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Avoiding Overconfidence when things are working well.

The Fitz Factor

Release Date: 07/12/2023

Track It or Blow It: Why Great Traders Measure Everything show art Track It or Blow It: Why Great Traders Measure Everything

The Fitz Factor

 In this episode, Dan dives into the real edge that separates pros from amateurs: tracking. Whether it’s your fitness, sleep, screen time—or your trades—if you don’t measure it, you can’t improve it. Dan breaks down how consistent tracking leads to better performance, the concept of trading expectancy, and why journaling your wins and your mistakes is the fastest way to real growth. He also explains a common and destructive habit: averaging down, and why it's like giving a raise to your worst employee. This is your call to get serious about trading—like a professional, not a...

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Forget Predictions — Master Rules-Based Trading show art Forget Predictions — Master Rules-Based Trading

The Fitz Factor

 In this episode, Dan tears apart one of the biggest myths in trading — the power of predictions. Spoiler: the market doesn't care what you think. Instead, he shows you why preparation always beats prediction, why mindset matters more than your setup, and why rules-based trading is the real edge for consistent profits. Dan shares tactical advice you can apply today: creating your own trading rules, controlling emotions, building emotional durability, and journaling your trades properly for real growth. If you're tired of guessing and ready to start thinking like a real trader, this is...

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NFL Draft Qualities That Make Great Traders Too show art NFL Draft Qualities That Make Great Traders Too

The Fitz Factor

 In this episode, Dan draws powerful lessons from an unexpected place—the NFL Draft. While watching with a former pro player, Dan realized that the same five traits NFL teams seek in players—performance under pressure, work ethic, adaptability, humility, and durability—are exactly what separate great traders from the rest. Dan dives deep into how you can build these traits into your trading process, shares why repetition is the real secret to success, and why discipline and boring habits beat chasing dopamine hits every single time. He wraps up with a reminder that preparation beats...

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The Market’s an Idiot… And Still Smarter Than You show art The Market’s an Idiot… And Still Smarter Than You

The Fitz Factor

The market doesn’t care how smart you are, and it definitely doesn’t care what you think is “fair.” In this episode, Dan breaks down the cold truth about why your opinion doesn’t move prices, and why trading without rules is a guaranteed way to wreck your account.   Key Takeaways:   You Don’t Get a Vote – The market sets the rules. You don’t. Think something’s gone “too far”? Too bad. Price wins every time. The Market Can Be Dumb AND Right – The market can move irrationally and still be the authority. Fighting that reality will cost you a lot of money. ...

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Top Trading Mistakes That Destroy Accounts & How to Fix Them show art Top Trading Mistakes That Destroy Accounts & How to Fix Them

The Fitz Factor

Every trader makes mistakes, but the best ones learn from them. In this episode, Dan Fitzpatrick breaks down why discipline and risk management are the real keys to long-term success. From avoiding account-killing losses to knowing when to adapt your strategy, this session will change how you think about trading. Key Takeaways: Big Losses Are Optional – Every trader takes losses, but the pros keep them small. One mistake can wipe out months of gains, don’t let it be you. Your Strategy Isn’t Failing, You Are – If your system isn’t working, stop using it. Adapting to the market is...

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The #1 Skill Every Trader Needs: Mastering Losses show art The #1 Skill Every Trader Needs: Mastering Losses

The Fitz Factor

Losses are inevitable in trading—but how you handle them determines your success. In this episode, Dan Fitzpatrick breaks down why accepting and managing losses is the key to long-term profitability and how discipline separates great traders from those who blow up their accounts.  Key Takeaways: Losses Are Part of the Game – The best traders don’t avoid losses; they manage them effectively. Small Losses Prevent Big Disasters – Every big loss starts as a small one—cut it early, and you stay in control. The “Get My Money Back” Trap – Holding onto a losing position...

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2 Quick Fixes for Better Trading | Fitz Factor Podcast show art 2 Quick Fixes for Better Trading | Fitz Factor Podcast

The Fitz Factor

Dan and Scott are back with 2 things you can do to vastly improve your trading performance not just for today or this week but for the entire year.  Track Your Trades: Follow Dan and Scott on Twitter:

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When Billionaires Sell (Should We Be Concerned?) | Fitz Factor Podcast show art When Billionaires Sell (Should We Be Concerned?) | Fitz Factor Podcast

The Fitz Factor

In this episode of Fitzfactor, Dan and Scott examine what it means when billionaires like Warren Buffett or Jeff Bezos sell large amounts of stock. They discuss whether these moves should influence your trading strategy and how to interpret market reactions. Tune in to learn how to navigate these headline-grabbing sales like a pro! Follow Dan and Scott on Twitter: If you’re interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Use this link to get started: 

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Trading Through A Binary Event | Fitz Factor Podcast show art Trading Through A Binary Event | Fitz Factor Podcast

The Fitz Factor

In this episode of Fitzfactor, Dan and Scott delve into the complexities of trading through binary events like elections, earnings, or economic reports. They discuss strategies to minimize risk, avoid gambling, and trade with confidence after the event unfolds. Learn how to navigate these high-stakes situations like a pro! Follow Dan and Scott on Twitter: If you’re interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Use this link to get started: 

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How To Handle A Hot Stock | Fitz Factor Podcast show art How To Handle A Hot Stock | Fitz Factor Podcast

The Fitz Factor

In this episode, Dan and Scott tackle the intricacies of managing a hot stock. They discuss essential strategies like using stops, volume-weighted averages, and a steady mindset to capitalize on rapid gains without getting overwhelmed. Tune in to gain insights on keeping emotions in check and maximizing potential in volatile trades. Follow Dan and Scott on Twitter: If you’re interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Use this link to get started: 

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More Episodes

Trading can make you feel like a real genius sometimes, in our experience that's usually the time when you should be taking profits or at the very least adjusting your Stop-Loss. In this episode, Dan talks about how to remain self-aware when you see that green in your account. 

Follow Dan on Twitter: 

http://www.Twitter.com/DanFitzpatrick 

If you’re interested in more of this kind of in-depth analysis, become a member of Stock Market Mentor. Your first 14 days are only $7.00. Use this link to get started: http://stockmarketmentor.com/member-signup/