We’ve talked with over 25 traders thus far, but for one reason or another, we have never ventured into the world of ETF’s. Thanks to chatroom member Mark (“Zman” is his alias), the podcast has now officially interviewed someone who specializes in ETF trading. Mark never planned on trading ETF’s the way he is at this point in time, his journey started in a much different place, but after some bumpy roads, he’s found success focusing on the ETF market.
Notes:
ZMan is one of our younger students who has been trading for less than 2 years. He originally planned to be a ‘buy and hold’ investor but became more active after his first trade.
He began to check out various finance boards online to find where the Kool-Aid was. It only took a few occurrences for him to realize the importance of liquidity.
ZMan was searching YouTube in an effort to learn more about trading and stumbled across ClayTrader. He enjoyed the short term trading he saw and decided to invest in his education.
After going through some courses, ZMan was actually kicked out of another chat room because he called out some people for ‘pumping’ a stock that obviously in shambles.
ZMan is currently trading leveraged ETFs that track commodities. He does strongly emphasize that this is not a product for beginners and we completely agree.
Quotes:
“I was familiar with GPRO’s CEO and I had the product. I liked it so I decided to park my money there.” tweet this quote
“I decided I didn’t want to be puppet trading and I needed to learn how to fish for myself.” tweet this quote
“Your parents tell you to dream all the time but a dream in the market will get your money taken.” tweet this quote
“I look at all my losses as a learning experience. I just try to keep them small. Everyone’s going to have some losing trades.” tweet this quote
