In the ever-evolving landscape of trading education, Jesse Rogers, known as Casper SMC, stands out as a prominent figure. With eight years of trading experience and a deep understanding of ICT (Inner Circle Trader) concepts, Jesse has made a name for himself not only for his trading success but also for his commitment to helping others navigate the complexities of the market. In a recent discussion, he shared valuable insights on trading strategies, risk management, and the pitfalls of the trading education industry.
The Challenge of Trading Education
Jesse began by addressing the overwhelming amount of trading education available today, noting that “80% of it is trash.” With countless individuals teaching similar concepts, newcomers often find themselves confused and misled. He emphasized the importance of finding a credible source and sticking to it, rather than trying to absorb information from multiple channels. “You might not be profitable trying to implement what you’ve learned in watching 100 videos, but you might be profitable trying to implement what you learned in five,” he stated.
The Importance of Application
One of the key takeaways from Jesse’s experience is the necessity of application in trading. He likened learning to swim: “You don’t learn it just by lectures or direct education. You have to jump in the water.” This analogy underscores the importance of practical experience over theoretical knowledge. Many traders fall into the trap of over-preparing and backtesting without ever executing trades, which can lead to a fear of loss that paralyzes their decision-making.
Risk Management: A Personal Approach
When it comes to risk management, Jesse advocates for a personalized approach. He believes that risk should be tailored to the individual trader’s financial situation and psychological comfort. “If you’re nervous about your risk, cut it in half,” he advised. This approach allows traders to focus on learning and developing their skills without the added pressure of significant financial loss.
Jesse also discussed the importance of understanding one’s own trading psychology. He noted that many traders struggle with the fear of losing, which can lead to overtrading or hesitance to take necessary risks. “The reason that people make mistakes in trading is just because of fear,” he explained.
Building a Trading Strategy
Jesse’s trading strategy is heavily influenced by ICT concepts, which he describes as a “language” that traders must learn to speak fluently. He emphasizes the importance of simplicity in trading, advocating for a focus on key concepts such as fair value gaps, liquidity, and time. “If you don’t have simplicity, every step of the way where there’s friction, there’s more likely to be error,” he stated.
He also highlighted the significance of liquidity in trading, explaining that understanding where liquidity pools exist can help traders make informed decisions. “You have to pay attention to liquidity, but it’s about which highs and lows,” he noted. By focusing on session highs and lows, traders can better navigate market movements and identify potential entry and exit points.
The Role of Intuition and Experience
As traders gain experience, they develop a sense of intuition that can guide their decision-making. Jesse emphasized the importance of reflecting on past trades to understand the reasoning behind successful and unsuccessful decisions. “Journaling is where you reflect and learn why you took this trade,” he said. This process of reflection helps traders materialize their intuition and improve their overall performance.
The Dark Side of Prop Firms
Jesse also shared his thoughts on the prop trading industry, which has gained popularity in recent years. While he acknowledges the opportunities that prop firms provide, he warns that they can also be a double-edged sword. “It’s a great opportunity when used correctly, but it’s not a long-term thing,” he cautioned. He advises traders to use prop firms as a stepping stone to grow their capital rather than relying on them as a primary source of income.
The Future of Trading Education
Looking ahead, Jesse’s goal is to build the largest trading education company that bridges the gap between novice traders and profitability. He aims to create a clear pathway for traders to follow, providing them with the tools and knowledge they need to succeed. “There’s no clear bridge from getting introduced to trading to actually succeeding at trading,” he explained. By focusing on education that resonates with traders and helps them develop their skills, Jesse hopes to make a lasting impact on the trading community.
Conclusion
Jesse Rogers‘ insights into the world of trading offer valuable lessons for both novice and experienced traders. By emphasizing the importance of application, personalized risk management, and the development of a clear trading strategy, he provides a roadmap for success in a complex and often confusing industry. As he continues to grow his brand and influence, Jesse remains committed to helping traders navigate the challenges of the market and achieve their financial goals.
