One of the coolest things about hosting the podcast is hearing the career fields people are in. I’m not sure we’ve ever had one as interesting as our guest, Justin, (alias in chat room “JustinT”) who works alongside traders where he tells them what to buy/sell. Because of this interesting career field, Justin has quite the unique path in regards to learning the markets and how to trade them. It is intriguing to see where he has been, where he is now, and where he is headed. Justin offers no excuses and is in full blown “ax-to-the-grindstone” mode.
Notes:
When Justin was in college, it was the middle of the dot.com boom and he perceived this as an opportunity. Considering he was into technology, he was there for the beginning of the online brokerage industry. After coming into some money, Justin opened his first brokerage account.
Initially, Justin lost some money right from the get go and decided to put his money into IRA’s and let them grow for 15 years. After going through a few different jobs during the 08-09 recession, Justin got a job in the natural gas industry as a scheduler and works with traders daily.
After scouring StockTwits and trying to find good traders to learn from, Justin ultimately went on to find trading specific podcasts which led him here. After 20 episodes, he decided that he would investigate Claytrader further to see if it would be worth it for him to invest in his education.
Justin has always been very open with his wife about his endeavors in trading and they jointly agreed that it would be beneficial for him to invest in his education since he is serious about using trading as a form of supplemental income. Not only does he have a paper trading plan and a time frame, he has a plan on how he will proceed further with live trading. He treats this as a business and that is how you get ahead.
Quotes:
“There were IPOs all the time and I heard about how they would skyrocket after they hit the market.”
“I’m the logistics guy and the traders are the traders but I get to tell them how much they can sell everyday.”
“I knew it was possible but I was missing something. I tried to piggyback on some traders from StockTwits.”
“I’ll start out small and trade equities for a while. Just to utilize the technical analysis I’ve been taught.”
“Be patient. Relax. The market will always be there. I’m just going to keep practicing because it pays off.”
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