'The Reality of Day Trading For A Living' - Boris Schlossberg

In this trader interview, Etienne sits down with Boris Schlossberg to discuss the reality of day trading for a living. Having been a full-time trader for over a decade, Boris knows the ins and outs of trading for a living, which is stuff you won't be able to find anywhere else on YouTube.

Chapters:
0:00 There is no such thing as discipline in trading
0:45 Introduction
1:58 What it takes to improve your trading skills
5:53 Why do high R:R trades with high Win% don't exist long term
11:04 The 2 setup types that Boris trades on a daily basis
15:25 How to adapt to a prop firm challenge
18:42 Why a prop firm challenge may lead you to lose as a trader
19:44 Does day trading work better for prop challenges?
22:41 How to stick to one trading strategy?
26:17 Should you explore different markets to trade?
28:08 How to keep improving once you find your niche in trading
31:40 Why different markets can be beneficial for you
32:53 Where to find Boris

Boris' YouTube channel: @BKForex

#trading #daytrading #daytrader

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Twitter: @desiretotrade
IG: @etiennecrete

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🛠️ RECOMMENDED TRADING RESOURCES

[dkTruthBuster]

One of the best interviews. One video i would love to download and watch over and over again. Unlike many who does BS, this Gentleman speaks a lot of sense and you can get to feel the real experience in the field. Thanks very much

[FXM]

I’m 50/50 with this guy. 2:1 RR is doable, but win rate might be in the 40%’s or even 30%. It depends on the trader and the market they trade.

[Ck-elite]

Thanks Etienne, another great video. Boris logic totally matched my principle of trading. Good job master boris !

[captain]

After losing 10k almost 20 I canned martingale/grid trading. I'm back to classic 1-2% risk 1.5:1rr. My scalping strategy has a range of 40-60% winrate depending on which pairs and market conditions.

[Justin_C_UK]

I recently started favouring 1:1 R/R for day trading too, and it has done a lot for my psychology and helping me stick to my plan. Wishing I had focussed on this sooner. 👍

[RohnisGames]

Really Liked this Interview, Boris talked alot about what I am actually doing myself, this showed me that I am on the right path.

[henke_palm]

As a "full time trader" I can confirm he is 100% right. Fuck the sexy stuff. Do what works

[The_Eccentric_Trader]

I love this interview. Dnt agree with everything but some good points were made. I think as traders/entrepreneurs we should always keep an open mind when it comes to Different styles of trading and also risk management. To have a 1:1 RR on every trade(To me) is a waste of a edge. The whole point of having a 2:1 or 3:1 RR is to increase your odds of being consistently profitable. This means I could potentially have a 30% or 40% win rate and still be a profitable trader, which is good because trading profits are not linear you win big and you lose small. “Impossible”
Is not a term that I use . 😅

[paulking]

The truth and honesty in this gives me a very positive attitude towards trading

[elwoodpalmer]

High quality material again, it is not the first time we hear in your interview serious traders talking not about the RR but the win rate

[samtroy]

Amazing! This was great! I’ve read Boris’ book over 20x, thank you Etriemme 💎😎👌

[whoaitstiger]

My R/R is 1:Whatever. Whatever is whatever the market will give me. Leverage is _poison._ If you avoid it, you will become rich. Never _ever_ _ever_ _ever_ add to a losing trade no matter how badly you want to. Never. There is just no reason to ever do it. After all these, the ultimate rule above all is _STOP_ _TAKING_ _BAD_ _SETUPS._ Just stop taking them.

[christopherk]

I like what Boris pointed out in the prop firm trading challenge, i.e hitting 10% target in 10 weeks while minimizing losses and making steady small returns. I think too many traders want results quick and that's how they blow up their chances

[FX_Pipboss]

One of the best interview out there on the web, i had to download this one because all boris has said totally align with my trading rules currently and i love it. that means am on the right track. well done E.

[ccjx_space]

"It is non replicable" - this is very truth for any kind of so called "intuitive" trading

[YusufEymen]

Lack of trading discipline is the primary reason for intraday trading losses it is estimated that nearly 80- 85% of intraday traders end up losing money in the forex market Experiencing loss is also part of the game but that don't mean you should give up...

[awelldressedape]

his 1R value trades comment is only applicable to forex, so many better opportunities out there

[tradergman]

I have traded many years and can firmly tell you a 2R system is possible intraday. "For him" what was said is true, but for another trader it does not have to be so. Newer traders remember that.

[r.f.damanikst]

RRR 1:2 is possible with 52% winrate. That's my risk management.

[sharonsmart]

The most important thing that should be on everyone mind currently should be how to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the world 🌍. This is still a good time to invest in various stocks gold, silver and digital currencies