade Dow and finds no confirmational bias in YM
• 🗽 Favors New York am session for volume injection
• 📉🎯 Takes 1-3 trades per day, stops after 2 losses or a win in a session
• 💰 Risk is based on fixed contract size, accepts higher volatility with potential higher rewards
• 📊 Uses a model to guide trading decisions and minimize FOMO
• 💹 Moved from FX to crypto and back to FX, then to futures after a significant loss
• 📓 Journaling bad trades and personal reflections, Influence of the Law of Attraction on mindset

Q&A

• What personal reflections and mindset influences did the trader discuss?

  The trader shared their journey of making and losing a lot of money in trading, emphasized the importance of journaling bad trades and personal reflections, and discussed the influence of the Law of Attraction on their mindset.

• What approach did the trader take after suffering a significant loss?

  After a significant loss, the trader moved from crypto to FX and then to futures, choosing futures due to regulatory advantages and less manipulation compared to FX. They also took a break before returning to trading.

• How does the trader manage FOMO (fear of missing out) in trading?

  The trader uses a model to guide their trading decisions and minimize FOMO, emphasizing rule setting, backtesting, and gaining confidence in their approach.

• How does the trader approach risk and trade management?

  The trader's risk is based on a fixed contract size, and they accept higher volatility with the potential for higher rewards. They focus on tight stop losses and optimal trade entry, with a different approach for high volatility trades.

• What time frame does the trader prefer for trading?

  The trader prefers the M15 time frame for trading and focuses on 10 a.m. reversals for profitable trades.

• How many trades does the trader take per day, and when does the trader stop trading?

  The trader takes 1-3 trades per day and stops trading after 2 losses or a win in a session to maintain disciplined risk management.

• What are the trader's preferences for trading sessions?

  The trader enjoys both London and New York sessions for different reasons, favoring the New York am session for volume injection.

• What does the trader prefer to trade, and why?

  The trader prefers trading NASDAQ due to higher volatility and quicker moves, which can lead to higher potential rewards.

• 00:00 A conversation with a top trader who prefers trading NASDAQ, doesn't trade Dow, and enjoys both London and New York sessions for different reasons.
• 02:16 The trader takes 1-3 trades per day, stops trading after 2 losses or a win in a session, prefers M15 time frame, and focuses on 10 a.m. reversals. Risk is based on a fixed contract size and accepts higher volatility with higher potential rewards.
• 04:31 Success is based on static risk participation in the market. Volatility affects risk management. Contract size remains consistent to optimize trade entry. Focus on tight stop losses and optimal trade entry. Different approach for high volatility trades.
• 06:49 The speaker explains how they approach trading and manage FOMO, emphasizing the use of a model to guide their decisions and minimize screen time. They highlight the importance of establishing rules, backtesting, and gaining confidence in their approach.
• 08:41 A trader discusses his approach to using alerts, chart monitoring, and trading sessions, moving from crypto to FX to futures after a significant loss, and taking a break before returning to trading.
• 10:58 The speaker discusses their journey of making and losing a lot of money in trading, the importance of journaling bad trades and personal reflections, and the influence of the Law of Attraction on their mindset. Follow Kane on Twitter and YouTube for more insights.