More Interviews, Nicholas Maggiulli

Nicholas Maggiulli – Interview

QUESTION – Thank you for taking the time 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?

NICHOLAS: My name is Nicholas Maggiulli and I am an investor, writer, and data scientist.  I am currently the Chief Operating Officer at Ritholtz Wealth Management and the author of Of Dollars And Data, a data-focused personal finance blog.  I currently reside in New York City but I am originally from Southern California.  

QUESTION – Can you explain your educational and professional career journey to get where you are now.

NICHOLAS: I got my Bachelor’s degree in Economics from Stanford University and went into economics/litigation consulting immediately after graduation.  During that time I fell in love with programming (specifically data programming) and eventually transitioned into a data science role within the industry.  However, my heart wasn’t in consulting because I knew I wanted to do something in the investment space.  As a result, I started blogging at Of Dollars And Data back at the beginning of 2017 for fun but also to see if I could use it to transition into the industry.  The blog helped me grow my network in the financial space and led me to Ritholtz Wealth Management where I started as a data scientist in mid-2018.  I have since taken on more responsibility at the firm and was promoted to COO in mid 2020.   

QUESTION – What personal or professional failure/setback have you experienced in your life or professional career that has set you up for later success?  

NICHOLAS: I moved across the country for an ex-girlfriend that didn’t work out.  It’s embarrassing, but had I not moved I probably wouldn’t have started Of Dollars And Data and I definitely wouldn’t be working in finance right now.  Sometimes you lose something you care about to gain something better in the long run.  

QUESTION– Can you explain in more details OfDollarsAndData.com and how possibly our readers can learn more.

NICHOLAS: Of Dollars And Data is a data-focused personal finance website whose primary goal is to help you live a smarter, richer life.  I want you to make financial decisions using the best information available.  If you are new to the blog, I recommend reading through my Popular Posts page to get a better feel for what I write about and how I can help you improve your finances.

QUESTION : This is becoming a favorite question for many – plus readers get some good gift ideas from it. What purchase of less than $100 have you made in the past year that you simply could not live without now?

NICHOLAS: My Victoria Cast Iron Skillet.  It’s $20, I cook meat on it every day, and it will last forever, with proper care.  If you have ever bought a cast iron skillet, you probably have gotten a Lodge before, but I prefer Victoria because of the higher quality and better pre-seasoning on the pan.  I could do an entire blog post on seasoning cast iron pans, but I won’t bore you with that now.  Teflon doesn’t get the same sear, so invest in quality cookware.    

QUESTION – What advice would you give to your younger self – and what advice would you give to a young high school or college graduate?  

NICHOLAS: I’d give the same advice to a young high school or college graduate (male or female).  Having good health is a foundation that you can build everything else around.  You can always earn more money, make new friendships, and fall in love again, but health is something that is hard to get back if you’ve neglected it for far too long.

QUESTION –  What are some of your hobbies? How do you escape from the real world during these crazy times that we have been experiencing in 2020/21?

NICHOLAS: I play guitar and read a fair bit.  In 2020 I have done far less reading than in years prior, but I have done far more guitar playing.  Guitar is a great escape because it is both challenging and entertaining at the same time.  In addition, I have spent far more time on social media in 2020 to connect with people (since I can’t do it in person due to Covid).  

QUESTION – How has the Covid situation effected you both professionally and personally. And did any positive come out of it for you?

NICHOLAS: The only positive thing to come out of 2020 was living through and experiencing a market crash.  March 2020 taught me more about investing (and myself) than in the 8 years prior.  As Fred Schwed once stated, “Like all of life’s rich emotional experiences, the full flavor of losing money cannot be conveyed by literature.”

Professionally I haven’t been impacted by it much since our firm was built to be remote.  Personally I have been fortunate that only a few friends and family have gotten Covid without any negative long-term outcomes.  Of course it sucks not being able to see many people you care about, but it’s something that all of us have had to deal with. 

QUESTION – When you have lost your mojo or focus , what do you do to get back on track?

NICHOLAS: I honestly don’t lose focus too much and when I do I my mind naturally guilts me into getting back on track.  I wish I had a more helpful answer, but this is probably just a personality trait of mine.

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

NICHOLAS: “Fear has a greater grasp on human action than does the impressive weight of historical evidence.” -Jeremy Siegel

QUESTION–  Thank you  for taking the time for this interview. How can our readers contact you, including on social media. And is there anything else you like for our readers to know about you? 

NICHOLAS: If you have any questions, feel free to contact me via Twitter DM or email me at ofdollarsanddata@gmail.com.  

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DeAndree, More Interviews

DeAndree – Interview

QUESTION – Thank you for taking the time 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?

DeAndree: Hi! First of all – thank you very much for inviting me to the interview!
In the trading world, I go by the name of DeAndree. I come from a small country in Northern Europe.

For the past 10 years, I’ve been a full-stack software developer (mostly JavaScript, Node and React), but for the past 2+ years, I’ve been transitioning to the world of Crypto – trading, writing, and building apps for traders. I’ve always been interested in finance, so when I heard about Crypto, I knew instantly that it’s a perfect mix of the things that I’m excited about – money, tech, software development, game theory, probabilities, statistics, etc.
Initially, I started as an algotrader. I wasted a lot of time searching for perfect indicators and overcomplicating systems. I tried neural networks, reinforcement learning, collecting tick data, and using orderbook imbalances only to eventually settle for some of the simplest systems you can imagine. Simple works, and often it’s the best as far as effort vs reward vs robustness is considered. Recently, I’ve been learning and practicing manual trading (Price Action style) to complement my skills and eventually improve my algo strategies.

QUESTION – We understand you have been a frequent poster in the trading community on Medium. Can you shed some light on what you typical post. And do you have a blog site that our readers can visit?

DeAndree: the main theme of my posts has been dealing with common misconceptions in Crypto trading by backtesting strategies and analyzing results.

It all started when I began my algotrading journey by picking Gekko as my strategy platform and joining their Discord. It was a super popular open-source platform at that time (mid-2018). I saw a lot of overfitted and unrealistic backtest results being thrown around in Discord, a lot of hype about neural network strategies without understanding what they were doing, a lot of questions about which strategies to use, etc.

I wanted to bring some clarity. I wanted to show that you can’t just pick a single basic indicator and hope to be profitable, that neural networks are not a magic silver bullet that somehow predicts the future, that Buy&Hold is not the best strategy. I wanted to show what happens when you backtest for a significant time period, not just 3 months. That simple works, and sometimes works the best.

Over everything else, I wanted to show that whatever you do – you absolutely have to backtest before running it live!99% of ideas will be thrown out right after the test without ever losing a cent.

I used to mainly write on Medium – https://deandree.medium.comBut my main focus going forward will be on Twitter – https://twitter.com/___deandree

QUESTION – What personal or professional failure/setback have you experienced in your life or professional career that has set you up for later success?  (any since your last interview worth noting)

DeAndree: The worst personal setback I’ve had was tearing my ACL (a ligament in the knee). It’s one of the worst injuries as an athlete. I was an avid football player driven by huge competitiveness – I was living to play. I had the surgery, but unfortunately, the recovery didn’t go too well – I was never able to return to 100%. And if I can’t play 100%, I’d rather not play at all.

The thing is, I was not a pro player. I was an amateur and quite average even for “Sunday league” standards. The blessing in disguise here was that I was forced out of the activity that I was mediocre at. That competitive energy had to go somewhere else the next logical choice was to go all-in with my professional career – software development.

Development can be extremely competitive with the mental and intellectual battles, competing who comes up with the best, fastest, and most efficient solution.

But soon that wasn’t enough. I wanted something even more competitive with more direct money involvement and more comparable results. I wanted to play the ultimate sport as Mark Cuban put it.

My newfound interest in Crypto mixed with my deep-rooted interest in finance/money led me into trading. That’s my game for now.

QUESTION- We understand you have developed a very interesting trading app. Would love to know more about it and how our readers can download.

DeAndree: While I originally started as an algotrader, at one point I wanted to fill a void in my trading skills – learning how to trade manually Price Action style.

I was looking for an app that would help me practice trading, something that could replay historical candles and trade on them at a point in time, kind of like a trading simulator. I couldn’t find anything that really suited my needs. I wanted something super quick to start with (no install etc), has super easy UI/UX, and throws you into random asset/time and hides them, so your lookahead bias is reduced. I asked around and realized that many others would be interested in this kind of app too.

So, I created TradingGYM (https://tradinggym.app). It’s a WebApp, so no need to download or install – you can get started in seconds. When you open the app, it selects and shows you a chart of random asset at a random point in time (real data from exchanges), and you know neither one of them.

You make trades and fast-forward time to see how it played out, making your feedback/learning loop many times faster compared to paper trading. What’s also super important is that your lookahead bias is reduced, because you don’t know which asset/time you are trading. 

For now, all the assets included are Crypto, since I already had the data, and that’s the asset class I’m most familiar with. I’m open to adding other data sources (Stocks/Forex) if there will be enough demand.

I’m building a community, so if you want to follow the development and discuss/suggest new features, you are very welcome to join our Discord – https://discord.com/invite/aqRFcb2pME
We launched the app just over a month ago, so we are in the early stages. Many exciting features coming up, like indicators and challenge/1vs1 mode.

QUESTION : This is becoming a favorite question for many – plus readers get some good gift ideas from it. What purchase of less than $100 haveyou made in the past year that you simple could not live without now?

DeAndree: I just realized I almost haven’t bought anything this year. There is one thing though – The Razer Deathadder V2 mouse.It’s the next version of one of the best and most legendary mouses there is (esports gamers will know what I’m talking about). Not only is it super light (81g), it also has a great ergonomic shape and the coolest braided cable.

QUESTION – What advice would you give to your younger self – and what advice would you give to a young high school or college graduate?

DeAndree: Myself (life general)

  • Take more calculated risks.
  • More shots taken = more opportunities = more luck.
  • Focus more on what you want and what excites you.
  • Care less of what others want from you.
  • Trust the process. Focus on the next step, don’t get overwhelmed by the mountain of tasks ahead of you.
  • Stop caring too much about the things that you can’t control. Focus on taking the action, not the outcome.
  • Cut scope (your to-do list) relentlessly. Focus on the essential.
  • Less reading, more action.
  • Start before you are ready because you will never be ready.
  • Don’t wait for the sunny days. Embrace the rain.

Myself (trading)

  • Start with the basics. Learn price action trading.
  • Stop looking for the perfect indicator. It doesn’t exist.
  • Go with statistics and probability. Learn how to calculate edge. Learn what is positive expectancy. Risk/Reward and Win%.
  • Stop overcomplicating your trading.
  • Run your algo/system live ASAP. You’ll learn 10x faster from there.

Graduate (assuming it’s career-related) – understand where the money comes from and why employers pay you anything. Adjust your career accordingly. Following your dreams is totally fine as long as you realize there is a chance of being a starving artist. The world doesn’t owe you anything.

QUESTION –  What are some of your hobbies? How do you escape from the real world during these crazy times that we have been experiencing in 2020?

DeAndree: Doing sports – going to the gym, playing football, running, biking.Going to concerts and festivals.Watching really good movies (think Inception).Watching sports, mainly football (Champions League) and basketball (NBA).Listening to music at way too high volume.ESports gaming – CS, Overwatch, FIFA.

QUESTION – How has the Covid situation effected you both professionally and personally. And did any positive come out of it for you?

DeAndree: Once I realized the severity of Covid and that there will be lockdowns and restrictions for a considerable amount of time, I decided to move from the city to my hometown.

With all the restrictions, this has been a perfect time for me to focus on myself, work on my trading, work on my projects, and be with my family. Fewer distractions and temptation to do other stuff, because there’s not much to do – just work work work.
Hard to call any of this positive, but at least I’m using this unusual time as efficiently as possible.

QUESTION – When you have lost your mojo or focus , what do you do to get back on track?

DeAndree: First of all, when you’re feeling off, it’s very important to ask yourself – am I having a breakdown or a breakthrough. Sometimes you need to push through. Often, action creates motivation and must come first, not the other way around.
If there really is a problem, the fix depends on severity.

Here are some quick fixes for me:

  • Contrast showers.
  • Power Naps. An amazing way to restart your day when it’s not going your way.
  • Doing something physical – go to the gym, run, bike.
  • Watch a movie from my best-of list – Inception, Dark Knight, Matrix, etc.
  • Meditation and breathing exercises.

When it’s more severe, I’m forced to take time off and do some deep self-reflection. I go back to my notes of core lessons of life that I’ve learned, remember why I’m doing all this and what I want to accomplish.

And when it’s an absolute low – sometimes you have to realize that the old you is no longer serving the path that’s ahead. Then you rebuild.

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

DeAndree: There is no spoon.– The Matrix

QUESTION-  Thank you  for taking the time for this interview. How can our readers contact you, including on social media. And is there anything                   else you like for our readers to know about you?

DeAndree: Thank you very much for the interview, these were some great questions!

Best way to follow me and keep up is on Twitter https://twitter.com/___deandreeI started there just recently, but this will be my main place for posting in the future.

You can also find my blog on Medium – https://deandree.medium.com

Also, check out the TradingGYM app (https://tradinggym.app) and join the Discord community (https://discord.com/invite/aqRFcb2pME) if you want to keep up with the development.

Thanks for reading and best of luck!

Beyond The Trades is now sponsored by the Educational Trading Room Communities listed below 

HOLIDAY SPECIAL Rates being offered on the below – Get both rooms for only $59!

EquitiesETC Trading Room       (for stocks & options trading)

Microefutures Trading Room   (for ES futures & Market Profile trading)

Diana Peña, More Interviews

Diana Peña – Interview

QUESTION – Thank you for taking the time to participate in the Q & A session. Before we start in detail. Would you like to share with everyone who may not know, who you are, where you live and what is your current occupation? 

DIANA: Before I begin I’d like to thank the Beyond The Trades team for this opportunity, and I’d like to thank the readers for taking the time to get to know me.

My name is Diana Peña. I am born and raised from the Dominican Republic. I moved to New Jersey when I was 16 years old, at 25 I moved to Puerto Rico and at 30 I moved to North Carolina where I currently reside with my family. If I had to pick a favorite place from the 4 places I’ve lived at, it would be a small island off the coast of Puerto Rico named Culebra, it doesn’t only have one of the top 10 beaches in the world (Flamenco Beach), but it’s the most peaceful place I’ve ever been to, plus the food and the people there are amazing.

I am a retail trader and retail worker with many dreams and one set goal, which is to be successful and happy in life. I am currently in an entrepreneurship journey developing my own iOS app which is being designed to help the trading community. I am planning on releasing this app in the upcoming months. I also have a service to help traders get setup with their Sierra Chart application. Finally, I have a full time job, day trade futures and have a wonderful supportive family.

QUESTION – We understand you and the folks at Beyond The Trades have been friends for years now. How did you meet the team and are you part of their trading community – if so how?

DIANA: The Beyond The Trades folks have been a real blessing for me. I actually met Steven, the Beyond The Trades founder, through his wife Dolores or as we know her by Dee. They are truly like my distant adoptive family. I have been very fortunate to have met them during my first years of trading, because since day one they’ve always encouraged me to keep pushing forward and to not give up when I had rough days. They have also introduced me to so many awesome individuals which have been a key part on my trading journey, like JJ (VWAPTRADER1) whom is our trading mentor at the MicroeFutures trading community.

I have been a part of the MicroeFutures trading community for a year, since day one. As I reflect back on this past year, I find that I have grown so much as a trader, I have more control of my trades and emotions because I have a much better understanding of the market, all thanks to this awesome community.

QUESTION – What personal or professional failure/setback have you experienced in your life or professional career that has set you up for later success?

DIANA: Long story short… On December 15th, 2015 I was fired from my job, for about 6 month, then they hired me back. The very first day after I was let go, I started looking for “work from home” jobs. My husband had a brilliant idea, he said: “Why don’t you try trading?, There are people that make a lot of money doing that.” So, thanks to him, here I am and loving it even more every day. I am not in the six figures club, yet. But, I will. My husband has been so supportive I cant even thank him enough, every day I’ve had a bad trading day, he tells me: “You have put too many hours into this, you can’t give up now”. He is now learning how to trade as well.

If there’s anything I’ve learned from that setback is that family always comes first, that every time we get knocked down we must get up and fight again and again. Never forget that every door that closes in our face opens a brand new opportunity, we just have to go and find the right door, because you’ll never find that one opportunity by seating at home crying. Like my mentor told me: “You cry today all you want, but tomorrow you get up and be done with it, move forward”.

QUESTION– Do you trade yourself actively. If so, what instruments and method (day, swing, investor, etc)

DIANA: I do trade actively as much as I can. Sometimes is hard because of my fulltime job, family and the two other projects I am currently working on.

After trying to trade Penny Stocks and then options, I currently day trade the ES/MES futures only. I find it better to just focus all my attention on one market, and that has proven to work for me. Sometimes I try lotto options, but they are not my strong suit.

QUESTION : What purchase of less than $100 have you made in the past year that you simple could not live without now?

DIANA:: I read this question to my husband and he started laughing…

So, I bought an Air-fryer about a month ago and I have used it every single day since I bought it. I think the air-fryer is one of the best inventions since sliced bread. Try making some Margaritaville Jerk Shrimp in there as an appetizer, you’ll thank me later. lol

QUESTION – What advice would you give to your younger self – and what advice would you give to a young high school or college graduate?

DIANA: To my younger self: Hold on to the $INTC and $AMD stocks my husband and I bought on January 2008, do more research about the Stock Market and learn how to trade for a living.

To a young high school or college graduate: If you ever have an idea or think about an invention that you think could provide a solution to any given issues that we currently face, or that it could make life better, JUST GO FOR IT. Once you go for it, then see it through. The only regrets you could have in life would be not to have tried or to give up at the first try.

QUESTION – What are some of your hobbies? How do you escape from the real world during these crazy times that we have been experiencing in 2020?

DIANA: My favorite thing to do is to go out on family trips and playing video games with my kids from time to time, because I love seeing their happy faces when they ask me to play with them and I say yes.

2020 has been a crazy year and it has certainly brought out the best and the worst in people. I think to keep our sanity we must rely on our family now more than ever, reach out to our loved ones that we might have not talk to in a while and make sure they are also doing fine. “This too shall pass”.

QUESTION – We understand you are a “Sierra Chart” Whisperer (aka expert). Can you explain to our audience who may not know, what is Sierra Charts as we understand you have launched a high

quality, yet affordable “buy me a cup of coffee” program with their charting software. And how it can benefit the serious trader.

DIANA: Sierra Chart is one of those awesome software with great performance, but not very user friendly per today’s graphics standards. I think what differentiates Sierra Chart from other trading/charting software is that it has such a simple and robust design, it runs supper smooth on almost any Windows computer, and they have little to no downtime. I certainly never seen it lag or delay data, not even during the crazy Covid panic back in March 2020.

That being said, Sierra Chart could be challenging and at times frustrating if you’ve never used it and/or don’t have the time to try to figure it out. And if you try to look for videos and help on how to use Sierra Chart, they are very few, and many don’t go into details.

So, I decided to create a “Buy Me a Coffee” website to help people setup their Sierra Chart through remote support, get them up and running in no time, and help them automate some of the most used levels from the TPO Charts. You can also find customized charts and request custom made charts.

QUESTION – When you have lost your mojo or focus, what do you do to get back on track?

DIANA: The best thing for me to do is to take a step back, have some family time and then come back the next day with a fresh mindset. For example: at times I’d be working on the iOS app I am currently developing, I might get an error that could take me hours to figure out, I usually have to turn everything off, come back the following day, do some research and then I get it right.

One of the best feelings in the world is the feeling of success after trying and failing so many times.

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

DIANA: “We don’t sleep when we are tired, we sleep when we are done”

-Dr. Eric Thomas

QUESTION–  Thank you  for taking the time for this interview. How can our readers contact you, including on social media. And is there anything else you like for our readers to know about you? Including information on your Sierra Chart Charting service.

DIANA: For more info on my Sierra Chart Charting service, please visit:

https://www.buymeacoffee.com/zerosuit

You can contact me @:

Twitter: ArtemisX23

Discord: Zero Suit#3915

YouTube: https://tinyurl.com/yyd49xzb

Beyond The Trades is now sponsored by the Educational Trading Room Communities listed below  *Use The Diana’s Interview Special Discount Code to get 20% off the below: StTF1iXs

EquitiesETC Trading Room       (for stocks & options trading)

Microefutures Trading Room   (for ES futures & Market Profile trading)

Kim Ann Curtin, More Interviews

Kim Ann Curtin – Founder of The Wall Street Coach – Interview

QUESTION – Thank you for taking the time to participate in the Q & A session. Before
we start in detail, would you like to share with everyone who may not know, who you
are, where you live, and what is your current occupation?

KIM: I am Kim Ann Curtin, the founder of The Wall Street Coach, an executive coaching, consulting, and strategy firm. Born in Brooklyn, I’m now a former New Yorker who lives in Hawaii. I moved here full time four years ago. I initially came to Hawaii to house-sit so I could save some money while I wrote my book, Transforming Wall Street, but I fell in love with The Big Island, its people, and the spirit of aloha. My coaching team and I specialize in working with traders and executives. So while we do work a lot with finance professionals and finance firms, we work in all industries. I’ve been a coach for fourteen years and worked in the finance industry ten years prior to that. I am the cohost of The SteadyTrade Podcast and I host bi-monthly webinars for TrueTrader.

QUESTION – We came upon you after listening to you on a recent Confessions of a Market Maker podcast. I must say you have to be one of the best kept secrets in the retail trading community. After listening, it does not surprise us that you have helped many individual traders succeed in their trading (like co-host Ray of the pod). What got you into coaching traders and what do you feel their biggest challenge mentally or emotionally is to overcome to succeed?

KIM: While I have worked with retail traders on and off for years, there certainly has been an increase in working with them over the past year or so, and I’m sure that is because of my cohosting The SteadyTrade Podcast.

One of the biggest obstacles new retail traders face is they don’t take seriously enough just how emotionally and physiologically wired they are to do the opposite of what is in their trading account’s best interests. Many newbies think the “baked in bias” won’t apply to them, so they don’t adequately prepare for it. The more experienced traders know better, but even they can forget on occasion. I also see those who have been trading for a while can get caught up in the comparison game. There is so much hype and bravado out there online that even those who are successful can find themselves looking at other successful traders and feel inadequate. I think it’s human nature to compare, but to engage in it rarely will be an accurate comparison, and it almost never encourages better trading in yourself. I often repeat the phrase: compare = despair.

QUESTION – What personal or professional failure/setback have you experienced in your life or professional career that has set you up for later success?

KIM: Well, how I came to find myself named, The Wall Street Coach, for one! In 2006, I walked away from one of the largest hedge funds in the world to start my own coaching practice and then the crash of 2008 happened, and everyone seemed to stop spending money on coaching. I remember thinking, “Oh, my God, what have I done?” I could see my revenue begin to shrink, and it scared the hell out of me. After crying on a friend’s shoulder, she suggested something unusual. To just start coaching for free if necessary. So on October 7, 2008, I sat on a bench outside the NYSE with a homemade sign that said “The Coach Is In,” and I very unexpectedly had a line of people who wanted to do speed-coaching sessions with me. That day, the 2008 crisis began, so my timing was quite synchronistic. Weeks later, a reporter interviewed me on my bench outside the exchange, and in the article, he called me “The Wall Street Coach,” which I had not once called myself! That woke me up to the potential of a brand and the finance world as my niche. It started with buying the domain and then eventually trademarking the term. So this harrowing start birthed my brand. I am so grateful now for that experience because it led me down a path I may not have pursued otherwise.

QUESTION – Do you actively trade yourself? If so, what instruments and method (day, swing, investor, etc.) do you use?

KIM: I consider myself a baby trader, still in my infancy. I am interested in becoming a trader, but to do so, I have to give more time to reading and studying. Currently, I am still learning to use StocksToTrade’s charting and scans before I place my first trade. They generously provided me with access and a lot of learning material, so I am confident it will happen eventually. Coaching clients, managing my team and coaching firm, recording podcasts, hosting webinars, and recording classes fill up most of my days! But I am happy to report that I just purchased a large desk monitor to help me get online more often. Bryce Davis, one of the amazing trainers at StocksToTrade, is urging me to dive in, so with his coaching and encouragement, I slowly but surely am moving forward to become one.

QUESTION: What purchase of less than $100 have you made in the past year that you simply could not live without now?

KIM: Blue Light Blocking eyeglasses! I love them so much that I bought three pairs to have them in my office and two pairs at home. I even gifted a pair to my cohost Tim Bohen, who is also always online. Anyone who is on their computer or phone a lot should have a pair of these to help with eyestrain. They are about ten or twenty dollars a pair.

QUESTION – What advice would you give to your younger self—and what advice would you give to a young high school or college graduate?

KIM: To my younger self, I would say, “Be patient and trust the process. It will all work out in the end!” And to a young graduate, I would say, “Travel globally as much as you possibly can—once it is available again—and be sure to experience countries and cultures quite different from your own. Also, volunteer…a lot. If possible, volunteer where you are face to face with those in poverty or those who struggle with addiction or have been previously incarcerated or in a gang, because no matter what you’ve lived through, you will walk away grateful for the journey you have not had to endure. Additionally, it will increase your empathy and help you drop any judgments about those who have navigated these challenges.”

QUESTION – What are some of your hobbies? How do you escape from the real world during these crazy times that we have been experiencing in 2020?

KIM: My hobbies are reading, music, paddling, meditation, and hiking. I read a lot. Nonfiction and fiction. Often more than one book at a time. Books are always in my bag, my car, my office and in every room of my home. Books are like friends to me. Whatever mood I am in, I have a book that suits it. Thanks to living in Hawaii, I have been introduced to outrigger canoe paddling; it is the state sport actually! There is nothing quite like going out on the ocean after a long day in a six-man canoe, where talking is forbidden, and you just pour all your stress and tension into the ocean. I feel revived after every paddle. Plus, it’s one helluva workout! The bonus is that my canoe club, located in Kawaihae, is on the northwest coastline of The Big Island, which is the waterway that the humpback whales pass through in the winter months to give birth to their calves. So come January, in addition to paddling with spinner dolphins, turtles, and manta rays, these divine creatures will be out there with us. Paddling helps remind me to keep my troubles in check and pay close attention to how vast and sacred Mother Nature is and how truly fortunate I am.

QUESTION – What do you feel are your greatest professional and personal achievements?

KIM: Professionally, that I am still in business after fourteen years! LOL. Running a business is hard. So, while coaching itself is not, running a business is. It requires much more blood, sweat, and tears than I imagined when I began. So, I am very proud to still be here.

I’d say the greatest personal achievement, in addition to taking care of my mother for many years during her illness, is that I wrote and self-published my book, Transforming Wall Street. Writing it was one of the most challenging tasks I have ever taken on. I had to slay a lot of internal critics along the way. It took three years and gave me quite a few gray hairs, but holding it for the first time in my hands when it came out was a moment I will never forget. It still makes me smile!

What is one bucket list item you must complete before your time on earth is done? I will give you two! Visit Egypt and experience the great pyramids of Giza and experience a 2-3 month safari in Africa.

QUESTION – When you have lost your mojo or focus, what do you do to get back on track?

KIM: First, I will offer myself empathy that I am not in a good place. Then I will let myself feel whatever feelings are going on or coming up for me. I will let them out, either through writing them in a journal or sharing them with a good friend. The kind of friend who knows how to listen and hold space without trying to fix anything or “silver line” it. I will also connect with The Divine, either through meditation or just sitting in stillness. I know that losing mojo or focus is never permanent, even if it seems to last a long time. I will remind myself that nothing lasts forever, even this, so I lean into that truth. If I am really stuck and cannot shift, I will contemplate how many other people in the world might be feeling the exact same way, and I will focus on sending them loving kindness. Doing that reminds me that at least I’m not alone in it.

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

KIM: I would quote Rumi, “Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself.”

QUESTION – Thank you for taking the time for this interview. How can our readers contact you, including on social media? And is there anything else you would like for our readers to know about you—like the book you had published or any other projects you may be working on?

KIM: Thank you so much for the opportunity to share some of my journey with you and your community! My website is TheWallStreetCoach.com and my book is Transforming Wall Street: A Conscious Path for a New Future. You can find it on Amazon in hardcover and ebook. I’m launching a new online course via http://www.TradingHeroJourney.com soon where I will offer courses for traders on how to increase your emotional intelligence as well as how to be the hero of your own trading journey. My social media links are: @kimanncurtin on Twitter, Instagram, and LinkedIn.

Beyond The Trades is now sponsored by the Educational Trading Room Communities listed below 

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The Middle of The Path, Trading Essays

Trading Essays & Excerpts – “The Middle of the Path” by AllxDayxRay

One of the hardest things for the human mind is too detach itself from the results of an outcome. Winning trade = a job well done; Bad trade = I did something wrong—not necessarily the case in either outcome. For the new trader, you’re going to experience the natural swing of emotion that occurs when learning a new endeavor. You’re going to have your “breakthroughs” and bouts of success—mostly temporary—and you’re going to experience mental blocks and the inevitable loss of money– hopefully mitigated by proper risk management. Throughout this mental and emotional rollercoaster, you must maintain a moderate temperament; not getting too high at your highs, nor too low at your lows. A good rule of thumb that was taught to me that helps me stay grounded: you’re never as good as you think you are—usually referring to when you’re on a hot streak—and never as bad as you may think you are: you’re going to fall somewhere in between. Cultivating this type of mindset is the pursuit of objectivity—a crucial skill at analyzing your participation in the market. 

Being a part of a trading community I’ve been able to see this concept in full display. You’ll have your traders who are on cloud 9, experiencing a winning streak of sorts. They start talking more definitively– an aura of pride in their speech. I’ve seen a trader boast how he makes more than certain prestigious professions– which was a blasphemous statement due to the sample size from what he was drawing from: it was laughably small. Because people can’t properly attribute the factor that luck plays into their success, they overrate their abilities, which as a risk taker, is one of the most dangerous places to be mentally. You also have the flip side of the coin, traders who berate themselves. This serves no purpose other than the twisted comfort you get from self-loathing. You’re going to fail a lot in this business. Ok, a trade idea didn’t work? Figure out where you went wrong, if you even went wrong in the first place—whether on the spot or aftermarket hours, as long as your heads clear—and move on! I’m ruthless with the thoughts that I let sit in my mind while trading. If it’s not serving your trading, there is no use for them. The feeling of winning money is elating and ego boosting, while losing money strikes at our insecurities. Take the middle path, the moderate approach, not succumbing to the extreme emotions that pull at us and serve as distractions from refining our process. 

I hate it when I hear people say you must have no emotions trading. That phrase right there shows you the persons lack of understanding. We can’t turn our emotions off. We’re participating in an activity that releases a copious amount of chemical reactions in our bodies– good luck stopping that. Rather, what people who spew that phrase are really looking to say is, don’t let your emotions dictate your actions or thinking. Again, that’s something that needs to be addressed away from market hours. I recently spoke with best-selling author and legendary hedge fund trader Turney Duff on the “Confessions of a Market Maker” podcast. He implied one of his edges as a trader came from his inability to feel the highs and lows of life or a trade: a medical condition he has. It’s a condition that I’m sure he’s struggled with in his greater life, but when it came to trading it served him well. Most of us are not in Turney’s position but this really struck home the impediment our emotions present.   

Being objective doesn’t come naturally to humans. Being moderate doesn’t come naturally for some: myself included. These are things that must be worked on away from the market. The market will reveal too you who you are and specifically your flaws; if you’re a passive person, it will manifest itself in your execution and tentativeness; if you’re a do first, think second type, it will manifest itself in huge losses, blown up accounts, and high susceptibility to FOMO; if you’re an emotional type, feeling the highs of your success’s—not to mention the pride that accompanies winning which is detrimental—and the gut wrenching pain of your losses will leave you with no emotional capital. These are generalizations and individuals are more nuanced, but I wanted to put an emphasis on how the market will reveal your demons. This endeavor can be mentally and emotionally trying but strive for the middle path and ignore the extremes; whether it be exuberance; self-loathing; pride; depression: focus with unwavering intent on the process. Focus on the results, and you have a trader with a faulty process; Focus on the process, and you have a trader who produces results. 

If you’d like to be apart of a pleasant and supportive trading community, trade along side Ray & 20 year market maker turned retail trader, @vwaptrader1 visit www.microefutures.com

Gaspar, More Interviews

Gaspar – Interview

IMG_7345QUESTION – Thank you for taking the time to participate in the Q & A session. Before we start in detail. Would you like to share with everyone who may not know, who you are, where you live and what is your current occupation or student status is?

GASPAR: My name is Gaspar. I am currently I’m living in south Mexico, it’s very nice tropical weather all year around and it’s the safest place in the country to be living in, I’m currently in my 3rd year of college getting a degree in accounting and finance.

 

QUESTION – Do you trade full-time, part-time.

GASPAR: I trade full time since my school hours are now in the evening. I trade one options strategy in the SPY ETF with a weekly outlook and day trade futures in the Emini S&P 500.

 

QUESTION – What our your goals and ambitions as a trader, career and personal life?

GASPAR: I want to be a full time trader and hopefully manage money for clients eventually moving to the USA.

 

QUESTION- How would you describe what makes a successful trader. Good traits, bad traits?

GASPAR: Successful trading requires a lot of discipline, focus on what you are doing, mindfulness, you can’t become complacent in any situation and always be with the guard up, being creative and able to evolve is key.   

 

QUESTION : We understand from your Twitter feed you are now into weight lifting, any other hobbies outside of trading?

GASPAR:I started a weight loss program about 2 years ago have since lost more than 80lb and now I am lifting weights to gain muscle mass. Taking care of the body is important since it’s the vessel that helps you achieve your goals, training the mind to be stronger and push trough hard situations, I used to play video games but I have stoped doing that since it’s extensively time consuming. I would say my hobby is watching basketball. I like teams such as the Houston Rockets, Lakers, Clippers and Mavericks.

 

QUESTION – Do you have a mentor in trading?  What role do you feel a mentor and being part of a trading community in your learning and success?

GASPAR: I never had a real mentor before JJ @Vwaptrader1 at Microefutures.com Educational Trading Room. I would say learning from someone who has done it for a long time is a key advantage in speeding up your learning curve especially when you have most of the technical stuff down and you need to develop your execution to achieve your goals.

 

QUESTION – Outside of your career & trading, what are some of your hobbies? How do you escape from the real world during these crazy times?

GASPAR: Well I loved to spend time with my friends, go to parties, and the beach. Since all of that has been impossible for the last 5 months or more, I have now just put more focus on my new healthy life style, keeping track of all the nutrients and supplements I eat and working out, lifting, biking and taking my dog on walks in open air. It helps clear the mind and balance out the adrenaline one can build up while day trading.

 

QUESTION – If you could meet and hang out with any trader(s) out on the town, who would it be and why?

GASPAR: I would have dinner with JJ and other guys in the microefutures room. I like that everybody is older than me (I’m 21). I get a lot of knowledge from them, not only about trading but also in life. I would also like to meet Tic Toc Tick in person I have followed him for 2 years and think he is very talented and funny.

 

QUESTION – When you have lost your mojo or focus , what do you do to get back on track?

GASPAR: I don’t like going back and studying since I already have a very good solid understanding of the mechanics and I feel that doing that just overloads you more. I like to distance myself from trading for a couple of days and get my head right. I do some other stuff, build up some confidence, and then come back and keep at it with a good attitude.

 

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

GASPAR: “A investment in knowledge always pays the best dividends”

 

QUESTION-  Thank you  for taking the time for this interview. How can our readers contact you, including on social media. And is there anything else you like for our readers to know about you?

GASPAR: I have sacrificed a lot of time hanging with friends and going to parties. My first 2 years of trading, I would stay up all weekend watching replays, reading charts, going over what I did wrong during that week, and really train intensely. I’m a very intense person, I don’t like things done mediocrely. I like being the best, I like being proficient, and that takes a lot of effort. It’s not going to come from a book or a couple of hours of videos on YouTube. You really have to train like an all star sports player. We play a performance game and we can always get better. That’s what I love from trading; it’s a place where I can take myself to the limit and push myself everyday to be the best I can be. The score (money) is just there to confirm I’m training hard and working hard, that’s what I love. I hate seeing people come in and just ask for stuff black and white  and act like they know all the answers. I automatically know that trader still has a couple years and bad stories before the start to get a grasp for the game.

Beyond The Trades is now sponsored by the Educational Trading Room Communities listed below 

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Aggression Vs. Patience - The Uncomfortable Balance, Trading Essays

Aggression Vs. Patience – The Uncomfortable Balance

In first typing up this article I attended on emphasizing the aggression I believe traders must apply to maximize their upside: especially for the people who aspire to become a professional trader. In doing so, I’d feel remiss if I didn’t counter that aggression – unchecked – can be determent to our trading and ultimately our bankroll. While I believe aggression is in the toolbox of a trader who’s trying to maximize his profit, he also has patience in his repertoire to match. I wanted to say this so you as the reader know I’m not advocating RECKLESS aggression. As for many things in life, trading is the great balance between action and non-action: although non-action is an action. From my experiences in trading and other games of similarity, an optimal approach – or the pursuit of it – will leave you with an uncomfortable feeling. If you want to be the best trader you can be, if you want to make the most money in trading that you can, the unsettling feeling must not deter you.  

I wanted to write about “aggression” because it seems to be minimally talked about in the retail trading community. The trading twitter community loves and retweets these passive trading euphemisms, “sit on your hands”, “you don’t have to trade everyday”, “protect your capital at all cost”. There is nothing wrong with these statements and I wholeheartedly agree. But I feel like the other side of this coin doesn’t get the shine it needs. Being patient and patient alone isn’t going to take you to the promise land. Now if you trade for a hobby or entertainment and are just interesting in protecting your downside, sure: your reasoning and “goals” for trading are going to determine your approach. I’m speaking to those who are looking to maximize their upside. I’m coming from the perspective of someone who is trying to do this for a living and who wants to make a good living. 

Aggression will often make you feel uncomfortable. Trading is a game of math. Prior to trading I’ve been in other areas where machine learning and analytics have been applied: obviously there applied to trading as well. Poker, football, and daily fantasy sports being the areas I’ve looked into “optimal” play as advised by models, software and analytics. You see it with games that computers are already stronger than humans in, chess and GO. There is one common theme that is seen throughout: an often uncomfortable or counterintuitive, aggressive strategy that humans haven’t stumbled upon themselves. 

Trade Ideas artificial intelligence Holly is fairly aggressive with the quantity of trades and her profit target; and wide with her stops. You often hear people preach the opposite: less trades, take profits along the way and tighter stops. She trades set ups I doubt many human eyes would find attractive. And She is better than the majority of traders: she’s profitable. On the recent episode of “Confessions of a Market Maker” podcast, we spoke with Senior trader at SMB Capital Ryan Hasson, who spoke to the aggressive approach and the challenging of themselves that their prop firm embraces. Mike Bellafiore, head of SMB Capital puts it well in his book “The Playbook”, “We must strike and strike without mercy when the market gives us our best setup”. 

With the introduction of solvers and AI into the poker sphere, we’ve come to understand that a un-exploitable strategy is one that’s often uncomfortably aggressive for a human player, and often not intuitive. With the introduction of analytics into pro sports, you’re seeing a lot of commonly accepted principles or strategies in each respected sport going by the wayside in favor of aggressive actions. Analytics has shown the value in basketball teams shooting more 3 pointers; in football being more aggressive on early downs throwing the ball against heavier boxes and choosing to go for it on 4th down in enemy territory at a higher clip. 

All this talk about aggression and the examples I’ve given lead me to this point; striving to be the best trader you can be while in the pursuit of maximizing your strategies and profit will often leave you uncomfortable. Being uncomfortable isn’t always a bad sign. As you size up after a run of consistency, you should feel uncomfortable. Trying a new back tested strategy for the first time, probably will be uncomfortable. Losing 5 trades in a row and then having a A+ set up appear: get over your uncomfortable feelings and pull the trigger. Implementing an aggressive approach will undoubtably bring some pain and losses, especially as you work out the kinks. If you want to challenge yourself and make the most that you can, you must resist the urge to “play it safe”. There is nothing wrong with playing it safe like I mentioned earlier in the article: it all depends on your goals. But as someone who wants to make a living doing this, you have to develop a killer instinct. The cliché metaphor to trading like a sniper; Wait, wait, wait, then finger jab. Patience with timely aggression.  

This approach to trading isn’t for everyone. I’m writing from my perspective, my approach and the correlations I see with strategies in other areas outside of trading which I believe are applicable. I’ll end this article with a quote from Jesse Livermoore;“They say you never go broke taking profits. No, you don’t. But neither do you grow rich taking a four-point profit in a bull market”.

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Jorge Salazar, More Interviews

Jorge Salazar “@FunkTrader” – Interview

CgEFMS3h_400x400 (1)QUESTION – Thank you for taking the time to participate in the Q & A session. Before we start in detail. Would you like to share with everyone who may not know, who you are, where you live and what is your current occupation?  

JORGE: Before I begin, I would like to thank you for this opportunity; I am truly grateful. My name is Jorge Salazar, and I am currently living in Ventura, California.  I am member of the U.S Navy who has served close to 21 years and who is getting to ready to retire.   

 

QUESTION – Do you trade full-time, part-time. What trading instrument and are you part of any Trading Community you like to share with our audience?

JORGE: I trade futures contracts primarily the micro ES.  I am a part of a trading community called MicroEfutures.  I have to say this is the best group of people I have come across in the trading world.  As we all know there is no lack of trading rooms/communities out there.  As a matter of fact, I have been part of a couple.  But this one is different.  It is lead by JJ who has this indescribable desire and passion to help other traders who have the desire to learn and work hard.  When he interacts with you, you feel as if you are the only person in the room.  It is all about education in there. You are almost guaranteed to walk away with a new piece of knowledge everyday you are in the room.

I need to mention all the wonderful traders in there too.  We have some talented individuals in there who consistently help other traders. The support for one another feels like family.  Trading is tough and can be lonely at times.  Having people around you with a like minded mentality really helps in this journey.  I could not do it alone.

 

QUESTION – What personal or professional failure/setback have you experienced in your life or professional career that has set you up for later success?

JORGE: This is a very good question and I was talking to my wife exactly about this subject.  What has set me back in my professional career is the lack of believing in myself.  I have put limitations on myself because I either thought I was not good enough or I was afraid of rejection and failure.  Now that I have realized that and understand how it has affected me, I can use it to my advantage.  Without any action you end up without any results.  Not taking any risks because you want to protect your feelings, you will end up saying “what if”. I have decided that I will not be that person anymore and it is only pure growth from here on out. 

 

QUESTION– How would you describe what makes a successful trader. Good traits, bad traits?

JORGE: What is helping me become a successful trader is my support system.  My wife and family.  They have been there my whole 21 years in the Navy and I would not be where I am today without them.  The work ethic, passion, and discipline that I learned while in the service help in my trading as well.  Now I have many things to work on.  This is an ever-improving endeavor.  Perhaps the hardest thing I have ever done.  But I need to learn to be more patient and put aside my emotions.  

 

QUESTION : What purchase of less than $100 have you made in the past year that you simple could not live without now?

JORGE: My music streaming subscription.  I cannot live without music.  Good times and bad times music has always been there for me.

 

QUESTION – What advice would you give to your younger self as it relates to your personal life. What about advice for your younger trading self?

JORGE: Believe in yourself and do not be afraid of failure.  You will never truly know what you are capable of without discovery.  The advice I would give to my younger trading self would be to focus on one trading instrument or stock.  Learn its characteristics and get familiar with it before attempting to tackle multiple things at once.

 

QUESTION – Outside of your career * trading, what are some of your hobbies? How do you escape from the real world during these crazy times?

JORGE: Cycling, hiking, swimming, coffee roasting, working out, music and reading.  Anything that gets me out of the house and around nature I am there.  But my favorite thing to do from that list is cycling by far.  To me there is no better feeling than the one I get after completing a 50 plus mile ride. It is only you and the road and there is no quitting.   

 

QUESTION – Where do you see yourself in 5 years – then 10 years?

JORGE: I see myself having a successful micro-coffee roasting business. Coffee and trading make for a perfect combination.  The first five years will focus on getting established locally and then years 6-10 move into the e-commerce space. 

I also want to have an impactful role in the community I am going to be living in.  This will be the first time I am going to be living in the same location for more than three years. I am a firm believer that to have a strong community you need to do your part.  I want to give back wherever I can. 

 

QUESTION – When you have lost your mojo or focus, what do you do to get back on track? 

JORGE: I remove myself from whatever current environment I am in because if I do not, I tend to force things.  Then I reach out to those who have helped me along this ride called life.  Talking things out has always had its benefits, it provides me with a different perspective, or it identifies a small but important detail I might have been missing.  Then being able to see things more clearly, I get back on the bicycle saddle.

 

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

JORGE: “The saddest thing in life is wasted talent, and the choices that you make will shape your life forever.”  -A Bronx Tale

 

QUESTION–  Thank you  for taking the time for this interview. How can our readers contact you, including on social media. And is there anything else you like for our readers to know about you?

JORGE: Thank you! I am currently only active on Twitter where I go by @FunkTrader.  The last thing would be that I love hip-hop and don’t forget to support your vets.

And feel free to join me in the microefutures.com trading room where I am a member.

Excerpts Writings From JJ @vwaptrader1, Trading Essays

Excerpt Writings from JJ @Vwaptrader1

ConfessionsOfaMarketMaker

The function of wholesale and other time frames in the market and their impact on price action.
(How to swim next to the shark instead of into its mouth)

(Footprint chart provided by null_antechamber)

When a market is trading up and down in a narrow range this type of price action is known as “chop”. As traders, we are taught to avoid this type of price action and for good reason. By the end of this, you should have an understanding of how and why “chop” occurs and how to position yourself on the right side of the trade once the opportunity presents itself.

Let us see why this type of price action occurs and how observing it can help you trade with the size players who move price in the market.

While price is moving in this up and down fashion larger timeframe players are building a position. Using the tools that we have, we can see where the position is being built and how the structural location of this position can tell you the agenda of the size traders who are building it.

In the graphics below is the structure in question. Here is some background: before the regular trading hours (RTH) of July 17, 2020, the overnight inventory was long. At about 35 minutes into the RTH session, ES began its downwards correction as trapped longs sold out near the overnight low. At this point, price cannot break the overnight nor the previous day low. This is a huge indication that the sellers who took price down are not OTF size sellers, but rather trapped long players who are selling out or having their stops taken out.

Market Profile (TPO charts) shows what business is transpiring. Now we must investigate how those size traders deal with this selling and how they later profit from it.

As the initial wave of selling starts to slow down, momentum traders see this and jump in and buy. The wholesale side of the business knows this and in order not to buy the momentum traders stock back and cut into their profits, they move bids up and down resulting in chop. (Also keep in mind when a market goes to areas like the overnight low, some traders who follow price will short here and there will be others that sell from long positions down here too.)

This order flow and the way the wholesale handles it is the mechanics of this business. By creating this back and forth price action the wholesalers are able to absorb all this selling order flow, consequently resulting in what we retail traders call CHOP.

Now we will see how the wholesalers resell this position back into retail buying as the selling subsides and is “taken into wholesale inventory” This is how the wholesaler makes their money as they provide liquidity to retail traders.

Screen Shot 2020-07-23 at 4.35.59 PM

The above is the market profile which shows selling has shot off down at 3196

Screen Shot 2020-07-23 at 4.37.07 PMScreen Shot 2020-07-23 at 4.37.15 PMScreen Shot 2020-07-23 at 4.37.20 PMScreen Shot 2020-07-23 at 4.37.32 PMScreen Shot 2020-07-23 at 4.37.37 PMScreen Shot 2020-07-23 at 4.37.44 PMScreen Shot 2020-07-23 at 4.37.48 PM

Trading Essays & Excerps is now sponsored by the Educational Trading Room Communities listed below 

EquitiesETC Trading Room       (for stocks & options trading)

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Excerpts Writings From JJ @vwaptrader1, Trading Essays

Excerpts Writings from JJ @vwaptrader1

How the markets have become cleaner over time,  My confessions of Stealing order flow

Before the advent of online trading the markets were very opaque: very few people now know anything about order flow, back then even fewer did. Practically no one, including people who took companies public, knew how the mechanics of the market actually worked. For pirates of the over the counter and small-cap markets, it was heaven.

This gave rise to opportunity.  

If you had a company you took public and you were the financier you had a large position. In order to sell or dispose of that position, you need to create a market to sell it into.  This is where the Stock promoter came into play. He was hired by the inside shareholders to bring in buyers. He is given a position of say 5 million shares to use as he desires to create a market for the insiders, to say, sell 40-50 million shares.The promoter will start his campaign using all known methods of advertising to bring in buyers. When those buyers come in, their orders go to large market makers. If the large market makers do not know where to find a size seller they will move their bids up. We relied on the fact that 90% of promoters do not know how to trade or are too cheap to hire a specialist like me to manage the market. This is how we did it.

We identify deals with weak promoters and hunt their order flow. So if their stock is 1.00x 1.05 (bidxoffer) and a size buyer comes in, NITE the market maker would go bid 1.02. We would see that, call him and say “Oh we have an interest what you got?” “ I can pay the bid for 100k” he would reply. Sold!

We have just shorted 100,000 shares of a stock at 1.02. Now that bid drops and NITE goes back to say 98 cents. (under the best bid of $1).

Now for the fun part. 

We go and hit the bids HARD! You do this by hammering every bid on level 2(of course you tell your buddies to get out of the way first) then you slam it down. Once you break $1.00, you offer 200,000 shares at 98 cents and SHOW it, while you are hitting the bids. This scares the heck out of everyone, buyers scatter like pigeons, you take the stock down to close to 50 to 60 cents. You now call around looking for stock. “I can pay the bid for 150,000 shares”  The promoter will find out because you want him to. You have a market maker who is on neutral grounds call the promoters brokerage firm and show the bid; he will sell. He has too. He has gotten the stock for free and spent money to bring in buying. HE MUST SELL. You cover your short, a quick 50G booked and on to the next pillage!  All before lunch.

 JJ (@vwaptrader1) is the head educator and trader at highly popular Microefutures.com