Things all started in a junkyard. From there it was infomercials, trading robots and everything in between. I don’t want to ruin anything with details, but I will say our guest from the Inner Circle community, Trae (“traecampell77” in chat room), is a shining example of passion must be at the forefront of this business we call trading the markets. When you truly enjoy something, you can push through essentially anything thrown your way as you’ll see. Trae was a great guy to talk with and there are many things, big and little, you can learn from his journey… some of which will prove to be some money savers for you. Let’s go!
Notes:
Today we interview community member Trae. We commend him for pushing through with this podcast while being covered in poison oak. His introduction to the market was at an early age. His family owned a junkyard so he would hear them discussing metal prices and this intrigued him.
One late evening, Trae stumbled upon a forex infomercial and he started to play on the demo without knowing what he was really doing yet. While he had a lot to learn, he discovered a love for the market which provides the motivation to learn more and trade better.
He purchased a trading robot as well with a ‘100% win rate (because it holds a position until it’s profitable).’ It took him around 6 months to get out of the red and finally close his positions. This led to him taking a break but his interest in the market never left.
During his break, his family opened up a car dealership and as it got more profitable Trae found more time to focus on the markets again. He made the move from scalping to swing trading.
Trae realizes that psychology plays a huge role in trading. He has spent a considerable amount of time watching his own mentality and then also using crowd psychology to spot trade opportunities.
Quotes:
As a kid I would always hear ‘metal prices are up or down.’ I didn’t understand then but I was interested.
I started trying to put it all together but it was a nightmare. There was nothing solid about it. But I loved the market.
I shut the account down and walked away to take a break but something was always calling me back to those charts.
Areas to improve always include psychology and removing emotion. It took 6-12 months to learn how to lose properly.
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