# 293. $91k Loss to 91% Win Rate ... How He Found The Blueprint To Consistently Profitable Trading

An episode of [Trading Nut | Trader Interviews - Forex, Futures, Stocks](https://invisiblenetwork.ai/podcast/1435314680), 29 Jan 2025, 36 min.

Audio: https://media.tradingnut.com/podcast/legacy/ep293-michaelkatz.mp3

In this episode, I interview Michael Katz, a veteran day trader with 15 years of experience in stocks and futures. Michael shares his trading journey with me, including a significant $91,000 loss while trading Virgin Gal Full episode + show notes: https://tradingnut.com/michael-katz/ Key moments • \[05:49\] The thing about trading is actually getting into a position with a small risk and adding more as it goes to your favor or against you as long as you're within your risk parameters. • \[08:30\] You got to understand that the results that you're getting from back testing will be different in real life. • \[18:27\] The first thing that it's super hard for traders to do is just to handle their risk size. • \[19:06\] If you already found the right trade, wait a minute in the trade, let the trade work and then exit the trade. • \[19:31\] Wait a little bit more. Give yourself that chance or give the trade a chance to work. • \[28:24\] Indicators are a reflection of the price. • \[28:52\] Focus on the naked chart and just find those areas of major supply and demand. • \[29:29\] Get rid of the Ferrari dream. • \[30:23\] Try to avoid that feeling or thoughts about "I'm going to be rich" because it's not about that. It's about being consistent and long term. • \[31:28\] You just need to continue to trade slowly as you already did yesterday and be humble about trading. Watch on YouTube: https://www.youtube.com/watch?v=SHGZi1ya01o Sponsors BlackBull Markets - 100% deposit bonus & free TradingView. NZ-regulated broker. https://tradingnut.com/go/blackbull/ FTMO - Buy a challenge and we’ll help you pass it. https://tradingnut.com/go/ftmo/ More from Trading Nut Strategy Vault - Free guest setups organised by method. https://tradingnut.com/go/vault/ TraderZen - Your rules, open beside the chart before you click. https://tradingnut.com/go/traderzen/ Dynamic Traders Club - Free 7-minute rule strategy — mechanical intraday setup. https://tradingnut.com/go/dtc/ Educational content only - not financial advice. Trading involves substantial risk of loss. Risk disclaimer. Some links are affiliate partnerships.

Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them.