Discretionary vs Systematic- Interview with Two Verified Millionaire Traders

Hi !

Hope you’re holding up well! This is a friendly reminder that if the market condition is unfavorable to your personal trading strategies, it’ll be cheaper to sit on your hands and wait instead of forcing trades in B or C setups.

We’re excited to share our newest interview on the Humbled Traders Podcast with you today! Joining us for this conversation are not just one, but two verified millionaire traders.

In this interview, Kyle Williams and Mike “Huddie” discuss their journey, trading styles, risk management, and the role of networking in their success. They explore systematic vs. discretionary trading, lessons from significant wins and losses, and the importance of trading education. They also share insights on mindset, discipline, how they can stay alive in this game for so many years.

4 Key Takeaways You’ll Learn from this Interview:

1. Trading Styles & Execution – While both traders focus on short-selling and mean reversion strategies, Kyle trades with a discretionary approach, while Huddie follows a strict systematic strategy. Two traders could have two very different styles but achieve similar results!

2. Risk Management & Discipline – Managing risk effectively is crucial. However, there is truly no one-size-fits-all in trading. One trader takes larger proportional risks while scaling it with his trading account capital. The other focuses on cash flow and keeping his risk relatively constant.

3. Big Wins & Losses – Their biggest trades of the year include multi-six-figure gains, but they also share a cautionary tale of a $400K loss due to breaking rules due to too much discretion and emotions.

4. Value of Networking & Education – Surrounding yourself with like-minded traders accelerates growth, and structured education helps avoid costly mistakes.

Watch the full interview here.