Notes from Tori Trades' Presentation

Introduction

• Hosts: Tori Trades and her sister Payton
• Payton is attempting her very first live trade after 10 years.
• Both sisters initially learned trading from their uncle.

Payton's Trading Background

• Payton has experience in simulation trading (sim trading) for about 1-2 years.
• Recently inspired by Tori's success in turning $20K into nearly $1M.
• Payton is now trading live capital for the first time.

Tori's Mentorship using Tradezella

• Tori uses Tradezella's mentor mode to track and mentor Payton's trades.
• Ability to add notes, monitor trades in real time, and hold Payton accountable.
• Aims to monitor strategy compliance and emotional control during trades.

Payton's First Live Trade Experience

• Traded without looking at price; relied on alerts.
• Used a double confirmation method: trend line and horizontal line.
• Initially paper traded platinum but switched due to its high cost.
• Transitioned to MNQ (Micro NASDAQ Futures) for live trading.

Lessons Learned

• Importance of not practicing trading on unaffordable instruments.
• Learned about contract switch days in futures trading.
  • Futures contracts have expiration dates like milk.
  • Traders must be aware of contract expiration to avoid unwanted delivery.
• Payton comfortable with a loss limit of $250.

Trading Strategy and Risk Management

• Payton managed risk well with a $30 loss on her first trade.
• Emphasized the importance of waiting for low-risk setups.
• Avoided FOMO (Fear of Missing Out) and high-risk trades.
• Tori highlighted the importance of patience and selective trading.

Technical Analysis

• Payton used various timeframes like the 1-hour and 4-hour charts.
• Adjusted lines for clarity during contract switches.
• Practiced regularly adjusting lines and setups.

Future Plans and Goals

• Payton to continue trading in a disciplined manner.
• Plans to participate in the Discord trading community.
• Aim to fund her dream of making money doing what she loves.
• No plans for Payton to start her own trading YouTube channel.

Closing

• Encouragement to fellow traders to share their journey and stay disciplined.
• Tori will keep followers updated on Payton's trading progress.