The Market is an Opportunity Machine w/ Shadow Trader: Peter Reznicek | SPECULATORS PODCAST EP 46
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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
KZfaq: @therealshadowtrader
Website: go.tradacc.com/ShadowTrader [Exclusive 10% Discount Code: SP10]
1st Speculators Podcast Appearance: • Shedding Light on Shad...
✅ 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
@korbstrading 14 күн бұрын
EPISODE SPONSOR → ELITE TRADER FUNDING ✅ Get 40% OFF Any Evaluation at Elite Trader Funding: go.tradacc.com/getfunded-elitetrader [Use Code: ETFKORBS]
@_Iamdmoney 15 күн бұрын
Peter is a goat trader period
@korbstrading 8 күн бұрын
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@jessewight 9 күн бұрын
Great interview Korbs! Thank you
@korbstrading 8 күн бұрын
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@mirmir9806 12 күн бұрын
I bookmarking and watching this over and over again. At least once a week.
@korbstrading 11 күн бұрын
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@therealshadowtrader 10 күн бұрын
much appreciated. You should come into my room and get it "fresh" daily!
@Nas_The_Dragon 15 күн бұрын
Best one thus far Korbs 👌 thank you for making this happen 🙏
@korbstrading 8 күн бұрын
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@DefineStrength 15 күн бұрын
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
@korbstrading 8 күн бұрын
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@shalombard4275 13 күн бұрын
ty Korbs! totally enjoyed the conversation; took the notes i needed to hear and take.Have a great week🥰. keep well🙏
@korbstrading 11 күн бұрын
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@mrchrisadams43 14 күн бұрын
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.
@therealshadowtrader 10 күн бұрын
push away from the desk. try and see the bigger picture of how long it takes for things to move X distance in price.
@korbstrading 8 күн бұрын
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@scotts6311 15 күн бұрын
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.
@korbstrading 8 күн бұрын
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@lilacunningham8542 14 күн бұрын
Thanks for putting these on Spotify too. Great interview.
@korbstrading 8 күн бұрын
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@SurfsFlatTrader 14 күн бұрын
Great episode Korbs.
@korbstrading 8 күн бұрын
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@chintanparikh9271 15 күн бұрын
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.
@richbalkissoon5322 14 күн бұрын
being part of his group ... how long did it take for you to learn his method and do you still trade the style and method he taught you? thanks my friend i am considering to join
@chintan091 14 күн бұрын
@@richbalkissoon5322 Honestly at first it was really daunting things like ratio trades as well as broken wing butterfly. It took me really good few months to get hang of things after going through the materials and his trades many times over. And once it clicked you can't go back, its really amazing how you can play with options and that's the part where I think Peter shines to structure trades the way he does for e.g 1/3 ratio on NVDA.
@supanova4126 14 күн бұрын
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.
@korbstrading 11 күн бұрын
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@therealshadowtrader 10 күн бұрын
this is challenging for all of us. the only thing you can do is analyze it and set a goal to do just slightly better each next time.
@JenMarco 14 күн бұрын
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
@korbstrading 8 күн бұрын
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@sebtube1 14 күн бұрын
Great interview and great fart at 20:44
@korbstrading 11 күн бұрын
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@bohdan4772 14 күн бұрын
Get Jim Dalton on please!!!
@AC_Trades 15 күн бұрын
Awesome content Korbs. Keep it up
@korbstrading 8 күн бұрын
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@JenMarco 14 күн бұрын
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…
@korbstrading 8 күн бұрын
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@marius1snyders 11 күн бұрын
Thanks Korbs and Peter!
@korbstrading 8 күн бұрын
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@guyredares 15 күн бұрын
sound like the questions you were asking were about yourself
@_Iamdmoney 15 күн бұрын
A lot of traders
@jessewight 9 күн бұрын
Great interview Korbs! Thank you
@korbstrading 8 күн бұрын
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Korbs
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Roderick Casilli - Futures Fanatic
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