Sep 2, 2019
Managing MILLIONS - How This Trader Trades Professionally in Florida
In this episode 210 of the Desire To Trade Podcast, I interview Michael Toma, a full-time option & futures trader whom I work with inside the Desire To Trade Academy.
Michael recently got a deal to trade millions from investors in China. He shares how that has worked for him, as well as how he's managing that kind of money!
Are you ready for it?
Topics Covered In This Episode
- Who is Michael Toma and what he does 00:47
- How to get investors capital 04:57
- A tour of Michael's trading setup 07:52
- Sponsor: Soft4FX (manual backtesting software for MT4) 09:39
- Biggest challenges of managing capital 10:46
- How to simplify communication with investors 13:48
- How to decide your compensation as a manager 14:47
- How much time you need to manage clients money 15:45
- Michael's goal with his education and money management business16:58
- The mindset shift required to manage money 19:30
- and much more
Resources Mentioned
- SPONSOR: Soft4FX (manual backtesting software for MT4)
- The Risk of Trading: Mastering the Most Important Element in Financial Speculation (Wiley Trading Book 536) By Michael Toma
- Recomended broker: AxiTrader (use our link to get a special bonus)
DesireToTRADE Top Resources
- DesireToTRADE Forex Trader Community (free group!)
- Complete Price Action Strategy Checklist
- One-Page Trading Plan (free template)
- Recommended brokers:
- Desire To TRADE Academy
How To Find Michael Toma?
What is one thing you are going to implement after listening to this podcast episode? Leave a comment below, or join me in the Facebook group!