Mastering Probabilities is Key to Trading Consistency, ft. Money Mitch
Notas del episodio
Welcome to another Trade The Pool On Audio: Funded Trader Interview! Today, Michael sits down with Money Mitch, a $20K funded trader from the USA, and host of our LIVE Trading Room.
Listen to Mitch's advice on mastering probabilities and building a trading plan. He also breaks down the 'Four Stages of a Trader's Journey' and shares strategies for targeting small-caps with a 3:1 to 4:1 risk-reward ratio.
Mitch's success highlights the opportunities available on a Limited Risk Trading Platform, offering traders a safer and more structured path to grow.
Mitch's statistics: 20K evaluation summary
Mitch started trading in 2017-2018, inspired by his childhood experience as a 5th grader competing in a trading competition. He pursued his passion for the markets through financial education at UCF, which eventually led him to explore options trading. However, he realized that trading options required much capital, a steep learning curve, and competing with market makers.
Seeking more market opportunities, he then joined Benzinga, one of our partners.
Now, Money Mitch hosts Trade The Pool's LIVE Trading Room—a YouTube show running Monday to Thursday, 8:30 AM to 11 AM ET—where he and Michael Nauss provide real-time insights and live trading analysis.
Mitch's evaluation stats:
- Evaxion Biotech ($EVAX)
- Success rate: 44%
- Risk/Reward ratio: 1:4.1
- Biggest win: +$495, long on $EVAX x 450 shares
- Biggest loss: -$110, long on $RGTI x 400 shares
Will you be Trade The Pool's next funded trader?
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