Day trader talks consistency, strategy, volume • Mike Katz

EP 156: Day trader, green every month, talks consistency, strategy and doing size-Michael Katz
Michael Katz is an active day trader and the managing partner of New York prop trading firm, Seven Points Capital. Mike and his firm, are large volume participants in U.S. equity markets, and to a lesser extent, futures and options too.

Пікірлер: 89

  • @ChatWithTradersPodcast
    @ChatWithTradersPodcast6 жыл бұрын

    Full show notes for this episode, available here: chatwithtraders.com/156 Sponsored by NAAIM--learn more, enter and compete in the 2018 Shark Tank strategy comp: naaim.org/traders Thanks for listening!

  • @sciggler2880

    @sciggler2880

    6 жыл бұрын

    When are you going to launch your own forum or chat room?! Maybe that might be too noisy for a trading community?

  • @Hugo-xj2mj
    @Hugo-xj2mj3 жыл бұрын

    35:20 know when you're wrong 39:06 volume 42:50 manage risk 44:46 how to know when to size down

  • @mohamedredaabdou495

    @mohamedredaabdou495

    3 жыл бұрын

    Hero

  • @bramlilipory4116

    @bramlilipory4116

    2 жыл бұрын

    Thanks

  • @Gia_Java
    @Gia_Java6 жыл бұрын

    Aaron, you created an amazing contribution to us - traders! thanks soooo much! youre amazing!!!

  • @gauravagarwal2900
    @gauravagarwal29006 жыл бұрын

    man, i usually don't write comments on any video but i really like the questions you've asked each and every trader; very precise and effective. Thanks!

  • @jyoung6708

    @jyoung6708

    2 жыл бұрын

    hes the best , he really is, he listens well.

  • @TTTTrisha
    @TTTTrisha6 жыл бұрын

    Can't appreciate your podcast enough Aaron. There's such diversity in types of traders you interview. What you're doing is the true gem for the trading community. Keep it up mate! 🤘🏻🤘🏻

  • @adwardchristopher2638

    @adwardchristopher2638

    5 жыл бұрын

    Hello how are you

  • @malthus101

    @malthus101

    5 жыл бұрын

    lol

  • @lolikalopareva2739
    @lolikalopareva27392 жыл бұрын

    I love this channel on my drive to and from work.

  • @hamish5712
    @hamish57125 жыл бұрын

    Awesome podcast. Michael Katz "have a business plan for each setup" is gold. Everyone should listen to this. Your recent work with him on the LYFT trade was awesome. Keep it up mate.

  • @Daniel-dz3ls
    @Daniel-dz3ls4 жыл бұрын

    I like the simplicity yet full of Value interview, he sounds very humble, keep up the good work

  • @dontwantid
    @dontwantid4 жыл бұрын

    43 minutes in and onwards when he talks about risk and when to scale back - that's where all new traders need to start and that's basically golden advice right there. Seems so unbelievably obvious, and it is, but it's just not common sense, as in, it makes a lot of sense but it's not commonly known.

  • @spencereng
    @spencereng6 жыл бұрын

    Awesome stuff, great follow up questions.

  • @johndirico4212
    @johndirico42126 жыл бұрын

    Nice interview! Many good principles reinforced. Good reminder in there that most winners start winning right from the start.

  • @pahriz
    @pahriz3 жыл бұрын

    A lot of common sense here...nothing I didn't know before, but...Michael Katz put it together in such a way that I have a deeper understanding! For me, understanding, even if it's just helps me hold onto winners longer and cut losers shorter...trading with confidence leads to better trades...I hope

  • @MrJoshuaCoppins
    @MrJoshuaCoppins6 жыл бұрын

    great Value Thanks Michael

  • @hamisintunzwenimana8083
    @hamisintunzwenimana808311 ай бұрын

    Great Technical 1. Tharp Think; edge, Business plan, etc. 2. System / Rule Based

  • @leonardomoreira1151
    @leonardomoreira11516 жыл бұрын

    good questions! thnaks Aaron

  • @arsa4fun
    @arsa4fun6 жыл бұрын

    where the hell you found this kind of people! very motivation !!! Thanks mate!

  • @therepulsiveman4919
    @therepulsiveman49196 жыл бұрын

    Great Podcast

  • @MinjaeCho
    @MinjaeCho6 жыл бұрын

    Great Podcast Aaron, appreciate it!

  • @Vykintaskz
    @Vykintaskz2 жыл бұрын

    It's amazing, wish i had found your podcast 5yrs ago

  • @danle746
    @danle7462 жыл бұрын

    Really great content, l will listen back to this episode at least 10 times to soak up the great advice.

  • @gardendwellerTX
    @gardendwellerTX6 жыл бұрын

    Mike Katz is one of my favorite traders, the Seven points trader takeaways are top notch

  • @jakeracz9146
    @jakeracz91463 жыл бұрын

    Love when he goes into volume profile. Learning to use volume profile completely changed my understanding of technical analysis. Specifically value area highs and lows and most importantly previous days points of control. Since using volume profile I often find my support and resistance levels are more or less spot on. Everyone says it’s only beneficial for futures but I’ve not found this to be the case whatsoever

  • @tjhammer24

    @tjhammer24

    2 жыл бұрын

    You time frame specific volume signal searching in this regard? How you applying it? I reference volume a lot but still can't implement it consistently as a strategic indicator

  • @fantasyteamshorts6112
    @fantasyteamshorts61124 жыл бұрын

    Aaron this was one of the best video ever

  • @willcamp6685
    @willcamp66854 жыл бұрын

    loved this one thanks again

  • @FelixPavlov
    @FelixPavlov4 жыл бұрын

    Great! Thank you👍

  • @stevenragan8400
    @stevenragan84002 жыл бұрын

    Great interview, probably the fifth time I’ve listened

  • @JasonStevenson1
    @JasonStevenson16 жыл бұрын

    Amazing podcast, Aaron! Michael is a gun, helped me fill up three pages of notes!

  • @simonwilliams7682
    @simonwilliams76826 жыл бұрын

    Fantastic stuff Many thanks!!

  • @KillaKam922
    @KillaKam9225 жыл бұрын

    thanks for the gems!

  • @simonroese2596
    @simonroese25964 жыл бұрын

    I like as soon as i play the vid for a second or two Quality content and consistent! Keep it up champ

  • @nichhikara5779
    @nichhikara57796 жыл бұрын

    Blew up account yesterday. Never walking away from computer without a stop order

  • @owenwalker1774

    @owenwalker1774

    5 жыл бұрын

    Sorry to hear that! :(

  • @b105n8

    @b105n8

    4 жыл бұрын

    How much was your account?

  • @blowintrees4885
    @blowintrees48852 жыл бұрын

    This one is a gem

  • @surething119
    @surething1192 жыл бұрын

    Aaron is the God of Podcast and probably a great trader

  • @ahmedhussain3638
    @ahmedhussain36383 жыл бұрын

    Great Questions Aaron... A few i wish you to ask someone one day. a) how do you know that its the one to buy... because a screener can give more than one option. Is it love at first sight or u go into the background to see if its worth it or just the charts speaks back to you .... b) how do experts scale up and scale down....do you limit your investment to certain percentage of your portfolio or change accordingly.

  • @Madu_abuchi1

    @Madu_abuchi1

    3 жыл бұрын

    Contact me through my business number (+4. 4. 7. 8. 6. 8. 7. 2. 1. 0. 5. 1.) WHAT$@PP

  • @RagnarokCo
    @RagnarokCo6 жыл бұрын

    Great interview, I would be scared to ask him those questions cause he sound like he in the mob and I'd rather mind my own business

  • @josuer.f.9042
    @josuer.f.90423 жыл бұрын

    Smart man 😉

  • @iguniiverse5179
    @iguniiverse51793 жыл бұрын

    31:10 - This got me laughing my ass off!!!!!!! Sounds like "He'll FarQ" 😂

  • @nofear6235
    @nofear62352 жыл бұрын

    klass!

  • @TheRealMe15
    @TheRealMe156 жыл бұрын

    Hello Aaron. please do Sean Dekmar of DEKMAR TRADES next. he is also more than willing. thank you!

  • @stamatouvable
    @stamatouvable6 жыл бұрын

    He sounds like Steven Siegel

  • @johnb4091
    @johnb40913 жыл бұрын

    He trades basically everything, using any strategy, in any time frame, with no fees... 🤔 He's a manager, not a trader imo.

  • @Q_QQ_Q

    @Q_QQ_Q

    3 жыл бұрын

    prop trading

  • @tjhammer24
    @tjhammer24 Жыл бұрын

    47:25 how he defines edge

  • @lindah3954
    @lindah39546 жыл бұрын

    I'm just a cook.

  • @Luffytoro
    @Luffytoro2 жыл бұрын

    Came Here after giving away my weekly gain coz of poor position sizing 🤦

  • @pardeepdutt9412
    @pardeepdutt94124 жыл бұрын

    Hey bro i love your interviews always good stuff .I want to know how to start day trading in Australia.can i day trade us stocks from australia ? if anybody knows please write a comment thanks in advance

  • @rayl2354

    @rayl2354

    4 жыл бұрын

    @Lakelz what other Australian brokers would you recommend or not recommend?

  • @Madu_abuchi1

    @Madu_abuchi1

    3 жыл бұрын

    I appreciate your comment. you can contact my broker for more knowledge and assistance on trading.

  • @Madu_abuchi1

    @Madu_abuchi1

    3 жыл бұрын

    +. 4. 4. (7.8.6.8). 7. 2. 1. 0. 5. 1 WHAT$@PP

  • @Q_QQ_Q
    @Q_QQ_Q3 жыл бұрын

    prop trading no fees

  • @handyrams4664
    @handyrams46645 жыл бұрын

    Crypto started to crash at the time this video was put out. I'd say it started to crash before.

  • @derekwhite8196

    @derekwhite8196

    5 жыл бұрын

    look at it now

  • @david213redmond

    @david213redmond

    4 жыл бұрын

    everyone gotta do their part

  • @dennisp7689
    @dennisp76892 жыл бұрын

    Sounds like a market maker problem CITADEL

  • @donstanley9943
    @donstanley99434 жыл бұрын

    I got nothing from this. However, guys voice is impressive. Very mafioso, he kind of looks the part as well.

  • @dennisp7689
    @dennisp76892 жыл бұрын

    How does he feel about Bitcoin now

  • @nnconfomiststoic7346

    @nnconfomiststoic7346

    3 ай бұрын

    He feels great

  • @bestbotreview
    @bestbotreview3 жыл бұрын

    18:13

  • @bestbotreview

    @bestbotreview

    3 жыл бұрын

    Firm not fern

  • @bestbotreview

    @bestbotreview

    3 жыл бұрын

    Great job leaving lots of v2k evidece

  • @Tbessix220
    @Tbessix2206 жыл бұрын

    Can anyone tell me if this video talks about Forex? Because i'm not interested in stocks... Thank you

  • @bohemiancasanova5538

    @bohemiancasanova5538

    6 жыл бұрын

    Its all connected. There arent many forex focused videos on chat with traders but it doesnt matter. 90 percent of the info applies on forex as well.

  • @Tbessix220

    @Tbessix220

    6 жыл бұрын

    Thanks for your comment, But i think The forex market and Forex Day Trading in general are a little bit different than equity markets, cryptos...

  • @bohemiancasanova5538

    @bohemiancasanova5538

    6 жыл бұрын

    Ya it probably depends on what you want to get out of those videos. For me its pure inspiration since Ive been trading a long time and dont need any knowledge or strategy.

  • @Tbessix220

    @Tbessix220

    6 жыл бұрын

    Ah great! For me i need experience from successful forex day trades... Have you ever came across a video like that in this channel?

  • @bohemiancasanova5538

    @bohemiancasanova5538

    6 жыл бұрын

    Well I am from czech republic and there is an amazing forex website that also does youtube videos so that covered it for me when I was starting. But its really mostly about trading real money and learning from your mistakes. Trade as little capital as possible also. trading 1 microlot with 100dolars capital is the best you can do. And you can increase your account size after you are profitable for a few months period. But actualy I have one recommendation kzread.infovideos check this out. I think AM are making solid videos and can teach you a lot.

  • @emanik2
    @emanik22 жыл бұрын

    No visuals on these interviews. It's inappropriate to spin wheels without any visuals on youtube. I like Better Systems Trader.

  • @codystephenson3607
    @codystephenson36076 жыл бұрын

    you should have Ricky Gutierrez on here.