Optimus Futures Trading Tips & Strategies

Regardless of the style you choose to adopt for your trading, it is extremely important to find a method within that style of trading that suits your nature as an individual. In this episode of the Optimus Futures Podcast, we discuss the importance of finding a unique method and decision making style for your trading and what factors you need to consider when searching for one.

Trading is always evolving and changing. Over the last 20 years, we've seen a tremendous change in this industry and things will likely continue to change as time passes by. In this episode of the Optimus Futures Podcast, we discuss what it takes to be a full-time trader and why you should always be trying to learn and adapt with the markets as they evolve over time.

The trading industry is highly opinionated. There is plenty of information out there, but not all of it is backed up by real trading experience. In this episode of the Optimus Futures Podcast, our host Matt Z dissects an email he got about trading and shares practical insight into what you should and shouldn't listen to regarding trading advice.

You're just as good as your last trade. Regardless of your prior growth, staying consistent with your trading and maintaining steady growth is not an easy task. In this podcast episode, we discuss why it's so hard to be profitable and stay profitable. Along the way, we'll provide some insight into the mentality and dedication it takes to become a consistently profitable trader.

A bad trading day can happen to any trader, experienced or not. What's most important is how you handle this big loss and how you restructure your trading moving forward. In this episode of the Optimus Futures Podcast, Matt Z talks about the experience of a bad trading day and how you recuperate as a trader, both strategically and mentally.

From a risk management perspective, the size and quantity of your orders are one of the most crucial aspects of your trading. In this podcast episode, Matt Z tries to provide a new perspective on your trading and why you should consider the size of your trades and be selective with your opportunities moving forward.

What may have happened in the past does not reflect what will happen in the future. There is more to trading than trying to predict the markets. In reality, the markets are nearly impossible to predict. In this podcast, Matt Z talks about the uncertainty in the market and why it's better to predict your risk-reward ratio rather than the movement of the market.

Discretionary and automated trading both take a tremendous amount of discipline. Although automated trading may be more "hands-off" compared to discretionary trading, both leave a huge impact on the trader's psychological state and require precise decision making. In this episode of the Optimus Futures Podcast, we discuss the differences between discretionary and automated trading and why switching from one style to the other may not be as simple as it seems at first glance.

Different aspects of life require their own understanding and interpretation of logic. One of them is trading. In this podcast, we discuss why trading does not follow traditional logic and why it needs to be approached with a unique mindset.

Less is more. That which is simplified is often better understood and more appreciated than what is more complicated. In episode 62 of the Optimus Futures Podcast, we discuss why it is important to keep your trading simple and minimalistic when it comes to decision making.

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 trade at a time.

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 this podcast, we discuss how to overcome such barriers in order to improve your trading.

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 and how to prepare for such large news events.

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 the actual reality of what it takes to be a day trader typically leads to struggles at the beginning of one's career. In this podcast, we discuss the "story you tell yourself" about trading and how to approach the market with realistic expectations.

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 trade at a time, whether its a winner or a loser. Learn from your past rather than dwell on it.

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 player in a randomly selected group was given certain advantages over others. We discuss how this experiment applies to traders and how success can lead to arrogance, which in turn, can potentially lead to failure down the line due to false confidence.

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 place and it typically throws them off the rails. The following podcast is a discussion on the mindset a day trader should have and how to not misinterpret specific trends as a short term trader.

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 better trader.

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 the gritty aspect of trading and what it actually takes in order to make profits in this line of business.