What Makes a Successful Trader? | Secrets of the Institutional Trader | Part 2
121,102
Published 2020-03-20
He talks about female versus male traders, and the underlying differences between them, and how one would select proprietary traders for institutions, including the difficulties with finding prop traders. He reflects on his experience finding prop traders in Prague and what qualities he looks for in a successful trader.
Trevor highlights why extreme overconfidence and being too concentrated can lead to 'blow-out', and why it can pay to remain calm under pressure.
► See the other parts of Trevor Neil's presentation:
Part 1: • How Do Retail & Institutional Traders...
Part 3: • When Does an Institution Have the Adv...
Part 4: • When Does a Retail Trader Have the Ad...
Watch our interview with Trevor Neil:
• "Secrets of the Institutional Trader"...
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All Comments (21)
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Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks at a discount since the beginning of the year and yet the cycle continues with more losses, I know the idea is to hold long term but God I could really give anything to see some growth happen to my portfolio.
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My Notes: - Socially awkward people sometimes end up hiding losses (and avoiding the truth) -> Be honest with yourself -> Approach with the attitude that there is always something new to be learned -> Be ok with losing; Lose small and fast -> Learn and adjust your process if needed - For a long career you need to make things as easy as possible for yourself -> Having a process helps you make decisions easier -> Following your process, even if the trade didn't end up working out, makes things easier for you emotionally in the long run - Taking long, deep breathes when you realize you are overstressed is able to calm you down enough to make a better decision if done for 20-30 seconds.
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Every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.
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So much wisdom in him! So much to learn from him! He is humble enough to get wiser even at his age! Thank you so much for sharing!
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One of the best 23 minute video on trading psychology on YouTube 💥 Trevor Neil - hats off to you sir
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His smile makes me smile🙂😀
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Come join our live Q&A with Trevor tomorrow, December 2nd, 1-2pm GMT. Sign up here: www.cmcmarkets.com/en-gb/opto/webinars/rrg
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Simply BEAUTIFUL
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Could you please share the links to the youtube videos you referenced? thank you!
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great examples
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I'm just amazed he's able to get technical analysis and price action based stops to work
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Damn!!! Sage wisdom
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Breathe deep to take back control. That's gold.
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Loved the delightful joke at the start
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Does he have the vid?
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He is so right. I known a few oddballs on the floor. The information he is speaking about is gold dust.
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Where can we see the film of the Czech company?
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...somebody get him a glass of water...(?)
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Anybody, to talk about trading with via group chat or video?
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What is his background?
