Scott Redler's Tier System: How to Trade Like a Pro

Scott Redler has traded since the late nineties and trained a lot of people who went on to run money. His best line is about the thing that quietly ruins traders: getting stopped out of a name and then refusing to touch it again. If the setup is new, go back. He also walks the tier system he uses instead of all or nothing entries, why he runs four accounts across four time horizons and pays himself quarterly rather than monthly, and admits in detail to a stop he set far too tight this week. His views are his own. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 0:00 Meeting the red dog 0:54 A friend on the couch 1:47 No salary, no benefits 2:29 Seat time beats television 3:03 How technicals get you out 3:47 Forty charts every morning 4:26 Advice from a basement bar 5:08 Four accounts, four horizons 6:23 Keeping the buckets separate 7:35 Two ways, same trade 8:38 How the tier system works 9:48 Paper cuts, not gushers 10:39 Framing a trade with lines 11:56 The tier for a breakout 12:56 A defined risk version 13:38 Where he got too tight 15:04 Going back to a loser 16:08 Why he keeps a journal 16:50 Win the morning, win the day 18:24 Where to find him daily #tastylive #tradingpsychology #stoploss #swingtrading #daytrading #t3live #technicalanalysis #optionstrading #trading #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.