295 · Animal Speed, Size, and Being Right at the Right Time w/ Steve Ruffley

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Steve Ruffley transitioned from a highly competitive trading floor environment to becoming a professional retail trader. His entrance into trading was unplanned – a mix of ambition, timing, and the right connections. After leaving university early, he took a finance job and then moved to Gibraltar, where he met traders running a new trading floor. Intrigued, he joined their intense graduate program, enduring six weeks of brutal tests where failure meant dismissal. The trading floor was an adrenaline-fueled world – rows of screens, high-stakes trades, and a culture of camaraderie and competition. This experience undoubtedly shaped his trading mindset, philosophy, and technique, where risk is not a dirty word, and size and speed are essential. Steve is also a trading mentor and the author of his latest book, “The Pro Retail Trader”.

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Topics & Timestamps:

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  • 00:00 Introduction and background
  • 05:00 First job as a trader
  • 11:00 What he learned at the prop firm
  • 19:20 The importance of taking on risk
  • 20:20 Common traits of retail traders
  • 23:45 Finding the one big trade per month
  • 28:20 Setting his buy and sell targets
  • 32:00 How narrative is impacting the markets
  • 38:00 The animal when it comes to trading
  • 41:00 The biggest lie about trading
  • 46:18 Managing the onside offside part of the trade
  • 49:00 80% of his trades are shorts
  • 54:30 When the markets hit extremes, it will always pull back
  • 59:26 How to reach Steve
  • 60:00 Bonus behind the scenes with Tessa

Steve Ruffley

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