What Makes a Successful Trader? | Secrets of the Institutional Trader | Part 2

In part 2 of the 4-part series, Trevor Neil uncovers what makes a successful trader, looking at the ideal characteristics, as well as the ones to avoid. Trevor shares his learnings to become a more successful trader, including treating trading like a game of chess.
He talks about female versus male traders, and the underlying differences between them, and how one would select proprietary traders for institutions, including the difficulties with finding prop traders. He reflects on his experience finding prop traders in Prague and what qualities he looks for in a successful trader.
Trevor highlights why extreme overconfidence and being too concentrated can lead to 'blow-out', and why it can pay to remain calm under pressure.
► See the other parts of Trevor Neil's presentation:
Part 1: • How Do Retail & Instit...
Part 3: • When Does an Instituti...
Part 4: • When Does a Retail Tra...
Watch our interview with Trevor Neil:
• "Secrets of the Instit...
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[@Riggsnic_co]

Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks at a discount since the beginning of the year and yet the cycle continues with more losses, I know the idea is to hold long term but God I could really give anything to see some growth happen to my portfolio.

[@hermanramos7092]

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

[@martingiavarini]

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

[@Oly_laura]

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

[@hermanramos7092]

@@Oly_laura Impressive can you share more info?

[@Oly_laura]

@@hermanramos7092 My advisor is ‘’Catherine Morrison Evans’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@472BB]

My Notes: - Socially awkward people sometimes end up hiding losses (and avoiding the truth) -> Be honest with yourself -> Approach with the attitude that there is always something new to be learned -> Be ok with losing; Lose small and fast -> Learn and adjust your process if needed - For a long career you need to make things as easy as possible for yourself -> Having a process helps you make decisions easier -> Following your process, even if the trade didn't end up working out, makes things easier for you emotionally in the long run - Taking long, deep breathes when you realize you are overstressed is able to calm you down enough to make a better decision if done for 20-30 seconds.

[@th3orist]

adding to that: - learn when it's time to step away from the trading desk for that day. - recognize when counterproductive emotions start to build up inside you and want to erupt.

[@chuckborel4536]

Nice

[@a3_shots]

One of the best 23 minute video on trading psychology on KZbin 💥 Trevor Neil - hats off to you sir

[@Raymondjohn2]

Every day we encounter novel challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them.

[@bob.weaver72]

Despite hearing that insider trading secrets could lead to making millions in the financial market, I hesitated to invest as I lack the required skills and a sound strategy to surpass the market and achieve profitable returns. Additionally, although I possess $160,000, I find it challenging to take the plunge due to a shortage of funds.

[@martingiavarini]

It is advisable to steer clear of cons that appear improbable. Seeking guidance from a fiduciary advisor can be helpful as they are highly skilled in their field and can provide tailored advice based on an individual's risk appetite. While there may be unscrupulous individuals, there are also remarkable ones with a positive track record.

[@hermanramos7092]

How can I reach this adv-iser of yours? because I'm seeking for a more effective invest-ment approach on my savings

[@bob.weaver72]

My consultant is Catherine Morrison Evans I found her on a CNBC interview where she was featured and reached out to her afterwards. she has since provided entry and exit points on the securities I focus on. I basically follow her trade pattern and haven’t regretted doing so

[@huytranvan2754]

Lol nice scam promotion man. Look at these fake accounts, lol...

[@luciareynosog]

So much wisdom in him! So much to learn from him! He is humble enough to get wiser even at his age! Thank you so much for sharing!

[@OptoThemes]

Thanks for watching!

[@Luffytoro]

His smile makes me smile🙂😀

[@erickjablonski]

Could you please share the links to the youtube videos you referenced? thank you!

[@sugatasenmazumdar7704]

Simply BEAUTIFUL

[@pawbless6892]

great examples

[@christopher2176]

Damn!!! Sage wisdom

[@OptoThemes]

Thanks for watching!

[@mryes8184]

Where is that video he is talking about?

[@MrSimonw58]

I'm just amazed he's able to get technical analysis and price action based stops to work

[@PatrickRooney]

Breathe deep to take back control. That's gold.

[@manjeetmaparamanjeet]

Loved the delightful joke at the start

[@OptoThemes]

Come join our live Q&A with Trevor tomorrow, December 2nd, 1-2pm GMT. Sign up here: www.cmcmarkets.com/en-gb/opto/webinars/rrg

[@Seramics]

Where can we see the film of the Czech company?

[@TheSilentCatalyst]

Does he have the vid?

[@annajones9701]

What is his background?

[@FHIPrincePeter]

He is so right. I known a few oddballs on the floor. The information he is speaking about is gold dust.

[@OptoThemes]

Thanks for watching!

[@MrDumile]

Is there a link to or spelling of the Czech company he filmed?

[@MrDumile]

@@zilla1974 Just looked that up. Could very well be! Thanks

[@FxKaratekid]

Energy Prop Firm not FTMO!

[@mryes8184]

@@MrDumile can you send the link? I cannot find jt

[@akhorhakho8759]

Did you get the video?

[@kofi2144]

Anybody, to talk about trading with via group chat or video?

[@bikemike1118]

...somebody get him a glass of water...(?)

[@carlmarc3877]

👀😬😅

[@JessicaMederos]

somebody give this guy a glass of water

[@connorsmart]

@6:10 who is the name of the company and how can I access the video on those traders that had no experience and was trading with €1m each??

[@akhorhakho8759]

Hi did you get the video? If so kindly share the link

[@incemarketers8168]

Let me know thanks.

[@burakhosseini2263]

Million Dollar Traders - Part 1 | British reality TV Series & Course created by Lex van Dam

[@anandradhakrishnan1302]

Many hear about It(the Self) in wonder , many speak about (This Self) in wonder, few view (This Self) in wonder. None of these people have really known (It) properly. Same applies to this talk.

[@pradeepdadlani2414]

Oh wow

[@robertbanes5936]

How do I get involved trading for the company?? Can anyone leave contact details. I’m highly interested

[@annajones9701]

Does technical analysis really have any impact? I thought most good investors only look at fundamentals

[@outgrown3094]

yes investors, this isnt about investors this is about traders lmao

[@th3orist]

technical analysis can bring you only so far, if you dont work as much if not more on your mental state then all technical analysis in the world won't help you. the fact that 80-90% of retail traders lose money does not come from them not knowing enough technical analysis. They can't handle their emotions and have an unstable mindset. thats the hardest part to get right in trading, and it was so for the last 100 or whatever years since this market exists, it will never change, even if you 100% rationally understand my point. i am convinced that not everyone can master this. it's the reason why there are not a million kobe bryants or michael jordans. Just because you know what you need to do in order to achieve something, it does not mean you will achieve. If i give you the 100% recipe for how to get a sixpack, i bet you not even 10 out of 100 people will have the will to follow that guide. you have to want it more than anything else. Most people simply don't want it enough even if they think they do.

[@Joyandthay]

Women are rational

[@dee23gaming]

Fundamentals is just opinions and predictions, and also, how will you enter your trades at the right time without technicals? You arguably only need technicals, because everything you need is on the charts. I look at price action first before listening to non-traders who love the sound of their own voice.

[@martinkiarie7666]

Gem!

[@OptoThemes]

Thanks for watching!

[@shxttyfx]

had me till risk 2x 3x more after a loss....

[@DJ-dg1ho]

How do I reach Institutions to give me a shot and relay why my trading ego is what it is?

[@DreamsiclesASMR]

Is he absolutely sure the guy only shot the ceiling, because I know someone that was shot in the leg on the floor in London….that guy can’t take the stairs anymore…

[@MrSamrocks007]

What retailer normally do - Buy High and Sell low also Buy Low and sell at breakeven .

[@itslike123]

Leason learned from this video hmmm zerooo

[@24hrdiner]

16.44 min

[@calebcurry8422]

Thanks for the review. Text me.! +1 (863) 855‑4881🇱🇷

[@DavidMocata]

This guy is hiring the guy who is more outgoing! What is this story? Where about the basics of trading financial institutions? Where and how to place large positions?

[@micahthompson3762]

I think what he meant to say was... most ladies are less risk averse than men... that would be a more accurate statement. ;)

[@ebukaemesim4208]

Man said you can’t make any money with 50 lots.... damn.... what lots do they even trade??

[@ramonpower852]

LOOOOOl dude had me good with this one . i traded 100 lots for the first time the other day and almost shat a brick. but i know these guys are probably managing millions .

[@funnyhaha19]

Just take a sip of water, man

[@lebonegalatlhwe1662]

Haha that's so true.

[@juleshatesjiujitsu]

That's bollocks about the revolver.

[@MartinJG100]

'Women are much more rational'. You mean they wait to see who makes the most money and then target their trade :)...

[@SSEnrich]

I struggle to see what was supposed to be wrong about what he said about women. Don't say facts. Someone can get offended. That is the new normal.

[@explorster]

That's not a covid cough!!!!!

[@incemarketers8168]

LOLOLOL! Which Variant from which country? LOLOLOL

[@Jeo_Thomas]

I think this is the video he is referring to at 6:08 kzbin.info/www/bejne/nqrNZplrltCXlck

[@FrankHua]

This guy is talking in the perspective of institutional traders.

[@75PERCENTCOPPER]

As a retail trader, your goal should be to trade like an institutional trader. Win Win Win 🏆

[@connorl5868]

WTF ? Being Focus is Overconfident ! Great presentation overall, but very stupid analogy.

[@75PERCENTCOPPER]

What's he's saying is that if you're too focused, you become overconfident, as in too sure of yourself because you're so focused and determined. Makes sense. Hope this helps!

[@Vytil]

if i had a trader using trendlines in my firm i'd boot em lol

[@TheLateAdopter]

The fck do your traders use? Moons?

[@lombardo141]

Feminist's Trigger Warning!!!! 0:41 0_o

[@PC-ds6zk]

Im a woman and i am relentless when it comes to trading, no matter how much the market knocks me over i get back up. I dont like how he stereotypes women!

[@blazzz13]

He didn't say women can't be good traders. He was simply stating a fact, that statistically there are more male than female traders. Whether you accept it or not- you are an exception and the numbers back it up. I work for an institution as well and 85% of our traders are men.

[@mxmx58]

Stop it!! You are the outlier.

[@Sean-fj9pn]

As a woman you are acutely aware more than anyone how male dominated the trading world is. Even fewer women than men have the aptitude or interest to cut it in this field.

[@daimu7971]

The coughing man serious needs to stop old or not

[@perarduaadastra873]

An emotionally sane human female has not yet been born. 👀

[@firstnamem5467]

A good bs story.

[@JohnEnergy2012]

What a bunch of old man BS...

[@scorpioindigo1345]

Bruh women from 1940 not today

[@MrDumile]

To the competition winner: Here is a million euros. See if you have understood our high speed training and see what you can do. How much money you can make. Oh you took it to 3 million!? That’s spectacular. But we won’t hire you because you concentrate too much and don’t try to make friends. This means you are over confident and one day you will start hiding your losses and blow out. For that reason, unfortunately, you are not good enough for us. Weird interview assessment

[@Mr.Plutonium]

Not really, he's right to a high degree. Making that much money in a short period of time means you're gambling and quite possibly have terrible money management skills.

[@vishalv6251]

Late reply: The guy can be Natural at trading, That's the hint they were looking for in Interview. Other people can be more better if trained with time but they were searching for an individual with natural instincts

[@etienne7774]

Yoga comes from the devil. Trust God and read the KJB!