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J.J. @Vwaptrader1 – Interview

F9D92229-917A-4BDB-94A2-478E479425E3QUESTION:   JJ so much it seems has happened in your life since you last completed your first interview with us. I do not know where to start. How about you explain your popular podcast you co-host with @AllxDayxRay called “Confessions Of A Market Maker”?

J.J. :I think people enjoy the podcast because I really don’t hide what goes on in the business. I think people appreciate knowing what goes on behind the scenes when their hard-earned money is at stake. Also, we like to use humor and keep things light while educating and bringing on some incredible guests thanks to Steve our producer. These guests bring a wealth of experience you cannot find in a book.  People like Linda Raschke and her husband Damon.   Harmel, who started in the mailroom and then built an empire.  That kind of insight is what I wanted to bring to the public.

 

QUESTION: If the podcast was not enough, we see you are also are part of the launch and unbelievable growth of the “Micro E-mini Educational Trading Room. Can you explain the concept, your target audience and future goals of the room?

J.J.: The concept of the micro futures room is to educate folks on how this whole beast works. I use the concepts of market structure to show people how markets are actually traded by size time frame players.  This is what moves price and we get some wonderful trade locations, risk and target locations from the market structure.  We are also able to tell a lot about who is in the market that day, what their intentions are so we can make intelligent trading decisions.   My goal is to keep the barrier to entry on trading education low and really help people make good common sense trading decisions. Trading is a business and a good understanding of things like inventory, front running, etc are very useful to traders in taking higher odds trades. My target audience is anyone who wants to trade with some good old fashioned common sense.  An example would be I was warning people NOT to short TSLA when the stock came off 900 down to the 735s.  The market structure was SCREAMING BUY not short.  The price rallied from 735s to the low 940s.  The profile showed how the selling just shut off.

 

QUESTION: You are a disciple of Market Profile. Many of our readers who are new traders may not understand Market Profile can you briefly explain why traders should take the time to learn. And is it good for equities (stocks) or just Futures & Commodities?

J.J.: Market profile is just a way of organizing order flow that has transacted.  To put it another way, look at it like looking at the sales in a store while the store is open.  You know who is buying or selling what and where.  It’s fascinating and the accuracy of it now given the algorithmic nature of execution is oftentimes to the tick.  Hey, if I can use this thing to find great trade location, anyone can. How handy would it be to know if you are short if there is going to be no more selling? If you are long to see when the buying dries up?  What if you could see when the crowd was trapped? Sounds crazy but like they said in the old days, “The tape never lies”.  Well same with market structure you can’t spoof, poof or moof it, TRANSACTIONS, not orders are what tell the tale.

 

QUESTION: For those who did not read your first interview. You have some background as a 20 year maker maker, now turn retail trader. Do you feel your background on the “other side” of the trade helps you now as an individual trader?

J.J.: I think my background on the other side has helped immensely.  I was shocked to learn how many people actually trade this market without having a clue of the mechanics of the system let alone the AGENDA that CREATES order flow.  Having taken or assisted in taking over 200 companies public, I have experience in actually CREATING order flow then feeding it into the market via the market makers and by generating retail interest.  When you have built a market whereby a client can sell two hundred million dollars worth of stock into, you get a good understanding of the mechanics of the system. Things like clearing and settlement are never discussed but have everything to do in equity trading and deal running.

 

QUESTION: What is one piece of advice you would give to new traders about trading low float penny stocks, considering you were often on the other side of those trades in the old days.

J.J.: My piece of advice to new traders who want to trade penny stocks and are looking for offshore brokerage firms to avoid the PDT rule is to drop that nonsense and learn to trade a real market using the micro futures.  There is no PDT rule, there are no borrows, (or fake borrows those OS firms charge you for) You simply click to short.  And you have the US government policing the markets and the firms.  The CFTC runs a clean shop.  The order flow and fills in the micro-market are wonderful, also there is no selling of 0 cost stock into the market from mysterious offshore companies(causing dilution).   Learn to trade the micro, a bad day is a 50 dollar loss.  You can basically learn to trade with training wheels.  Once you switch to Emini then you can build your account once you have learned how to trade well.  The low float game is a trap.  My old clients are buying 20 million dollar houses and flying around on private jets thanks to penny stock traders.  They thank you for being so careless with your money.   Keep trading the otc stuff, my clients can always use another beach house or Bentley, they are not shy!

 

QUESTION: What advice would you give to your younger self back then. Care to share one or two of your scars that have made you a better trader and person today.

J.J.: The advice I would give my younger self is unfortunately not to trust 99% of the people I did business with.  As the guy in Scarface says “Never underestimate the other guy’s greed” Let’s just say a LOT of people out there owe me more money than most people will make in a lifetime.  I am a very easygoing person and I trust my ability to generate revenue in whatever environment I am in.  So I just keep swimming like a good little shark is supposed to!  It’s all made me a better person, I have 0 regrets, it’s been a hell of a ride!

 

QUESTION: You seem to be a Wall Street history buff. If you had to have lunch with three characters from the past on Wall Street. Who would it be. And briefly why.

J.J.: Oh, I love Wall Street history,  U.S. Financial history is fascinating, the deals, the drama.  Vanderbilt vs Fisk with Erie Railroad, Harriman, Morgan. Diamond Jim Brady, Livermore of course, Baruch breaking into his own office to trade on European news when he forgot the keys.   But I would say, Jesse Livermore, James R Keane, and the Commodore, of course, Cornelius Vanderbilt.  Livermore just because he is our patron saint of retail trading.  Keane as I would love to sit down with the man who made a market in US Steel so Morgan and the crew could dispose of 500 million in stock in 1901! And of course, Vanderbilt who built the railroads, and ran the most beautiful stock corners, trading on just slips of paper he kept in an old cigar box.   More modern figures too such as  Sidney Weinberg who started at Goldman as janitor’s assistant cleaning spittoons then rose to CEO.   Ace Greenberg who I grew up admiring and of course Lewis Raneri, the reason I became a trader!  And a list is incomplete without  Steve Cohen.

 

QUESTION: Tell us something about your co-host and partner @allxdayxrayx (Ray D)that the general public may not know. You guys seem to be like the Odd Couple but with great chemistry together.

J.J.: Ray and I are an odd couple but the thing people don’t know is that underneath the jokes, he is a very insightful guy.  He has really helped me learn what people want in regards to learning.  For some reason, I thought everyone knew this stuff and he keeps me from forgetting the true needs of the people we are trying to help. Also despite the fresh prince of Bel Air exterior, he is very disciplined and picked up risk management first because of his poker background.  A huge advantage as everyone thinks about how much they are going to make, but never about the risk.

 

QUESTION:What motivates you both professionally and personally?

J.J.: What motivates me personally has always been a love of the markets and how we can learn from history and what these great men and women taught us before.  I have always in doing deals love the action of taking something public then afterward making a market for the stock.  Creating markets is what I love to do.  I love the process of creating demand then introducing supply. Since I no longer can take stocks from a dollar to 300 anymore I really enjoy helping people get the process, pretty cool when someone who has never traded after watching profile and learning the mechanics of the market start to pick out things I missed.  Helping people to get that first lightbulb moment when things start to click is a great feeling.  Trading is a marathon so it’s nice to have a few moments of clarity along the way, helps energize people for the next step.

 

QUESTION: What are your hobbies outside of trading?

J.J.: I love classic cars, motorcycles, boats, sailing, etc,  but lately I haven’t spent any time doing those things.   Also, I love all sorts of music especially Brazilian music, I am slowly learning Portuguese through music.  I speak French so it’s in the neighborhood.

 

QUESTION: What little known fact about you would people be surprised to know

J.J.: I think people would be surprised that I have friends from all walks of life, one of my buddies since we were 5, is a folk musician,  I have friends who are artists as well since I have no talent myself I appreciate art and music.  Huge opera buff, Wagner, etc.

 

QUESTION: What are you goals for the podcast and Microefutures.com Educational Trading Room that you teach in?

J.J.: My goal for the podcast is to bring insight to our trading community from respected leaders so they share their insight with retail traders.  I was very lucky to have some really smart people teach and help me along the way. In the Trading Room, I really want people to have a fair shot. At least if they come in and see it’s going to be work we can get them on the way.  We don’t sell dreams but if you want success and are willing to put in the time, I will do everything I can to help out.  And if I don’t know the answer to something I will go find someone who does. I think if more people actually understood the business they would save themselves a lot of heartache.

 

QUESTION: Thanks JJ for taking the time for this follow up interview. How can our traders reach you on social media or your educational room website.

J.J.: Thank you for the interview,  My Twitter is @vwaptrader1 and you can visit us at http://www.microefutures.com

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Brian Rivera – Certified CPA and Managing Member of Trader Tax CPA

9BBEE932-B5C8-4DE5-B8CB-72BAA77C52F8QUESTION – 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 and your background.

BRIAN – Sure!  I’ve been a CPA for over 13 years now and love to trade the financial markets.  Both of these passions have led me to want to serve active traders in helping navigate the often confusing tax code!  The value Trader Tax CPA brings is we understand the day to day grind it takes to trade!  In addition I also actively serve in the US Army Reserve at the rank of Major.

 

QUESTION – What and who got you into accounting and specifically tax preparation for trader and investors?

BRIAN – When I enrolled in college I wasn’t 100% sure what exactly I wanted to do.  I attended college on an Army ROTC scholarship so my plan was to go active duty and travel overseas.  My junior year of college I interned at PWC in Los Angeles and this was my first taste of public accounting.  I eventually ended up requesting to go in the reserves to fulfill my military obligation and also jump start my career at one of the top firms in the country. I launched our CPA firm many years later but at its early stages our focus was mainly on small businesses and individuals.  Not to long after I also began to explore the financial markets for passive income and slowly began to learn about day trading.

One of my good trading buddies use to bounce tax questions off me and was like man a lot of traders could benefit from this knowledge!  Most CPAs and tax professionals are not educated on the complexities of trader taxation issues.  That was when the first seed was planted and it’s slowly grown to where we are today with Trader Tax CPA!

 

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

BRIAN – I will never forget my first year working at a big 4 public accounting firm.  For those not familiar with big 4 accounting firms it’s essentially the “mecca” for CPAs and a place where many go to gain exposure to large public companies (Ernst and Young, Pricewaterhousecoopers, Deloitte, and KPMG).

My starting class was maybe 30 new staff and a question was asked during our training session on who we thought would “leave the firm first”.  Oddly enough my name came up first as most likely to leave first (which put a chip on my shoulder).  The turnover rate at these firms for first year associates is around 50% mainly because the significant hours worked (50-70 per week on average).  Needless to say, I ended up making it to manager and lasted 7 years.  On my last day with the firm there were only 2 people left from my starting class. Throughout my many endeavors in life I always strive to build a solid foundation. With proper foundation you can persevere through any storm.

 

QUESTION– Do you personally trade? And if so, what asset class (equities, options, futures, etc)?

BRIAN – I’m a firm believer that in order to be an expert or authority in any area you must immerse yourself in it.  I personally trade almost every day outside of peak tax season both equities and options. I have been doing this actively since late 2014.

 

QUESTION  What do you feel is the role in having a balance all around life in your day to day activities. What hobbies do you enjoy?

BRIAN – I recognize that there will never be the perfect balance in life but we strive to find the right equilibrium.  I like to make sure I’m sound mentally, spiritually, and physically.  What I can say through my personal experience is that discipline flows in all aspects of your life.   If you can start with one area it will spill into other areas; an example as simple as attending church every week or consistent daily exercise.

I try to treat every interaction with my wife, kids, and friends by being “in the moment”.  Often times we can be there physically but mentally somewhere else.  My favorite things to do are workout, travel, and spend time with my wife and kids!

 

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?

BRIAN – Specific to life

Life throws many peaks and valleys your way.  Every valley you experience is not a bad thing.  The many trials and tribulations you face test your faith but ultimately produces perseverance.  We can always point back and reflect on the bad times because we “learned something” which makes us wiser and stronger.

Specific to business/trading:

I use to think the best learning experience is your own.  But now that I’m a bit older and wiser the best experience is learning from someone else’s experience.  Lean on the expertise of those who you consider a mentor.

 

QUESTION – What good or bad advice do you hear often in life (or trading – or both)?

BRIAN – This is great advice that was shared with me by a very successful business owner:

“Sometimes we start with a passion and settle for a paycheck.”

“If you’re not passionate about what you are doing then you bring passion into it.”

“If you can’t find passion in what you are doing it’s time to do something else. “

 

QUESTION – If you had to give a book/books as a gift to someone,  What would you recommend and why?

BRIAN – Most recently the last book I’ve read/listened to is Can’t Hurt Me: Master Your Mind and Defy the Odds by David Goggins.  Very great read on self-discipline, mental toughness, and overall hard work.

 

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

BRIAN – That’s a great question!  I remember some years back at a military training exercise I remember going on a long ruck march with 40+ pounds in my rucksack. I recall my back hurting, blisters on my feet, sweating, and mentally ready to take a break.  We all have that “switch” that allows us to dig deep and “push through”.   So whenever I’m off track I just remember “one step at a time” and this moment will pass.

 

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

BRIAN – “As iron sharpens iron, so one person sharpens another.”

 

QUESTION – Thank you for taking the time for our readers to get to know you. How can our readers contact or follow you on social media?  And feel free to mention your tax preparation services and how traders can reach you directly to learn more.

BRIAN – Our firm can be reached at info@tradertaxcpa.com or tradertaxcpa on Twitter / Instagram/ Youtube.

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Olivia “VOZ” Voznenko – Modern Wall Street

959EE3E6-3FF7-46BB-97E7-6D817AA7F73BQUESTION – 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, what you do and your background.

OLIVIA – Hey, sure! I’m Olivia Voznenko, a business finance reporter for Modern Wall Street. Viewers call me Voz so I roll with that. I interview a variety of people like floor traders, economists, CEOs and celebrities and report on business gossip, forex, commodities, crypto and technical analysis. My journey to journalism is pretty unconventional, which will get into momentarily.

 

QUESTION – What and who got you into financial media and do you trade/invest yourself?

OLIVIA – After college I scored a job as a Sales Assistant on Wall Street through a friend of a friend. Life was good but I always had a burning desire to try the media field. I saw Modern Wall Street had a position open for a reporter – with one minor detail – the candidate was required to have a British accent! I managed to get an audition and completely faked the accent. My now boss, James, was humored by my attempt and hired me on the spot. I love being on the reporting side of finance! I’m immersed in everything from CEO drama to economics to price action. I especially have a passion for technical analysis and apply that to my trading.

 

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

OLIVIA – By the time I got to college and realized I wanted to be in the media field, I did not have the right resources to move forward with that passion. However, through networking, I was able to land a job in finance, garner an understanding and interest for it which ultimately lead the way to become an on-air reporter.

 

QUESTION– You are a popular media personality with a growing fan base. What are your goals for VOZ MEDIA?

OLIVIA – Thank you for saying that! I cherish the connection I have with my viewers and that gives me confirmation I’m in the right industry. With that said I’m still exploring the ever-expanding media landscape. There are so many avenues and so much to offer. I’m a curious person who can adjust to any personality, topic and situation. I will continue to utilize that ability into my content and while this may sound bold, I want to be the next big thing with Google-able book club picks.

 

QUESTION : What do you feel is the role in having a balance all around life in your day to day activities. What hobbies do you enjoy besides taking photos on private yachts (Steve made us ask. LOL)

OLIVIA – I have unique friends and I’m quick to take up an invite. Whether that’s going to brunch, a wacky art installment, a language class or a dance team tryout (yes this happened) it forces me to get out, live life and learn cool stuff.

 

QUESTION – What advice would you give to your younger self (both professionally & personally)

OLIVIA – I’m going to reverse that question. I actually want to thank my younger self for taking a huge risk to flip my career. That was a gutsy move that worked out in the end. So if anything, I want to channel that feisty, fearless younger self to push me to make bold moves.

 

QUESTION – What good or bad advice do you hear often in life?

OLIVIA – I think advice is subjective. A fellow friend in the business told me “if you don’t have haters, you’re doing something wrong” and this advice is perfect for me because I can take the heat. I’m way more outspoken than your average reporter and I like to interact with all viewers from the lovers to the trolls. Everyone plays an integral part in my work. I enjoy getting feedback, and I usually end up making friends with everyone once they realize how open I am about it.

 

QUESTION – We understand that you are an author of several tutorials on skin care. What are you goals and ambitions in this professional area. Any advice our many women readers?

OLIVIA – AHA! Sheer proof that people actually do ask about skincare despite all the memes that state otherwise. Joking aside, vitamin c serum. No questions, just thank you notes. And that goes to all the male readers too!

 

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

OLIVIA – I have to be in-shape to function. If my bod falls off the wagon so does my mental. I get moody and unmotivated. To avoid that, I count my macros and exercise almost every day. Abs = presence.

 

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

OLIVIA – “Follow me on Twitter:  @TheVoz4Real”

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Charles Parrino – CEO of Wall Street Trading Cards

6A3EE2B9-402F-4B5D-85CE-D0418C2309A0QUESTION – 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 and and a little bit about your company Wall Street Trading Cards

CHARLES – I was a licensed stockbroker from 1987 thru 2019. I began buying stocks as early as the 7th grade and was self taught by reading various books about investing. I decided to teach others about the importance of investing early and though Wall St Trading Cards was a fun unique way for people of all ages to start investing!

 

QUESTION – Wall Street Trading Cards seems like a perfect gift for the trader or investor. Can you explain the free share(s) of stock included in each packet. What can a customer expect?

CHARLES: Every box of Wall St Trading Cards contains three sealed packs and one pack is guaranteed to contain one free share of a random publicly traded company to help anyone start the process of investing or add to their current portfolio. All the packs contain base cards that are modeled like baseball cards showing facts and description of publicly traded stocks.

 

QUESTION – Do you trade or invest yourself? Love to hear how your business concept came about?

CHARLES – I have been trading since the 7th grade, became a Series 7 licensed broker in 1987, and then went on to trade my own money since 1998.

 

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

CHARLES – When I became a stockbroker in March of 1987, I built a big book of clients, only to see that wiped out, on my birthday on Oct 19th 1987. That was one of the most biggest percentage declines in stock market history. I later learned that stock market crashes, or set backs, line up huge long term buying opportunities!

 

QUESTION– How would you describe what makes a successful trader or investor. What challenges have you come across?

CHARLES – The key to investing is too start early and every month, quarter, or year, keep adding to you portfolio through the good and bad times. During bad times it is very challenging to add to your portfolio, but as long as you are in top quality stocks, it will generate nice compounding returns.

 

QUESTION – What do you feel is the role in having a balance all around life in your day to day activities. What hobbies do you enjoy?

CHARLES – Outside of researching and trading stocks, I have an extensive collection of baseball cards and many other sealed wax packs from the 50’s thru 90’s on my http://www.JustRipIt.com website. Sporting cards also offer a nice return over the years as long as you do your research.

 

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

CHARLES – Its never to early to start investing, but the earlier the better. Toys and Savings Bonds are great gift ideas but shares of your favorite stock accumulated through the years is a fun way to save!

 

QUESTION – What good or bad advice do you hear often in life (or trading – or both)

CHARLES – Trading: When your crying you should be buying! In life start investing and saving early as the compounded returns are phenomenal!

 

QUESTION – Where do you see yourself in five years, ten years?

CHARLES – Educating and still spreading the word in how the stock market over decades of time yield the best returns! Just ask Warren Buffet!

 

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

CHARLES – Always stay focused and never panic during bad cycles. The bad times will come, but they slowly become buying opportunities!

 

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

CHARLES – There is no better time than the present to start investing!

 

QUESTION – Thank you for taking the time for our readers to get to know you. How can our readers contact or follow you on social media?

CHARLES – Twitter: @WallStCards

Website: https://wallstreettradingcards.com

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Walter Deemer – Interview

CE5A09A8-4D68-46E3-B1C5-E9CF8C86EBA4QUESTION : 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 and your very impressive background.Including what boards that you served on in the trading industry?

WALTER : I first got hooked on TA via Joe Granville’s book in early 1962, just in time for the Crash Of 1962 and Cuban Missile Crisis, and learned a lot more in a State College board room that year than I did on Penn State’s campus. I started working for Merrill Lynch’s legendary Bob Farrell in April 1964, joined Gerry Tsai’s Manhattan Fund (“The Go-Go Years”) at the outset in 1966, moved to Boston to head Putnam’s Market Analysis Dept. in 1970, and formed Deemer Technical Research in 1980 to do TA for institutional money managers. Retired in 2016. Along the way, I was a founding member and the sixth president of the MTA (now CMT Association).

 

QUESTION : What and who got you into trading. You traded during what many considered the golden age of trading. I bet you have some great stories of characters that you traded alongside with. Care to share any?

WALTER : Trading? I very quickly learned I don’t have the right psychology to trade; I get too emotionally involved in trades, follow them way too closely, etc., etc. It takes a very special person to be a successful trader; I am not one of them.

Having said that, I am amazed how much easier it is to trade today than back then. People bitch about HFTs clipping fractions of pennies from orders – but specialists used to take eights and quarters out of every trade. Also, executions were far from instantaneous and commissions took a huge chunk out of every trade. The financial markets are constantly proving they are “the creations of man that have most humbled him” [Alan Shaw, Smith Barney], but at least the mechanics are a lot easier to deal with now. (Well, except for all those big overnight gaps.) 

 

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

WALTER : I was really, really lucky to have been in the right places at the right times. I was in Merrill Lynch’s research trainee program in 1964 when Bob Farrell had just a week to replace Arch Crawford; since I had self-taught experience I jumped ahead of more senior candidates. I joined Tsai Management (Manhattan Fund) at the very beginning to experience the Go-Go years first-hand. I was hired at Putnam in 1970 and experienced the Nifty Fifty growth stock bubble first-hand. So I was very, very fortunate – and very, very lucky – not to have to learn via failures/setbacks like virtually everyone else.

Well, there was one memorable setback; Putnam’s investment bosses in the late 1970’s were a lot more focused on their business than investment results. They pushed me out because I told it like it was (the Nifty Fifty were in a post-bubble environment) rather than the way they wanted me to — which, not incidentally, is a trait a successful trader has to have. That’s why I left Putnam and formed my own company in 1980.

 

QUESTION : How would you describe what makes a successful Trader?

WALTER : Totally unemotional; has ice water in his/her veins. Absolutely willing to abandon/reverse a trade if conditions dictate. Analyzes facts; ignores opinions. Questions everything; there are no “infallible” indicators nor 100% certainties in trading. Never, ever fails to heed the message of the markets.

 

QUESTION : What do you feel is the role in having a balance all around life in your day to day activities. What hobbies do you enjoy?

WALTER : Maintaining an all-around balance on life is a very, very difficult proposition since just about everything has some sort of impact on one’s financial thinking. Hobbies? I used to be very active in ham radio contests, where we tried to make as many contacts as possible in 10-48 hours.

 

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?

WALTER : Learn everything you can from everyone you can. But question everything; emphatic assertions of absolute truths often aren’t what they’re claimed to be. Keep some hand-drawn charts of key stocks/futures when you start out.  Finally, when you decide to buy something, don’t be cute and try to finesse a better entry price; buy at least half of the position immediately no matter how extended it looks. Most of the time you’ll buy the rest even higher – and if you’ve bought half at least your foot is in the door and you won’t sit there waiting forever for that elusive “better” entry point. (This obviously holds on the selling end, too.)

 

QUESTION : What good or bad advice do you hear often in life (or trading – or both)

WALTER : Laugh a lot; don’t take things – or yourself — too seriously. Realize everyone has a bad day/streak once in a while. Remember that when someone assures you that “This time is different” it virtually never is; those four words, in fact, are the four costliest words in trading. Understand that “Ours is not to reason why; just correctly sell and buy”; the “whys” materialize after the move, not before, and the money is made on the “what”, not the “why”.

 

QUESTION : We understand that you are an author of several popular books. Can you let share some information on them.

WALTER : ”Deemer on Technical Analysis” in 2012. “The Basic Essentials of Technical Analysis” in 2014, an expansion of the “facts of life” lecture I gave to Putnam’s new analysts to make them understand the key role technical analysis plays in the investment process (a stock is not the same as the company; since you buy stocks, you need to analyze them, and technical analysis is what you use to analyze stocks). “When the Time Comes to Buy, You Won’t Want To” last March, a collection of snappy sayings I first started employing at Putnam to hit the fund managers over the head to make a point; 64 short phrases packing a whole heap of wisdom in a very few words – all of them with deep ramifications that leave the reader with something to really ponder. (You’ve just read some of them!)

 

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

WALTER : Watch trains and Great Lakes freighters on YouTube via Virtual Railfan and Streamtime Live. Listen to old-time rock’n’roll on reelradio.com. (Marty Zweig, Bob Prechter, Stan Weinstein, John Brooks and I were all old rock’n’roll trivia enthusiasts who had legendary get-togethers at MTA Seminars.)

 

QUESTION : If you could have a big billboard with your favorite saying or message on it, what would it be. Keep it clean as I know you are from New Jersey. LOL

WALTER : “When the time comes to buy, you won’t want to!”

 

QUESTION : Thank you for taking the time for our readers to get to know you. How can our readers contact or follow you on social media?  And feel free to mention any projects or services you like to mention that you are involved with.

WALTER : I maintain an impish presence on Twitter @walterdeemer, where I make “cute” comments and share market observations. (Not predictions, observations; I’m retired and have nothing to sell any more, although I do remind people once in a while that I have books for sale on Amazon. Helps supplement my pension.)

 

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Sharlene Lindsay & Chris Hammett – Co-Founders of Traders Creed – Interview

A4481A7C-AB0A-4D93-9DD3-734610B1F1C7QUESTION – 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 and a little bit about your company? 

SHARLENE & CHRIS: We are really excited to be able to get introduced to your audience. Thank you.

My name is Sharlene Lindsay and I am the President and Co-Founder of Traders Creed. My business partner and soon to be Husband! Chris Hammett, the COO and Co-Founder. We are based in Katy, Texas.

Myself (Sharlene) have made a career for the last 20 years and currently in Oil & Gas, specifically in engineering and management roles.

Chris Hammett has made a career for the last 20+ years and currently in the IT industry.

A little about Traders Creed:

We launched the store in June of 2019 as an eCommerce apparel & accessories company. The shared vision of our store is to share with our fellow Traders/Investors our heartfelt passion, humor, and creativity. For this, we invested in the idea of providing the vast trading community with an ROTP(Return on Trading Pride) through the highest quality of apparel and accessories laced with humor intended to empower our community with even deeper feelings of pride, identity, humor, whit or celebration of success for all traders or investors, we invite all to join in our Traders Creed.

We also believe in social and environmental responsibilities and as owners we pride ourselves on having ethically sourced products. As with any true Creed it is not just about the message, it is in the actions! For instance, our designs are sourced to support graphic designers around the world. While our growth and success are shared with the community through various charities; from women’s shelters to animal rescues, and many in between. We Donate $1 from every item sold.

QUESTION – Your company has a very professional looking website and your apparel designs look fantastic. Are you strictly selling online? What is your site URL for our readers to check out?

SHARLENE & CHRIS: We are currently strictly online. In the future, we are looking to strategically place pop up Kiosks and at financial events.

www.traderscreed.com

QUESTION – What got you into trading apparel (or trading in general). Do you trade yourself? Love to hear how this all came about.

SHARLENE & CHRIS: We have been working in the corporate sector for 20+ plus years. Climbing the corporate ladder was less appealing and the reasonable sized pay raises or bonus where the thing of the past. 

Then taking an inward and outward look of the current world environment, our investments, debts, and bank accounts. Then the outlook around the politics, stock market and the economy. Questions raised “When the next bust is going to be (soon) and how long the last bull market will last (2020)?”. Current elected leaders globally set a tone of volatility in the meantime. So that drove some fear inside, but more of how do we change this to meet our goals??? We wanted to make sure we have the security and freedom. We are wanting to retire at age of 55, maybe 60 the latest. Yeah people laughed at us; but we want to make sure we can live it up before we were not able to or 6 feet under.

We started to research ways to have passive or extra income; while keeping the corporate job. Investing & Trading stocks was one that kept popping up. Trading seem to fit our personality and criteria. Started to research more on trading.  We discovered such a rich community of retail traders. Also, many that profess to “Mentors” and “Gurus”. Overall it was great to see the community of retail traders.

Began to study the “How to” and started trading. Mainly day/swing trading. Although not a seasoned trader yet. We continue to keep the account small to maintain a rule set until we are in full control of our trading. Quite honestly, haven’t even learned to short yet. We are better investor! So one step at a time.

Then one of those things, when you are starting something new, excited, euphoria kicking in and diving in the deep…We looked for apparel and accessories. Find products that spoke to us as a trader or investor. We could only find the mentors and gurus own branded T-Shirts. There was a few that had the same candle stick chart with different sayings. Basically, not much out there. Thought about this a lot and still continued to google to find something. The light bulb went off! 

When Traders Creed was born. We wanted to make sure that there was a uniqueness to the  apparel and accessories for the community to have, share, or even show-off their style and success. Also provide a bit of tongue and cheek humor as well. I loved the feeling when I saw that one shirt that produced a giggle or memory or related too. Also, of quality, where the print didn’t flake off or the color washed out quickly.

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

SHARLENE & CHRIS: Whoa, this is a loaded question (for both of us)!!

Sharlene – I started out in the oilfield when women where just starting to be recruited for field positions. It was still very much a boy’s club back then. During those years, it was difficult to fit in regardless of who you are as person and could bring to the table. It was also not structured for women in the field; such as, having a women’s bathroom, separate sleeping quarters, etc. You had to adjust to environment, while keeping yourself safe and sometimes from scandalous rumors! Time management was huge thing to have.

I had to learn to be in control of my emotional intelligence such as how I spoke when feeling frustrated (little too sharp with words), be a champion of change, organized or task orientated and learn to manage money as it was feast or famine in this industry. I even tried my hand at poker in the spare time…I didn’t become a professional, but it taught risk versus reward with entertainment of observing others.

Whether it be from the education in school or industry, there were many setbacks of not getting the promotion, reaching desired goals, learning to network or find/getting the right managers/mentors. The biggest lesson I have learned is that you can grow as person without changing who you are at the core. Each set back came with a lesson and just take a step forward with a new plan.

Chris Being in the IT industry since Intel was less than $3 a share, I have experienced so much on both sides of this question as to fill a book.  I will attempt to sum that book up into a short point of view (this is rare for me) or my Life Creed:  Life itself is very much like investing, but the currency changes with every aspect.  In the case of a Career, this is your long-term investment of Money, Sweat, tears and in some cases blood with the intent of having a high return on your investment when you reach that golden age and retire.  As for a relationship, this can be a “Swing” trade, or a “Bag Holder” trade, and in the best case, a lifelong investment that has a ROI that just does not end (the kind I have now).  As with every day in life, any success or failure builds on the past and impacts future choices, My failures and successes in my career help be identify when I might be getting into a Bull or Bear style corporate environment and to identify when and how to react with greater success or just cut my losses and pull out.  As with all trading however, success is defined by BOTH successful and failed attempts in everything we do.  The best thing I can advise to anyone for a Life Creed is to remember your successes and celebrate them, remember your failures and analyze them; don’t repeat them, in the end do not let either control you but allow them to influence your choices as you move forward and refine your own personal Traders Creed.  

QUESTION– How would you describe what makes a successful small business? What challenges have you come across?

SHARLENE & CHRIS:  Great question. In my opinion they have to passionate about the business(product/service), solving a problem (entrepreneurial), transparent, invest in people, give back to their community, consistent learning and of course willing to fail x many times.

Our adventure starting Traders Creed has been a huge learning curve and full of frustrations. The challenge was building the site and optimizing. Didn’t think there would be coding skills involved. We signed up for classes a Udemy to learn. The next is with marketing and analytics figuring out where our holes in the bucket sort speak were. We recognized the need to outsource some parts to professionals, for now.

QUESTION: What do you feel is the role in having a balanced all around life in your day to day activities? What hobbies do you enjoy?

SHARLENE & CHRIS:

Sharlene – I believe that we need to have balance to remain healthy mentally, physically, and for our family. If you don’t balance it, you won’t be happy. Balance is always a balancing act and a choice.

My hobbies: I am an animal lover – I like to help out dog rescues, playing poker when I can, swing trading (market research).

Chris – Balance in life is truly a precious thing, and elusive. Life has a way of knocking us around, at the end of each day I enjoy reflecting on my choices and opportunities given me to recover from the imbalance life tosses at me.  That helps me refine my choices later, I am horrible with lists and structure so for me it is on the spot or in the moment choices I rely on and reflect on to help me do even better the next day.  This can be anything from maintaining a diet, to deciding where and when to spend my money or if I even need to (which my hobbies often make trouble for me in).  I do believe as Sharlene does, we need balance and that balance is obtained by the choices we make from the moment we wake to the moment we rest.

As for Hobbies, this is a laundry list for me, as a person who lives in the moment, I can take up a hobby on a whim (often knocking Sharlene out of balance) and drop one just as fast.  The few hobbies I have help to however are Radio Controlled devices and Drones; Photography, and Technology Gadgets.  Mostly for me it is Technology, just the joy of tinkering and building, it is a place I go for relaxing and resting through learning and play.  

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

SHARLENE & CHRIS:

Sharlene – Learn everything involving Finance and Coding.

Chris – That is a hard one, because for me I would not take the chance of changing where I am today.  Though I would love to advise my younger self that when your father comes and asks what Technology stock to invest in, get an allowance and buy intel, Microsoft and Apple stocks as much and fast as you can.  Everything else leave it alone because that is what defined me as I am now. I may not be perfect, but the perfect parts of my life may be lost in any change.  

QUESTION – What good or bad advice do you hear often in life (or in trading – or both)?

SHARLENE & CHRIS:

Sharlene – Bad advice: Listen to “Gurus”

     Good Advice: Continually learn & try new things both in life and trading.

Chris – Bad Advice = Just wait for it to happen it will, someone will do it eventually…  (NEVER LISTEN TO THIS)

Good advice = Ok I am about to sound Clichés here, but it rings true:  Treat every day like it was your last, love truly and completely, and never leave thoughts of the heart unsaid.  Things in life will come and go as the wind and water, it is the things of the heart, the love and memories that you make and those you make them with that are truly precious and priceless.

QUESTION – Where do you see yourself in five years? Ten years?

SHARLENE & CHRIS:

Sharlene – In five years I hope to be retire from industry to travel & trade more, hopefully have that financial freedom! In ten years, fully retired and enjoying future grandkids.

Chris – 5 years, working from home if not retired, making what I love a reality through Traders Creed, I love sharing humor and I have a passion for making people laugh.  I am just learning through Traders Creed how to do so with a twist in trading.

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

SHARLENE & CHRIS:

Sharlene – Depending on how big/bad it is, can range from going for a walk, listening to music or take a vacation to reset.

Chris – For me it ranges, from playing a game on the PC to listening to Music, to playing with the Pups Bella or Queenie.  Honestly, a good play time with Dogs can lighten even the nastiest of days.

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

SHARLENE & CHRIS:

Sharlene – Be the best you and don’t forget to have humor.

Chris – Cliché: Life is to short, spend it laughing, sharing, loving those around you, even those you don’t like.

QUESTION: Thank you for taking the time for our readers to get to know you. How can our readers contact or follow you on social media?  And feel free to mention any projects or services that you are involved with.

SHARLENE & CHRIS:

Thank you for having us. We can reach at:

Instagram: https://www.instagram.com/traders_creed/

Twitter: https://twitter.com/Traders_Creed

Facebook: https://www.facebook.com/TradersCreedLLC/

Contact:

Phone/Text: 1-202-900-9925

Info@traderscreed.com

www.traderscreed.com

We are currently working with Animal Coalition Unlimited to raise funds to pay the bills of rescuing & care of these dogs. Check out the collection here. 100% proceeds go to them!

 

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Scott San Emeterio – BallStreet Trading CEO – Interview

343D5393-AB10-412A-B3E5-1671E4A56375QUESTION – 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, what you do, where you live and what exactly is BallStreet Trading and how it has very good synergy with the trading industry?

SCOTT – Really excited to be able to get introduced to your audience. My name is Scott San Emeterio and I am the CEO and Founder of BallStreet Trading. I live in New York, New York and have spent the last 15 years in Investment Banking, specifically in fixed income trading at Credit Suisse specializing in MBS.

BallStreet is a free-to-play real-time prediction market that lets traders compete against each other as they watch any live event. What we’ve done is create a live market which lets everyone buy and sell shares of teams based on win probability. Our markets trade from 0 to 100 during the game. At the end of the game the shares of the winning team will value at 100 and the shares of the losing team will value at 0, so like a binary option. The goal is simple, create the best trading P&L during the game.

The synergy we’ve created is taking the best of sports and the best of trading and bringing them together. Who hasn’t thought about trading a live game? For anyone who loves sports and trading BallStreet should be a great addition to any game.

 

QUESTION – Why should traders consider joining BallStreet Trading and what does a typical member look like that they would be competing against. Now is a good time to introduce this unique marriage of trading and sports to the social media masses

SCOTT – I think sports, sports betting and trading are worlds that are begging to be brought together. Traders who love sports should really enjoy the platform. We’ve gone our of our way to take the best of trading and remove all of the potential distractions that come with trading markets to really simplify the experience. Our approach is more of a video game and not your typical trading software which leads itself to be more Xbox than Bloomberg. Our priority is to make the market entertaining.

Our traders range from professionals who trade everything from derivatives to commodities to college students who are looking to try out the newest sports app. The markets and our pricing of team shares is driven solely from our traders as they compete against each other and prove their ability to predict and trade the game flow. There is no hiding in our markets, everyone has the same information and ability to buy and sell in real-time.

 

QUESTION – Shifting away for a second from your company. What failure or setback in trading have you experienced that has set you up for latter success? I understand you do have a background in Investment banking?

SCOTT – I spent the last 15 years in investment banking with the last 13 at Credit Suisse working primarily in fixed income. I started at CS in 2005 working in MBS and spent 2007-2010 working on their Sub Prime desk, so the perspective I was given with a front row seat during the crisis is something that has stayed with me.

Those days had a little bit of everything from Credit Suisse’s $3B write down to TARP, Lehman and Bear, I was there watching this all play out in the markets everyday. Looking back you get both the experience of what that time taught you but also the perspective of the destruction the crisis caused on so many levels.

To be that close to the chaos and watch what it did to both my career and countless other people’s careers was a major driving force in exploring options away from financial services and ultimately BallStreet.

 

QUESTION – Outside of trading and sports, what strange or unusual habits do you have and enjoy? What are your goals if any both in life and for BallStreet Trading (future IPO, etc)

SCOTT – I spent a good 3-4 years playing online poker almost everyday back during the boom in the early 2000s which definitely helped create the blue print for BallStreet. Living in New York I don’t get to play as much as I used to but still get to play in a couple home games and city clubs when I can. My wife and I just had our first child in July so with everything going on poker doesn’t get to the top of the list too often anymore.

As far as the goals for BallStreet, right now the focus is directly on scaling our user base and introducing it to as many potential traders as we can. We are building a platform that will look to engage and entertain sports fans on a different level and leverage it as a marketing tool that will bring fans and viewers into the ad model. Brands spend billions of dollars to get exposure during live events and broadcasts but the fans don’t see any of it. We’ve created a system that invites brands to engage fans during these live events in real-time but also welcomes fans to be a part of the process by using the ad spend as the prize pool. It’s a system were everyone wins.

If we can accomplish developing a unique market experience and leverage it as a marketing platform I think for us sky is the limit and anything is possible, even an IPO.

Ideally over the next year we can scale and attract investors who share our vision for the platform and can look to make us a national brand and eventually build out our real money business model. Imagine traders paying a $100 entry fee and if their P&L is inside the top 20% they win $500. All from trading sports.

Once we pull that off, if you need me you can find me on a vineyard in Portugal or Spain.

 

QUESTION- What is one trait that you are currently working on in personally improving in yourself?

SCOTT – I’m definitely a big picture and idea person. Everyday I try to focus more on specific tasks and really look at the details of what drives my decision process and how I can get better at spending the appropriate amount of time to consider all possible angles and outcomes. Sometimes I can get caught up on getting to the next task without giving an issue the attention it deserves.

 

QUESTION – What advice would you give to your younger self? (as we have many young adult viewers of these interviews)

SCOTT – Other than stay out of MBS? I would have to say that everything you do today will ultimately drive how your future is formed. Take the opportunity when you are young to leverage the time you have to make as many good decisions as you can because they all add up over time. It doesn’t matter how small, just make good decisions and they will lead you where you want to be.

Another key to the psychology of the trading world is that most of us are here to make money. It’s not a surprise and people should own that. The concept of money is something I wish I could go back and give myself some advice on. Money’s true value isn’t material. Money’s true value is in the freedom it can afford you when you can buy your own time.

 

QUESTION – What good & bad advice do you hear often in trading, sports betting AND life?

SCOTT – I think here are so many parallels across them all and the best advice is usually the most simple, just be disciplined. The more disciplined you are the better you can expect your outcomes. Be disciplined; have a plan, have a bankroll management system and a clear and defined goal.

As far as bad advice…don’t bet baseball because you’re a Yankee fan. Just because you’re a sports fan doesn’t mean you should be betting sports! The two have little if anything to do which each other. It’s the same with markets, don’t buy Apple because of some news you heard on twitter, there are so many factors in play in the market. Understand them and have a plan when making decisions.

 

QUESTION – What are your favorite books to read and why?

SCOTT – I love books that I can learn from. I just got finished reading David Meltzer’s “Game Time Decision Making” and thought he did a great job outlining how people should be approaching life and business using sports metaphors to really articulate the points he was trying to make.

 

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

SCOTT – I have admittedly been trying to be more mindful and bring meditation into my life. It’s not always easy to find the time to build new routines and it’s something I am definitely trying to do but admit haven’t been able to do as much as I would like.

 

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

SCOTT – Stay far from timid, only make moves when your heart’s in it, and live the phrase ‘sky’s the limit’ – Notorious B.I.G

 

QUESTION – Thank you for taking the time for our readers to get to know you. Is there anything else you like to say or even promote?  How can our readers contact you on social media.

SCOTT – We just really appreciate the opportunity to introduce BallStreet to genuine and traders. For anyone looking to learn more about the platform and our vision to help create real-time markets for any live event they can reach us via:

Home Page: https://www.ballstreettrading.com

Direct to App; https://a.ballst.co/btt

Twitter: @ballstreetapp

My Personal Twitter: @ballstreetceo

Would love to hear from everybody and am happy to answer any questions about finance, investment banking, trading, BallStreet or start up life.

For anyone trading on the exchange we would be beyond appreciative to hear feedback both good and bad. Our goal is to continue to update and upgrade the app every chance we get and the opinions of actual traders are the foundation we hope to build off of.

Thanks again for the time to talk, I really do appreciate it.

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Lukas “TheShortBear” – Interview

56966C4F-23BC-4A0A-90A8-B4E842A7D7CDQUESTION – 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, what you do, where you live and what trade room and where you can be found everyday.

LUKAS – Of course, my name is Lukas aka “TheShortBear” and I am a Daytrader from Germany.

Over the years my strategies and trading changed a lot from a purely technical trader to a more fundamentally based approach.

Over 95% of my trades are on the short side as my primary strategy focuses a lot on dilution and the fundamental state of a company.

Nowadays I am a full time Daytrader and moderator at MadazMoney where I share my approach through text, live audio and video sessions as well as through a complete video library exclusively available for members every single day of the week.

 

QUESTION – Do you trade full time as you are relatively young (may we ask your age). What pro’s and con’s are you finding trading fulltime at such a young age.

LUKAS – Yes, indeed I am a full time Daytrader nowadays. I started trading when I was 13 years old back in 2013. In contrary to other countries the German time zone is very indulgent as the market opens at 3:30pm which allowed me to be able to sit in front of the markets all these years. It may seem as if starting to trade as such a young age might be a negative thing, but it was the best thing I could have done and one of the best decisions I ever made in my entire life. The biggest benefit has to be the mental side. The older you get the harder it gets to learn new principles.(think of it as learning a new language). I grew up trading, making the typical mistakes, I have gone through the blow ups and sleepless nights, but being able to absorb as much new knowledge and understand the mistakes I made helped tremendously.

Otherwise time is a big benefit. When I started studying the markets I studied for 10 hours per day every single day of the week, I was hooked. From the point I came back from school to bed time I was sitting at the desk learning. The last big benefit is the financial side, though you don’t have much capital to start trading with you are usually taken care of regarding the financial side. if you don’t make money in the markets you will still get food on the table or have a bedroom to sleep in. Having that problem lifted off my shoulders and its importance is something I did not realize at the time. The only negative point I can think of is that you need an adult to open your trading account. Not every parent is supportive regarding trading and as the markets stereotypes continue to be present in the society it might be an issue for some young traders out there. My opinion is this, if you can, start learning right away, no matter your age you would have wished you had started earlier like I would have rather started when I was 8 years old!

 

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

LUKAS – The ironic thing about trading is the more something hurts, the more you learn. Back in 2013- 2014 I blew up multiple accounts. Those were not major accounts and below 4000$, but let me tell you something, for a young kid this kind of money is everything I had. Every blowup had a clear reason! The main points and mistakes I made were: Thinking it would be as easy, oversizing, not having data or a proven strategy, risk management and revenge trading (emotions). Having those experiences is the best thing that could have happened to me because it led to the making of new rules that are the ground pillars of my trading. Early mistakes feel the worst but help you the most even if you don’t realize it at first. Mistakes and even blowups are part of the journey, so don’t give up because the very pain you gave up because of, might make your success as a trader!

 

QUESTION – Outside of trading, what strange or unusual habit do you have and enjoy? We see you have a strong twitter following. What are your goals if any, for your Twitter account?

LUKAS – As strange as it might sound there are not many things in my life that have nothing to do with trading because there is nothing I enjoy more. I built my life around trading and it helps tremendously! Usually every weekend I work on projects with fellow traders for a minimum of 10 hours per day. I also go to the gym every single day which helps me with my mind-body connection and my discipline right after I create content for the chat members. The only three things I do on a regular basis when I am not trading are cooking, going out to eat every third day and going out to the city on Saturday nights. I wake up every single day with a big smile on my face because I am able to make a good living while doing exactly what I want with the traders and friends I enjoy being around, so i don’t really have or need a lot of habits that don’t involve trading!

At first I created my twitter account to learn . Many traders, even if unintentionally helped me when I was a beginner trader and I didn’t know what I was doing. Sometimes they were hard with me but it is what I needed. In this spirit I continued posting my thoughts on twitter. I believe in giving back and giving before receiving. I wouldn’t be where I am without some traders I met on twitter and I feel like giving back not only saves a lot of traders by learning about the trading reality and not getting suckered in by sales pitches. The plan going forward will be to able to share even more of my knowledge which is why I joined MadazMoney as a moderator! It gives traders a strong and safe platform to learn about trading!

 

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

LUKAS – I would describe myself as a 95% short bias trader, basing my trading and trading thesis around fundamental analysis and executing the idea with technical analysis. Most traders seem to feel like you need to either be a fundamental or a technical trader. I just take the best out of both worlds and put all odds on my side! My trading is based around one thing, DATA! Every decision I make is based on data. it does not matter if I am looking at the fundamentals or the technicals, I need to know how likely the trade idea I have is going to work. No matter if I enter, add, take profits or stop out I am always looking at the data which tells me what to do. Nothing is left to luck, trading is a business!

The main aspect that changed is my fundamental approach, when I first started you could not find one thing about fundamentals. I learned through hard work and learned about it one small piece at a time like a giant puzzle that since, allows me to see the whole picture.

The second aspect is automation. Most of my trading be it tracking, my trading indicators to my data points are coded into my charting platform which allows me to visualize my trading. Every big project I have completed has been coded by my friend @scriptstotrade which helped me not only save time but also to be more precise.

 

QUESTION : Your screen name suggests either you like the Chicago Bears football team, or you like to short stocks. Can you explain the evolution of “Short Bear”?

LUKAS – I chose the name “TheShortBear” for a few reasons. The first reason is that I am a short bias trader. As previously stated I am short 95% of the time which meant I had to choose a name that represented what and who I am. The second reason is pretty ironic. I am 2.02m (6.6 foot) which made the name even more appealing and ironic. I enjoy seeing people look up and wonder why I chose this name. it makes for a great conversation.

 

QUESTION – What advice would you give other young adults looking to get into trading. As statistics show that most will fail and lose money at it.

LUKAS – Successful traders are only the traders that never gave up! Trading is hard, it is probably one of the most difficult things I had to master in my life, still to this day I continuously learn and evolve as a trader. You will make mistakes and you will probably blow up before eventually finding success. See the early mistakes and blowup as tuition. Knowing that should help with trading on the mental side. DO NOT start out with everything you have, only play with what you can lose! Otherwise there is one thing that helps and I mean helps more than anything else. This thing is „DATA“! Data not only minimizes your losses and maximizes your winners, but it also allows you to have mental and emotional control at all times. Track your strategy, track your trading and every aspect if it is quantifiable. It turned my whole trading around.

 

QUESTION – What good & bad advice do you hear often in trading AND life?
In my opinion there are a few misconceptions in life as well as in trading that are either stated wrong or plain and simple wrong.

LUKAS – The first thing is “Green is green” or “Green is always good”. Let me explain the issue with a simple math equation. If you close your gains for a 100$ win because you are afraid of giving it back but always let your losers run and close your trade for -1000$ every time you would need a 90% win rate with a 1/1 risk ratio just to breakeven! Green is not always good, it may feel better, but we all know how emotional traders end up! I would rather have a planned loss than an unplanned winner!

Another thing is the rush of trading, I hear a lot about the trading rush and the need for adrenaline in trading. let me tell you if you feel anything you have either no plan and data or you sized up too big! Trading needs to be as emotionless as possible, data, plan, execution and out, the odds will do the rest.

There are a lot of trading stereotypes but the biggest one must be the involved risk. we all probably heard something like „are you sure? Trading is gambling, get a real job“. This is something I had to deal with as a beginning trader and I still hear it to this day. While employees are only employed as long as their employer needs them, my employer, the market, will still be here tomorrow, a week, a year. Trading is not gambling, when I am trading I am the house. I trade my edge and take the gamblers money. Successful traders are focused on the numbers and don’t let luck navigate them through life, at least I don’t. It always amazes me when I have a complete plan from these next hours to years and decades ahead but the very people saying I am gambling follow what they have learned through the society they live in without questioning the sense.

 

QUESTION – What are your favorite books to read and why?

LUKAS – There are a lot of books I read over the years, but let me tell you which ones really resonated with me:

Trading mindset and process: “Reminiscences of a Stock Operator“
Trading technical analysis: “Technical Analysis of the Financial Markets” by John J. Murphy Trading fundamentals: “Security Analysis: Sixth Edition“ (for big caps)
Trading psychology:
“The Psychology of Trading: Tools and Techniques for Minding the Markets“
“The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist“ “Trading in the Zone – by Mark Douglas“
All around psychology/biography: Market Wizards(all of them)

 

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

LUKAS – Every time I feel like I am losing my edge, focus, take a bigger loss or I don’t feel good because of any giving reason I always do the same things.
First I size down drastically, at that point it is not about making a lot of money but it is about protecting my account and being ready for when either the market picks up again or I am back mentally or/and physically. After and while sizing down I track my trading even more carefully as well as the market. If my performance, my business takes a hit I need to know if it is because I do not respect my plan and strategies, if it is the market or if it is something completely different. Once I feel like I consistent and fully back I will start to size up again until I am back at my full size.

 

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

LUKAS – “Data, data, data!”
“Never give up, you have one life, don’t waste it” “Carpe diem, seize the day”

 

QUESTION – Thank you for taking the time for our readers to get to know you. Is there anything else you like to say or even promote? How can our readers contact you on social media.

LUKAS – I am always available on twitter and my private messages are open for everyone to contact me. Every single day I am moderating in the MadazMoney.com chatroom where I teach my entire approach. We are working hard to provide everyone with the best tools to succeed in this profession all while having a great time, if you want to learn more: http://bit.ly/2QAncY6

Other than that I am constantly trying to provide free content through my YouTube channel “TheShortBear” and always I am reachable through my email:

lukas@madazmoney.com.
Thank you for having me!

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Mark Sear – Interview

73DF75CE-CCF8-4050-B215-6EFB8B24100DQUESTION – 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, what you do, where you live, work and your experience in the trading community. (including any Trading Services you might offer to institutions or individual retail traders)

MARK – My name is Mark Sear. I live in the UK, in a small village but not far outside the global financial centre of London. I am Co-founder of Inteligex, which is an algorithm based high speed trading alert system. Inteligex offers a fully automated trading system that runs on your own PC with your own personalised strategy and risk settings. It is a smaller version of the algo trading machines used by hedge funds and banks. I have spent over 20 years in the trading arena including working as a Quant with various big banks as well as Data Scientist roles and leadership in a number of start-ups.

 

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

MARK – I had a number of failures in my early years but if I had to find one that stands out it is when I damaged my leg very badly. That meant I couldn’t fulfil my dream of joining the Parachute Regiment. However, that led me instead into Intelligence where I found my passion for examining, understanding and forecasting data. I guess everything happens for a reason.

 

QUESTION – What role model did you have earlier in life? And do you currently have anyone you would consider a mentor?

MARK – I grew up in a poor home and wasn’t really looking for a mentor, I was just focused on surviving. My parents did what they could for me and provided great stability and I still look up to my late father. He was a good man, a much better man than me and use his influence to try and become a more decent person every day. Somebody I also hold in very high esteem is the famous WWII cryptologist Alan Turing. His focus, passion and dedication to understanding and interpreting data patterns undoubtedly shortened the war. His subsequent treatment by the UK government was abhorrent, but that’s a different topic.

 

QUESTION– How would you describe what makes a successful Trader – keeping in mind that it has been reported that 90% of traders fail.

MARK – Only 90%? I’d say it’s higher than that, especially for the self taught ones. When I started trading, over 20 years ago, you could get an edge and more easily make money trading. Now it’s hard to get an edge as the majority of trades in most markets are being done automatically. When you start out trading you need to have really clear expectations that it’s a new skill and will take time to learn. Too many people just want it to work now and won’t put in the hard yards.

First, I would say you need a system, something that gives you a trading structure and enables you to set a personalised strategy and risk profile. If you’re doing something consistently and recording it you can see where you are winning and losing and where you need to improve. Second, you need training. I learn something new about the markets every day and I’ve been doing this for over 20 years. Think like a child and absorb everything. Third, exploit technology. Over 80% of stocks traded in the US are automated, why would you want to be in the 20%. Are you still going to work on a horse when everyone else is driving a car!

That’s why we built Inteligex, it augments your human intelligence by using the best bits of AI and algorithms.

 

QUESTION : What is the role in having a balance all around life in your day to day activities. What hobbies do you enjoy?

MARK – I think balance is important but the markets trade 24/7 and to be honest I tend to get very focused on them. I love yoga so I make time for that and I’m happy when I’m in nature away from the hustle and bustle of the city.

 

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?

MARK – Be yourself, do what you want to do not what you think others want. Lose the ego, it stops you learning and slows down your development.

 

QUESTION – What good & bad advice do you hear often in life, as well as in trading?

MARK – In these days of social media and constant news there is so much advice about you just need a really good filter. To be honest, my personal view is that there is so much rubbish and fake news, a lot of it you just need to switch off! Let’s face it, when it comes to trading, when it’s in the news you’re already behind the curve and you’ve lost the edge.

I advise giving yourself time to do the thinking and learning and know that you never become an expert, every day is going to be different and you’ll see many challenges so just enjoy the ride! We’re just passing through!

 

QUESTION – Outside of your own (which you can still list below)…. What are your favorite books to read and why?

MARK – I like historical books and am fascinated by the feats that humans have accomplished over the years, often against significant adversity; you could say I align with the underdog. I no longer read many business or finance books but I do like it when somebody comes along with something that aligns to my view of the world. This has recently happened with Simon Sinek, what he has codified is just obvious to me and that’s the beauty of it!

 

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

MARK – I have to be totally alone with my thoughts to get myself back on track, ideally out in nature or by the sea.

 

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

MARK – Love all, trust a few, do wrong to none.

 

You can FOLLOW Mark Sear on Twitter at @InteligexTrader or visit his company’s website at bit.ly/2JWEw5o

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Anthony M. Denier – Webull CEO – Interview

ED70A448-F889-406A-B92B-3C29FE5A8855QUESTION: 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 and your background.

ANTHONY: Thank you for recognizing me and our team at Webull. My name is Anthony Denier and I am the CEO of Webull Financial. Born and raised in New York, I grew up 20 miles east of midtown on Long Island, attended college at Columbia University, and got my first job out of school trading equities for Credit Suisse in New York. Compared to my fintech peers, I probably have a more traditional Wall Street background than most that is heavily rooted in adhering to industry regulation and customer protections.

 

QUESTION: Your company WeBull has burst upon the trading scene recently. Can you briefly describe what you do, your short and long term objectives. And the benefits you feel you bring to day,swing and long term traders.

ANTHONY: Webull provides premium trading, market data, and analytical tools to all investors, regardless of AUM or trade activity for free. No minimums, no fees. Many users don’t know, but Webull started as a free market data app, and we only added the brokerage and trading component in May 2018. We now boast over 10 million global downloads of the app and hundreds of thousands of brokerage accounts in the US. Our short term goal is to provide all the tools we possibly can for our users to make smarter trade decisions. We strive to continue to add new products for our users, like options, and crypto, but want to be sure we roll these products out correctly to our users so Webull can be a place where they grow their money, rather than lose it due to inexperience or lack of information on what they are trading. Eventually, Webull we be the premier destination for free trading and investing tools for users who don’t want to actively trade their own accounts.

 

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

ANTHONY: One of the reasons I love the northeast is the change of seasons, without the darkness and cold of winter, you cannot truly appreciate the light and warmth of summer. The same applies to life experiences. As an institutional trader, I was subject to the boom and bust cycles of the economy and found myself taking lateral jobs across my career because I was confident in what I knew and scared of what I didn’t. In 2012, I was trading equities for the Dutch bank, ING and they decided to close down their equities business in the US. I was devastated as I had a growing family and fears of not being able to provide for them. I knew I needed to adapt and embrace the fear of the unknown so I started my own broker dealer. This turned out to be the path of learning that would bring me to eventually start Webull Financial 5 years later.

 

QUESTION: How would you describe what makes a successful Trader – keeping in mind that it has been reported that 90% of traders fail. And how do you feel WeBull can better those odds for the everyday retail trader.

ANTHONY: A successful trader is someone that can learn from and perhaps more importantly, not repeat past mistakes. The main difference between a trader for an investment bank and a retail trader is information. Retail traders are always at a disadvantage because they simply lack the tools of their institutional counterparts. Webull levels the playing field. Webull provides real time volume analysis, community discussion boards, and stock analysis tools so retail traders are no longer only executing trades on last price and internet searches.

 

QUESTION: Away from your role at WeBull, what do you feel is the role in having a balance all around life in your day to day activities. What hobbies do you enjoy?

ANTHONY: I wear a suit most days and stare at a computer longer than the recommended daily allowance, so when I’m not working I am spending time with children. Most notably, I have been coaching my sons little league teams now for several years. It not only selfishly gets me out of the office early some days, but it gives me a chance to interact with them in a positive way by teaching, instilling confidence, and helping them to overcome failures.

 

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?

ANTHONY: I would tell myself that disappointment and failure are unavoidable, just be sure to take from that a powerful lesson and don’t ever repeat.

 

QUESTION: What good & bad advice do you hear often in life (professional or personal)?

ANTHONY: My wife tells me, “Integrity is hard earned and easily taken away.” There couldn’t be a more succinct piece of advice. Always question anyone or anything that promises you to get rich quick, or success with little to no effort. This is just not true.

 

QUESTION: If you had to give a book or books as a gift to someone,  What would you recommendand why?

ANTHONY: I recently finished Moby Dick from start to finish. Even though I “studied” it in school I only read the parts that needed to be read. In order to fully appreciate the battle and futile dedication of Ahab and his mission the reader has to also endure. Its not an easy beach read, but when your through you have the feeling of accomplishment that only comes after doing something difficult. Such is life.

 

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

ANTHONY: Simple, take a day off and focus on what matters most in your life. In my case, my family. Spending quality time those that mean the most to me always refuels me drive forward and succeed.

 

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

ANTHONY: Without risk, there is rarely reward. – Paul Allen

 

Thanks for allowing our readers to get to know you. To find out more information about Webull visit them at: