This guest is the youngest to get started in the markets. Thanks to parents that were open to showing him the power of the markets, Tony (“Tony Tan” in the chat room) began his journey at only age 13! He was feeling under the weather for this interview, but we appreciated him toughing it out and making it through the entire interview. Nice mental toughness Tony!
Notes:
Tony got his introduction the market at the young age of 12 after overhearing family members speaking about it.
After finding some initial success trading based off of the talking heads on television, Tony took a short break and resumed trading his sophomore year in highschool.
Tony tried to game the system by trading ex-dividend dates thinking he could make easy money buying before and selling after he collected the dividend. It only took him a few trades to realize that there are many computer models that already arbitrage this when available which led to him getting burned before changing strategy again.
Eventually Tony joined the Inner Circle and tried to reverse engineer alerts to learn without spending any money on education.
Tony recognized that there is no holy grail out there and is now keeping it simple. He has his timeframe and his methodology for entry and exits and this keeps his emotions out of the equation.
Quotes:
“I started trading in 2008. I opened up my first brokerage account when I was 13.” tweet this quote
“After the ex-dividend date, the stock dropped 6 dollars so I cashed out on that and looked for a different strategy.” tweet this quote
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