Lecture Notes: Trading Insights from Brando

Overview

Brando is a successful trader who has reached multiple eight figures in his trading career.
Known for breaking the traditional trading rule of using stops, which has been crucial to his success.
Emphasizes the importance of high risk tolerance, patience, and a strategic approach to trading.

No Stop Loss Strategy:
- Brando sizes his trades with the possibility of losing the entire amount (sizing for zero).
- Believes that setting stops in options trading, especially with high volatility, limits potential gains.
- Mentally prepares for every scenario and believes this approach has led him to significant financial success.
High Risk Appetite:
- Acknowledges that not everyone can handle the risk of losing large amounts, but views money as a tool to create more wealth.
- Emphasizes understanding personal risk tolerance and not everyone needs to aim for extremely high financial targets.

Transition from 4 to 6 figures is challenging due to limited capital.
Learned to manage risk and developed trading strategies through experience.
Achieved significant success with trades like GME, netting $2.7 million in 24 hours.

Focus on Momentum and Setups:
- Trades around 75-80 times a month, all considered A+ setups.
- Uses support and resistance as the core of his strategy.
- Prefers breakout trades where stocks break key levels.
Review and Adaptation:
- Continuously reviews trades to understand performance and adapt strategies.
- Keeps detailed trade logs to analyze and improve trading methods.

Recognizes when to adapt strategy based on market conditions, such as selling options premium during bearish markets.
Emphasizes the importance of staying flexible and ready to pivot based on market changes.

Started trading to achieve financial independence, initially inspired by peers making substantial profits.
Focused on learning and mastering simple trading strategies that align with his risk tolerance and market understanding.
Advocates for patience and the importance of waiting for clear market opportunities rather than trading daily.

Brando's journey was marked by a strong belief in himself despite external doubts.
Avoided distractions and focused on developing a robust trading approach.
Continues to trade because of the love for the market and the challenge it presents.

Enjoys the competitive nature of trading and the continual learning process.
Encourages traders to understand their unique risk appetite and develop a trading style that suits them.