Tom Dante is a London day trader from London who tells it like it is. He doesn’t try to hide the fact about the harsh realities of trading.
He started trading around 1999, and for about 7 years he struggled to gain consistency with his trading results. After achieving a profitable track record, Tom joined a prop trading firm, where he learned a lot of trading principals that have helped him become the trader he is today
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Right now, Tom is an independent trader who focuses on the Bund market intraday.
During this interview, Tom goes into how competitive professional trading, the importance of learning from your mistakes quickly, and the real cost of becoming a great trader.
What’s Covered in This Interview:
- How Tom took advantage of his competitive nature to carry him through 7 volatile years before he broke through to gain consistent profitability.
- What motivated Tom to trade with a prop firm.
- Tom shares some of the best trading principles that hugely profitable traders taught him.
- How Tom looks for trading opportunities, basically capitalizing on areas where you can catch other market participants are caught.
- Why it’s dangerous to ignore the structure of a market you’re trading basically trying to impose risk and reward parameters.
- Why some traders fail while others succeed, even in prop trading where everyone has the same access to software, mentoring and equipment.
- Why traders need to be patient and to learn quickly from your mistakes. Basically, time is a trader’s worst enemy.
- How competitive trading actually, and the actual amount of hours that really profitable traders spend to improve and honing their craft. This includes an eye-opening story that might change the way you view your work ethic.
- What it really costs to become an excellent trader.
Links and Resources:
- Trader-Dante.com – Visit Tom’s website to learn more about him and his approach to trading, as well as a wealth of educational materials.
- @Trader_Dante – Follow Tom on Twitter
- EdgeWonk.com – A tool Tom referenced that can make it easy for traders to journal trading performance and help to discover an edge.
