Mario Hennenberger Quote 1

Okay, so we’re 52 episodes in to the Trading Nut podcast and I bagged over 120 interviews with my old podcast (scarily named 52 Traders) and I started to think I’d heard it all … Until I met Mario Hennenberger that is.

Mario is not only a full time Forex trader, he also runs his own prop trading firm (with a unique twist, might I add).

Oh, and I convinced Mario to give my listeners a deal if they joined his prop firm, see below…



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Podcast Interview




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Interview Links

SwingFish.trade
Enfoid.com – Includes Trading Nut “Listener Offer”

Recommended Book

Trading for a Living by Alexander Elder

Broker & Platform

CTrader
IC Markets

Mario’s Video of the Week



Mario’s “Get Funded” Exclusive
$200 Trading Nut Listener Offer

Get a $200 bonus and earn 50% of your day trading profits through Mario’s extremely flexible Prop Trading Firm, EnFoid (terms apply).

Click Here to Learn More


Key Lessons

[14:55] I blew a lot of accounts. I blew a lot of money away and so I learned the hard way, just like everybody else.

[16:32] It’s all just a numbers game and you have to realize that. And if you do that’s when you start making money.

[17:20] Don’t focus on profits, always focus on your losses.

[17:52] If you are in a loss, you have to make sure that you’re not doing anything wrong.

[18:05] Lose money professionally because making money is easy, keeping the money is hard.

[24:28] If you have a lot of positions during the day then your volatility goes up pretty severe and if your emotions come in you can basically blow out in a single day.

[27:15] It’s not the analyst’s job to decide where you enter, this is the trader’s job.


Mario Hennenberger Quote 2

[28:57] Your job is to put as much meat as possible between now and the stop loss level.

[31:19] Scaling in in a loss. This is the key to make money.

[35:55] Just because the original entry is in a loss that doesn’t mean it’s gonna go bad, it’s just how the markets work.

[40:37] Volatility doesn’t make you money, this is just feeding your ego if you have like a hundred pips.

[54:45] You have to follow your rules and you have to follow them rather strictly even if it’s a very, very small amount.

[55:42] If you start trading with small money, you have to make sure you follow your rules about money management.


Mario Hennenberger Quote 3

Mario’s Trading

  • He runs a unique trading prop firm called Enfoid
  • He traded Stocks first before switching to Forex
  • He runs a private equity fund
  • He has a solid way of doing money management
  • He is a day trader
  • He trades AUD, JPY, SGD, and GBP
  • He avoids trading the US session
  • He has 46% to 59% winning rate
  • He makes an average of 3 trades a day
  • He has a 7-second trading rule
  • He uses Support & Resistance to manage his trades



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