REWIND: Two Blown Accounts, Third One's a Charm with Lydia Finkley

In this Limit Up Rewind, Lydia Finkley talks about how she was introduced to trading, finding a strategy, and her tried and true tricks for traders just starting out.

Lydia Finkley has a unique - and all too common - story. She was introduced to trading by her mother, an unusual start to a professional forex trading career. But from there, Lydia went through all the normal growing pains of a professional trader. She blew up two accounts, in short order, before scaling back drastically in her third. That's when she started to learn a lot about herself and the market. Since then, she's put a number of controls in place to ensure that she never experiences a loss like that again. 
  • [03:21] Getting the Trading Bug 
  • [05:34] Learning the Markets
  • [08:41] Getting back on track after unsuccessful trades
  • [11:22] Checking on the market at particular times
  • [15:33] Finding a trading strategy
  • [18:22] Cash as a position
  • [22:23] What to do when you’re in a position you shouldn’t be in 
  • [24:16] Starting out in electronic trading
  • [26:14] Scariest Trade vs. Best Trade

Episode produced by Dante32.
Risk Disclosure: © 2019 All rights reserved