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Trader Talk with Greg Weitzman

Site Administrator | August 11, 2011

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We just wrapped up our second session of Trader Talk where we were joined by Greg Weitzman of TheTradingZone.com. Greg was kind enough to share with us about how he got started in trading and the struggles he went through in trying to find help while he learned how to trade. After trading successfully for a year he decided to trade fulltime. One thing he noticed in his trading is that he would trade well in the morning but give money back in the afternoon. This is something many traders face and the answer is to trade when the market is paying and stay out during times where the odds are not so high. As far as the current market volatility goes, his advice was to trade for yourself - it does not matter what anyone else is doing, focus on your own trade and your own account. It is important to have the same discipline in the market, find one or two patterns you recognize and have confidence in and take those trades. Do not get caught up in how much the market is moving but focus on the best opportunities that are presented and what fits in with your trading plan.

In addition to this, Greg shared how he prepares for his trading day, common characteristics of a successful trader and the types of things he looks for before taking a trade. If you would like to hear the recording please check out our Premium Pub Section!


Cheers,

The TradingPub

"Trade, Talk, Learn- Cheers to Success!"

 

Disclaimer: Article intended for traders and not English majors. Disregard any misplaced commas.

 

 We just wrapped up our second session of Trader Talk where we were joined by Greg Weitzman of TheTradingZone.com. Greg was kind enough to share with us about how he got started in trading and the struggles he went through in trying to find help while he learned how to trade. After trading successfully for a year he decided to trade fulltime. One thing he noticed in his trading is that he would trade well in the morning but give money back in the afternoon. This is something many traders face and the answer is to trade when the market is paying and stay out during times where the odds are not so high. As far as the current market volatility goes, his advice was to trade for yourself - it does not matter what anyone else is doing, focus on your own trade and your own account. It is important to have the same discipline in the market, find one or two patterns you recognize and have confidence in and take those trades. Do not get caught up in how much the market is moving but focus on the best opportunities that are presented and what fits in with your trading plan.

In addition to this, Greg shared how he prepares for his trading day, common characteristics of a successful trader and the types of things he looks for before taking a trade. If you would like to hear the recording please check out our Premium Pub Section!


Cheers,

The TradingPub

"Trade, Talk, Learn- Cheers to Success!"

 

Disclaimer: Article intended for traders and not English majors. Disregard any misplaced commas.