Ethan Palagonia shares his journey into trading, starting during COVID as a high school student. He emphasizes the importance of finding a mentor and incorporating their teachings into your own personalized system.
Ethan discusses his trading strategy, which combines supply and demand, liquidity, and breakouts. He shares his risk management approach, with a focus on fixed stop losses and a 3:1 risk-reward ratio. Ethan also talks about his trading routine, mindset, and the sacrifices he made to pursue trading.
He offers advice for beginners, including mastering market structure, learning about liquidity, and focusing on trade management.
Podcast Interview
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Interview Link
Instagram – @epcapital
Ethan’s Trading Strategy
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Key Lessons
[07:17] Everyone needs their own personalized trading system.
[07:44] Find a mentor to give you the main foundation and then add your own twist.
[19:28] Play out your edge. Have faith in your edge and let it play out.
[25:12] Sacrifice the life you have now for the life that you want.
[36:01] You have to be super familiar with market structure like breaks of structure.
[36:27] Learn liquidity and incorporate it into your trading.
[38:05] It was all about inner work, developing your mind and not letting things that happen to you affect you.
[39:04] Your trading might not be as bad as you think if you get the trade management down.
 
