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Kerry Lutz's--Financial Survival Network

Oct 4, 2023

Kerry Lutz interviewed Tony Pawlak, a successful trader who shared his insights on trading. Pawlak emphasized the importance of joining the winning team to compete against AI and institutional traders, using price action to make trading decisions, and controlling risk by making small losses while riding out big gains. He also discussed his trading philosophy and his biggest success of tripling his trading account within the first five months of last year.

The conversation then delved into the nuances of options trading, with Pawlak recommending buying options closer in strike and selling options for a more consistent income. He also offered a step-by-step process for getting started in trading for free on real life Trading Com, while cautioning against the risks of buying options too far out of the money and the importance of reading price action to make informed decisions.

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