Gregg Sciabica | What Does it REALLY Take to Become an Elite Trader?

In this episode, Gregg Sciabica (@lx21) joins the Trading Takes team to discuss his trading career and what it takes to make it in trading.
Gregg started trading in 1999 with the goal of finding a systematic approach to trading. He has since evolved his style to combine both systematic and discretionary elements. Gregg is one of the few traders who has made a multi-decade career out of trading and found massive success.
In this episode, we discuss what it REALLY takes to become a successful trader. What sets successful traders apart? How can new traders find an edge? What does it take to scale a strategy to 7-8 figures and beyond? How has the market changed over the past 25 years?
Get those answers and more in this episode!
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👉 Video Contents:
0:00 Introduction
04:45 What it Takes to 'Make It' As a Trader
14:05 Searching for the Holy Grail of Trading
36:35 Risk Profile Evolution
45:50 Big Wins and Managing Losses
59:20 Working Through a Trading Slump
1:10:15 The Importance of Giving Back
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Review important disclosure information before watching this video www.investorsunderground.com/...

[@investorsunderground]

Trade alongside the Trading Takes team in the IU chat room investorsunderground.com/tradingtakes

[@helloworld6330]

"There is lies, damn lies, and then there is backtesting" - this is my most important takeaway over years

[@allenadahoo]

LX21 😊 if you do the right thing , money will follow

[@barbarasara4033]

Kabisa. True

[@yoginacharya2150]

Great to hear from Gregg after quite some time. He always has great tips for trading community 🙏

[@investorsunderground]

Absolutely!

[@MrKendzik]

I almost forgot how great Greg is… Another awesome interview!

[@mmm-cake]

Thank you

[@mendesnelson]

The legend!!!!

[@eriks1503]

Great interview, thank you. Gregg talking about not trading just to trade resonates, so obvious but challenging for some personalities including me. Look forward to more guests! Perhaps try to get Michail Shadkin to come out (EpicaCapital), that'd be really cool one.

[@jeffreygray1030]

My aha moment; (1:00 - 1:05) As a new trader, adjust and back test my trading system so that when (what I think) is my A+ set-ups come along, I can actually have the confidence to trust my system to work for me. Only take A+ set-ups. You gotta have an A+ setup and a proven plan or your wasting your time.

[@LostOneTrades]

Hell ya!!

[@princejoel4207]

In my opinion,this was the best one you guy's made, no BS, straight facts and less ego Maybe incorporate the format you guys had at the end, where the student's get to give some advice to the master....You never know who's watching and learning from you guys. ✌️

[@nev53]

🐐

[@Billyonaire__]

Awesome interview thanks to all involved for making this happen. Some of my favorite moments were: 17:20 - The human mind advantage over a computer; weighting various variables 40:00 - "Lets say you have a net worth of 20million, how much better is your life at 30million? Making 10mil is awesome, but your life didn't change much, so therefore why risk it? But if you only have 25k and can run up that bankroll to several million that was worth it" 1:01:00 - Great rant / advice for all traders (Also mentioned at 1:00:40 in T4C Boston Special)

[@ontrades5036]

56:11

[@ontrades5036]

Pleasure listening to sir Greg thank you Sam nailed it buddy 👏

[@BellaDogzRainOasis]

Mr. LX21 been a while~

[@atunin1988]

invite Mikhail Shadkin please