Trading from Home with GB

In this podcast we are going to talk about trading high volatility. I want to talk about my experience in trading extreme or significant events such as elections and I’ll give you some tips on how to take care of risk and hopefully come out ahead. I refer to some charts and other things in this podcast. These can be found here: https://bowerpost.com/2020/11/03/elections-trading-volatility/ [https://bowerpost.com/2020/11/03/elections-trading-volatility/]

In this episode, we talk about choosing a broker. This chat considers the following: 1. Full service versus discount. 2. Commissions rates. 3. Data fees. 4. Other fees. 5. Access to software. 6. Access to data. 7. Access to markets. Questions to consider or ask a potential broker: * Do you have day discounted day trading markets? Do they change the commissions you pay? * Do you support exchange traded spreads and spread margins? Examples: calendar spreads NoB, FyT, ZW-KW and * If I have an account in two currencies, one negative and one positive (but net positive overall), am I charged a fee on the negative balance? * (If trading options) do you charge round turn upfront for short options? Or do you charge for expiring options? * Are there other fees I need to know about? Other questions: * Is there a package deal on data? For example, is there a US futures package or a worldwide future package? * Can I keep funds in one currency and trade in another without extra fees or penalty?

In this podcast series we are setting up a trading account from scratch.  We are trading some old and some new markets with new software and along the way building an approach. The sheet of paper is pretty blank at the moment. In this episode, we are going to talk about what markets we are going to trade and why. We talk about exchange traded products, liquidity, affordability, volatility and ‘spreadability’. We look at the micro futures contracts. Micros are available in the DOW, Nasdaq100, the Russell2000 and the S&P500. More trading Podcasts: https://bowerpost.com/ [https://bowerpost.com/] Discount Courses Code: For those not yet enrolled in the DOM Scalping Course, used the code TradingWithGB here: https://masterclasstrader.com/dom-boot-camp-spread-trading/ [https://masterclasstrader.com/dom-boot-camp-spread-trading/] Or check out other specials here: https://masterclasstrader.com/specials/ [https://masterclasstrader.com/specials/]

If you are now at home and looking either start trading or step up your trading, this series applies to you. In this episode, we cover things such as getting the right seat and desk and PC accessories. We talk about how Mozart can help us and offer some more podcast and trader training solutions. Get 40% off a combo trader training package at MasterClassTrader.com https://masterclasstrader.com/dom-boot-camp-spread-trading/ [https://masterclasstrader.com/dom-boot-camp-spread-trading/] Offer is available for a limited time.

All right, so we are all trading from home now. Could be far far worse. On and off I have traded from home for over 20yrs. I traded for a fund, from home. I was the CEO of a broking firm and did half of my day’s work from home. And I have trained hundreds of prop traders, from home. So, in this new series we are going to talk all about trading from home. It’s doable, and I have some tips that will help you. This series will talk about everything from your desk ergonomics to trading analytics. * We’ll set up your trading office. * We’ll set up an account. * We’ll set up the software. * We'll talk about how to look at the market and make decisions. * What type of orders to place and how to place them. * We’ll talk about risk management. * We’ll talk about your trading plan too – and building that. * We’ll even talk about how Mozart can help your day trading. This podcast will show you why it’s better to be trading from home – your way - than relying on a prop firm to trade their way. I’ve done both. I know the differences. I know which one is better. In short, it should be everything you need to make a real go at it. I’m not talking about how to trade in 5 minutes per day. I’m not one of those guys. I’m not talking about trading from your laptop while taking pics if yourself in front of a jet and posting it on Instagram. I’m not one of those guys either. I’m going to do this, warts and all, because it’s real. And that’s what we need. So, let’s get started. In the next episode I want to talk about setting up you home trading office. Even if your set up already, have a listen. There might be a tip or two that you pick up. So, go ahead and play the next one now. This one is too short. You cannot stop here.