Futures Radio Show with Anthony Crudele

EP: 129 Characteristics to Survive and Thrive in Trading

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EP: 129 Characteristics to Survive and Thrive in Trading
#FuturesRadio

 
 
00:00 / 37:43
 
1X
 

Guest:

Brannigan Barret

Senior Trader at Axia Futures

Record Date: 5/23/17

Traders,

Today I spoke to a man that started as a broker in South Africa, but wanted to move away from the broker business and become a futures trader.  He moved to London to work at a Prop firm and is now a Senior Trader at Axia Futures.  His name is Brannigan Barrett.[bctt tweet=”#FuturesRadio ‘One of the biggest mistakes us traders make is that we complicate things, simplify the process and you’re already ahead of the game” username=”Trader_Bran”]

Bran and I had a great conversation today.  I asked him about trading technically vs fundamentally and he explains the importance of volume. He gave his thoughts on why Equity markets have been so slow lately, and we talked about the changes in the prop trading business. Bran also tells us how he sees the future of prop trading.

We had a great discussion on the most important skills and characteristics to survive and thrive in the trading industry.  He explains to us why the hardest moments are the greatest moments for growth and reflection.  And finally Bran talks about the mistakes that he tries to avoid as a professional trader.

Bran is a super guy who has a great understanding of what it takes to be a successful day trader.  He and I have a lot in common in the way that we approach day trading, You will truly enjoy hearing from Bran today.  As always thank you for listening, and please enjoy this episode.

Take-a-Ways:

  1. Transition between broker and trader. How he interprets the difference between fundamental trading and technical trading.
  2. He explains the importance of volume, and shows why volatility is staying very low lately. Why participation has dropped.
  3. What Bran thinks caused the changes in the prop firm business, and what the future of prop trading is.
  4. The most important skills and characteristics to survive and thrive in the business. Time, Bank Roll, String Environment, Luck, Ability to keep things simple.
  5. He reminds us the hardest moments are the greatest moments for growth and reflection.
  6. What mistakes Brannigan tries to avoid;
    • Inactivity in the market is never a good thing.
    • Not understanding leverage is a tool to be utilized when the probabilities are in your favor.
    • Fading the train.
    • Not having a process and exact approach.
    • Thinking it’s easy.

Rapid Fire:

  1. How has your trading evolved over the years?
    • 3 setbacks, and recovery to upside.
  2. #1 source you spend your time on?
    • Trading Technologies
  3. The moment trading clicked?
    • 2013 Italian election, had too much leverage.
  4. Favorite Book About Trading:
    • The greatest trade ever. Zuckerman
  5. Favorite Movie About Trading:
    • Wolf of Wall St.
  6. Best Advice Ever Received About Trading:
    • There is no right or wrong only high and low probability.
  7. Advice to Give to Others About Trading:
    •  Always be objective. Don’t force your opinion on the market.
  8. If you weren’t a trader you’d be what?
    • National Geographic Scuba Diver.

Take-a-Look:

Quotes:

  • “Don’t ever forget there is always opportunity, it just exists in different formats…”7:30
  • “One of the biggest mistakes us traders make is that we complicate things, simplify the process and you’re already ahead of the game…” 13:20

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This Post Has 2 Comments

  1. Bran said to belong to a group for Free education. Which did he recommend? I don’t see it here.

    1. Hey Don. He didn’t recommend any in particular. He did say that Axia futures has great free youtube video’s. Thanks!

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