Kevin Bott, More Interviews

Kevin Bott

DnUaPA0VAAA86LbQUESTION – Thank you for taking the time Kevin to participate in the Q & A session. Before we start in detail. Would you like to share with everyone, who you are, what you do, where you live and what trading room you are found at most days.

Kevin: Hello!  Sure. My name Kevin Bott, I’m an accountant in Vancouver, Canada.  I’m usually in the Trade Ideas chatroom and also on discord in a group with Batscientist.   I love the different perspectives on trading that are in the room and I find that challenges me everyday to be a better trader.

QUESTION – How long have you been trading for? Do you do it full time. If not, what is your career profession. And how does it relate to your trading now and eventually in the future?

Kevin: I’ve been trading since June 2016 part time.  I’m looking to do it full time by the end of this year as a career profession!  It’s certainly challenging to essentially have two jobs and be studying in the evenings, but it also takes the emotion out of having to pay the bills with every profit you make.  Having an accounting background is nice for fundamental analysis, just not for hair loss.

QUESTION – What non trading and trading advice would give a recent high school or college graduate?

Kevin: In the words of Mel Robbins…  Motivation doesn’t exist. If you need to motivate yourself to get up in the morning, or to do what you feel is your “passion” then you need to find something else.  I’ve found the biggest breakthroughs that I’ve had in trading have been when I actually LIKED how I was trading. Not following alerts or what not, actually trading a style that works for me.  Nobody has to motivate me to study something new, it’s a priority and it never feels like work. When I become full time I’ll never have to work another day in my life, you know?

QUESTION – What failure or setback in both trading and life have you experienced that has set you up for latter success?

Kevin: Blowing up a few accounts helped!  Though at the time, it was obviously such an emotional impact.  Most of the extremely successful people say that the fastest way to succeeding is to fail immensely, and quickly.  Shorting when I had no business shorting or trying to catch the bottom of a falling knife will educate you in emotional and stress management like crazy!  When you learn what NOT to do enough, you start learning not only what to do properly, but also the most opportune times to do it. Eventually, you can “feel” when things are looking strong/weak and when to get greedy and pounce.  It only takes one of those trades to replicate over and over and over again for success.

QUESTION – Outside of trading, what strange or unusual habit do you have and enjoy?

Kevin: Strange habits hey?  Every night before I close my eyes I remind myself of where I’m going and say out loud how much I want to have at the end of the year.  That, and watching The Office on repeat haha. Love that show.

QUESTION– How would you describe your trading style? How has it evolved over time?

Kevin: When I first started I was told to buy small cap breakouts and how easy it was.  Needless to say after buying every breakout I saw, and having them fail I decided that I actually preferred the short side of things.  I’ve tried too many different strategies and indicators to get into, or reading price action on the level 2, but what’s worked for me is fibonacci and stochastic swing plays.  I love trading off of the RSI too on an intraday basis, and joining the trend after all of the fireworks are over on the hot stock of the week.

QUESTION – Outside of trading, how do you enjoy spending your time?

Kevin: I love going on walks with my partner Lesley-Anne and our two little dogs.  There is some pretty amazing forests and hiking trails nearby. Most of the time I’m not sure who is taking who for a trip outside, but it’s a perfect way to unwind after a stressful week or to get centered.

QUESTION – What advice would you give your younger self (both in trading & life) ?

Kevin: Stay with it and smarten up!  I missed so many opportunities right from my teenage years to now simply because I didn’t put 100% in to it.  Nothing in life will work unless you do, and I really coasted through life in my younger years without direction.  Hard to have any regrets as I absolutely love where I am at now, but avoiding a few thousand dollar mistakes would have been nice haha.

QUESTION – What good & bad advice do you hear often in trading?

Kevin: I hear and see pattern recognition talk all over the place.  So many people are posting about studying, and entry points, what patterns are forming, or where things started to collapse.  The funny thing about all of this is that it’s all done in hindsight! I feel that if people stopped studying in hindsight and focused more on real time analysis and being able to spot things developing that they would be so much better off.  You know you’re on the right track when you are able to spot in real time what is going on with the chart and developing your plan of attack before it happens. The best advice I’ve ever received was to focus on what the market would have to do to prove me wrong.  It makes me go into a trade with 100% conviction and confidence that it is going to work… UNLESS it hits that predetermined point.

QUESTION – What are your favorite trading & non-trading books to read and why?

Kevin: I feel that trading is like any other business in the respect that any personal “flaws” will come into effect when you get into it.  I don’t read any trading books as I currently don’t focus on long term investing, where I feel they excel at. The ones I love are the ones that help me in both areas because they’re quite connected.  Think and Grow Rich by Napoleon Hill and The Art of Living by Bob Proctor have helped me immensely. I love the idea that our thoughts are a form of energy and that when focused properly will turn into their physical equivalent.

QUESTION – When you have lost your mojo or focus (both in trading and life), what do you do to get back on track?

Kevin: Luckily I’m blessed with a phenomenal trading partner and fiancee that keeps me on track.  When we are down from the day or from events in life, we get out of the house and reset entirely before dissecting what happened in detail.  My motto is to get back to the basics, and I feel it applies to everything. One small step in the right direction after taking big steps back can snowball and make a huge positive impact.  The important thing is to keep going and doing what makes you happy, and the rest takes care of itself.

QUESTION  – If you could have a big billboard with your favorite saying or message on it, what would it be.

Kevin:Character is destiny.  Simply decide what you want, who you have to be to attain it, and become that.

 

Thank you Kevin for a very insightful interview. You can reach Kevin on twitter 

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