"Never Fade an Up Candle" - Roundtable

Vanta Trading’s Baba Yaga and Perdue join in this week’s roundtable to tackle some topics sent in to us via the Discord (Thank you Eraser4Paper and Dominic!). Those topics lead to a conversation covering topics such as managing profitable accounts, dealing with winning streaks, and the importance of having a systematic approach to withdrawing profits. They discuss the idea of taking out half of the profits every two weeks to slow down account growth and maintain a healthy mindset. They also emphasize the importance of celebrating victories and realizing the money in some way. Additionally, they discuss the concept of having a system for bet sizing and not immediately increasing position size after a winning streak. They suggest having a sufficient bankroll before stepping up in stakes. In the second half, the hosts address the issue of putting on size too early and getting forced out for a loss, and provide insights on managing trades and position sizing. They suggest analyzing the reasons behind puking a trade and re-entering with smaller size, and offer advice on fading moves and transitioning from defense to offense. They conclude by encouraging listeners to ask questions for future episodes, which you can do by sending them in here!

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!

For anyone trading futures, check out Vantatrading.com. Founded by Mr. W Banks and Baba Yaga, they provide a ton of educational content with the focus of teaching aspiring traders how to build a repeatable, profitable process. You can find our exclusive affiliate link/discount code for Vanta ‘s subscription in our free discord server as well!

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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 nonprofits to real estate firms and everything in between. He focuses on market structure through the lens of TPO charting