In this episode we catch up with Patrick Petersson, who returns two years after his first interview on Chat With Traders on episode 260, where he shared his incredible story of overcoming hardship to attaining success in trading as a professional trader. Patrick has become best known for his intuitive, price-action, news-based, scalping trading style. Shifting from trading as a lone wolf to collaborating with others, Patrick shares his personal transformation that he underwent by mentoring and guiding other aspiring traders to realize their greatest potential.
In a refreshingly blunt conversation, Patrick shares practical, real-life trading topics and issues that traders are experiencing today, including the psychological and practical challenges of trading, and the role community and engagement plays in one’s trading development. He also shares his thoughts on the sharp divide between traders risking their own capital and those cycling through prop firm evaluations, and the shortages of honest guidance for traders, and so much more.
More about Patrick Petersson:
Patrick has over 20 years of experience in the U.S. stock and futures markets. As a retired professional trader, he now guides traders of all levels and has been a driving force in trading communities such as the Chat With Traders and MenthorQ communities. Currently at MenthorQ, he developed the MenthorQ Blindspots and Trading Roadmap principles, which aim to simplify trading with the principle: Keep It Super Simple. He also hosts MenthorQ TV, where he interviews guests and shares trading strategies. Additionally, he is a father of two and resides in Dubai with his family.
Topics & Timestamps:
Please note: Exact times will vary depending on current ads.
- 00:00 Introduction and background
- 03:35 Benefits of being in a community
- 10:00 Using the VIX as one of the essential tools
- 10:28 Simplifying Trading Concepts
- 13:00 Trading in High Volatility Environments
- 22:00 The Need for Better Trading Guidance
- 25:00 How to differentiate good education from poor ones
- 29:00 Challenges of Funding-Prop Firms
- 38:40 How Patrick guides developing traders
- 47:15 Forgetting the lessons from the past
- 57:00 Avoiding stagnation in trading
- 1:01:00 Success stories from the community
- 1:07:00 Real Estate as an investment
- 1:08:00 Using Cash Flow for Trading
- 1:08:20 How to reach Patrick
- 1:10:00 Bonus segment with Tessa
Links & Resources
- Find Patrick at https://menthorq.com/about-us/
- Chat With Traders Episodes with Patrick: https://chatwithtraders.com/ep-260-patrick-petersson/ and https://chatwithtraders.com/ep-262-cwt-community-henrik-patrick/
- Books Patrick mentioned: Atomic Habits and Extreme Ownership.
Sponsors of Chat With Traders Podcast:
- Plus500: https://us.plus500.com/
- Trade The Pool: https://tradethepool.com/
Trading Disclaimer
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.