265: Peter Stolcers - Taking a Top-Down Approach to Day Trading

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 16 August 2023

⏱️ 74 minutes

🔗️ Recording | iTunes | RSS

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Summary

Seeing and feeling the intensity and chaos of the trading pits back in the 1980’s, Pete knew immediately that trading was the career he had to have. Starting as a floor runner making $5/hr to later trading full time for a living Pete discovered the importance of finding stocks with relative strength during the bear market of 2002. Pete uses a top down 3 step methodical process which helps him zero in on stocks to go long or short. From longs to shorts, conservative credit spreads, high leverage options to occasional Lotto trades, Pete fine tunes his versatile strategies to match current market conditions. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Chat with Traders is sponsored by Trade the Pool.
0:03.7	Our concerns about limited buying power, insufficient capital,
0:07.3	or fear of losing your own money,
0:09.5	preventing you from advancing your trading capabilities.
0:12.4	Trade the Pool is an online stock trading prop firm
0:15.8	that offers funding for stock traders.
0:18.1	Demonstrate your skills, trade their capital,
0:21.0	and keep your profits.
0:22.6	You can engage in intraday trading
0:24.9	and now swing trading on Trade the Pool.
0:27.8	With any U.S. stock or ETF,
0:30.4	the procedure is straightforward.
0:31.9	Pay in evaluation fee, successfully complete the evaluation
0:35.9	and get funded.
0:36.9	Visit tradethepool.com forward slash chat to learn more.
0:42.0	Trading in the financial markets involves a risk of loss.
0:45.4	Hawcass episodes and other content produced
0:48.1	by Chat with Traders are for informational
0:50.4	or educational purposes only
0:52.5	and do not constitute trading or investment recommendations
0:55.9	or advice.
0:57.7	When most people hear about trading system,
	...

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