#1 PROP FIRM TRADER REVEALS SECRETS | TRADER KANE INTERVIEW

Summary

In this video, Kane Trades, the highest paid-out trader in Apex's history, shares his journey from crypto to futures, discussing key aspects of his trading strategies. He explains his preference for the NASDAQ due to its volatility, how he manages risk with static contract sizing, and the importance of sticking to his trading model. Kane also talks about battling FOMO, managing high-volatility days, and using journaling to improve his trading discipline. His journey from losing $700,000 in crypto to mastering futures trading offers invaluable lessons in risk management, emotional control, and resilience.

Takeaways

• 😀 Kane Trades is the number one paid-out trader in Apex Funding, with over $3 million in total payouts from the firm.
• 📉 Kane prefers trading the NASDAQ for its volatility and quicker moves, using the ES (E-mini S&P 500) for market confirmation.
• 💡 Kane favors the New York AM session due to higher volume and opportunities for reversals or continuations, although he also trades London sessions on certain days.
• 🕐 Kane typically takes 1-3 trades per day, with a rule of stopping after two wins or losses in a session.
• ⏱️ If Kane wins in a session, he avoids taking additional trades in the same session to prevent overtrading.
• 📊 If forced to trade only one time frame, Kane would choose the 15-minute chart (M15) for its balance between noise and clarity.
• 📅 Kane's favorite time to trade is around macro periods, like hourly and 4-hour closes, with a particular preference for the 10 a.m. reversal.
• 💰 Kane risks the same amount in contracts regardless of volatility, adjusting only for balance size rather than percentage risk. He avoids changing position size based on stop loss size.
• ⚖️ Kane measures his success based on his participation in the market, with a preference for static contract sizing to avoid overthinking during trades.
• 💭 After losing significant funds in the crypto market (e.g., FTX), Kane pivoted to futures trading, seeking more regulation and stability in the industry.
• 📓 Kane uses journaling as a tool for both personal and trading growth. He only journals his bad trades to analyze mistakes and also writes a monthly personal reflection to focus on growth and self-improvement.

Q & A

What is Kane's preferred trading instrument and why?

Kane prefers trading the NASDAQ due to its higher volatility, which allows for quicker moves and faster exits from trades. He uses the ES (S&P 500) for confirmation but doesn't typically trade it directly.

Why does Kane avoid trading the Dow (YM) during his sessions?

Kane finds that the Dow doesn't provide enough confirmational bias for his trading model, as it often moves inversely to the NASDAQ, making it irrelevant to his strategy.

Which trading sessions does Kane favor and why?

Kane favors the New York AM session because of the higher volume injection, which leads to more potential for price movement. However, he also enjoys the London session for its slower pace and predictable moves.

How many trades does Kane typically take in a day?

Kane usually takes one to three trades per day, and he has a rule of stopping trading if he reaches two losses, or if he wins during a session, he won't trade further in that session.

What is Kane's preferred time frame for trading?

Kane prefers the M15 (15-minute) time frame because it offers enough noise to understand the chart's movement but isn't as noisy as shorter time frames like the 1-minute or 5-minute charts.

What is Kane's approach to risk management in volatile market conditions?

Kane risks a static contract size based on his balance, rather than using a percentage-based model. During high volatility, he may reduce risk to account for larger price swings but keeps his contract size the same under normal conditions.

How does Kane handle FOMO (Fear of Missing Out) when missing a trade?

Kane accepts that missing a trade is part of the process and doesn't chase the market. He focuses on sticking to his trading model and avoids FOMO by relying on a disciplined approach and trusting his strategy.

How does Kane deal with missed opportunities and trading psychology?

Kane's approach to missed opportunities is to move on and trust his model. He has learned from past losses and relies on journaling to track why trades were missed and how to avoid repeating mistakes.

What led Kane to transition from crypto trading to futures?

Kane moved from crypto to futures after losing a significant amount of money in the FTX crash, totaling around $700,000. He was drawn to futures due to the more regulated environment and the manipulation he perceived in FX markets.

What is Kane's journaling protocol for trading and personal reflection?

Kane has two journals: a trading journal where he only records bad trades and analyzes why he broke his rules, and a personal journal where he reflects monthly on his progress and sets intentions for the next month. This practice helps him stay accountable and focused.