Tanner Owings has one of the most ballsy stories on how to quit your day job and trade full time. But what you’ll learn in our interview will teach you how to navigate this tricky time in life, if you ever decide to make the leap.
On top of this Tanner, an avid power lifter, relays similarities between the attributes needed to excel in power lifting and trading.
At the end of our interview you’ll learn a neat little strategy Tanner uses to trade stocks when they gap during earnings season.
Podcast Interview
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Interview Link
Instagram – @thestrongtrader
Recommended Books
Atomic Habits by James Clear
The Best Loser Wins by Tom Hougaard
Key Lessons
[10:25] Tilt days are one of the worst things that can happen to traders and everyone is prone to them.
[19:08] If you can catch 10 points in ES, you can make a living.
[21:16] Trading the open of Options is very, very risky.
[35:53] Trade review is one of the most important concepts and habits you can build as a trader.
[37:13] You’re trading as a business and it’s your business.
[37:27] Figure out what you like to do and then get really, really good at it and hammer away at it.
[39:52] Being able to practice on a funding account is one of the best things you can do.
[40:28] Using a prop firm is very beneficial for anyone who wants to dive into futures game.
[47:41] You are a risk manager at core and if you do not have that part of your trading, that’s just going to keep hurting you longer and longer and longer.
[47:52] It doesn’t matter how good your strategy is and how much you understand it, if you do not have these habits and these good processes built in to your core and practicing every single day, you’re just going to be a ticking time bomb.
[50:09] The faster you rush it, the further it’s going to set you back.
[56:28] You want to be like an athlete. You need to perform well, sleep well and you need to think clear.
[59:16] Of course your system is what makes you the money but if you do not have your rules and habits down, it doesn’t matter.