522: What It Takes To Stay A Consistently Profitable Trader - Dave Floyd

What It Takes To Stay A Consistently Profitable Trader

In episode 522 of the Desire To Trade Podcast, you will be listening to an interview with millionaire trader, Dave Floyd, discussing the intricacies of trading and fund management. They focus on the importance of tightening trading processes, understanding performance metrics, and the significance of experience in identifying high-quality trade setups. They explore the psychological aspects of trading, the role of journaling, and the use of custom tools to enhance trading effectiveness. This interview also touches on managing investor expectations and adapting trading strategies to varying market conditions, ultimately emphasizing the need for constant evaluation and improvement in trading practices.

The video is also available for you to watch on YouTube.

>> Watch the video recording!

Topics Covered In This Episode

• 00:00 Introduction
• 00:37 What’s new with Dave Floyd
• 01:52 Key learnings from managing a fund
• 04:34 The importance of process in trading
• 06:01 Dealing with investors
• 07:23 Risk management
• 10:03 Tightening the trading process
• 11:52 A+ trade setups and experience
• 16:30 The role of journaling in trading
• 20:19 Custom tools and technologies in trading
• 23:17 Pressure of managing other people's money
• 27:25 Adapting trading style to market conditions
• 28:51 Knowing when to exit
• 33:42 Managing trades effectively
• 36:25 Where to find Dave Floyd (link below)

What did you like best in this podcast episode? Let's talk in the comments below, or join me in the Facebook group!

Desire To Trade's Top Resources

• DesireToTRADE Forex Trader Community (free group!)
• Complete Price Action Strategy Checklist
• One-Page Trading Plan (free template)
• Recommended brokers:
  • EightCap (preferred Crypto and FX Broker)
  • AxiTrader (use our link to get a special bonus)
• Desire To TRADE Academy
• Get a copy of Prop Trading Secrets (Author: Kathy Lien & Etienne Crete)

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How to find Dave Floyd

• aspentrading.com
• Twitter/X: @DaveFloydTrader

What one thing will you implement after listening to this podcast episode? Leave a comment below, or join me in the .css-j9qmi7{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-flex-direction:row;-ms-flex-direction:row;flex-direction:row;font-weight:700;margin-bottom:1rem;margin-top:2.8rem;width:100%;-webkit-box-pack:start;-ms-flex-pack:start;-webkit-justify-content:start;justify-content:start;padding-left:5rem;}@media only screen and (max-width: 599px){.css-j9qmi7{padding-left:0;-webkit-box-pack:center;-ms-flex-pack:center;-webkit-justify-content:center;justify-content:center;}}.css-j9qmi7 svg{fill:#27292D;}.css-j9qmi7 .eagfbvw0{-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;color:#27292D;}