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Many new traders approach trading as though it were gambling. This is not a sustainable plan for success. Austin Silver is the Head of Trading and Education at ASFX. He is our guest this week on Limit Up! and joined Jack and Dan for a discussion about the importance of creating your own strategy and system. Listen for more tips.
To be a successful trader requires strategy and creating systems that help you succeed. When you get stuck in the emotion of trading, it becomes little more than gambling. Austin Silver is a Forex trader and Head of Trading and Education at ASFX. He believes that the key trait of successful traders is to create your own trading plan.
Austin joined Jack and Dan and talked about why it’s important for traders to focus on one area instead of juggling multiple things. He also talked about his journaling practice and how that has helped him become a better trader. Tune in for Austin’s advice as well as Jack and Dan’s thoughts as election returns began to trickle in.
Austin Silver started his career as a retail trader in 2015 in his college dorm room. As with most retail traders, he spent the first eighteen months of his career up and down, unable to find consistent success. Austin was finally able to turn a consistent profit in year two and from there, it was off to the races.
After building, testing, and proving his “ASFX” trading systems profitable, people started to ask him to share his knowledge. Fast forward a few years later, and Austin has now built one of the largest social media followings in the trading industry behind sharing valuable content through his daily trades.
Being an entrepreneur at heart, Austin has built multiple successful businesses around the strategies he uses in the Forex market. Austin’s passion is rooted in helping bring value to the masses. His goal is to get as many people as possible trading actively and taking full control of their financial future.
Limit Up! is a podcast for traders of all levels brought to you by Topstep. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure: https://www.topstep.com/risk-disclosure/
Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep.
Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap.
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