Lecture Notes: Tori Trades Interview on Humble Traders Podcast

Introduction

• Guest: Tori Trades, a female trader known for her trendline trading strategies.
• Focus: Simplicity in trading, Tori's journey as a college dropout to a successful trader.
• Discusses the impact of social media on traders' mental health.

Tori's Trading Background

• Initially a beauty school dropout, introduced to trading by her uncle.
• Uncle was a retail trader in stocks; taught Tori the basics and psychology of trading.
• Transitioned from day trading stocks to swing trading futures.
• Primary focus on trading futures, specifically platinum and previously crude oil.

Trading Strategy

• Main Strategy: Trendline trading on a 4-hour timeframe.
  • Focus on 3 touch points for a trendline break.
  • Criteria-based entry and exit, not just simple line drawing.
  • Trades both bullish and bearish breaks.
• Risk Management:
  • Risk is determined by the proximity of price to the opposing trendline.
  • Stops are placed on the other side of the new trendline.
  • Position size can be adjusted based on risk assessment.

Journey and Challenges

• Took about three years to find consistency and profitability.
• Encountered challenges with psychology and consistency.
• Often faced FOMO and necessary patience in waiting for setups.
• Biggest lesson: trading is a journey and takes time.

Social Media and Trading

• Tori's presence on platforms like YouTube, Instagram, Twitter.
• Impact of social media pressure and negativity on trading decisions.
• Emphasizes keeping trading strategies simple despite criticism for simplicity.

Trading Instruments

• Predominantly trades platinum due to its respect for trendlines.
• Occasionally traded other futures like crude oil, gold, and corn.
• Each instrument is chosen based on how well it suits her strategy.

Prop Firms and Funding

• Prop firms are a popular entry method for traders with limited capital.
• Tori is testing prop firms to explore their benefits and structure.
• Prop firms provide leverage and risk mitigation advantages.

Lessons and Insights

• Understanding trading is a long-term journey.
• Testing and modifying strategies based on personal fit and results.
• Importance of journaling trades for analysis.
• No single best strategy for everyone; customization is key.

Final Thoughts

• Tori emphasizes the simplicity and patience in trading.
• Encourages traders to find their edge and stick to what works for them.

Call to Action

• Listeners are encouraged to focus on a basic set of strategies and avoid distractions from external market signals.
• Tori's social media: search "Tori Trades" on various platforms.