After a successful professional career in the Hollywood film industry as a former gambler, poker player and professor of statistics, Vincent Bruzzese (a.k.a. Hari Seldon of the Real Day Trading group) brings his poker skills and expertise to statistics. incorporated into predictive modeling. He entered the world of trading with the goal of understanding human behavior and finding an edge.
But after blowing up his account so many times, he needed to go back to the drawing board and hone his trading skills, mindset and discipline to become a high odds trader. Vincent is an advocate for small traders, sharing a more holistic and contextual approach to markets, with a focus on tracking funds that has led to his consistency in his day trading. .
Disclaimer
Trading in financial markets involves the risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
Topic and Timestamp:
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- 0:00 background
- 3:35 Early experience with gambling
- 7:00 What is the gambler’s mentality?
- 10:55 Overcome the gambler mentality
- 13:25 Can retail traders beat the market?
- 16:40 Most of the trading community are scammers
- 18:40 how did he blow up the account
- 20:45 Mindset is the biggest challenge.2 years to learn
- 23:40 Turn trading losses into profits
- 27:45 Why is now the hardest market to trade
- 32:50 What will it take to get the market back on trend?
- 36:10 what he wants in long or short
- 37:55 Transactions with Algoline and institutional involvement
- 41:05 All support and resistance lines are equal, but some are more equal than others
- 45:00 Don’t base strategy decisions on backtesting
- 46:25 I don’t like risk management and stop loss.
- 52:10 Motivation for creating a Real Day Trading group
- 56:50 Helping Smaller Traders with High Probability Trading
- 61:28 What he struggles with the most
- 65:55 Traveled to Kansas to see the tornado
- 67:30 How to contact Vincent
Vincent Brousze