Recently I had a chance to catch up with Jack Pelzer and Dan Hodgman of Limit Up where we talked about all things trading psychology. You can find additional episodes of their podcast here. It was actually wonderfully refreshing to sit down and talk to two younger traders who were not obsessed with the prospect of day trading and getting rich by next Friday afternoon.
Time Stamps –
(02:03) – Market Reaction
(04:45) – Interview with Chris Tate
(08:57) – The common thread
(12:32) – Pride goeth before a fall
(18:53) – Money management
(32:06) – Components of a trading plan
(39:25) – Recency bias
(43:28) – Be a student of markets
