Podcasts · Trading Nut | Trader Interviews - Forex, Futures, Stocks

$77,000 in 2 Hours: Secrets of a Pro Day Trader w/ Steve Ruffley

15 Jan 2025 · 51 min · Episode 291

Episode $77,000 in 2 Hours: Secrets of a Pro Day Trader w/ Steve Ruffley

0:00 51:00

In this episode, a seasoned trader Steve Ruffley discusses the psychological challenges retail traders face when transitioning from demo to live trading. Steve emphasizes the importance of an emotional connection to trad

Full episode + show notes: https://tradingnut.com/steve-ruffley-2/

Key moments

• [04:21] It's all the psychological and emotional side that people find it's so hard, so difficult with and it's always going to be difficult when you're dealing with money. • [05:24] A lot of people don't really kind of understand the relativity of size and time. • [21:33] If you want that money, it has to include some variation of size. • [22:19] If you don't have that emotional connection to the trade, you're not vested into that trade. • [23:37] It isn't about how much you win. It's about how much short-term pain and risk makes you almost uncomfortable at the start. • [24:29] This whole idea of taking profit the first time is offered, is so invaluable when you first start trading. • [29:13] The only system strategy outcome for any real trader is to make money. • [42:49] The only way you can test yourself and see what can be done is moving that size up. • [47:34] You are your own boss, you're the trader, you take responsibility. You have to develop and own your own style.

Watch on YouTube: https://www.youtube.com/watch?v=LKV3BT1dmzI