288 · When Confluences Align, Confidence Follows w/ Steve B

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We caught up with Steve B, a seasoned professional independent trader with 10+ years of experience in the financial markets we got to know closely through the Chat With Traders Community. Steve teamed up with our community cohost and mentor at the time, Patrick Petersson (featured on episode 260) to run the CWT Community Live Trading Room. They mainly traded futures on major indexes. Many community members were interested in their futures trading approach and streamlined looking charts with key levels derived from options market data, which helped build their trading roadmap. Alongside Patrick, Steve has been an influential mentor inside our community.  He is known specifically for his “Confluence Trading” approach, which you’ll learn about soon.

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Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

Topics & Timestamps:

Please note: Exact times will vary depending on current ads.

  • 0:00 Introduction and background
  • 13:00 Transition to Trading
  • 16:00 Methods chosen after bad penny stock experiences
  • 21:10 One of the gamechangers is his checklist
  • 23:40 Confluence trading
  • 30:10 Measuring institutional support and resistance levels
  • 40:25 Why we should care about gamma exposure
  • 40:30 Position sizing
  • 42:00 How consistency improves over time
  • 49:40 Diversifying profits into other asset classes
  • 53:25 The power of networking and trading with others
  • 58:50 What Steve struggles with most
  • 1:02:00 How to reach Steve

Steve B

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