Jan 24 2025 47 mins 8
In this eye-opening episode of Talking Shop, Luke, Pete, and Sean dive deep into trade analysis and the mathematics and psychology of successful trading. With over 45 years of combined trading experience, the hosts break down essential concepts like risk management, win ratios, and position sizing. Learn why even legendary traders like Ray Dalio and Stanley Druckenmiller don't win as many trades as you think.
Key Timestamps:
00:00:00 - Introduction and welcome to the new season
00:02:03 - Introducing "Trade Craft" series and hosts' combined trading experience
00:04:26 - Deep dive into risk vs. reward concepts
00:07:13 - Important insight: "The market doesn't owe you anything"
00:12:33 - Discussion of win ratios: Ray Dalio and Stanley Druckenmiller's success rates
00:19:13 - Example of calculating proper trade size
00:24:48 - The dangers of overleveraging and account preservation
00:32:29 - Setting trading goals and measuring success
00:39:15 – Key points and IG available resources
00:42:40 - "Margin Call" segment: Who is the biggest loser?
Find out more: https://upl.inc/talkingshop
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