How To Trade It: Trader Insight from Profitable Traders
Casey Stubbs
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Small Risk, Big Reward with Trading Room Moderator, Kira Turner, Ep # 132
• 35 minKira Turner is a full-time, professional trader of stocks and options. She is the Moderator at The Inner Circle Trading Group, a group of experienced traders helping each other to make great trades. In this episode of How To Trade It, Kira shares the importance of being flexible enough to remain profitable in difficult market conditions. You don’t want to miss it! Subscribe to How To Trade It You’ll want to hear this episode, if you are interested in… [02:09] Changes after trading went “online”[06:36] Risk management[08:31] Success in the markets requires…[11:26] Big challenges[12:42} Time for a new strategy[14:48] Realistic expectations[17:47] Trading during a down cycle[20:10] Recovering after a loss[25:55] An affinity for “high risk” activities[31:04] Get in touch with Kira Episode Sponsor: A new type of trading with Kalshi. Check it out to get started today. Trading online When Kira first started trading, she had to sit across the desk from a broker who took trades on her behalf. When online trading became all the rage, trading changed drastically. All of a sudden, there were so many more traders with sophisticated thought processes and strategies. The moves in the market became faster and much more violent. Where you used to trade in quarters, you now trade in pennies. And the changes keep coming, which is perhaps the reason Kira describes her trading style as “flexible”. She has admittedly had to completely adjust her methods multiple times, based on the market’s ever-changing conditions. Success in the markets Kira believes that in order to have success in the markets you must first have confidence in your system. You have to understand sizing. And, most importantly, you must also exercise great risk control. It’s critical for long-term success to learn to size correctly and manage your risk well, so that if you are wrong on a trade, you are able to take the loss and move on. No one is right all the time, so you must prepare for those times in advance. Trading in a down cycle The market has been ve Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets. Support the show Connect with Casey: Website: https://caseystubbs.com YouTube: https://www.youtube.com/TradingStrategyGuides YouTube: https://www.youtube.com/caseystubbs Facebook: https://www.facebook.com/TradingStrategy LinkedIn: https://www.linkedin.com/in/caseystubbs Twitter: https://twitter.com/caseystubbs TradingStrategyGuides.com: https://www.tradingstrategyguides.com/ Global Prop Trader: https://globalproptrader.com/ Email: podcast@tradingstrategyguides.com
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