138: How To Succeed At Trading For A Living - Moritz Czubatinski

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.

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

• Trade Journaling: Edgewonk
• Book: Technical Analysis of Stock Trends by Robert Edwards & John Magee
• Book: Atlas Shrugged by Ayn Rand
• Book: Portfolio Selection by Harry Markowitz
• Book: The Evaluation and Optimization of Trading Strategies by Robert Pardo

DesireToTRADE Top Resources

• Desire To TRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist (free checklist!)
• One-Page Trading Plan (free template!)
• DesireToTRADE Academy (exclusive training program)

How To Find Moritz Czubatinski?

• Tradeciety
• Facebook
• Twitter
• Email

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!