This week, joining me for episode 128 is Andy Kershner.
Andy has been an active stock trader since the early 90’s, and in 2001 he founded Kershner Trading Group—a proprietary trading and technology firm in Austin (Texas) and, through a partnership with SMB Capital, Kershner Trading have a second office in Midtown (Manhattan) too.
Sponsored by TradeStation:
- Very few online brokers offer the services, tools and technology (all-in-one!) – for active traders – like TradeStation do. Learn more and get started here.
Topics of discussion:
- Andy talks about his ability to take pain on trades moving against him, and whether or not day traders with a greater risk tolerance make more money.
- Beyond good strategies; the daily habits which have contributed to Andy’s trading success. Plus, Andy critiques his trades from the session prior to recording.
- Andy shares several types of strategies which have been working for him lately, how he “ladders” into favorable positions and a few tips for doing the same.
- As someone who’s hired many new traders, Andy describes some of the typical errors made by traders just starting out and how they could be better prepared.
“Find an edge, really make sure it works for you, then see how big you can go without effecting the way you trade.”
Links and resources mentioned:
How to support this podcast:
- For a quick and easy way to support this free podcast, please write an honest review in iTunes. It’ll take you two minutes, and it helps massively. Thank you!