1) Understanding the auction & the products you choose 2) Having a "niche" with math based strategies 3) Adequate funding 4) Proper risk management & mindset/psychology 5) Discipline to learn & execute on each of these. Sounds easy enough 🤔 Aaron, another great interview with special thanks to Bob! 💯
This is the best trading interview I have ever heard. Maybe just a few things have synced with me, but this was very exciting. Great job with interview.
Thanks Aaron! I was confused as to why he wasn't giving any depth to his answers. He seemed to stay on the surface....I appreciated your attempts to get him to go deeper. Cheers! Looking forward to the next one!
I have been working for a guy very similar to Bob for a very long time. He is not a genius. He was lucky, yes, but its a specific mindset which makes you a winner or loser with the markets or gambling. Few have that mindset from the beginning, some get it quickly once they gamble/trade. Many never get it. That's the 90 percent giving their money to the 10 percent.
Love you man😍. You are doing amazing work ,its helping us through the core i just cant explain how useful your work is its just AMAZING. God bless you man our wishes are always with you.keep doing your work , we will never forget you.
Although I understand what Aaron meant in the foreword, I think the interview was very good, even if he did drift off the question at times. It was very well done and another great professional interview job.
Pairtrading is what Bob is taking about. Example pair trading FedEx vs up, Visa vs Mastercard etc. His firm will teach how to do this. Go for it. I do the same but with futures . Example oil calendar vs calendar. His firm is the real deal.
I tried and profited from calendar but Im not sure if the opportunity is consistently there for me to exploit. What are you exploiting? Seasonality? Holding period?
Thanks I really got an awful lot from this interview! Bob Bright told quite an interesting story of his success! I would give anything if he were my neighbor!
That was a bit rambling at times, But Bob is still the black jack king!!! Now I know why Rob Friesen is the President of Bright Trading, no offense to Bob Bright. I used to trade with Bright, Bob was much sharper 20 years ago.
I have been trading for about 6 months now and just about every trade backfires and slaps me in my face. Nearly impossible for me to catch more than a few points . I try to do top down analysis but it doesn't work for me . I say to myself, clearly I'm in the 90% that lose money, so I open a demo account, do my analysis, then take the opposite of what I would normally take and get the same result. I'm starting to feel hopeless, any advice for a struggling trader?
Your problem could be your stop loss is too close or you're watching your trades too much. Place it and walk away. Or you could just give up, trading isn't for everyone
Try not to hear him out, don't surrender. Exchanging takes time(months, even years) to ace, even the experts learn ordinary. Never the less, on the off chance that you lose cash regardless of which side you take, possibly you have to take a gander at how you are overseeing dynamic exchanges as opposed to how you are entering them. My recommendation, discover a guide . And furthermore, have a go at fusing the utilization of oscillators, Bollinger and rotate focuses into your system. What's more, in particular move to higher TFs(4h or 1D ideally), you'll express gratitude toward me later .
@@dannywilson258 You're correct, I don't lose money every single trade, but my main problem is trying to let my runners run. Very rarely do I catch big moves . Instead they go a few pips in my direction, then go against me if when I try holding them. Also my entries could use a lot of improvement. A mentor would be amazing, but getting one is easier said than done. If it's not too much to ask, do you know any legit ones?
@@melisapitts8587 I know of one man though, he is not a mentor per-se, but he is freakishly good at trading. From what I've gathered he used to work for a proprietary firm till he retired. Met him at one of those conferences, got to know him and we exchanged emails. Since he helped me, I've been making about $1000 bi-weekly. What I'm trying to say is the 5% of traders in the world that are consistently profitable are not on RU-vid, they are just random/lowkey people no one even expects . His name is robert hary by the way.
@@hamiltontimothy2511 I think I have seen this name on a trading forum before, on discord one time, is he really that good ? And how may I contact him if that isn't too much to ask.
In case some have not figured it out.... It's a zero sum game. It's not a us vs them. It's each of you against each other. If you ever do find an edge, you would be a total idiot to talk to others about it.
There is a person in Jack Scwager's Stock Market Wizards book (3rd interview I think) who usually trades only 50-80% of his account and at max has gone 130%. Although I do not see any problem with leverage 3x to 4x is healthy towards success
Pretty useless episode. In short, Bob said there are only two ways to make money as a traider. You either have to be a math genius using mathematical inefficiencies (like him) or a prop trader using insider-ish trades.
i think its very simple what hes saying, hes saying that it doesnt matter if it goees up or down what mater is that it moves, because the leverage ets charges you, even if the etf doesnt move. much like decay on an option. i could be worng bu thats what i understood.