Episode Details
Back to Episodes
How Playing Poker Creates Trading Edge
Description
WATCH OUR LATEST EPISODES ON YOUTUBE - http://www.youtube.com/@TheOneLanceB
✅ Join my trading course ➡️: https://theonelanceb.com/
✅ Join Clear Street, my broker of choice: https://tinyurl.com/ClearSt-Lance
🐂PAID PARTNERSHIP: Clear Street LLC (member FINRA/SIPC) compensates me to promote its brokerage services. I am also a Clear Street customer. My experience may not be representative of other customers and is no guarantee of future performance or success. Not investment advice.
The world's top trading firms, including Jane Street, recruit poker players because the skills are identical. Today I’m comparing poker vs trading, and why expected value, position sizing, risk management, and making high-quality decisions with incomplete information are shared aspects of both. This was a fun one to make, and I hope all my poker players and traders enjoy it!
___________________________
📱Follow my socials:
X: https://x.com/TheOneLanceB
Insta: https://www.instagram.com/theonelanceb
___________________________
🎥 I suggest you watch these next:
What is Expected Value: https://youtu.be/F-ZktuFvk0E
My Trade Sizing Strategy: https://youtu.be/eDdpTNB04ws
___________________________
ABOUT ME
If you’re new to my channel, my name is Lance Breitstein. I spent over a decade trading equities at Trillium, setting the record for the highest PNL in a single year as their Top Trader. I trained dozens of traders to become successes while managing Trillium’s Chicago office. With over $100m in verified profits, I now spend my time focused on turning good traders into greats and greats into GOATs. Advisor to SMB Capital and mentor of 7- and 8-figure PER YEAR traders. I am to be profiled in the next edition of Jack Schwager’s Market Wizards.
The journey is never easy. Trading is one of the most difficult, but most rewarding jobs imaginable. I am here to help you on your path, wherever that leads you.
May you want it bad enough to overcome any obstacles.
-(The One) Lance B
___________________________
DISCLOSURE Information shared here is for educational purposes only. This is not investment or trading advice. Make your own independent decisions. Full terms: https://theonelanceb.com/terms-of-service/
Chapters:
00:00 Poker vs Trading
01:50 Expected Value
05:10 Patience
06:18 Trade Sizing
07:08 Controlling Your Emotions
#wallstreet #financialfreedom #tradingcoach #activetrader #marketprep #daytrading #trader #tradingpsychology #tradingmindset #tradingroutine #stocktrading #proptrade #tradingdiscipline #tradertips #tradinghabits #stockmarket #daytrader #tradinglife #tradingmotivation #tradereducation #tradingstrategy #tradingtips #learntotrade #tradingjournal #traderlifestyle #technicalanalysis #tradingedge