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Show Notes
This was a very special episode for me! I had 3 experienced and consistently profitable traders on the show - Kyle Williams, Harry Hoss, and Jack Kellogg. We had a great time answering Twitter questions and discussing the trades from the week before.
We chatted about sticking with the chosen trading strategy and remaining consistent despite feeling tempted with the exciting yet not proven setups. We discussed the interesting tickers of the past week and the trades that the guys made or missed out on. We also talked about the FOMO - fear of missing out - and if it should affect your trading habits.
We talked in-depth about the optimal win percentage in correlation with the risk/reward ratio. Guys shared their recent win percentages while talking about how random the sequence of losses and wins can sometimes be and how, if you're not careful, 1% of losses can take out 99% of wins.
We chatted about the scariest moments of their trading careers as guys shared their stories. Kyle revealed that he was once ready to pick up a side gig just to recover the losses from a trade gone bad, but managed to turn it around. Harry finished this fun episode with a rant about short sellers and the strategy that burns them time after time, yet people remain falling for it.
What did you like the most about this episode? What did you learn?