Lamboraul interviews TORI TRADES about her trading journey!

TL;DR

Tori, a successful female trader, shares her journey in trading futures, her trading strategy, and her plans for future entrepreneurship.

Transcript

foreign everybody we're here at day two on the FX Summit here with a very special guest Miss Tori trades thank you for coming on to the short notice podcast but I wanted to bring you on because obviously I've seen you've been growing like crazy on social media actually watch a lot of your videos I find them to be very valuable when I really find th... Read More

Key Insights

• 👀 Tori Trades has seen significant growth on social media and her trading strategy focuses on trend lines and support resistance, which she calls "action lines" and "safety lines." She primarily trades oil but also incorporates gold and occasionally trades indices like the NASDAQ and S&P.
• 🌟 Tori faced challenges as a female trader in a male-dominated industry, including comments about her appearance and being accused of not making money in trading. She emphasizes the importance of being self-aware and not taking losses or wins personally.
• 💡 Tori found consistent profitability in her trading around year three or four and noticed a change in her emotional response to losses, leading to better trading outcomes.
• 💼 Trading is not Tori's only goal, as she plans to have equity in companies and become an entrepreneur. She sees trading as a means to fund her other business ventures and investments.
• 🤔 Tori advises aspiring traders to have an entrepreneurial mindset and emphasizes the importance of multiple sources of income. She believes that trading can be the main source of income but encourages diversifying income streams.
• 💰 Tori's profitability increased significantly when she took the pressure off her trading and embraced a more relaxed approach. She acknowledges that trading results should be evaluated on an annual basis, rather than focusing on individual months.
• 🚀 Tori Trades is interested in expanding her trading knowledge through more in-depth conversations and hopes to continue sharing her valuable insights with others. She believes in continuous learning and exploring new opportunities in the trading industry.

Questions & Answers

Q: What is Tori's trading strategy based on?

Tori's trading strategy is based on trend lines and support/resistance levels. She uses these levels to determine her entry and exit points.

Q: How did Tori find consistent profitability in her trading?

Tori found consistent profitability in her trading after three to four years of experience. She became less emotional about losses and learned not to micromanage her trades.

Q: Why did Tori choose to trade oil futures?

Tori mainly trades oil futures because she has been trading it for a long time and feels comfortable with its volatility and stability.

Q: What challenges does Tori face as a female trader?

Tori faces challenges such as comments on her appearance, accusations of lack of knowledge, and unsolicited advice. She believes that being self-aware is crucial in overcoming these challenges.

Q: How does Tori plan to expand her ventures beyond trading?

Tori plans to become an entrepreneur and have equity in different companies. She wants to create businesses and have multiple streams of income.

Q: When did Tori find consistent profitability in her trading?

Tori found consistent profitability in her trading after three to four years of experience. This was a pivotal moment for her, where she decided to continue trading and saw positive changes in her trading mindset.

Q: What advice would Tori give to someone who wants to leave their job and start trading?

Tori advises having an entrepreneurial mindset and creating multiple sources of income. Trading should be the main source, but it's important to have other income streams to ensure financial stability.

Summary & Key Takeaways

• Tori Trades is a successful trader who has been trading futures for eight years.

• She uses a simple strategy based on trend lines and support/resistance levels.

• Tori found consistent profitability in her trading after three to four years of experience.