EP 260 | Breathing In, Breathing Out Intuitive Hits on the Markets | Patrick Petersson

Growing up in a family and culture strongly critical of trading as a profession, Patrick opened his first trading account on his 18th birthday and risked his reputation and family money to follow a deep growing passion he had for years. After blowing up many accounts, he found himself homeless and rejected by all in his family despite fully paying them back. Passion, determination, and persuasion gave Patrick another chance as he started managing money for wealthy clients.

Join us in this unusual and fascinating journey as we learn about Patrick's trading and his intuitive Jedi skills to make lightning-fast discretionary executions.

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Topics & Timestamps:

Please note: Exact times will vary depending on current ads.

0:00 Background
3:15 Started trading and family connection
5:50 German cultural attitudes towards trading
9:55 How Patrick initially learned to trade
12:20 Early strategies
16:35 What he looks for in the charts
20:00 Being an intuitive trader
23:00 Why following the news is important
27:45 Early risk management and blowing up accounts
29:25 How Patrick raised money from wealthy people
37:00 Expected versus delivered returns
38:55 Going all in
40:10 How frequently he finds great setups
45:20 Change strategies after blowing up accounts
47:03 Family disowned Patrick for trading
49:40 Is Patrick’s way of trading teachable?
50:55 Trading by looking at imbalances
52:12 Changing styles frequently due to market conditions
56:15 Not accepting losses and revenge trading
58:15 Current market conditions and effects on trading
60:00 What Patrick struggles with most in trading
61:05 How trading has impacted his life
65:50 Future goals
68:30 How to get in touch with Patrick

See more show notes here:
https://chatwithtraders.com/260

Links & Resources:
Twitter:   / daytraderpat  
Chat With Traders Community: https://community.chatwithtraders.com/

* NEED ACCOUNTABILITY IN YOUR TRADING JOURNEY? LEARN ABOUT THE TRADERS ACCOUNTABILITY PROGRAM BROUGHT TO YOU BY THE CWT COMMUNITY: https://chatwithtraders.com/community/

DISCLAIMER:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

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