While a very private individual, today’s guest stepped out from the shadows to talk about his journey as a trader. “DS” takes us through first getting started, realizing he wasn’t nearly as smart as he thought he was, and then hopping onto the true path of success: figuring out the “sweet spot” in his trading personality. We learn about the steps he had to take in order to construct a trading system that fit his personal risk tolerance profile and therefore allowed for trading consistency.
There is a huge amount of great nuggets of information in today’s interview, so you’ll want to be sure to soak it all in.
Notes:
DS was invested in mutual funds for many years and after he semi-retired he decided to take control of his finances and decided to learn how to trade.
He was struggling to realize why some of his trades wouldn’t follow through when he realized he was competing against other timeframes.
DS recognized that everyone has their own trading parameters and comforts. He designed a strategy that fit his risk profile and provided comfort. There are many tools out there for traders to use but what matters is finding ones that work for you.
Quotes:
“I was looking for something larger than 100$ a day. I could win that on the golf course. The moves just weren’t large enough.” tweet this quote
“You’re not smart when you first start. You’re either lucky or run out of money until you figure out what works.” tweet this quote
“It’s not like you are making money off the company. You are making money off someones inability to read a chart.” tweet this quote
“When you lose 10k in a week multiple times you come to realize very quickly that you are not that damn smart.” tweet this quote
“You may not have winning days everyday but if you have more green days than red you are able to grow it and retire.” tweet this quote
