It’s always great to have younger people on the show as it demonstrates how the markets are for all ages, no matter your experience level in this thing we call life. Our guest, Matt (his chat room alias, “dewolf”), walks us through his journey thus far into the markets. Matt’s journey is one I feel many will be able to relate to, but with that, also be able to take away from bits of information that can be used to avoid potential pitfalls. Although he is younger in years, those years he has lived and experienced the market have already begun to shape and mold him into someone that is giving himself a real possibility of long term success in the stock market. No matter your age, what Matt has gone through can and will assist in streamlining your personal journey, so please don’t’ dismiss him because of his age. Let’s get to it!
Notes:
Today we talk with Matt who goes by ‘dewolf’ in our community. He was gifted a book while still in highschool called “The Teenage Investor” but completely forgot about it until he got to college.
After actually reading the book and reading that it explicitly said ‘do not day trade,’ this led Matt go look further into that topic. A quick google search had revealed tons of articles for him to dive into.
Matt and his friend joined an investment club in college and purchased the Options Trading Simplified course for the club. Most club members didn’t truly appreciate using a cash account to avoid the pattern day trader rule.
He paper traded for a bit and then funded an account to take live. While he currently utilizes options, he has the ultimate goal of trading stock outright.
While he is confident in a few specific setups, Matt would like to broaden his horizons in terms of setups and also work on the mental game that trading requires.
Quotes:
I kick myself everyday not picking that book up and taking it seriously sooner.
It went up a couple of cents and then it completely dumped. Nothing crazy or huge but that was my first trade in the stock market.
All these people were economics majors, not traders. They were all very interesting and it opened up the other side of trading.
Eventually I’d like to join University and learn about advanced options. I want to learn how to leverage using options over time.
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