I know you’re already sucked back into another week of navigating these markets, but did you get to watch last week’s chat with Brent Donnelly?
No worries, I’ve highlighted some of Brent’s top insights.
Let’s unpack his tips to elevate your trading game ☟
➠ UNLEASHING CREATIVITY IN TRADING: BRENT’S JOURNEY
σ First up, Brent’s unique edge: blending creativity with trading.
He’s written a daily global macro piece for years.
Helping him express himself and stay sharp on the big picture.
Never underestimate the power of creativity in your trading career!
➠ TEACHING RETAIL TRADERS: PASSION MEETS KNOWLEDGE
σ Brent has found that teaching retail traders is more rewarding than teaching institutional ones.
Retail traders are eager to learn and are engaged.
Reminding us that having a receptive audience is crucial for any teacher.
Stay hungry for knowledge, folks!
➠ MASTERING THE MACRO
σ Your edge today is not your edge tomorrow.
Brent’s top tip?
Understand the current narrative and global macro picture, then identify new info that moves the needle.
Ride the waves of change and keep probabilities in your favor.
It’s all about being flexible/adaptable!
➠ TIME HORIZONS & STRATEGIES
σ Time horizon matters.
Brent generally looks at one day to one week, finding his edge on longer-term horizons through optionality.
He’s also a fan of the magazine cover strategy.
Which he’s made systematic to avoid cherry-picking based on personal views.
☞ Take a dive into Bren’ts magazine cover strategy ↴
➠ ADAPT OR DIE
σ Adaptability is vital!
Brent warns against sticking to one strategy and being blind to market regimes.
Keep multiple styles or adjust your strategy accordingly.
As the market evolves, find new sources of edge to stay ahead of the competition!
➠ NAVIGATING ALGO DOMINANCE
σ Algorithms are dominating trading, so how do we adapt?
Brent suggests finding new ways to make money and staying open-minded.
Rather than complaining, understand the market regime and adjust to it.
Remember, markets are here to inflict as much pain as possible.
➠ KNOWING WHEN TO PIVOT
σ Strategies fail, and that’s okay.
Don’t keep pounding your head against the desk.
Trading is tough enough as it is without you beating yourself up.
Sometimes it’s better to cut ties, take the loss, move on, and pivot to other opportunities.
Understand your edge and keep refining your process!
This is a never-ending process.
➠ ENTREPRENEURSHIP & TRADING
σ Time management and prioritization are essential when running your own business.
Brent’s learned to say no to favors and focus on what matters.
This creative freedom has improved both his trading and writing.
Plus, he’s happier for it!
➠ BUILDING YOUR TRADING NETWORK
σ Networking is crucial.
Brent misses the camaraderie of the trading floor, but he’s been able to find a sense of community elsewhere.
Through Zoom calls, Brent has been able to connect with traders worldwide.
Build your network, even if it’s just people still learning.
It’ll give you an edge!
➠ USING OPTIONS TO TRADE BEYOND THE TRENDS
σ When trading options, Brent emphasizes high expected value.
He looks for moments when volatility or gamma is underpriced.
The key here is to understand the market on a deeper level rather than just following trends.
There’s no free money in trading events!
➠ LIFE LESSONS FROM THE MARKETS
σ Trading teaches life lessons.
Brent has learned to approach each day as its own entity.
Giving every single day his very best effort and being present in each moment.
Trading, like life, is all about being mindful and adaptable.
The power of now is real!
☞ Go hear all this and more straight from the man himself, Brent Donnelly, right now!
The Art of Trading featuring Brent Donnelly | Trader Chats | April 13, 2023 ☜
☞ Ready to continue taking your trading and options education to the next level?
We can help!
We’ll be holding our first Options Trading Bootcamp of the year on April 29-30.
A virtual deep dive into the world of options, with a syllabus & teaching to strengthen your options game no matter your experience level.
There’s no better time to learn how to profit from volatility than right now.
We, unfortunately, have a limited amount of attendees allowed on the call at once, so click the link below to register ASAP ↴
Q2 2023 Options Trading Bootcamp
☞ Thank you for making it this far
Please share this with others to help spread Brent’s amazing experience and insights.