Martingaling is Not Scaling - Roundtable
On this week’s Roundtable, Joel MC joins Kyle and Vanta Trading’s Baba Yaga to discuss the topic of scaling into positions. They cover different strategies for scaling, including adding to winners and adding to losers. They emphasize the importance of having a plan and executing it in a rational and intentional manner before moving on to the topic of journaling and the difference between a trade log and a journal. The speakers emphasize the benefits of journaling, including the ability to track progress, identify patterns, and learn from mistakes. They share their good, bad, and ugly moments of the week and discuss ways to improve their process before wrapping up with some new bold predictions for the future!Sponsors and FriendsOur podcast is sponsored by Sue Maki at Fairway Independent Mortgage (MLS# 206048). Licensed in 38 states, if you need anything mortgage-related, reach out to her at SMaki@fairwaymc.com or give her a call at (520) 977-7904. Tell her 2 Bulls sent you to get the best rates available!For anyone trading futures, check out Vantatrading.com. Founded by Mr. W Banks and Baba Yaga, they provide a ton of educational content with the focus of teaching aspiring traders how to build a repeatable, profitable process. You can find our exclusive affiliate link/discount code for Vanta ‘s subscription in our free discord server as well!If you are interested in signing up with TRADEPRO Academy, you can use our affiliate link here. We receive compensation for any purchases made when using this link, so it's a great way to support the show and learn at the same time! **Join our Discord for a link and code to save 10%**To contact us, you can email us directly at bandoftraderspodcast@gmail.com Be sure to follow us on Facebook, Twitter, or Discord to get updated when new content is posted! Check out our directory for other amazing interviews we've done in the past!If you like our show, please let us know by rating and subscribing on your platform of choice!If you like our show and hate social media, then please tell all your friends!If you have no friends and hate social media and you just want to give us money for advertising to help you find more friends, then you can donate to support the show here!About the Panelists:Baba Yaga:Solving problems, helping set goals and refining processes is the bulk of Baba's passion. He does that in many contexts, ranging from non-profits to real estate and everything in between. He focuses on market structure through the lens of TPO charting and executes based on volume, misplaced large orders and Delta. He loves the opening range breakout and typically trades the market from the "inside out."Follow Baba on TwitterJoel MC:Meet Joel, a dedicated and aspiring trader who has not only been a crucial part of Kyle's support system but has also embraced the trading journey with unmatched enthusiasm. As a power lineman, husband, and proud father of two wonderful daughters, Joel brings a unique blend of kindness, support, and motivation to the Band of Traders community.Joel's venture into trading wasn't merely a financial pursuit; it was a desire to actively engage with the market beyond traditional buy-and-hold ETF investing. Trading, particularly in futures, became more than just a financial endeavor for Joel. It evolved into a genuine passion, a game he enjoys playing, regardless of the monetary outcomes.What sets Joel apart is not just his passion, but his willingness to open up and share his struggles. In the often-challenging landscape of trading, Joel's authenticity and transparency create a supportive environment within the Band of Traders community. Beyond the charts and numbers, Joel has discovered a sense of camaraderie that extends beyond mere acquaintances – to what he now considers a brotherhood.Follow Joel on TwitterAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy