A trader over the shoulders is all about professional insights and inspiring stories covering all aspects of trading. Todays podcast discusses the battle between Stocks and Crypto and try to find out which will give you more profit.

Join Alex and Miki Katz, a professional trader of 15 years, for a new episode each week.

Watch The Podcast – Stocks vs. Crypto – Where will you have a higher return?

Stocks vs. Crypto – What should you trade

First of all, it doesn’t matter what you trade, Forex, Futures, whatever it is, you gotta look at the U.S market because that’s the king of all and, not trading stocks, not trading shares, that’s insane for me,  because there’s so much volatility these days, there’s a variety of stocks, a variety of companies, you can do a lot. You can find what you want in this ocean of companies. Forex is great, you have many pairs, but you obviously don’t want to trade every single forex pair. But then again, you don’t want to trade every stock in the market either. Most of the guys in The5ers trade once they have specific news, and this is also something amazing that we have in the stock market that you don’t really have in other markets because every single day you will have those 5 stocks that will get big news coming in. Negative or positive, you will find those stocks.

Don’t you feel that once the news reaches you, the move has already happened?

That depends. First, which news are we talking about? An upgrade, like we saw the other day – when we saw an upgrade going from Goldman Sachs to other banks and it showed up premarket and also during the market.

Can you explain what upgrade means?

Basically we have upgrades and downgrades that the institution will give the countries or the companies. Let’s say Goldman Sachs is saying they will upgrade the status of the company from hold to buy, so they are recommending or anticipating the price should continue up and they will usually give it a Target as well. So once a big name like Goldman Sachs is saying that, everyone is jumping in.

Bitcoin

I was looking at Bitcoin and it has gone up probably over 100% right now since the start of the year, and I thought: where else can you get that kind of return in 6 months? Then I saw facebook.

Facebook, Tesla, Nvidia, so many big-tech stocks made a 100% in the last year or so!

We looked at meta from 100 all the way to 300. And that’s a $100 stock. For Bitcoin, even if you put like $20,000 or $30,000 then you have 1 single Bitcoin. It went up to $60,000. You doubled your money, that’s fine. But this is a $100 share, you can buy a lot more than what you will buy from Bitcoin and that 300% will make you a lot more.

I can understand the hype about crypto trading but if you want to trade and you have the option to buy 100 stocks then go over there.

The U.S Market

The market in general for the U.S is looking pretty good at the moment, the volatility has gone up a lot. What are your thoughts on where the market is going?

First of all it depends on why you want to know, because if you’re aiming for the 5 years / 10 years, it doesn’t really matter. If you’re aiming for day-trade it doesn’t really matter. If you’re day trading and swing trading you need to understand basically for the next two weeks, you don’t need to know if the market next year will be higher, if you’re not holding your positions longer than that. The market is close to 6-7% from the top range, breaking into an all-time high. I guess we will do that, it makes sense, but before that we have a major resistance that will drop the price a little bit. But generally speaking it makes sense that we will break through that.

So you don’t really look at like the economy on a whole

Why would I? It doesn’t really matter.

I go through Twitter and see so many talking about the market from an economical perspective, and that’s fine, that’s nice to talk about but when you’re talking about trading it doesn’t really matter. As we trade on our level, not institutional, not holding the position for a year or so, on a day-trade basis it does not matter.

Prop Twitter

There’s an area on twitter that’s just prop traders. You can see some interesting, good parts to it and then some dodgy kind of other parts. Right now you see it and mostly on the Forex side since Funded Trades Now For You is the only company that’s doing prop funding for Forex Traders.

These days you see a lot of forex prop firms. The5ers has been here for the last seven years we are probably among the three companies that has being been around for so long, the rest are just a lot of “pajamas companies” because they are run by two people that operate it, just promoting and marketing, doing it good, it’s like a white label company and you see it also afterwards on trustpilot or on Twitter because they don’t last for long. Traders have to be careful with that. Go with the prop firm that you know that at the end of the day will pay for your profits.

These days there’s so many opportunities, so many resources and to get fully funded by these companies is fantastic for all Traders, you just have to find the right ones.

Brokers account

I’ve been saying it for at least six months or so, going into a broker account, especially for stocks, it’s just a bad decision. These days you literally don’t need to have money in your broker account unless it’s for a long term and you want to just invest in those big-tech, but generally speaking, for traders we have the complete solution that the trader needs. The platform, the feed, the buying power, the additional software. Everything that a trader needs in order to succeed – we’ve got now. And you don’t have to pay $3,000 or $5,000 or 10,000. There’s an evaluation phase after you pay $97 or more, and you pass it.

I’ve played around with different Brokers and I just don’t see the point anymore to put money on an actual brokerage unless it is for long-term spot buying.

For more episodes, check out our channel on Spotify

If you want to prepare yourself in the best possible way for intraday trading, check out our pre market category

The post Stocks vs. Crypto – Where will you have a higher return? appeared first on Funded Trades Now For You - Stock Trading Prop Firm.

Listen to the poscast

The Beginning

Michael explains how he got interested in trading, when his back-then-girlfriend introduced him to the book “Rich Dad Poor Dad” by Robert Kiyosaki, which helped him understand the stock market. Katz was also a gamer when he was younger, which he thinks helped him with trading as he was able to apply the skills he learned from gaming to the financial market. He explains that he only day trades and looks at one-minute charts, as he enjoys the feeling of watching the chart move in real-time and making quick decisions. Katz advises new traders not to trade on their own money and to detach their emotions from their trades, as this can lead to bad decisions. He also shares some tips on how to control stress, such as trading with other people’s money or starting small.

The Big loss

Michael also tells Nicholas about a time when he lost $10K in a trade and had to take a break for two weeks to reflect on what went wrong both mentally and technically. He learned that he needed to be tighter with his risk management and became more disciplined in his trading strategy. He used to trade stocks without focusing on a specific sector but rather trading what moves at the moment based on news and volume. They source his news from the trading platform he uses or the trader pool. Nowadays, he is doing more scalping and holding his positions for about 20-30 minutes. Michael also trades with leverage, up to 1:100 or 1:50, using the trading pool.

Main Setups

Next, Nicholas heard about the two main setups Michael uses for scalping: opening drive, where he shorts stocks when it drops below the first support level, and reverse setups, where he buys a stock after it reaches a major support level. He also uses two indicators: MACD to find negative or positive divergences, and the 200 and 420 exponential moving averages (EMAs) to identify support and resistance levels. Michael explains how he tried different indicators before settling on their current choice. He used to trade four or five stocks simultaneously using a software that connects to his Interactive Broker account to manage trades, but he now focuses on running his professional firm, and only makes one or two trades per session.

Algo Trading

Referring to his experience with algorithmic trading, Michael tells how he developed a system with a friend that worked well on a demo but resulted in losses when they used real money. While he has a mathematical background and can code, he has not pursued systematic trading further because much of his trading involves managing trades, which is difficult for a computer to execute.

Emotional Trading

He describes his approach to risk management and adding to positions, scaling his position and not risking more than they can afford to lose. He notes that fear was one of the most common problems he faced when he started trading, specifically the fear of losing money. He also discusses his impulsive tendencies and the fear of missing out, which led to exiting trades too early and not maximizing potential profits. Michael learned to reduce his risk and to wait for indicators before adding to positions, rather than chasing after a trade.

Conclusion

Overall, Michael’s approach to trading involves managing risk and being patient with trades, rather than relying solely on algorithms.

The post A Trader’s Life Podcast with Nicholas Penrake and Michael Katz appeared first on Funded Trades Now For You - Stock Trading Prop Firm.

A trader over the shoulders is all about professional insights and inspiring stories covering all aspects of trading. This podcast discusses the trader’s winning state of mind.

Join Alex and Miki Katz, a professional trader of 15 years, for a new episode each week.

Watch The Podcast – Funded Trades Now For You Overview

In this episode, Alex asked Michael essential questions regarding Funded Trades Now For You program. Explain the leverage, the unlimited growth, the huge profit potential, and what you need to reach the target.

They also explain what is the difference between retail traders and prop traders and the difference between forex prop firms and stocks prop firms.

For more episodes, check out our channel on Spotify

If you want to prepare yourself in the best possible way for intraday trading, check out our per market category

The post Getting Funded as a Stock Day Trader – Funded Trades Now For You Overview appeared first on Funded Trades Now For You - Stock Trading Prop Firm.

A trader over the shoulders is all about professional insights and inspiring stories covering all aspects of trading. This podcast discusses the trader’s winning state of mind.

Join Alex and Miki Katz, a professional trader of 15 years, for a new episode each week.

Watch The Podcast – Lossing Prop Funded Account

In episode 14, Alex shares with Saul some mistakes that caused him to lose his funded trader account. Join us while we uncover some of the common mistakes that new traders have while trading a prop firm account.

For more episodes, check out our channel on Spotify

If you want to prepare yourself in the best possible way for intraday trading, check out our per market category

The post Alex Shares The Mistakes That Caused Him to Lose His Prop Funded Account appeared first on Funded Trades Now For You - Stock Trading Prop Firm.

A trader over the shoulders is all about professional insights and inspiring stories covering all aspects of trading. This podcast discusses the trader’s winning state of mind.

Join Alex and Miki Katz, a professional trader of 15 years, for a new episode each week.

Watch The Podcast – Recover From a Losing Streak

In episode 13, Alex, Saul & Miki share their feelings when they had a losing streak and how one needs to change his state of mind in order to recover.

For more episodes, check out our channel on Spotify

If you want to prepare yourself in the best possible way for intraday trading, check out our pre market category

The post How One Needs to Change His State of Mind to Recover From a Losing Streak appeared first on Funded Trades Now For You - Stock Trading Prop Firm.

A trader over the shoulders is all about professional insights and inspiring stories covering all aspects of trading. This podcast discusses the trader’s winning state of mind.

Join Alex and Miki Katz, a professional trader of 15 years, for a new episode each week.

Watch The Podcast – Bear Market Myths And Facts

In this episode, Alex, Ruben & Miki discuss bear markets myths and how one can navigate correctly in the current market conditions.

The post Bear Market Myths And Facts You Must Be Aware Of appeared first on Funded Trades Now For You - Stock Trading Prop Firm.

A trader over the shoulders is all about professional insights and inspiring stories covering all aspects of trading. This podcast discusses the trader’s winning state of mind.

Join Alex and Miki Katz, a professional trader of 15 years, for a new episode each week.

Watch The Podcast – Ins and Outs of Trading with a Prop Firm

In this episode, Saul and Alex talk about the pros and cons of being a prop firm trader, in comparison to a retail trader Listen to what Saul, an expert forex trader says about his path as a retail trader and what made him move to the prop industry.

For more episodes, check out our channel on Spotify

If you want to prepare yourself in the best possible way for intraday trading, check out our pre market category

The post Ins and Outs of Trading with a Prop Firm appeared first on Funded Trades Now For You - Stock Trading Prop Firm.

A trader over the shoulders is all about professional insights and inspiring stories covering all aspects of trading. This podcast discusses the trader’s winning state of mind.

Join Alex and Miki Katz, a professional trader of 15 years, for a new episode each week.

Watch The Podcast – Fine-Tune Your Trading Strategy

In this Ep, join Alex & Miki as they explain how the big money players manipulate the markets, why they have to do it, and how retail traders can identify those moves and ride the wave with them to gain profits

For more episodes, check out our channel on Spotify

If you want to prepare yourself in the best possible way for intraday trading, check out our per market category

The post Stock Market Manipulation – If You Can’t Beat Them, Join Them appeared first on Funded Trades Now For You - Stock Trading Prop Firm.

A trader over the shoulders is all about professional insights and inspiring stories covering all aspects of trading. This podcast discusses the trader’s winning state of mind.

Join Alex and Miki Katz, a professional trader of 15 years, for a new episode each week.

Watch The Podcast – Fine-Tune Your Trading Strategy

In this episode, Michael explains to Alex his path on how he created his first strategy and the process over the years until he found success.

Michael shares his best tips for novice traders on developing their own strategy.

For more episodes, check out our channel on Spotify

If you want to prepare yourself in the best possible way for intraday trading, check out our per market category

The post How to Fine-Tune Your Trading Strategy to Get The Best Result appeared first on Funded Trades Now For You - Stock Trading Prop Firm.

A trader over the shoulders is all about professional insights and inspiring stories covering all aspects of trading. This podcast discusses the trader’s winning state of mind.

Join Alex and Miki Katz, a professional trader of 15 years, for a new episode each week.

Watch The Podcast – Building a Winning State Of Mind for Day Trading

In this Episode, join Alex & Miki as they break down some of the emotional aspects of trading.

Miki talks about his psychology when in a losing trade and how you can emotionally recover after taking a big loss.

For more episodes, check out our channel on Spotify

If you want to prepare yourself in the best possible way for intraday trading, check out our per market category

The post How To Build a Winning State Of Mind in Day Trading! appeared first on Funded Trades Now For You - Stock Trading Prop Firm.