Trading Out of a Hole
Today’s summary provided by generative AI!
In this episode, the hosts discuss various trading topics, including trading out of a hole and the differences between trading during bearish and bullish markets. They emphasize the importance of recognizing and managing emotions while trading and the need to have clear goals and strategies. The hosts also caution against reckless trading and chasing losses, highlighting the importance of patience and discipline. Overall, the conversation provides valuable insights into effective trading practices. The conversation covers topics such as understanding aggressive market moves, trusting your work, and narrowing the gap between preparation and execution. They discuss the importance of not getting distracted by flashy ads and the significance of taking liquidity and accomplishing goals. The conversation also delves into the concept of internal and external swing highs and the difference between daily and session highs. The hosts share their good, bad, and ugly moments of the week, and make bold predictions about their children's activities. Overall, the conversation provides insights into trading strategies and personal experiences in the market.
Sponsors and Friends
Our podcast is sponsored by Sue Maki at Fairway Independent Mortgage (MLS# 206048). Licensed in 38 states, if you need anything mortgage-related, reach out to her at SMaki@fairwaymc.com or give her a call at (520) 977-7904. Tell her 2 Bulls sent you to get the best rates available!
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About the Panelists:
Baba Yaga:
Solving problems, helping set goals and refining processes is the bulk of Baba's passion. He does that in many contexts, ranging from non-profits to real estate and everything in between. He focuses on market structure through the lens of TPO charting and executes based on volume, misplaced large orders and Delta. He loves the opening range breakout and typically trades the market from the "inside out."
Follow Baba on Twitter
Trade Review Link
Mr. Banks:
Working as a commercial banker and trading on the side helped Mr. Banks develop his trading style into what it is today. As a banker, his main thought is: “What’s the worst that can happen and how can I mitigate that risk?” Taking that same thought process into trading has made him focus more on his trade setups. Trade with confidence, trade what the market gives and limit the unknown factors.
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