What Elite Trading Mentorship Actually Looks Like
Summary
Lance Breitstein shares his trade write-up template and reviews submissions from his course community to demonstrate how detailed documentation accelerates trader growth. He critiques specific trades on Micron, Tesla, and Livewire, emphasizing the importance of daily chart context, precise stop placement, and moving beyond "is what it is" excuses to find actionable improvements. The episode concludes with a deep dive into Breitstein’s own high-impact trade from 2022, illustrating how elite traders use comprehensive data, market context, and emotional control to maximize risk-reward on major…
Topics discussed
Introduction to trade write-ups and mentorship
Template details: context, end, and intraday analysis
Reviewing peer feedback and identifying future opportunities
Reviewing Trader 1: Goal setting and market regime
Technical feedback: Backtesting and hotkey safeguards
Analyzing slippage and specific trade execution
Chart review: Entry precision and stop placement
Improving entries and stock selection strategy
Tesla trade analysis and overall performance grade
Summary of Trader 1 and transition to next review
Reviewing Trader 2: Game planning and checklist
Intraday execution and stop-loss optimization
Reflections on consolidation and position management
Praise for diligent work and use of price alerts
Reviewing Trader 3: Daily report card and prep
SpaceX trade execution and risk-to-reward analysis
Comparison to Lance's own trade write-up
Deep dive: Stock selection and volume analysis
Market breadth signals and conviction in the pod
Execution nuances, FAQ, and final advice on mentorship
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