The Market is an Opportunity Machine w/ Shadow Trader: Peter Reznicek | SPECULATORS PODCAST EP 46
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Published 2024-05-03
✅ 40% OFF ANY EVALUATION: go.tradacc.com/getfunded-elitetrader [Exclusive Discount Code: ETFKORBS]
Join us in this insightful conversation with 20+ year active trading veteran: Peter Reznicek aka Shadow Trader. This is Peter's 2nd appearance on the Speculators Podcast and it's been a pleasure both times because he has an incredible amount of wisdom & experience to share. Our first conversation covered more of his background and personal trading approach/methodology. So with that already covered, this time it allowed us to dive deeper into critical topics like patience & discipline, probabilistic-thinking, managing downside risk, and limitations of technical analysis. Kick back, relax, and enjoy the conversation with me and Shadow Trader in episode 46 of the Speculators Podcast.
➡️ Where You Can Find Peter Reznicek
YouTube: @therealshadowtrader
Website: go.tradacc.com/ShadowTrader [Exclusive 10% Discount Code: SP10]
1st Speculators Podcast Appearance: • Shedding Light on ShadowTrader Founde...
✅ Get Funded & Create Your Freedom Lifestyle Trading Business: go.tradacc.com/call
HERE'S WHAT WE COVER:
0:00 Introduction to Peter Reznicek
5:08 Overcoming Market Anxiety for New Traders
9:39 How to Refine Your Trading Edge: Advice for Veterans
11:41 Avoiding Common Trading Pitfalls During Live Sessions
15:08 Mastering Loss Management
18:00 Avoiding Contrarian Pitfalls in Trading
20:45 Recovering from a Major Trading Loss
22:47 Importance of Record Keeping
25:50 Aligning Trades with Market Conditions
30:18 How to Identify the Right Time to Exit a Trade
32:39 Trading Patiently in Low Confidence Markets
36:22 Harsh Realities of Trading: The Difference Between Risk and Edge
39:52 Focusing on Profit Rather Than Just Winning
43:54 Balancing Risk and Reward
47:54 Why a Need for Certainty Can Hinder Success
50:34 The Importance of Specific Advice in Trading
WHO IS KORBS
My name is Aaron Korbs and I'm a professional intraday Futures Trader specializing in Auction Market Theory, Volume Profile & Order Flow.
I'm also the founder of Tradacc.com. Tradacc is a trading education, training, and mentorship platform where I help traders leverage institutional capital using my volume profile methodology through courses like Volume Profile Formula™, Funding Accelerator™ & Profile Method™.
I typically work with people that want to create a reliable online side hustle or that would like to turn trading into their main profession.
go.tradacc.com/m/korbs
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Happy Trading & Watch Your Risk
- Korbs
Risk Disclaimer: go.tradacc.com/Risk
#ShadowTrader #PeterReznicek #WeeklyOptionsAdvisory #SpeculatorsPodcast
All Comments (21)
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Great interview Korbs! Thank you
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ty Korbs! totally enjoyed the conversation; took the notes i needed to hear and take.Have a great week🥰. keep well🙏
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This was wonderful. Such great questions, and genuine thoughtful responses. I loved the first podcast you guys did together, and this one was top notch too. Looking forward to the next pod.
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I bookmarking and watching this over and over again. At least once a week.
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Best one thus far Korbs 👌 thank you for making this happen 🙏
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Peter is a goat trader period
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Amazing chemistry together, I do hope you two can have even more conversation on all topics trading.
I’ve been member at shadow trader since last few years and it’s truly a gift to see Peter trade live. He’s absolutely the best person to learn various nuances on options trading and super humble and approachable with great sense of humor. -
Thanks for putting these on Spotify too. Great interview.
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yuuuuup. awesome and great trading advice. u need to get to the point where u know in ur heart that u will follow ur plan. once that is there then u can collect the correct data which will help going forward in the correct direction
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Great episode Korbs.
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Good question. Im the guy from question 2. I have a great feel for the auction and a system in place but before I know if im back to scalping every little move, getting chopped to pieces.
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Awesome content Korbs. Keep it up
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Great interview and great fart at 20:44
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Thanks Korbs and Peter!
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A big part of psychology is when you cut a loss then it runs in your favor and you miss it. That can wreak havoc on your psychology. Or when you exit and take profits but the stock keeps going. It sets you up for the next bad hold for too long. You have to learn you won’t be perfect to exit at the top and that’s ok. It’s my biggest challenge.
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I was just telling my dad yesterday that he has to write everything down and collect as much data on himself and the market as possible. I’ve been telling him that for the last year but he won’t take any advice I give him. He’s down like 80% in his account. He hasn’t learned anything in that time and cost. When I started trading and a trade didn’t work, I say it was a $50 lesson to learn…
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5:40 I’m going through that right now but I don’t at all feel like the market is out to get me. I feel like I just need to work on my entries and exits, stop hesitation when it’s a clear trade and don’t jump in and be impatient when it’s not clear but I just missed a beautiful trade so now I’m forcing one. It’s all me. The market wants me to make money. It gives great opportunities every day
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Get Jim Dalton on please!!!
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sound like the questions you were asking were about yourself
