Day trader talks consistency, strategy, volume • Mike Katz

EP 156: Day trader, green every month, talks consistency, strategy and doing size-Michael Katz
Michael Katz is an active day trader and the managing partner of New York prop trading firm, Seven Points Capital. Mike and his firm, are large volume participants in U.S. equity markets, and to a lesser extent, futures and options too.

[@ChatWithTradersPodcast]

Full show notes for this episode, available here: chatwithtraders.com/156 Sponsored by NAAIM--learn more, enter and compete in the 2018 Shark Tank strategy comp: naaim.org/traders Thanks for listening!

[@sciggler2880]

When are you going to launch your own forum or chat room?! Maybe that might be too noisy for a trading community?

[@Hugo-xj2mj]

35:20 know when you're wrong 39:06 volume 42:50 manage risk 44:46 how to know when to size down

[@mohamedredaabdou495]

Hero

[@bramlilipory4116]

Thanks

[@Gia_Java]

Aaron, you created an amazing contribution to us - traders! thanks soooo much! youre amazing!!!

[@gauravagarwal2900]

man, i usually don't write comments on any video but i really like the questions you've asked each and every trader; very precise and effective. Thanks!

[@jyoung6708]

hes the best , he really is, he listens well.

[@Daniel-dz3ls]

I like the simplicity yet full of Value interview, he sounds very humble, keep up the good work

[@hamish5712]

Awesome podcast. Michael Katz "have a business plan for each setup" is gold. Everyone should listen to this. Your recent work with him on the LYFT trade was awesome. Keep it up mate.

[@johndirico4212]

Nice interview! Many good principles reinforced. Good reminder in there that most winners start winning right from the start.

[@TTTTrisha]

Can't appreciate your podcast enough Aaron. There's such diversity in types of traders you interview. What you're doing is the true gem for the trading community. Keep it up mate! 🤘🏻🤘🏻

[@adwardchristopher2638]

Hello how are you

[@malthus101]

lol

[@lolikalopareva2739]

I love this channel on my drive to and from work.

[@spencereng]

Awesome stuff, great follow up questions.

[@pahriz]

A lot of common sense here...nothing I didn't know before, but...Michael Katz put it together in such a way that I have a deeper understanding! For me, understanding, even if it's just helps me hold onto winners longer and cut losers shorter...trading with confidence leads to better trades...I hope

[@danle746]

Really great content, l will listen back to this episode at least 10 times to soak up the great advice.

[@MrJoshuaCoppins]

great Value Thanks Michael

[@arsa4fun]

where the hell you found this kind of people! very motivation !!! Thanks mate!

[@Vykintaskz]

It's amazing, wish i had found your podcast 5yrs ago

[@therepulsiveman4919]

Great Podcast

[@MinjaeCho]

Great Podcast Aaron, appreciate it!

[@dontwantid]

43 minutes in and onwards when he talks about risk and when to scale back - that's where all new traders need to start and that's basically golden advice right there. Seems so unbelievably obvious, and it is, but it's just not common sense, as in, it makes a lot of sense but it's not commonly known.

[@fantasyteamshorts6112]

Aaron this was one of the best video ever

[@leonardomoreira1151]

good questions! thnaks Aaron

[@hamisintunzwenimana8083]

Great Technical 1. Tharp Think; edge, Business plan, etc. 2. System / Rule Based

[@jakeracz9146]

Love when he goes into volume profile. Learning to use volume profile completely changed my understanding of technical analysis. Specifically value area highs and lows and most importantly previous days points of control. Since using volume profile I often find my support and resistance levels are more or less spot on. Everyone says it’s only beneficial for futures but I’ve not found this to be the case whatsoever

[@tjhammer24]

You time frame specific volume signal searching in this regard? How you applying it? I reference volume a lot but still can't implement it consistently as a strategic indicator

[@willcamp6685]

loved this one thanks again

[@gardendwellerTX]

Mike Katz is one of my favorite traders, the Seven points trader takeaways are top notch

[@JasonStevenson1]

Amazing podcast, Aaron! Michael is a gun, helped me fill up three pages of notes!

[@stevenragan8400]

Great interview, probably the fifth time I’ve listened

[@simonroese2596]

I like as soon as i play the vid for a second or two Quality content and consistent! Keep it up champ

[@FelixPavlov]

Great! Thank you👍

[@simonwilliams7682]

Fantastic stuff Many thanks!!

[@KillaKam922]

thanks for the gems!

[@blowintrees4885]

This one is a gem

[@surething119]

Aaron is the God of Podcast and probably a great trader

[@ahmedhussain3638]

Great Questions Aaron... A few i wish you to ask someone one day. a) how do you know that its the one to buy... because a screener can give more than one option. Is it love at first sight or u go into the background to see if its worth it or just the charts speaks back to you .... b) how do experts scale up and scale down....do you limit your investment to certain percentage of your portfolio or change accordingly.

[@Madu_abuchi1]

Contact me through my business number (+4. 4. 7. 8. 6. 8. 7. 2. 1. 0. 5. 1.) WHAT$@PP

[@nichhikara5779]

Blew up account yesterday. Never walking away from computer without a stop order

[@owenwalker1774]

Sorry to hear that! :(

[@b105n8]

How much was your account?

[@RagnarokCo]

Great interview, I would be scared to ask him those questions cause he sound like he in the mob and I'd rather mind my own business

[@iguniiverse5179]

31:10 - This got me laughing my ass off!!!!!!! Sounds like "He'll FarQ" 😂

[@josuer.f.9042]

Smart man 😉

[@TheRealMe15]

Hello Aaron. please do Sean Dekmar of DEKMAR TRADES next. he is also more than willing. thank you!

[@stamatouvable]

He sounds like Steven Siegel

[@tjhammer24]

47:25 how he defines edge

[@nofear6235]

klass!

[@johnb4091]

He trades basically everything, using any strategy, in any time frame, with no fees... 🤔 He's a manager, not a trader imo.

[@Q_QQ_Q]

prop trading

[@Luffytoro]

Came Here after giving away my weekly gain coz of poor position sizing 🤦

[@lindah3954]

I'm just a cook.

[@pardeepdutt9412]

Hey bro i love your interviews always good stuff .I want to know how to start day trading in Australia.can i day trade us stocks from australia ? if anybody knows please write a comment thanks in advance

[@rayl2354]

@Lakelz what other Australian brokers would you recommend or not recommend?

[@Madu_abuchi1]

I appreciate your comment. you can contact my broker for more knowledge and assistance on trading.

[@Madu_abuchi1]

+. 4. 4. (7.8.6.8). 7. 2. 1. 0. 5. 1 WHAT$@PP

[@bestbotreview]

18:13

[@bestbotreview]

Firm not fern

[@bestbotreview]

Great job leaving lots of v2k evidece

[@Q_QQ_Q]

prop trading no fees

[@dennisp7689]

Sounds like a market maker problem CITADEL

[@handyrams4664]

Crypto started to crash at the time this video was put out. I'd say it started to crash before.

[@derekwhite8196]

look at it now

[@david213redmond]

everyone gotta do their part

[@donstanley9943]

I got nothing from this. However, guys voice is impressive. Very mafioso, he kind of looks the part as well.

[@dennisp7689]

How does he feel about Bitcoin now

[@nnconfomiststoic7346]

He feels great

[@Tbessix220]

Can anyone tell me if this video talks about Forex? Because i'm not interested in stocks... Thank you

[@bohemiancasanova5538]

Its all connected. There arent many forex focused videos on chat with traders but it doesnt matter. 90 percent of the info applies on forex as well.

[@Tbessix220]

Thanks for your comment, But i think The forex market and Forex Day Trading in general are a little bit different than equity markets, cryptos...

[@bohemiancasanova5538]

Ya it probably depends on what you want to get out of those videos. For me its pure inspiration since Ive been trading a long time and dont need any knowledge or strategy.

[@Tbessix220]

Ah great! For me i need experience from successful forex day trades... Have you ever came across a video like that in this channel?

[@bohemiancasanova5538]

Well I am from czech republic and there is an amazing forex website that also does youtube videos so that covered it for me when I was starting. But its really mostly about trading real money and learning from your mistakes. Trade as little capital as possible also. trading 1 microlot with 100dolars capital is the best you can do. And you can increase your account size after you are profitable for a few months period. But actualy I have one recommendation kzbin.infovideos check this out. I think AM are making solid videos and can teach you a lot.

[@emanik2]

No visuals on these interviews. It's inappropriate to spin wheels without any visuals on youtube. I like Better Systems Trader.

[@codystephenson3607]

you should have Ricky Gutierrez on here.