Episode Four – The Human Element

Featuring Peter Brandt

In Episode 4 of Charting Masterclasses from a Trading Legend, Peter Brandt examines the often ignored but crucial, human element of trading, which plays such an important role in market speculation. As Peter says, if you want to really know yourself, become a trader, as he isolates the impact of emotions and how to manage them, as well as what gives a trader their edge.

Published on
17 May, 2017
Topic
Trading, Technical Analysis, Psychology
Duration
22 minutes
Asset class
Commodities, Currencies
Rating
6

Comments

  • JT

    JF T.

    2 11 2017 22:39

    0       1

    What the heck is this fake tennis

  • AF

    Aidan F.

    12 6 2017 13:51

    0       0

    upmost respect

  • lD

    lance D.

    30 5 2017 14:21

    1       0

    I am A factor member . but what i want to know is what are the bats called you were using to play tennis ? they look to big to be table tennis bats and they sure aint tennis racquets plz tell me . thanks

    • PB

      Peter B.

      31 5 2017 21:58

      2       0

      Lance -- it is called Pickleball.

  • BV

    Bogdan V.

    29 5 2017 18:24

    0       0

    Great material, thank you Peter. One question: how can one manage stop loss adjustment if looking only at EOD charts. In other words, if the market moves in my favour but I will look at the chart only at the end of the day, how can I move my stop so that I can protect my gains if I do it only at the end of the day? This means that the price may appreciate (for longs) but then go back and if I don't move my stop loss order up, I will leave money on the table. Thank you so much.

    • PB

      Peter B.

      31 5 2017 21:59

      2       0

      One always leaves money on the table. This is why I ignore intraday unrealized profits and concentrate on closing trade NAV levels

  • MB

    Max B.

    23 5 2017 17:45

    0       0

    Another great one.

  • CY

    C Y.

    22 5 2017 13:11

    0       0

    I really loved this series. One of the things I wish he had explained further was his comment about position sizing never being more than 2% of capital. I'm a little confused as to whether or not he is referring to pure equity positions or leveraged futures contracts.

    • DM

      Dan M.

      28 5 2017 18:29

      0       0

      My understanding is that he sizes his position such that his initial stop target limits his loss to no more than 2% of his capital. So that would be the same irregardless of the asset class he is trading.

    • PB

      Peter B.

      31 5 2017 22:00

      1       0

      This is correct. 2% of my entire trading capital -- but in reality I seldom risk more than 1% on an individual trade.

  • CY

    C Y.

    22 5 2017 13:11

    0       0

    I really loved this series. One of the things I wish he had explained further was his comment about position sizing never being more than 2% of capital. I'm a little confused as to whether or not he is referring to pure equity positions or leveraged futures contracts.

  • SP

    Steve P.

    19 5 2017 04:28

    4       0

    Peter really gets to the nub of things in this episode. A lot of this applies to investing as well as trading and it is superb to be reminded of what allows success in markets. This series likely rates as some of the most valuable videos featured by RV so far. Simple concise concepts and principals that make a difference when adhered to. Great stuff!

  • EC

    Eric C.

    17 5 2017 23:51

    8       0

    Great series! I had reservations in the beginning spending so much money on real tv but things like this make it worth the cost! Such high quality. Keep it up!