Observations from a veteran broker on The Makeup of Successful Traders With Matt Zimberg
Matt Zimberg is the founder of Optimus Futures, a boutique brokerage firm. He been involved with trading since he was in his early 20s. Even though he doesn’t trade actively anymore, he has a lot of insights into the subject. In fact, he participates in a lot of conversations with traders that are absolute beginners to those who are trading at least 7 figures.
Some of the topics covered during the interview include why professional trading should be boring, tips for choosing the right broker and the makeup of a successful trader.
What’s Covered in This Interview:
- A discussion on returns, including how to manage expectations and how large Wall Street hedge funds differ from independent traders
- The overlaps between gambling and trading
- What types of actions will put you at risk of ruin, and why it should be boring to professionally trade
- Why good traders can find order in the chaos and have been successful in other areas of their life
- Experienced traders and the common misconceptions that surround them. Matt talks about how many still face psychological challenges and trade with unsophisticated methods
- How to develop your own methodology, including the three building blocks traders need to understand
- The downfall of intimidating other traders
- How to find the right broker
- What you need to consider when looking at transaction costs and commissions
Links and Resources:
- OptimusFutures.com – Optimus Futures is Matt’s brokerage firm. You can contact him at his email address, which is matt@optimusfutures.com.
- Why Professional Trading Should Be ‘Boring’ – Here is the article on the Optimus Futures blog referenced during this interview, which is about the topic of gambling versus trading.
- @OptimusFutures – Follow Matt and his team on Twitter!
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