Lance Breitstein sits down for an exclusive interview with Jonathan Chariton to explore key elements of trading success.
Lance joined Trillium in 2011 and swiftly advanced through the ranks, overcoming early challenges to become one of the firm's most successful traders. His journey to achieving consecutive 8-figure trading years showcases a mastery of the markets and unwavering dedication. As Manager of Trillium's Chicago office, Lance trained and mentored many of today's leading intraday traders.
In 2018, Lance expanded his influence beyond trading by founding The Impact Competition, a non-profit focused on empowering students to address social issues in their community. After winning the Top Trader award at Trillium in 2020 and 2021, Lance retired to pursue philanthropy full-time, striving to make a lasting difference in the world.
*About the Host*
Jonathan Chariton is a Binghamton University graduate who started at Trillium in 2009. He is a 3-time top-10 trader who actively mentors fellow traders, participates in developing our proprietary trading software, and leads community initiatives through Trillium Cares.
Jon embodies the core values at Trillium—sharing knowledge, supporting one another, and fostering the next generation of successful traders.
*Outline*
0:00:00 Trillium Interview
0:00:02 Introduction - Jon Chariton and Lance Breitstein
0:01:28 Road to Trading and Trillium
0:05:49 Lance's Early Trading Challenges
0:09:49 New Trader Strategy
0:11:10 Learning Curve
0:13:37 The Bobblehead Concept
0:16:05 Adapting to New Markets
0:18:27 Trading Progress and P&L
0:24:41 Trader Edge
0:29:48 Single vs Multiple Edges
0:34:54 The Job of a Trader
0:37:02 Expected Value in Trading
0:43:59 Expected Value and Position Size
0:47:17 Trade Review - ARM 4.17.24
0:52:19 Trade Review - GL 4.11.24
1:06:44 Trade Repetition
1:10:31 Career-defining TSLA Trade
1:12:49 Trade Review - QLYS 2.6.24
1:15:04 Trade Review - MOR 2.6.24
1:17:05 Situation vs Setup
1:20:00 Expected Value and Betting Accordingly
1:26:27 The Broken Slot Machine
1:33:42 Yearly P&L Distribution
1:35:50 Right Side of the V
1:43:26 The Bouncy Ball
1:50:24 Gamma Squeeze
1:57:37 Consolidation Breakouts
2:01:00 Trading Process
2:11:07 Daily Report Card (DRC)
2:16:02 Monthly Reviews
2:18:22 Trade Indicators
2:21:31 Trading Psychology
2:25:50 Consistency vs Max P&L
2:30:55 Recency Bias
2:32:42 FOMO and Tilt
2:38:57 Trading Out of a Hole
2:44:58 Jonathan Katz and Trading Psychology
2:56:27 Mentorship and Growth
2:58:44 Recruiting Traders
3:00:50 Succeeding as a Trader
3:02:39 Leaving Trading
3:10:05 Philanthropy and the Impact Competition
3:16:10 Lance's Future Plans
*Disclaimer*
The views and opinions expressed herein are solely those of the speakers. This video provides information for discussion or educational purposes only and should not be construed or relied upon as legal, tax, trading, or investment advice. All information is provided “as-is” without verification, representation, or warranty of any kind, either express or implied. All investments involve a degree of risk, including the risk of loss. Independent trading may not be suitable for every individual, you should seek advice from a professional for your circumstances before making any financial decisions. Trillium Trading is a proprietary trading firm and does not have customers or regulated affiliates.
Trillium is not responsible for your use of this information or content.
