๐ข Welcome to Joeโs Happy Hour! This episode dives deep into trading psychology, market structure, and VWAP strategies with Brian Shannon, trader, author, and founder of AlphaTrends.net.
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The Psychology of Trading โ Overcoming FOMO, emotional biases & poor decision-making
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VWAP & Anchored VWAP โ How institutions use it & how traders can apply it
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Risk Management โ Why cutting losses is the key to long-term success
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How Market Makers Operate โ Insider look at price action & order flow
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The Evolution of Trading โ From brokers to algorithmic trading
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Self-Publishing a Trading Book โ What Brian learned from writing two bestsellers
00:00 - Introduction: Joe welcomes Brian Shannon
03:00 - Brianโs journey into trading & early career experiences
08:45 - Risk management โ The #1 reason traders fail
12:30 - Brianโs biggest trading loss & key lessons learned
18:15 - What is VWAP & how should traders use it?
25:40 - How institutions control prices using VWAP
35:20 - Common trading mistakes & how to avoid them
42:10 - How to correctly use anchored VWAP
50:30 - The process of writing a trading book & lessons learned
1:02:00 - Final thoughts: Best advice for traders in 2024
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