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138: How To Succeed At Trading For A Living (@stocktcm)

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How To Succeed At Trading For A Living Video

How To Succeed At Trading For A Living

In episode 138 of the Desire To Trade Podcast, I interview full-time trader Moritz Czubatinski exploring the topic of how to succeed at trading for a living.

Moritz has been trading for quite some time. He founded Tradeciety and Edgewonk (a pretty cool trading software) together with his business partner Rolf.

Moritz has lived in Asia for 7 years and moved back to Germany to run his businesses. He has also been a day trader and is right now transitioning to swing trading and position trading.

In this podcast, Moritz talks a little bit more about his tactics and some of the uncommon ways that are used to become a profitable trader and to continue growing.

Watch the video interview!

Topics Covered In This Episode

  • What he’s doing in Europe these days 2:50
  • Living in Asia and trading or working while there 3:58
  • His favorite trading and non-trading books 5:10
  • What helped him most to become a profitable trader and trade full-time 6:50
  • What needs to be on your to-do list if you’re a beginning trader 8:57
  • How he became profitable and the things he did 10:38
  • His review process 12:53
  • What he will tell people to do when everything seems to go wrong 14:20
  • Thinking in terms of time 16:27
  • Transitioning from day trading to swing trading 18:31
  • His best tip for people who don’t have a strategy 19:54
  • How he handles drawdown 22:30
  • What his ideal setup is 24:02
  • Trading with single or many strategies/systems 26:07
  • Using volume in stocks 29:08
  • His productivity techniques 30:10
  • Scheduling his trading time 32:43
  • His entry system and recommended timeframe for new or aspiring traders 34:39
  • Studying to become better 35:47
  • Things that he keeps doing to move forward 37:13
  • Accounts he started with 40:20
  • What people have to learn about 41:34
  • Scenario optimizer/tester in Edgewonk and other features 43:56
  • His educational background 48:56
  • Best and worst parts of the forex trader lifestyle 50:02
  • His thoughts on hedging 50:51
  • Different job fields one can take in trading 53:19

Resources Mentioned

Edgewonk promotion

DesireToTRADE Top Resources

How To Find Moritz Czubatinski?

What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!