Real Genius Trading Advice From Pros: 10 Interviews Summarized

00:00 - hello Traders welcome back to Comm row today we're bringing you something truly special we went on a mission to find the most valuable interviews with professional Traders those who have
00:10 - genuinely built their success through trading and no we're not talking about social media influencers who claim they bought a mansion last week by trading stocks on their phone during a 5-minute
00:18 - coffee break we're talking about real accomplished Traders who've earned Millions even hundreds of millions by honing their skills in the Market at Conrow we're passionate about learning
00:28 - from the best to help you level up your trading game so we dug through countless interviews handpicking the moments packed with actionable insights and advice that can make a real difference
00:37 - in your own trading and let's be real it took some work these interviews were hours long so we condensed the best parts to bring you maximum value in the shortest time possible quick hint there
00:47 - are some true gems ahead now while we're thrilled to share these highlights with you we also believe knowledge is Limitless we recommend checking out the full interviews whenever you can because
00:56 - in trading there's no such thing as knowing too much please be sure to explore other videos in this series and visit our website for more resources after this important message we'll get
01:06 - right into it stay tuned you won't want to miss it hey Traders if you're looking to level up your trading game give this video a thumbs up subscribe to the channel and hit that notification Bell
01:18 - so you never miss an update before we dive in we highly recommend checking out our playlists on trading psychology and risk management these videos can significantly help you manage emotions
01:29 - maintain dis discipline and develop effective risk management strategies key elements for achieving profitability in trading please listen and remember no amount of study to find the perfect
01:40 - trading strategy will benefit you if you lack emotional control during your trades if you cannot accept a losing trade and keep moving your stop loss or Worse trade without a stop loss you are
01:52 - setting yourself up for failure the efficiency of your strategy is directly tied to your risk management and emotional discipline only when a trade understands and implements this can they
02:02 - start seeing consistent profits and end their months in the green without these critical elements even the best strategies will crumble under poor execution and emotional decision-making
02:13 - now let's get started so let's Dive Right into our first interview with Charlie Burton honestly there's no better way to kick off this video most people are under
02:25 - capitalized they're trading with a few hundred or £1,000 in an account if you're try trying to make even 10% or 5% a month on that it's boring because it's such a small amount of cash and for a
02:35 - lot of people they are under capitalized in terms it's brilliant exactly but and that's why they have to set more realistic expectations too many Traders out there have unrealistic expectations
02:45 - they think they're going to turn turn a 100% a month in I had literally had someone email me uh just a month ago who had £10,000 in an account and he wanted to make be making £10,000 a month as an
02:55 - income on that it's just crazy Charlie made some fantastic points that we at Comm grow thinks that the perfect foundation for this discussion like him we received tons of messages that go
03:04 - something like this hey comro it's Peter I have $7 in my trading account can you teach me how to turn that $7 into a Lamborghini within 72 hours thanks so much love Peter now don't get us wrong
03:16 - we're not here to judge Peter plenty of people start their trading Journey with the same mindset many new Traders Focus solely on the money hoping to make fast profits but if your only goal is Quick
03:26 - Cash you're setting yourself up for failure Charlie highlighted a crucial point successful trading is about thinking in terms of percentages not dollar amounts sure a 10% return on $7
03:37 - is just7 but in percentage terms that gain is substantial when you start focusing on study consistent percentage gains you'll be on a path to real sustainable growth it's this shift in
03:48 - perspective that truly sets successful Traders apart and Charlie's Insight is a GameChanger our next interview is with Al Brooks and I have to say this one really stood out Al offers a fresh and
03:59 - honest perspective on how to approach the market especially as a beginner Trader his advice is a grounding reminder that while trading can be rewarding it's also a skill that
04:07 - requires patience discipline and a strong mindset for those just starting out Al's insights provide an invaluable road map to developing realistic expectations and solid fundamentals
04:18 - anyone starting trading is going to lose money for several years you know you're looking for a career that pays a lot of money everyone trading wants to make a lot of money you're competing against
04:28 - extremely smart people and it's a essentially a zero sum game so you're trying to take money from really really smart people who are trying to take money from you and when you start out
04:37 - they're going to win you're going to lose money but if you if you have the discipline and you're careful and you learn how to be objective and you try not to be greedy use stops use profit
04:48 - targets um I believe it's a it's something that you can do but I would start really small and I I would be very humble and work very hard on uh discipline and expect to lose for
04:58 - several years als's perspective on trading as a competitive game truly drives home an important point in order to make money someone else has to lose it so as a beginner can you
05:09 - realistically expect to outperform seasoned professionals right away probably not Al emphasizes the importance of being humble disciplined and prepared to lose at first He
05:18 - suggests starting small using stops setting profit targets and above all embracing the learning curve that's why I'll also recommend starting with paper trading practicing with simulated funds
05:29 - allows you to build essential skills learn the Market's rhythms and grow from your mistakes all without the Financial Risk this approach is a strong foundation for anyone new to trading
05:38 - helping you cultivate the mindset needed for long-term success all right our next interview is with Larry Williams a true expert when it comes to Market timing Larry's here to share insights on the
05:48 - best times to enter the market and trust us he knows his stuff his approach highlights how timing isn't just important it's essential for Effective trading stock prices on a daily basis or
05:59 - commodity price prices are you shaped what do I mean by that well here's an example in the morning in Los Angeles there's a lot of traffic on the freeways or in any major city then in the
06:08 - afternoon not much traffic at the end of the day there's a lot of traffic again that's exactly how the markets trade each and every day there's a lot of volatility early in the morning after
06:17 - market opens no volatility and then at the end of the day we pick up volatility again so the best breakout trades the best trend trades will come early in the morning and after that afternoon session
06:27 - is done that's The Sweet Spot of the market I mean after all as a short-term Trader you need big movement and the best time for the large movement to occur is right when the markets open and
06:36 - again shortly before they close it's you shape trade these parts of the U not this part you become a better day trader Larry's perspective on The Daily Rhythm of the market is straightforward yet
06:46 - powerful he describes it as a U-shaped pattern each trading day starts with high volatility R after the Market opens slows down around midday and then ramps up again as it nears closing time in
06:57 - other words the best trend trades often occur in the morning and late afternoon when volatility Peaks while the midday low is usually better left alone if you know anything about trading you know
07:07 - that volatility is your friend trying to trade during those quiet periods can be challenging and often unproductive timing truly matters and Larry's advice here offers a smart strategic approach
07:17 - today trading great Insight Larry our next interview is with Brett steam Barger who dives into one of the most common psychological mistakes Traders make Brett's insights reveal just how
07:26 - essential it is to approach trading with the right mindset say two self-destructive behaviors come to mind immediately the first I would call trading addiction people can be addicted
07:37 - to trading just like they can be addicted to gambling and for much of the same reason not everyone trades to make money some people are trading for Thrills and excitement and those people
07:48 - do get in their own way so trading is really a business people need to think about it as a business it's not like going to Vegas and sort of you know betting the moon on on at the crap
07:59 - stable that's a very good point and much of the money that's made in trading is by being patient and waiting for your Edge waiting for your opportunity if you have the need for Thrills you won't have
08:10 - that patience you won't wait for your opportunity and you get in your own way this interview drives home an essential truth trading isn't gambling Brett highlights two self-destructive
08:20 - behaviors that can derail a Trader's success with trading addiction being one of the most common like gambling some people trade for the thrill rather than the goal of consistent profits which
08:29 - often leads them to make impulsive decisions trading should be treated like a business it's about patience and waiting for the right opportunities if you're only seeking excitement you're
08:38 - likely to miss those key setups Brett's message here is invaluable successful trading is about aiming for steady consistent progress not quick throws sure it might not sound as exhilarating
08:48 - as high-risk bets but adopting this disciplined approach can transform your trading game entirely our next speaker is Mark Douglas who breaks down how to develop an edge in trading his advice
08:58 - center is around building a reliable approach that removes fear and Embraces probability based thinking you're going to have to learn an edge you're going to have to acquire a trading methodology
09:08 - that gives you an edge I'm defining an edge is that there's a higher probability of one thing happening over another that's what an edge is and you're we're going to learn the nature
09:16 - of probabilities here in a moment you're going to have to have have a plan on how do you how you utilize that edge meaning what the risk is position size and profit objectives then you're going to
09:25 - have to be able to execute you're going to have to get to the point where you can execute that edge without making errors for you to be able to execute that edge without making errors you're
09:32 - going to have to learn how to trade from a Carefree State of Mind meaning you're going to have to Aspire to the point where you can trade without fear and to trade without fear you're going to have
09:39 - to learn how to think in probabilities Mark shared some incredibly valuable insights here so many people tend to over complicate trading but at its core success boils down to one thing finding
09:50 - a pattern or a setup with a higher probability of success your Edge once you identify that edge the next step is creating a detailed step-by-step plan to trade around it and committing to follow
09:60 - that plan without deviation Mark emphasizes the importance of being able to execute this Edge without errors which requires a Carefree State of Mind this mindset enables you to trade
10:09 - without fear focusing solely on probabilities rather than outcomes once you've got this machine running smoothly it's all about maintaining consistency and with that the profits will naturally
10:19 - follow next we're diving into an interview with Brett steenbarger where he discusses two specific behaviors that can interfere with your trading success Brett's insights reveal how our personal
10:28 - Tendencies can deeply impact our performance in the markets what are the situations that typically set you off in trading most of the problem behaviors are problems as the result of under
10:45 - control or overcontrol undercontrolled behavior would be trading impulsively I suddenly forget about my position limits and I'm trading much larger size than I should be I'm suddenly not honoring my
11:00 - stops I know I shouldn't be adding to a losing position but I keep finding myself doing that that's an undercontrolled Behavior the opposite would be an overcontrolled behavior I'm
11:11 - so anxious I can't pull the trigger and make the trade my system told me that I was supposed to go long in the morning and I just sat there and watched the whole damn thing go up and up and up and
11:23 - up that's an overcontrolled behavior in this interview Brett highlights what might be one of the most valuable truths in trading the market is like a mirror reflecting and amplifying your character
11:34 - if you're impulsive the market will magnify that if you're overly cautious or a perfectionist it will bring that to the Forefront Brett describes these Tendencies as undercontrolled and
11:44 - overcontrolled behaviors whether it's trading impulsively or being so anxious that you can't pull the trigger you've probably seen it before someone who does incredibly well on a demo account making
11:54 - millions and feeling on top of the world but the second they start trading with real money Everything Changes in my opinion trading is 90% psychology and unfortunately many new Traders
12:05 - Overlook just how critical this aspect is to Lasting success our next interview is with season Trader Linda rashki who underscores the vital role of preparation in trading Linda's insights
12:15 - are a powerful reminder that a clear plan and well-defined Edge can make all the difference in managing both your trades and your emotions first off during the trading day the number one
12:24 - rule you have to keep in mind is the less amount of decisions that you can make make during the trading day in other words the more things that you have thought out before that day opens
12:35 - the better off you are you don't want to be having to make multiple decisions during the trading Daye so very first off the bat you must have your unit size predetermined are you trading five lots
12:46 - are you trading 10 lots are you trading two contracts so forth I firmly believe in deciding on your unit size and keeping an even bet size because I don't know in advance which the good trades
12:57 - are and which the bad trades are and in very ably if I start doing a two lot where it's scariest that'll be the winner and if I do a 10 lot where it looks like it's a slam dunk that's going
13:07 - to be the loser Linda's perspective centers around reducing the number of decisions made during the trading day itself her number one rule is simple yet crucial the more you can prepare before
13:16 - the Market opens the better for example having your unit size predetermined whether it's two contracts five Lots or 10 helps maintain consistency and control Linda also stresses the
13:27 - importance of keeping your bed size even as there's no way to predict in advance which trades will turn out to be winners or losers I really appreciate Linda's approach here and I couldn't agree more
13:37 - when trading live the goal is to minimize real-time decision-making because the more choices you make in the moment the easier it is for emotions to take over the solution is thorough
13:46 - preparation by planning everything before you even enter the trade you significantly increase your chances of success then all that's left is to stick to the plan you've already crafted
13:55 - simple effective and Incredibly powerful our next interview features Al Brooks who shares his thoughts on market news and whether Traders should even follow it Al's perspective challenges
14:05 - conventional thinking and offers a unique approach to understanding Market information to me news uh has no benefit uh to trading it's entirely baked into the price charts and you know if you see
14:17 - someone on the news that means the producer picked that person to be on the news and the producer picked that person uh among all the different choices the market always has people with opposite
14:27 - opinions that producer picked a person with one opinion there's someone equally smart with the ab absolute opposite opinion so if I'm watching the news I'm only getting half the story and I'm
14:36 - getting I'm getting a it's going to influence my decision making in a bad way so uh to me the news um you it's it's it's it's bad for a Trader Al's take it clear he sees no benefit in
14:48 - following the news for trading purposes he believes that news is entirely baked into the price charts by the time we hear a news story it's likely already reflected in the market and relying on
14:57 - it can actually hinder decision-making Al points out that the news only gives you half the picture often biased toward one opinion while someone equally informed May hold the opposite view I
15:07 - completely understand where Al is coming from here by the time you're reading a news article it's often already too late entering or exiting based on that news means you're likely reacting to a wave
15:16 - that's already passed his view that charts alone tell an unbiased story is intriguing and may even be controversial but it's certainly thought-provoking and worth considering next we're going to
15:26 - listen to an interview with Bill Amman if you're unfamiliar with him Amman manages billions of dollars in trades so he certainly knows what he's talking about in this interview he shares his
15:36 - perspective on the best way to learn about investing and understanding businesses the investing business you can learn by reading you know read everything waren Buffett's ever written
15:44 - watch every YouTube video he's ever appeared in uh that's a great way to learn about investing the way to really understand investing is to understand a business and one of the most important
15:53 - skills you need as an investor distinguishing between a great business a good business a fair business and a bad business and one way to get a sense of the quality of a businesses go to
16:01 - work for one so the recommendation I give to people graduating from Business Schools these days is this is the greatest time in in history to work for a startup lots of incredibly interesting
16:10 - businesses being formed if you can be one of the early employees you're going to learn a lot about how a business Works how to make payroll how to Market your product how to design something and
16:17 - those skills I think are invaluable first of all you might even find it really interesting you might have joined the next Facebook so that's one thing even if the business fails you learn a
16:24 - ton from that I think that's the best experience you can get ultimately to be a good fundamental investor Bill's advice is is refreshingly practical while reading and learning from experts
16:32 - like Warren Buffett is valuable the rayall insight into investing comes from understanding how a business operates he emphasizes the importance of being able to distinguish between great good fair
16:42 - and poor businesses a skill That's essential for any investor according to Bill one of the best ways to gain this knowledge is by working for a startup especially in its early stages this
16:52 - hands-on experience teaches you how to make payroll Market a product and build something from the ground up even if the business fails the lessons you gain are invaluable it really makes sense if you
17:02 - truly want to understand how investing works the best approach is to start from the ground up getting involved in the inner workings of businesses allows you to see firsthand how they function and
17:12 - don't shy away from struggling companies they can teach you just as much showing me what to look for when evaluating a business's Health solid advice from Bill the last interview is a special one I
17:21 - saved the best for last it's with none other than the king himself Warren Buffett in this segment Warren shares a powerful analogy that emphasizes the unique Advantage investors have but Ted
17:32 - Williams wrote a book called the science of hitting and in the science of hitting he's got a diagram shows him at the plate and he's got the strike zone divided into 77 squares each the size of
17:43 - a baseball and he says if I only swing at pitches in my sweet Zone which he shows there and he has what his batting average would be which is 400 if he had to swing at low outside pitches but
17:53 - still in the in the strike zone his average would be 230 he said the most important thing in hitting is waiting for the right pitch now he was at a disadvantage because if the count was 0
18:01 - and2 or 1 and two or so on even if that ball was down where he was only going to bat 230 he had to swing at it in investing there's no called strikes people can throw Microsoft at me and you
18:11 - know you name it any any stock General Motors uh and I don't have to swing and nobody's going to call me out on call strikes I only get a strike called if I swing it a pitch and miss so I can wait
18:22 - there and look at thousands of companies day after day and only when I see something I understand and when I like the price of which is selling then if I swing if I if I hit it fine if I miss it
18:33 - it's it's it's a strike but it's an enormously advantageous game and it's a terrible mistake to think you have to have an opinion on everything this interview might just be the most
18:42 - valuable one of all Warren explains that unlike a baseball player who has to swing at pitches within the strike zone investors have the freedom to wait for the perfect pitch in other words you
18:51 - don't need to take every opportunity that comes your way you can hold out until you find one that truly meets all your standards however many Traders don't use this Advantage choosing
18:60 - instead to swing at every pitch even those with lower potential Warren's advice here is both simple and profound patience is one of the greatest edges you can have in trading and fully
19:09 - embracing it can set you apart in the long run in conclusion each of these interviews has provided a unique perspective on what it takes to succeed in trading from understanding the
19:18 - importance of discipline and patience to focusing on consistent percentage gains rather than quick profits these professionals remind us that true Mastery comes from a well-rounded
19:27 - approach trading isn't just about technical skills it's about developing a resilient mindset respecting the market and recognizing the value of preparation as we've seen the journey to becoming a
19:37 - successful Trader isn't a quick one but with insights from Top professionals like these you're better equipped to make informed decisions and refine your strategies thank you for joining us in
19:46 - this lesson we hope these insights enhance your trading strategies see you in the next video I hope you enjoyed today's video if you found the content useful or fun
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20:16 - to continue bringing highquality content helping you make more informed decisions in the market thank you for watching and good luck on achieving excellent results in your trades