Episode 56: Lance Breitstein on Becoming an Elite Trader
Lance Breitstein on Becoming an Elite Trader
Lance Breitstein rose through the ranks at Trillium to become one of the most respected prop traders in the game. In this deep conversation, he breaks down the growth mindset, self-awareness practices, and review processes behind his edge — and explains why becoming a great trader is less about secrets and more about committed, deliberate work on the nuances most traders ignore.
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Episode Chapters
1:10 – Introducing Lance Breitstein
4:15 – Stepping away from prop trading
6:10 – Combining hard work with smart work
13:25 – Growth mindset, playing to your strengths, and removing limiting beliefs
20:05 – The importance of self-awareness and introspection
29:40 – The advantage of maintaining a long-term perspective
36:10 – The paradox of struggle and adversity
41:35 – Reviewing “the most important moments” in your trading
43:18 – Identifying the nuances of what works for you
48:05 – Breaking down discretionary trades through thought experiments
51:55 – Game planning the realm of possibilities
54:48 – The best trades have every trader on one side — TSLA and CVNA examples
1:00:20 – Emotional intelligence in trading and life
1:05:30 – The value of working with a performance coach
1:08:10 – Combatting scarcity mindset and greed with personal values
1:15:25 – How the Impact Competition creates large-scale impact
1:25:10 – Advice to the average trader
About Lance Breitstein
Lance Breitstein is a former prop trader at Trillium and one of the most thoughtful voices in the trading community on the subject of elite performance. His approach combines rigorous trade review, deliberate practice, and EQ development — what he describes as the roadmap from competent to exceptional.
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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com
Related trading psychology reads: For the psychology behind what Lance describes, continue with What Makes an Elite Trader?, Trading Discipline, and What Is Trading Psychology?
Work on this with Kim: Book a free intro call — explore whether 1-on-1 coaching is right for you.
Not ready for a call? Take the Trader Positioning Index — a 15-minute clinical assessment that benchmarks your decision-making under pressure.