10 episodes

Trading education and mentoring on the path to a six-figure trading income. Learn to trade without making it complicated.

Six-Figure Trading Pete Renzulli

    • Investing
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Trading education and mentoring on the path to a six-figure trading income. Learn to trade without making it complicated.

    The Fastest Path to Trading Success

    The Fastest Path to Trading Success

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    Professionals try to make money over time, over many trades. It's foolish to believe every trade will and should be profitable. The best part? You don't need each trade to win to be successful. I teach "10 Perfect Trades" because it's easy to judge yourself and your edge over 10 trades. It's easy to know if you traded well.If you're afraid to trade, or lose money, it's because you don't believe your edge works.Think about it, if you knew for every 10 perfect trades you make, you will come out on top... all you need to do is make good trades and manage them well... you would never hesitate or be afraid... BECAUSE THE OUTCOME is certain... the odds are in your favor.The problem for most is they don't have an edge, and if they do, they don't follow it. So essentially We mess up a good thing. I can tell you from experience, once you have an edge, trading is easy. There really is no stress because it's not on your shoulders anymore.You let your edge do the work, your job is to manage risk and the trade.

    • 51 min
    The Magic of Ten Perfect Trades | Episode 12

    The Magic of Ten Perfect Trades | Episode 12

    SIX-FIGURE TRADING | PODCAST















    If you’re a trader who always feels close, but can’t push through to profitability, today’s episode is for you.You may feel like “I know everything but I can’t make a dime. It always seems like I take three steps forward and two steps back.” If you’re tired of this conversation, if you’re tired of looking for the next shiny tactic, if you’re ready to understand WHY you can’t get beyond break-even, today you get your answer.You don’t need to learn something new. You need to understand simple math and how it only takes ten trades to see the path to success.Learn the powerful magic of ten perfect trades.Click to image to zoom.



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    • 11 min
    Trade More to Make More | Podcast Episode 11

    Trade More to Make More | Podcast Episode 11

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    When Trading Often- Means You’re Trading Well…Most of us hear the wisdom “be disciplined…”It’s usually spit out from a burnt out trader trying to salvage the last $1,000 in their account. Today we discuss why it’s bad advice, or I should say, it’s misinterpreted advice.In today’s podcast we reveal why trading more, and how to properly trade more, actually moves you closer to profitability, faster. Your goal is to validate your strategy, then trade the hell out of it.The problem for most of us, at the beginning, is we don’t make the distinction between trading “everything” versus only taking trades that match our strategy. The problem with the second scenario is most traders don’t have a strategy, so let’s make that step #1. Develop a strategy to test.What Does Trading Discipline Mean?Being disciplined and following your plan does not mean that you should be trading less, it means that you should only be trading ideas that match your strategy. It actually means that you should execute every trade within the context of your edge.For arguments sake let’s say I am trading five popular stocks and each of them match my criteria to be long and let’s say now the market opens.Let’s say the criteria is at 9:40 am, whichever stocks are above the opening price and net positive I am immediately buying with a stop loss at today’s low. That is a rather simple strategy but the point I want to make is that if all five stocks trigger and match your strategy, you should buy all five.I can’t explain that more clearly…Over-Trading versus Flawlessly Trading Your StrategyLet’s take out of the equation how much buying power or capital you have allocated to your trading account. That is not the point of this lesson, we are talking about the global probabilities of allowing your edge to play out over time, over as many good trades as possible and as fast as possible.I can see how that word fast implies over-trading but here is the key point- it’s not over-trading if every trade matches your strategy.That is the point, that is exactly what most traders never learn.Too many traders mistakenly believe if they take every trade that matches their strategy, that they’re over trading, I am telling you that is not the case. In today’s podcast we discuss the exact steps to identify an edge, and what it means to execute it flawlessly.







    Trade More to Make More | Podcast Episode 11Read More 











    Trading Mindset | The Winning EdgeRead More 













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    • 6 min
    Stock Trading Profits How to Earn More | Podcast Episode 10

    Stock Trading Profits How to Earn More | Podcast Episode 10

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    Stock Trading Profits How to Earn MoreA common debate that we have in the pre-market game plan meeting is whether or not to trade a stock in a trading range.My goal as the mentor, is to improve stock trading profits and to foster a healthy discussion about the quality of the trade scenario. A secondary goal is to do this without discouraging a trader from presenting their ideas.This balance of mentor and tough love isn’t easy.The stock in question, is usually a favorite of the trader. I always bring the debate back to the question, “is that your best opportunity right now?”The trader wants to build a case to bid support and short-sell resistance.An argument is made because there is an obvious reference point to manage risk.A trader with this misguided thought process will find it hard to be successful. The difference between a high probability trade and well defined risk cannot be overstated.Let’s first define high probability trade: in its simplest form, it is the odds of a profit target being achieved versus your stop loss being hit. Compare this definition to a trade justified, solely by defining risk.Profitable traders define and accept risk in exchange for profit potential. This means, you believe the profit will be earned in exchange for accepting that risk. Defining that profit potential, by identifying institutional order flow, is the goal of today’s podcast.The best traders take this discussion deeper with a list of criteria that confirms or reduces the conviction level of the trading idea. To struggling traders, each stock pick has equal conviction.This is why, at best, they are break-even traders. To them, each trade is the same.How to Improve Stock Trading Profits Without Extra RiskA drop-dead simple method to define profit potential, is proper use of the weekly candlestick charts. Notice we are defining profit potential, not simply a profit target.The profit potential of a stock trade is directly affected by the big money. Expressed in trading terminology, the stock is trending.Today’s podcast and trading video provides a framework that quickly identifies a stocks profit potential. The method we describe using weekly candlestick charts gives you a clear structure for price action. Once you grasp the genius in its simplicity, you instantly reduce bad trades.The chart discussed in the podcast and video, is a perfect illustration for you to print, and hang in your office. Order flow is either obvious, or it’s not there. If you are struggling, if your trade results seem random, you are likely trading stocks without order flow.Download today’s podcast, watch the video and start tracking order flow from week to week.Podcast Resources:* The Only 4 Chart Points you Need to Double Your Winning Trades.* Pre-Market Game Plan* Candlestick Patterns that keep you in sync with the big money.* Podcast Video







    Trading Lessons During Extreme Volatility | PodcastRead More 











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    • 17 min
    Profitable Trading Beliefs for Success | Episode 9-Trading Podcast

    Profitable Trading Beliefs for Success | Episode 9-Trading Podcast

    SIX-FIGURE TRADING | PODCAST















    I didn’t really learn how to trade the first year and a half in the business..We were doing nothing but adding liquidity on the ECN. That style really wasn’t trading. There wasn’t a need for profitable trading beliefs because we weren’t trading.After that I was in the proprietary trading world for 14 years. That was my entire career. It’s also when I got started managing traders.The experience managing new traders, and seeing the struggles, is why I’m so passionate about what it takes to succeed. I know I can help you because I’ve done it for probably, over 1000 traders over the years.“If you listen, there’s a clear path to trading success.It’s just that the problem traders have… and again, I will not be shy about what I went through, I went through this when I first started trading too, is you feel as if you put everything you have into being a trader, yet you had this mental time-frame to succeed. That conversation in our head goes something like this…“I need to learn trading in three months, or I need to learn before my money runs out because I don’t want to get a real job.”That’s putting yourself in a tough position, and it is a desperate position, Desperate situations filled with pressure to perform, without the skills, are really hard to trade.You’re starting in a really tough position if you need to make money. You force each trade to make money, you expect it. But at the same time, you’re admitting that the way to make money, is to allow probabilities to play themselves out over time.Those two concepts are fighting each other from the beginning. You understand that you need to make “x” amount of trades, but you think, “I need to make money on each trade,” so you’re your literally fighting all the time. You are fighting what you need, against what you know works.Profitable Trading Beliefs Needed to Make MoneyThe way for a new/struggling trader to get around this dilemma, is to believe, “Okay, I need to earn money, but I don’t need to make money on every trade.”I need to make money this month, not every day. This mindset, takes the pressure off of needing, wanting and expecting, every trade to make money.Your thought process shifts to… “If I make four trade per day, I’m going to make 80 trades this month, so out of the 80 trades, I need the probabilities to play out over the 80.”So now, you don’t put as much pressure on trade-by-trade results. We don’t know which of the 80 trades will pay us or which will be losers. But if we manage risk, and follow our plan, we should be in good shape after the 80.I found that when I teach traders this concept, it helps talented, but frustrated traders turn the corner. Now they’re thinking for the month, and not judging their edge by individual trades.This mindset shift makes it easier to do what we’re supposed to do, in order to earn a consistent six-figures and beyond.







    Trading Challenge: Improve Your Trading in 7 Days | EP 5Read More 











    Trading Mindset | The Winning EdgeRead More 

    • 8 min
    How to Aggressively Trade Your Edge | Episode 8 | Trading Podcast

    How to Aggressively Trade Your Edge | Episode 8 | Trading Podcast

    SIX-FIGURE TRADING | PODCAST















    Why Trading With Discipline is Not a Super-PowerIdentifying new trading opportunities isn’t magic. Trading your strategy is simple…if you have one! I’m not smarter than anybody, I want to help you understand how to put those pieces together.As a team we are doing a great job of discussing order flow, then momentum, then reading the tape over the last 3 to 6 days, and then you add room-to-go. (profit potential)So you have all of that criteria, and then you drop down to your intraday time frames. Only then do you ask which stocks right now match my higher time frames, and which ones are currently giving me a good risk spot otherwise known as acceptable risk which is relative to each of us.And then you take the trade, only after all of that criteria lines up.A conversation that keeps repeating in the coaching calls, is the distinction between being disciplined and trading your strategy. The trader usually believes it means you should trade less.I can absolutely understand why that might be the thought process, but I also want to explain why that is 100% the wrong idea.What Does Trading Discipline Mean?Being disciplined and following your plan does not mean that you should be trading less, it means that you should only be trading ideas that match your strategy. It actually means that you should execute every trade within the context of your edge.For arguments sake let’s say I am trading five popular stocks and each of them match my criteria to be long and let’s say now the market opens.Let’s say the criteria is at 9:40 am, whichever stocks are above the opening price and net positive I am immediately buying with a stop loss at today’s low. That is a rather simple strategy but the point I want to make is that if all five stocks trigger and match your strategy, you should buy all five.I can’t explain that more clearly…Over-Trading versus Trading Your StrategyLet’s take out of the equation how much buying power or capital you have allocated to your trading account. That is not the point of this lesson, we are talking about the global probabilities of allowing your edge to play out over time, over as many good trades as possible and as fast as possible.I can see how that word fast implies over-trading but here is the key point- it’s not over-trading if every trade matches your strategy.That is the point, that is exactly what most traders never learn.Too many traders mistakenly believe if they take every trade that matches their strategy, that they’re over trading, I am telling you that is not the case. In today’s podcast we discuss the exact steps to identify an edge, and what it means to execute it flawlessly.









    The Magic of Ten Perfect Trades | Episode 12Read More 











    Trade More to Make More | Podcast Episode 11Read More 















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    • 13 min

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