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Currencies Trading with Pip Czar, Blake Morrow, Ep #136• 48 min
Blake Morrow, the CEO and co-founder of ForexAnalytix, has over 20 years of trading experience and has been a co-owner of a Dallas-based brokerage firm and LiquidTrader Technologies. He spent over 14 years hosting a popular Forex and trading online show, “The Morning EDGE”, where he spent his day trading with and teaching other traders to navigate through the markets. Blake is a seasoned individual investor in both equities and Forex. He is a husband, father, avid golf hacker, and a proud Marine Infantryman (3rd Battalion 9th Marines, 1990-1994). In this episode of How To Trade It, Blake discusses volatility and the importance of good risk management. You don’t want to miss it! Subscribe to How To Trade It Episode Sponsor: A new type of trading with Kalshi. Check it out to get started today. You’ll want to hear this episode, if you are interested in… [06:20] Fractionals[16:47] Size matters[31:05] The problem with social media[39:30] Weekly strategy[41:32] It’s like playing chessThe break that jump started my trading career By the mid ‘90s, I found myself living off of my savings and existing on Ramen and PB&Js. Not really a great place to be. At some point, my buddy and I each got $50,000 from an investor, which I quickly took down to $20,000, in about six months. Then one day, it was as if I hit the lottery. I found a stock that was trading at around $8, and it quickly went to $120. I had some big positions and FINALLY made some money. Fractional shares saved me! They were everywhere, and they made scalping a lot easier. Risk Management Like many traders, when I first started, I only cared about the profits. I wasn’t concerned with managing risk, and I definitely didn’t have a plan in place to deal with it. With 20+ years of experience, now the FIRST thing I want to know is where my risk is. Since I’m managing a community of traders, and not just myself, I try to keep risk management at the forefront of everyone’s mind. You have to essentially start backwards. Before even taking a trade, you need to ask yourself how much you are willing to risk. Resources & People Mentioned Traders Summit - Register for FREE!!! Connect with Blake Morrow WebsitThe Rich Somers ReportWant to build wealth through real estate investing? Give this new podcast a listen!Listen on: Apple Podcasts Spotify FREE Email Marketing AUDITCurrently, our Email Marketing Agency is offering a free detailed audit.Listen on: Apple Podcasts Spotify Support the showConnect with Casey: LinkedIn: https://www.linkedin.com/in/caseystubbs Twitter: https://twitter.com/caseystubbs TradingStrategyGuides.com: https://www.tradingstrategyguides.com/ Email: email@example.com
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