The simcast – – Tradingsim

Mas is a day trader from Germany who loves to trade overextended gappers very early in the morning. Starting out almost a decade ago, it took him at least 5 years to really reach consistency. In this SimCast episode, Mas shares with us the adversity he faced and how he found the consistency he wanted. Be sure to give him a follow on Twitter as MasTrades.

Mas’s Early Adversity

In the early days, Mas shares with us how he started out blowing accounts in Forex. After reading a few books, and checking out Tim Sykes, he found success with one penny stock that took him up to $200k in profits on a single trade. However, as fate would have it, he HODLed a little too long, and rode it all the way back down.

Mas admits that pain and experience have been the best teachers for him. Those early experiences only drove him to succeed that much harder. Despite having to move in with his parents, he knew it was only a matter of time before he achieved success.

Finally Finding Consistency w/ 4am Gappers

Mas admits that it wasn’t until he took about 6 months off from trading to backtest a certain strategy that he found the success he wanted. He noticed a strategy centered around super-extended pre-market gappers. After screenshotting and studying hundreds of these charts, he found the confidence he needed to focus on this edge.

Mas's premarket gap strategy — Mas’s premarket gap strategy

During the interview, we get a sneak peak at some of Mas’s best trades. Not only that, but we get a peak at what he does when trades go against him, how he manages risk, and the spreadsheets he tracks everything with.

Mas is a huge advocate of discovering your own strategy. Although he finds benefit from chat rooms and other educational websites, it wasn’t until he tested his own strategies that he found consistency.

Mas Trades Chapters and Topics

Intro – 0:25
Mas’s Background in Trading from 2012 – 4:04
Forex Blowups – 7:08
The $200k Ride – 9:24
Quitting the investment banking job – 11:30
Pushing through pain and inconsistency – 15:20
Importance of Backtesting 20:20
Mas’s Trade Recaps 23:29
Adjusting Risk – 28:30
Covering based on data – 30:00
WAFU stops and R/R- 36:00
Using Evernote for Pattern Rec – 42:00
The Long Side of Mas – 43:45
Backtesting variables – 46:10
Mas’s P/L curve – 49:20
Big loss in 2021 – 50:34
Tracking discipline – 55:30
Profit goals – 1:08:00

In this episode of the SimCast, we were joined again by veteran trader Roman Bogomazov. Roman is the purveyor of WyckoffAnalytics.com and is one of the most prolific technical analysis educators in the world. His approach to trading mastery stems from a deep knowledge of advance market analysis techniques based on Richard Wyckoff.

In Part I and Part II of our interviews with Roman, we covered his trading history and the basic of the Wyckoff methodology. If you missed those episodes, please do yourself a favor and check them out.

Wyckoff Analytics home page, where Roman teaches trading mastery

The Path to Trading Mastery

In this episode, Roman breaks down his strategy for teaching trading mastery. As part of this, Roman discusses the importance of mentorship, speeding up the process, competing against yourself, and more. In addition, Roman shares his 4 steps to mastery:

Knowledge
Skill
Process
Mindset

These are his 4 core components to building mastery in trading. Along those lines, we take the time with each step in the interview, sharing practical examples of each.

For example, within the knowledge level, your goal is to read, read, and read. You read about technical analysis, psychology and more. Consequently, it isn’t until you reach the skill component that you begin to practice. This evolves into process and mindset where Roman recommends reading less, and doing more observing.

As an advanced trader, you should have the foundation already. Your time is better spent developing your skills and scaling up your consistency and wealth.

Lastly, Roman discusses the importance of community and feedback.

SimCast Ep. 10 Chapters and Topics

Intro
What is Mastery? – 0:45
Speeding up the Process – 13:20
Competing Against Yourself – 19:10
4 Steps – 26:50
Community – 38:15
Outro – 45:30

For more information about Roman, be sure to follow Wyckoff Analytics on Twitter.

This week’s SimCast episode was a real treat: as good as Venezuelan arepas and taqueńos! We had the pleasure of speaking with Eduardo Briceńo about his journey through adversity, emigrating from Venezuela to the US.

Eduardo’s Background

Eduardo obtained degrees in engineering and finance while in Venezuela. However, due to the unrest in the country, he fled with his wife and unborn child in 2018. While in Venezuela, he began studying and trading the markets, starting with Tim Sykes and others.

After landing in Houston, Eduardo continued his path to mastering the markets by studying other traders like Stephen Dux, JTrader, and Nate Michaud. He also started teaching his fellow Latin Americans how to trade. Eduardo, who goes by edu_trades on Twitter, has a serious following of over 1000 subscribers to his Discord channel, most who come from Latin America.

Briceńos passion for his culture and people is evident, and his style is fast and calculated.

Eduardo Briceńo Trading Style

In this episode, Eduardo shares a handful of trades and explains how he adds liquidity to the market with his trades. This is a great way to cut down on commissions and actually “get paid” to trade.

We also get the backstory on some of his early blowups and how his community rallied behind him to overcome and succeed. Since coming to the US and only making about $1000/month. He has really leveled up his game. You can follow his all-time equity curve on Kinfo:

Eduardo Briceńo's success at time of publication — Eduardo’s success at time of publication

Be sure to follow Eduardo on Twitter or Instagram, as he is always putting out great content. We’re thankful he came on the show.

Chapters and Topics

Intro
Venezuela to US – 2:05
Early Trading – 9:00
Perseverance – 14:23
Vision & Process – 21:10
Recycling Shares – 26:55
Scaling in 2022 – 41:35
Outro – 51:00

In Part 2 of our series with Roman Bogomazov, we jumped right into the basics of the Wyckoff Methodology. Roman has studied all the titans of technical analysis, from Dow to Gann, but Wyckoff is by far his favorite.

If you’re unfamiliar with the tenets of the Wyckoff Methodology, this episode dives into what makes it such a foundational, scalable technique to discern the markets. We discuss the history of Wyckoff and his interactions with Jesse Livermore and others.

We also dive into the schematics of Wyckoff trading ranges and how they give us a framework for almost all price movements. Later, Roman gives us his most recent analysis with Bitcoin and a few trades he’s made, both day and swing.

Episode 4: Wyckoff Basics Chapters and Topics

Intro
Who was Wyckoff — 1:38
Composite Operator — 9:50
Wyckoff Framework — 16:00
Bitcoin Schematics — 26:40
Roman’s Trades — 39:45
Outro 1:05:55

Pay close attention to the way in which Roman dissects his own trades. We think you’ll not only be amazed, but inspired by the way he applies Wyckoff’s principles of technical analysis. Our hope is that this will encourage you on your path to mastery.

Be sure to watch our Part 1 with Roman, if you haven’t already watched that interview.

Brandon has been a full-time day trader for over a decade. Getting his start in 2011, he has progressed from his early struggles to now making more than $100k in a single day. Known as “Cole Trickle” on his Twitter handle @crawfish-poboy, Brandon is an outspoken and very active trader, sharing his wisdom and trades with his followers.

In this episode, we dive into Brandon’s early years as a moderator at InvestorsUnderground, his progression through some really tough losses, how he manages risk, and some of his recent trades like DWAC. In fact, at the time of posting, Brandon hit a homerun trade, profiting more than $500k on symbol OCGN on both the long and the short side!

Brandon's OCGN trade — Brandon’s OCGN trade

Chapters and Topics for @crawfish_poboy

Intro
2011-2014 — 1:00
A+ Strategies — 6:50
Chat Wars — 15:05
Trade Reviews — 24:45
Brandon’s Style — 37:13
Early blowups — 45:36
Risk Management — 53:09
Philanthropy — 58:35
Outro — 1:01:25

In Episode 6 of The SimCast, we had the opportunity to sit down with Ricky Analog of TrueTraders.net. In this episode we use one of Ricky’s recent trades in $CEI to discuss the importance of risk management and key technical levels. Pay close attention to how Ricky discusses waiting for the backside of the trade.

Ricky Analog the Mentor

We discuss a range of topics like how Ricky got started and how his early failures taught him to succeed. Mentors were a huge impact on his life. Now, Ricky spends a lot of time mentoring his own students.

Here’s one great quote from the interview that stands out about Ricky’s mindset on losses:

You’re not climbing out of a hole; that’s just where you’re starting from. You can’t win those chips back.
Ricky Analog

Ricky is an expert when it comes to digging for fundamentals and filings on stocks, especially pump and dumps. In fact, he’s got his own YouTube series teaching new traders how to DDIG for these filings. Be sure to check out that series if you are interested in learning how to comb through filings.

Also, be sure to follow Ricky for his Sunday prep on YouTube. He’s always offering up some great free advice and ideas every Sunday. You can find him on Twitter at @RickyAnalog.

SimCast Ep. 6 – Chapters and Topics

Intro
Background – 3:10
Early struggles – 5:30
Risk Management – 7:00
$CEI – 14:48
Pump Cults – 25:30
Mentorship – 42:00
Outro – 49:10

SimCast Ep. 18 – Mas Trades making $1000s on 4am gappers!

Tag: The simcast