12/21/2023 0 Comments Protrader elite![]() It takes committed, deliberate work to refine the craft of being a trader and this is done by removing limiting beliefs, being self-aware, staying objective and honest with yourself, being ready for any given outcome, giving back and being a contribution, living in accordance of your values, and committing to a growth mindset in order to improve every day. As he says multiple times, there is no magic formula or secret to becoming successful. The roadmap to becoming a wildly successful trader is outlined from virtually A to Z by Lance. He describes the thought process and stock selection by specifically identifying stocks that he believes every trader is wanting to be on the same side of the trade. Beyond outlining how these trades worked, Lance dives into his thoughts and conviction behind these big trades. Other examples that Lance speaks to are real world trades that have happened recently, including catching the recent lows of Carvana (CVNA) and buying the breakout of Tesla (TSLA) from last fall. In one example of a theoretical capitulation trade, he outlines how he would capitalize on a panic if a “boring” mega cap stock like Bank of America (BAC) dropped +20% in a matter of minutes. Lance also breaks down few different real world and theoretical discretionary trades and how he would approach them. Lance gives a number of detailed examples of how any trader can accomplish this during their review process with examples of watching back how they traded, journalling, and doing a daily report card. ![]() ![]() In order to make it, a trader must really dig into working smarter by identifying and refining the nuanced aspects of trading that will compound and pay out exponentially over time. As Lance puts it, it’s not enough to just work hard at trading by looking at charts or reading analyst reviews all day. ![]() In this episode Lance dives deep into what he believes are the reasons that he has found such success as a trader, including his tremendous work ethic, maintaining a long term perspective, and reviewing what he describes as “the most important moments” in his trading. Lance Breitstein joins The Wall Street Coach Podcast to discuss his incredible rise as a prop trader at Trillium, the importance having a growth mindset, and how to identify the nuances in both the market and your own trading to vastly improve your edge. Lance Breitstein on Becoming an Elite Trader Podcast: Play in new window | Download 0:25 - Kim's FREE ebook 'Discipline and Finding Your Edge'Ħ:10 - Combining hard work with smart workġ3:25 - Growth mindset, playing strengths, and ridding yourself of limiting beliefsĢ0:05 - The importance of self-awareness and introspection to adapt and growĢ9:40 - The advantage of maintaining a longterm perspectiveģ6:10 - The paradox of struggle and adversityĤ1:35 - Reviewing “the most important moments” in your tradingĤ3:18 - Identifying the nuances of what works for you and when to size into tradesĤ8:05 - Breaking down theoretical discretionary trades through thought experimentsĥ1:55 - The value in game planning the realm of possibilitiesĥ4:48 - The best trades have every trader on one side – TSLA and CVNA trade examplesġ:00:20 - Emotional intelligence in trading and lifeġ:05:30 - The value of working with a performance coachġ:08:10 - Combatting scarcity mindset and greed with identifying personal valuesġ:15:25 - How the Impact Competition has a large scale impact See what’s moving the markets with fully integrated live CNBC TV right from your desktop, including international feeds and Video on Demand. Spot trends and manage risk with a fully customizable charting package. Streaming News & Watch ListsĬreate customized watch lists to easily track the stocks and options you care about most. discipline and strategy of an elite trader, then get in touch to learn about our funded. Trade all options strategies with professional-grade tools and enhanced options analytics, including a new options screener and options strategy optimizer. you can use a maximum lot size of 0 Pro Trader Unlike other. Sector & Industry Trackerįind the top performing sectors, industries, and companies in just 3 clicks. Strategy Scanner makes it easy to see how your trade would have performed with visual view of best, worst, and average gain/loss. Strategy Scanner features real-time strategy recognition and streaming alerts, now with predefined strategies by market outlook.
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