Trading Through A Binary Event | Fitz Factor Podcast

 In this episode, Dan dives into the real edge that separates pros from amateurs: tracking. Whether it's your fitness, sleep, screen time—or your trades—if you don't measure it, you can't improve it. Dan breaks down how consistent tracking leads to better performance, the concept of trading expectancy, and why journaling your wins and your mistakes is the fastest way to real growth. He also explains a common and destructive habit: averaging down, and why it's like giving a raise to your worst employee. This is your call to get serious about trading—like a professional, not a gambler. What You'll Learn: Why journaling and data tracking are essential for trading success The true meaning of trading expectancy and how to use it Why small losses are part of the game—and how to make them count Why doubling down on losers is the fastest way to blow up your account The difference between being a trader and a gunslinger Why TradeTrak exists (and how it eliminates your excuses) Want more trading insights? Get my Free Chart of the Day: Stock Trading & Technical Analysis Education & Courses - Stock Market Mentor Join Stock Market Mentor for just $7 for your first 14 days:  Member Signup - Stock Market Mentor Don't forget to subscribe, and follow us on: X: https://x.com/DanFitzpatrick X: https://X.com/Scottrades IG: @realstockmarketmentor  

 In this episode, Dan tears apart one of the biggest myths in trading — the power of predictions. Spoiler: the market doesn't care what you think. Instead, he shows you why preparation always beats prediction, why mindset matters more than your setup, and why rules-based trading is the real edge for consistent profits. Dan shares tactical advice you can apply today: creating your own trading rules, controlling emotions, building emotional durability, and journaling your trades properly for real growth. If you're tired of guessing and ready to start thinking like a real trader, this is your episode. What You'll Learn: Why "obvious" trades usually fail How controlling your emotions is your only real edge The difference between paper trading with and without rules How to build a bulletproof trading mindset that beats volatility Why consistent, rules-based systems always outperform gut feel Dan's "SMART" framework for professional trading setups Key Takeaways: Preparation wins. Prediction kills. Emotional capital is more valuable than financial capital. Your edge isn't your stock pick — it's your discipline. Want more trading insights? Get my Free Chart of the Day: Stock Trading & Technical Analysis Education & Courses - Stock Market Mentor Join Stock Market Mentor for just $7 for your first 14 days:  Member Signup - Stock Market Mentor Don't forget to subscribe, and follow us on: X: https://x.com/DanFitzpatrick X: https://X.com/Scottrades IG: @realstockmarketmentor  

 In this episode, Dan draws powerful lessons from an unexpected place—the NFL Draft. While watching with a former pro player, Dan realized that the same five traits NFL teams seek in players—performance under pressure, work ethic, adaptability, humility, and durability—are exactly what separate great traders from the rest. Dan dives deep into how you can build these traits into your trading process, shares why repetition is the real secret to success, and why discipline and boring habits beat chasing dopamine hits every single time. He wraps up with a reminder that preparation beats prediction every day of the week—and how you can truly stay in the game for the long haul. What You'll Learn: Why high-pressure environments reveal your true trading character How boring, consistent work is the foundation for profitable trading Why adaptability matters more than predictions How humility can save your account (and your sanity) The mindset shift to think in trading series rather than one-off trades Why preparation, not prediction, is the trader's real edge Key Takeaways: Trading is a game of consistency, humility, and preparation. Boredom = Profit when it's the result of a great process. Good traders react to the market, they don't predict it. Want more trading insights? Get my Free Chart of the Day: Stock Trading & Technical Analysis Education & Courses - Stock Market Mentor Join Stock Market Mentor for just $7 for your first 14 days:  Member Signup - Stock Market Mentor Don't forget to subscribe, and follow us on: X: https://x.com/DanFitzpatrick X: https://X.com/Scottrades IG: @realstockmarketmentor  

The market doesn't care how smart you are, and it definitely doesn't care what you think is "fair." In this episode, Dan breaks down the cold truth about why your opinion doesn't move prices, and why trading without rules is a guaranteed way to wreck your account.   Key Takeaways:   You Don't Get a Vote – The market sets the rules. You don't. Think something's gone "too far"? Too bad. Price wins every time. The Market Can Be Dumb AND Right – The market can move irrationally and still be the authority. Fighting that reality will cost you a lot of money. Stop Negotiating With Your Account – If you're making deals with yourself mid-trade, you've already lost. Discipline is non-negotiable. Rules Are Armor – They protect you when things get volatile. Without them, you're just out there hoping the market goes your way. Success = Discipline, Not Predictions – Great traders follow plans, not opinions. What you feel doesn't matter — what you do does.   Watch the full video and start trading like a pro, not a guesser.  

Every trader makes mistakes, but the best ones learn from them. In this episode, Dan Fitzpatrick breaks down why discipline and risk management are the real keys to long-term success. From avoiding account-killing losses to knowing when to adapt your strategy, this session will change how you think about trading. Key Takeaways: Big Losses Are Optional – Every trader takes losses, but the pros keep them small. One mistake can wipe out months of gains, don't let it be you. Your Strategy Isn't Failing, You Are – If your system isn't working, stop using it. Adapting to the market is a trader's real edge. The "Feeling" That Ruins Traders – The stock looks like it's going to the moon? That's exactly when you should be most cautious. Rules Keep You in the Game – Guardrails exist for a reason. The only way to guarantee a blowup is to break them. Never Trade Your Lifestyle – If your trading affects your quality of life, you're doing it wrong. Smart traders never risk what they can't afford to lose. Watch the full breakdown and learn how to trade smarter starting today!

Losses are inevitable in trading—but how you handle them determines your success. In this episode, Dan Fitzpatrick breaks down why accepting and managing losses is the key to long-term profitability and how discipline separates great traders from those who blow up their accounts.  Key Takeaways: Losses Are Part of the Game – The best traders don't avoid losses; they manage them effectively. Small Losses Prevent Big Disasters – Every big loss starts as a small one—cut it early, and you stay in control. The "Get My Money Back" Trap – Holding onto a losing position hoping for a comeback? That's a recipe for disaster. Follow Your Rules, No Exceptions – Your trading rules exist to keep you out of trouble—stick to them. Don't Be a Stubborn Bull – Refusing to sell as a stock drops? You're only marking the bottom for smarter traders. You Can Always Get Back In – Selling doesn't mean you can't re-enter a better trade later. Small losses free up capital for better opportunities.  Watch the full breakdown and take control of your trading mindset today!

Dan and Scott are back with 2 things you can do to vastly improve your trading performance not just for today or this week but for the entire year.  Track Your Trades: https://tradetrak.com/ Follow Dan and Scott on Twitter: http://www.Twitter.com/DanFitzpatrick http://www.Twitter.com/Scottrades

In this episode of Fitzfactor, Dan and Scott examine what it means when billionaires like Warren Buffett or Jeff Bezos sell large amounts of stock. They discuss whether these moves should influence your trading strategy and how to interpret market reactions. Tune in to learn how to navigate these headline-grabbing sales like a pro! Follow Dan and Scott on Twitter: http://www.Twitter.com/DanFitzpatrick http://www.Twitter.com/Scottrades If you're interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Use this link to get started: http://stockmarketmentor.com/member-signup/

In this episode of Fitzfactor, Dan and Scott delve into the complexities of trading through binary events like elections, earnings, or economic reports. They discuss strategies to minimize risk, avoid gambling, and trade with confidence after the event unfolds. Learn how to navigate these high-stakes situations like a pro! Follow Dan and Scott on Twitter: http://www.Twitter.com/DanFitzpatrick http://www.Twitter.com/Scottrades If you're interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Use this link to get started: http://stockmarketmentor.com/member-signup/

In this episode, Dan and Scott tackle the intricacies of managing a hot stock. They discuss essential strategies like using stops, volume-weighted averages, and a steady mindset to capitalize on rapid gains without getting overwhelmed. Tune in to gain insights on keeping emotions in check and maximizing potential in volatile trades. Follow Dan and Scott on Twitter: http://www.Twitter.com/DanFitzpatrick http://www.Twitter.com/Scottrades If you're interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Use this link to get started: http://stockmarketmentor.com/member-signup/