Podcast Episode Details
Back to Podcast Episodes
522: What It Takes To Stay A Consistently Profitable Trader - Dave Floyd
What It Takes To Stay A Consistently Profitable Trader
In episode 522 of the Desire To Trade Podcast, you will be listening to an interview with millionaire trader, Dave Floyd, discussing the intricacies of trading and fund management. They focus on the importance of tightening trading processes, understanding performance metrics, and the significance of experience in identifying high-quality trade setups. They explore the psychological aspects of trading, the role of journaling, and the use of custom tools to enhance trading effectiveness. This interview also touches on managing investor expectations and adapting trading strategies to varying market conditions, ultimately emphasizing the need for constant evaluation and improvement in trading practices.
The video is also available for you to watch on YouTube.
Topics Covered In This Episode- 00:00 Introduction
- 00:37 What’s new with Dave Floyd
- 01:52 Key learnings from managing a fund
- 04:34 The importance of process in trading
- 06:01 Dealing with investors
- 07:23 Risk management
- 10:03 Tightening the trading process
- 11:52 A+ trade setups and experience
- 16:30 The role of journaling in trading
- 20:19 Custom tools and technologies in trading
- 23:17 Pressure of managing other people's money
- 27:25 Adapting trading style to market conditions
- 28:51 Knowing when to exit
- 33:42 Managing trades effectively
- 36:25 Where to find Dave Floyd (link below)
What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!
Desire To Trade's Top Resources- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist
- One-Page Trading Plan (free template)
- Recommended brokers:
- Desire To TRADE Academy
- Get a copy of Prop Trading Secrets (Author: Kathy Lien & Etienne Crete)
-
- Subscribe via iTunes (take 2 seconds and leave the podcast a review!)
- Subscribe via Stitcher
- Subscribe via TuneIn
- Subscribe via Google Play
- See all podcast episodes
What one thing will you implement af
Published on 3 weeks ago