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?
JESSICA: Thanks for reaching out! My name is Jessica McCarthy. I live in Nova Scotia Canada with my fiance Mike and our adorable pup Winston. I’ve been a registered dental hygienist for almost 10 years but since the pandemic started 3 months ago, I have started my own little journey into learning how to trade.
QUESTION: We understand you are getting married to Michael Nauss, a recent guest on the Confessions Of A Market Maker podcast (as well as a previous interview here at Beyond The Trades last year). How has Michael played a role in your development as a trader. We Understand that using backtesting strategies is a major focus in your trading
JESSICA: To be honest I never thought I’d be giving the trading thing a go. Mike has tried and tried over the years to get me interested in the financial markets but I was always intimidated and overwhelmed by what I saw. All that data, so many numbers and so much risk I just always thought of it as another way to gamble! Mike does a lot of work on building algos and backtesting with Trade Ideas and he takes his work almost everywhere, so I’ve been able to see A LOT of it. He is a total nerd with all the math that goes into building all that and it totally goes over my head. I’m actually more interested in the technical side of things. I like looking at charts and patterns, it just makes more sense to me. Once we get further along he will be teaching me the rundown on the backtester and you can be sure we’ll have all the hows and why’s posted to my channel.
QUESTION: What personal or professional failure/setback have you experienced in your life or professional career that has set you up for later success?
JESSICA: One of the biggest ass-kickings of my life was when I decided that I was going to run my own mobile dental hygiene clinic and service mostly nursing homes and long term care facilities. It was an awesome idea! Low overhead, little competition, scaleable, and something I knew I was good at. So, once the financials looked good I started buying equipment and contacting facilities that I knew needed me. Although I was gaining traction the job itself was way more mentally and emotionally taxing than I could have ever imagined. Most of my clients were riddled with cognitive decline and extensive medical issues and it was SAD. I thought I would get used to it after a while but I would cry every single day I left. Had I done any kind of research on what it was like to work in long term care or perhaps decided to visit one for more than 5 minutes I might have known that it takes a very special type of person to work with this population day in, day out. Instead, I was blinded by what I thought was my perfect opportunity to become my own boss without truly getting into what running that type of business would take. My ego and heart are both bruised on this one.
QUESTION: You appear to be documenting your journey as a trader on your YouTube Channel called “Trading with Jess”. What are you goals and ambition for these videos
JESSICA: My main goal is to be a resource to those just starting out. Social media is so flooded with the “trade like me and make a million dollars in 15 minutes” videos that I just wanted to make something real. I’m hoping that my journey might resonate with the people who are just starting to look into the markets or starting to look at charts and are thinking what the f* is going on? What do I do? Just like I was! I am still so very very far from being steady on my feet but I am certainly more confident now. If anyone is following along learning with me and they also get to experience these little moments of hey! I can spot that pattern and I know how I am going to trade it! I totally think that’s mission accomplished.
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?
JESSICA: I think balance is the key to a happy life. Taking care of yourself so you can function at your personal and professional best is very important. I just started gardening and I have found it has been great for clearing my head. Winston is always down for a hike or walks in the woods so I spend as much time as I can outside. Also, drinking wine, I’m really great at that!
QUESTION: What advice would you give to your younger self?
JESSICA: Be patient! With everything! Life, career, yourself, and others.
QUESTION: If you had to give up to three books as gifts to someone. What three books would they be (and why)?
JESSICA: Hmmm… I have to be honest here. I’m really not much of a reader and the only time I pick up a book is to read something about serial killers or some true-crime scary stuff. I’m more likely to gift a bottle of booze instead!
QUESTION: Where do you see yourself in 5 years – then 10 years?
JESSICA: Oh my, what a question! In 5 years I’d like to be able to work from home 100% of the time. I have a few little projects I’m working on to hopefully accomplish that and trading would be an awesome supplement. 10 years? I’ll guess I’ll wait and see! I’d love to be settled down with a career I love and be surrounded by lots of family. But who knows what the tide will bring!
QUESTION: When you have lost your mojo or focus , what do you do to get back on track?
JESSICA: If I have a task that needs to be done that I’m not super pumped about I actually have a really hard time focusing. I actually consider this one of my biggest personal flaws. I need to take breaks (sometimes lots and lots of breaks) and switch to other tasks I find easier or more fulfilling before I can come back and say ok let’s do this.
QUESTION: If you could have a big billboard with your favorite saying or message on it, what would it be.
JESSICA: The only man who never makes mistakes is the man who never does anything.
QUESTION: Thank you Jess for taking the time for this interview. How can our readers contact you, including on social media and your YouTube channel.