There is a fine line between arrogance and self-confidence. As we have discussed before on the Optimus Futures Podcast, letting yourself become too arrogant while trading is not a good recipe for success. No matter how much success a trader has had in the past, it is always important to remain humble and take one…
The cost of regret and doubt are two psychological barriers that many traders face on a daily basis, yet are extremely difficult to overcome. Besides the strategic planning that it takes to be a successful trader, traders must be willing to overcome regret and doubt in order to make it to the next level. In…
News events typically leave a huge impact on the markets. Now that it has been announced that Donald Trump has COVID-19, there is plenty of uncertainty as to what might happen with the market. In this episode of the Optimus Futures Podcast, we discuss how traders should approach their trading now that Trump has COVID-19…
A realistic view of the challenges that trading presents is one of the best ways to prepare yourself for potential success as a day trader. The story you tell yourself and the expectations you set for yourself must be realistic when it comes to the market. The further away your expectations are set compared to…
You cannot change the past. When it comes to trading, you cannot let what happened in the past affect present day actions or your life in the future. As we discussed in the last podcast, success can lead to arrogance which in turn, can lead to false confidence and failure down the line. Take one…
No matter how much success a trader has had in the past, it is always important to remain humble. This episode of the Optimus Future Podcast touches on the Monopoly Experiment which was conducted at the UC Berkeley campus. The experiment involved the secret recording of multiple rigged games of monopoly in which one randomly-chosen…
As a day trader, you should not get your mentality and mindset mixed up with those of a long-term investor. Most day traders typically stick with shorter time frames, but when breaking news is announced that is slightly related to the market an inexperienced day trader is taking part in, a shift in mindset takes…
Trading is NOT easy. Many traders will make a mistake and often attribute it to their level of intelligence or IQ. In reality, even the best traders make mistakes. In this episode of the Optimus Futures Podcast, we touch on how to handle trading mistakes and learn from them in order to make yourself a…
Decision making is one of the most crucial components of trading. When emotion is involved, decision making becomes that much harder. In this podcast, Matt Z discusses intuition and whether or not you should follow your gut instinct while trading.
When most people think of the trading industry, they think of the flashy cars, nice suits, and the potential profits that can be made. Most people don't consider the extreme dedication, mental fortitude, or risk management that it takes to become a successful trader. In episode 52 of the Optimus Futures Podcast, Matt Z describes…
