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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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Julia Cordova – Interview

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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 a little bit about yourself?

JULIA – I’m an extravagant billionaire recluse who creates beautiful charts on parchment with a peacock feather pen.  Nooo! I’m just someone with expensive taste who trades for a living…so I better do well! I live near a mediocre beach with shark-infested water in sunny Florida.  I enjoy spending time with my two wonderful mutts, watching movies and trash TV.

 

QUESTION – What and who got you into trading. Do you currently trade full-time?  And what is up with all of your crazy charts you post on Twitter. There has to be a story behind this?

JULIA – I used to be a corporate executive schmoo at a software company and even though I loved it, my work required me to travel extensively.  Because my mother needs me to care for her I moved to Florida to be close to her. When I saw how well my 401k was doing just because I bought stocks that I personally liked, I started trading as a hobby to keep my mind busy.  Have you ever tried to solve a Rubik’s Cube? That’s how my trading started out. The more I tried to fix it, the more mixed up and confused it got. Anyway, I’m a problem solver. Slowly but surely I figured it out (I may or may not have peeled and rearranged the colored stickers on the cube) and now, yes, I am a profitable full time trader.

I don’t think my charts are that crazy!  I think maybe people think they are crazy because I don’t post sanitized, giftwrapped charts for mass consumption.  Although I do try and explicitly explain my strategies, because I want to help people and I understand that someone seeing them for the first time can be confused because they are ‘different.’  I post on Twitter because I like to be accountable and I do it for me. The charts I post on Twitter are the same ones I use to brainstorm and my symbols are necessary reminders of actions to be taken at important levels.

 

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

JULIA – I am a Mechanical Engineer by degree and I started out coding software.  I was terrible! The. Worst. Coder. Ever. I got fired because I was so bad.  I don’t think of that as a failure now, but I did at the time. The key for me was finding the things I’m best at, focusing on making myself better at those things and always working to get better at things I’m naturally good at.

 

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

JULIA – Someone who can be consistent, persistent, and who can learn from mistakes.  Also, you have to be either a little cuckoo or a robot.

 

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?

JULIA – I’m such an intense person, balance is difficult for me.  But I try my best! I like hiking with my mutts, making things (art, woodwork, jewelry,…), seeing live music of any kind, dancing, and just hanging out with my friends having a cocktail.

 

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?

JULIA – Same advice to both:  Cut losers quickly.

 

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

JULIA – Trading advice is annoying because all of it makes sense and yet all of it is contradictory.  Buy low, sell high but ALSO don’t try and pick bottoms and tops? Uhhhh… When I was starting out and would read these things my eyes almost got stuck rolled into the back of my head.  I was so confused. The best advice I’ve heard comes from people who have failed (possibly more than once) and THEN succeeded. So the best advice I’ve heard is that you learn more from failure than success.  Take advantage of that.

 

QUESTION – This is a fun question that you DO NOT have to answer. It is called “Marry, Kill, Sleep With”… In the trading community. Who would you Marry…. Kill ….. and Sleep with…. (no comment to any or all of these are a perfectly acceptable answer. LOL

JULIA – No comment!

 

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

JULIA – step away.  I walk barefoot on the beach.  I look at the stars. I play with my mutts.  I remember all the reasons I have to be grateful.

 

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

JULIA – Just be fabulous and glittery.

 

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.

JULIA – You can follow me at @cordovatrades on Twitter and subscribe to my currently barren but soon to be amazingly awesome YouTube channel at youtube.com/c/JuliaCordova

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Scott Melker – Interview

 

ScottMelkerQUESTION – 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.

SCOTT – I’m a bit of a jack of all trades. I have always had more interests than time – coupled with ADHD, finding things to focus on was always a challenge, because I wanted to do everything. I started playing the piano as a child, was always musically inclined, so a career in that space was a natural fit. I attended the University of Pennsylvania in the late 90s, when the stock market was cruising and they were handing out Wall Street jobs. Although my interest in markets had been sparked in school, I was more interested in music and chose to forego Wall Street to try out my hand at DJ’ing. I DJ’d for 20 long years, traveling the world and living my dreams. I always invested, because I had down time and found markets fascinating, but I became a “full time” trader after my daughter was born and the travel became too much. So I retired from music and shifted primarily to crypto.

 

QUESTION – Do you trade just cryptocurrencies? If so, can you explain the types and what is your trading strategy?

SCOTT – I have traded everything, but anyone who follows me knows that I heavily focus on investing and trade with only a small portion of my capital. So I am heavily invested in legacy markets, real estate etc. I primarily trade crypto now, but have been through every market you can imagine at some point.

My strategy is to move slowly. I don’t like spending a lot of time at the screen and prefer to take positions that require no babysitting. So I dollar cost average into markets as an investor and take longer swing trades that suit my lifestyle.

 

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

SCOTT – I have failed more times than I would like to admit – as a musician, professionally and more often as a trader. I once went “all in” on a specific stock based on a bad stock tip and lost everything – that was a real eye opening experience, and taught me to take risk management very seriously. As a trader, this was the most important lesson that I ever learned. If you’ve never gone broke, you’ve never truly experienced being a trader.

 

QUESTION – How would you describe what makes a successful crypto trader (versus that of say a stock day trader)?

SCOTT – Most successful crypto traders were actually early investors who held onto Bitcoin and had the foresight to sell around the all time high. Very, very few people have been successful actively trading in this market. I actually wrote an article in Cointelegraph about the particular difficulties of trading the crypto market, which I believe is far more taxing and stressful for a trader than trading equities. For the few who have actually had real success trading, I believe it’s likely that impeccable risk management is the reason. 

 

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?

SCOTT – The best crypto traders I know spend very little time trading. This is the case for me as well. I can check a chart, see what areas I am interested in, set alarms and go about my day. That said, I have a lot of free time to spend with my wife and kids, to watch sports, go to the gym, play tennis etc. I love being active, do crossfit 5 days a week and am always on the go. The whole purpose of being a trader is to have more free time, not less. Balance is everything. Without it, you become emotionally attached to your trades at the expense of everything else.

 

QUESTION – What advice would you give to your younger self?

SCOTT – Save more, earlier. Don’t waste your money on frivolous items. Spend on experiences, not things, although I largely did this. Start producing music at a younger age!

 

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

SCOTT – For markets: bad advice – go “all in” in crypto! I believe in Bitcoin and this market, but it’s extremely risky. Anyone who is telling you otherwise has something to sell. You should never go all in on anything, especially not an asset that carries this much risk. Good advice – diversify your investments, move slowly. Get your money in the market early and often and don’t touch it. 

In life, the best advice I can offer is to be grateful for everything that you have. Maintaining a positive mental state while being appreciative is the key to long term happiness.

 

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

SCOTT – This answer would be different during every phase of my life. As a younger man, I fancied myself an objectivist so I would say The Fountainhead was my favorite. I’m a complete nerd, so The Lord Of The Rings was my favorite as a kid, and A Song Of Ice And Fire as an adult. I have sent a few books to people in my adult life, A Letter To A Christian Nation being the one shared most often. I’m an atheist, so there’s good reason I chose that one. The Shock Doctrine is another favorite to share. 

 

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

SCOTT – from whatever I have lost my mojo on, go do something different and come back to it when I’m fresh. As a musician, I sometimes had creative block for days or weeks at a time. Nothing you can do but be patient and focus on other things.

In trading, it’s essential to step away from the charts if you feel you are pushing or getting emotional. You will lose money fast if you are not in the right mindset when you trade.

 

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

SCOTT – For markets, the answer is definitely this Einstein quote. “Compound interest is the 8th wonder of the world.  He who understands it, earns it; he who doesn’t, pays it.” 

 

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?

I am @scottmelker on twitter, which is primarily where you can find me. You can also join the TexasWest Capital Discord discord.gg/kyKvrNg.

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Anthony “@AllDaya_” – Interview

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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 and your background.

ANTHONY Hey everyone! Thanks for taking the time to reach out and being interested in asking me some questions regarding trading and my back story! First off, My name is Anthony, but most people in the trading realm know me as AllDay, you can find me at @ALLDAYA_ on twitter, instagram and youtube. I was born and raised in NJ not too far from NYC which hopefully helps out some people in understanding why I’m so brash with answering questions or my somewhat attitude towards everything. We call it tough love out here. I had an average upbringing, nothing crazy at all, my grandparents came here from a small town Italy and essentially drilled hard work into all their grandkids heads. My pop, as i would call him, always talked about stocks and how my one of my cousin’s worked on Wall Street. He passed away when I was young but I never forgot the message that was brought to me. School came easy, as well as athletics, so i learned discipline through sports, and just never stopped learning. Once I obtained my Economics degree, I started to learn how to trade stocks and invest but that was not my main focus and goal, my first thought was to train and maybe join the Navy in hopes to become a SEAL, big dreams yes, but just never advanced in that process, I trained myself hard but always had this “injury bug” where I always seemed to get injured whenever I pushed it. My second goal, was to become an US Air Marshal or some type of law enforcement officer, I passed every test I have ever taken but for whatever reason I was NEVER selected into a process. Imagine getting the letter over and over that your were not selected after grueling months of waiting, test taking, interviews, etc. So trading was always there for me in the meantime while everything else was just a waste of my time and BS. So I turned everything around and partnered up with another trader and now we are running our own accounts in an office looking to build something huge in the future. So shout out to everyone who denied my opportunity! My goal is to just make their salary everyday!

 

QUESTION – What and who got you into trading. Do you currently trade full time, If yes, how long, do you trade your own money or for others, etc ?

ANTHONY – At my school, when you are an Economics major or Finance major, you had the opportunity to take an investing course where they gave you a paper account to play with for the length of the course which was really cool. I believe that was my first experience of actually placing a trade. While in college my friend and I were always looking into trading and at the time there wasn’t too much information but fortunately one of my buddies friends owned a prop firm near us so we went there and were exposed to even more information. We didn’t learn much from the actual firm since they were just trying to rob us of 10k each (capital contribution) but the fact they exposed us to real life trading helped me out looking into trading more. To remind everyone I graduated high school in 2009, so my college tenure was basically the hardest time to find a job, internship, unless you were becoming a teacher, nurse, etc. So when we all graduated I knew I was either becoming a cop or had to create something. So trading was the route that chose me.

I have been trading for 5 years now, I am trading full time with a partner of mine to create something special in the next few months/year so keep an eye out for that. We are trading our own Capital at this time as we are not licensed. BUT, maybe in the future we will obtain licenses and get a fund ready to go!

 

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 – I mean, not being selected by any of these LEO departments when I was in my early 20s absolutely sucked. No one ever gave a reason, they just send a letter saying “sorry you were not selected.” But to be honest F them, F that, they just set me up to be one badass trader that hopefully goes above and beyond helping people more than I ever could with a badge. Trading wise, as we all know, ups and downs happen, draw downs suck, but if you can’t handle a draw down then quit now. If you can’t handle being denied from a job then don’t trade, if you can’t handle a break up, don’t trade. Trading is not something to mess with if you are an emotional wreck that can’t handle a little adversity. But if you can handle the most grueling mental challenges in life then you might be cut out for this stuff. If not, here is your warning.

 

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

ANTHONY – Success is the accomplishment of an aim or purpose, so if you wanna be a trader your aim or purpose is to make money. If you don’t make money you’re not successful, if you make money you’re successful. It’s black and white for me. I think the 90% quote is over played, 90% of people fail to last more than 3 months at selling cars, is selling cars hard? Nah, people are just FFFFFing lazy and want everything handed to them. Trading is the worst job for lazy people, actually learning and trading though, most people they think they can go out buy a freakin laptop, a computer chair, and be the next online GURU! LOL! GTFO!

 

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?

ANTHONY – Eat, Sleep, Trade, Repeat. Other than that, I really don’t have much going on. I lift weights everyday, I watch sports, and I try to keep myself sane.

 

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 – Probably take that job out of school. I was offered a job at a bank in Austin Texas,  for shit pay and at the time i was like “Ew Texas?” But then I went to Austin this year and was pretty stunned at how hard they party on 6th street. Only because trading for me was a total sacrifice of time and money. If i had a job at first it would have been an easier process. You’re not profitable right away, the only reason why I was fine my first year was because of the weed stock OTC market and getting lucky on them swings, that gave me enough time to learn for the next year. I tell all younger traders who hit me up to “full time trade” to get a job first, don’t start off full time, it’s worse than being unemployed because you’re going to lose money.

 

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

ANTHONY –. ha! The bitcoiners killed me inside on that parabolic run up. Some of the worst advice ever was going on around that time, the James Altuchers of the world are all hiding now after predicting “one million by 2020.” These online personalities giving advice are all BS. But the “bitcoin to one million” was the worst advice I ever witnessed. I see bad advice given all the time, especially to the poor people who follow certain stock pump chat rooms, like why TF are you following a guy go into a thin stock with light volume only to get sold on, after once or twice you should be able to see the trend! I just feel bad for the common guy trying to make a dollar, most of them get scammed into thinking these gurus are here to help, yet these online gurus are just taking money and making false promises. My advice for any new traders reading this, do it my way, block everyone out, learn by yourself and teach yourself how, following someone will only get yourself hurt in this game. Stop following the stupid youtube videos with clickbait titles of “HOW I TURNED 1 DOLLAR INTO 4.2 MILLION IN 6MONTHS.” Its BS, it’s nonsense, quit being a dumbass and learn the right way, it takes time, trust me. If you need a guide there are some people out there that can help, you can message me on IG or twitter and ask me where, but you are never going to learn joining a damn chatroom and trying to follow anyone, even me, you can learn off of me like little things I do, but following me blindly wont help you. Chat rooms should be used for idea purposes only, where they are great so you don’t miss action.

 

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

ANTHONY – I have never read a book on trading. Some of these authors are worse than the twitter trading gurus. If i have to question if you ever made a real trade before I won’t buy any products. Most authors I gotta question them, so i refuse to read anything. All I see are quotes about life and not trades from these authors, but if anyone is out there that wants to show me a book that has legit trades in it with explanations, I’m all ears.

 

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

ANTHONY – I have never lost focus on my main goal. Im a hungry and determined person, a different breed. But the periods of trading when I suck, I take some days off, refocus, and don’t touch any setups unless they are perfect. Just gotta have the understanding of when things work and when they don’t work.

 

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.

ANTHONY – Tom Brady is the GOAT.

 

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?

ANTHONY – If you guys wanna reach out to me or follow me I just launched my twitter again

@Alldaya_ and instagram @Alldaya_ , my youtube account is also brand new you can follow me on that at youtube.com/Alldaya . I post a lot of trades and what I do on my instagram. Feel free to message me whenever. Thanks. 

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Sam McCallum founder of Honeystocks.com – Interview

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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, what you do, where you live.

SAM – I’m Sam McCallum, the founder of Honeystocks.com which is a company that provides Technical Charting Research to both retail Investors and professional money managers.
We also provide Technical Analysis & Options mentoring programs and I run the Technical side of things, and I’ve recently brought on Sean McLaughlin to fill the gap I have for Options mentoring within my client group, and I could not be happier with the structure and how things have started.
I’m also currently working toward my CMT designation and I’m a massive geek when it comes to anything related to the art of Technical Analysis.

 

QUESTION – Any additional information on yourself you like to share before moving on to more questions

SAM – I’m also currently working toward my CMT designation and I’m a massive geek when it comes to anything related to the art of Technical Analysis.
I have complete belief in the art of minimalism and de-cluttering the Technical side to make better informed investment decisions and making sure I filter out what’s irrelevant to the chart. I think that’s why the abundance of free content I put out to the world is received so well and very easily understood.
In my past life, I’ve consulted for the likes of Deloitte and Lloyds Bank, and have a very professional risk-based background within the world of Finance which has fortunately allowed me to travel the world and see some pretty cool stuff. I’ve been involved in Finance in one way or another for 15 years and I currently reside just outside Edinburgh, Scotland.

 

QUESTION – What may I ask got you into trading?

SAM – What got me into Trading? I’ve always had a massive interest in the Markets, but back in 2008 I seen 1st hand the devastation a recession and bear market caused to my colleagues (who had families). It also had a negative effect on my own 401k, and at that time, my career was forced to take a break due to the layoffs within the bank I was working for, so naturally I seen the value of any investments I had drop.I had lost my job and I said to myself I’d never invest in the market, because it was just too risky and the stress was too much.
Fast forward a few years, and I started dabbling here and there and picked up this little thing called “day-trading” and thought, ahhhhh this is easy, I’ll just buy this here and sell it here, what could be easier right? Nope, I messed things up and blown a few accounts over the course of around 3 years. I then started to get involved within Meetup Groups (which I’d HIGHLY recommend everyone seek out if you’re in an area that has a good community) as I was fortunate enough to meet some very successful private investors in London, and from there I learned the art of Trend Following and everything changed. Not everyone needs to pay for an education, because I didn’t.

I’ve been self sufficient for 3 years now and made the decision to move into Charting Research / Mentoring seriously around 18 months ago due to the requests I was receiving via my social media platforms… and things have grown organically from there and now I network with some of the world’s top Technical talents, which allowed me to bring in a name like Sean McLaughlin.

 

QUESTION – What failure in life later set you up for success?

SAM- Easy… I went into a meeting when I was at Deloitte that over-ran by around an hour, by which point, I had been trading with a LOT of leverage on a Brent Oil position, I had no stop loss in place and walked out that meeting to a £4k loss (which erased a lot of profit that I’d built up).
At that time, it was a HUGE amount of money for me to lose, and I was physically sick and had that holy shit moment, that most of us have had, where I either had to change things or give up.
I chose to find help.

 

QUESTION- What makes a successful trader in your opinion

SAM – This might be the point where I could give a generic answer and say things like “learn from your mistakes” or “find a mentor” or “work on your mindset” but I’m not going to do that.
Instead, I’m going to just give my brutally honest take, and this is something that I see with a lot of individuals that approach me.
The one thing every losing trader lacks………. Risk Management Discipline.
Discipline and having complete and utter respect for your risk management strategy is absolutely the number 1 priority with any investment decision.
Forget Technical Strategy, forget Fundamental Strategy… Risk is key.
If you have no understanding of the core concepts of Risk Management & Allocation, you’re as good as dead playing against Wall Street.
I also see many Day Trading “gurus” advocate tight stop losses and finding entries on 5 minute charts… I understand a very small % can do it well, but I’d also highly encourage zooming out to Daily & Weekly timeframes, it’s something that completely changed my view on Technical Analysis.
Who wants to read one chapter, when you can read the whole book right?

 

QUESTION – How important is having a balance life and how do you acheive it?

SAM – I think it’s somewhat important. I mean, I’m one of those guys who loves Technical Analysis, I love deconstructing charts, and being able to present a thesis… it’s my purpose and I get a lot of my fulfilment from that and to be happy, all I need is my laptop. (which some reading might find a bit sad)… but I’m happy, that’s what matters.
I also love travelling, I’m up to 50+ countries I think at this point now, and if anyone reading this loves to travel… my top 3.
** Galapagos Islands
** Vietnam
** Croatia
Like everyone, I enjoy the gym, triathlon training and as I’m Scottish, we’re well known for our love of whiskey… something I’m not shy on enjoying when the winter kicks in and I get the fireplace going.

 

QUESTION  – What advice would you give your younger self?

SAM – In a personal sense, I would want to tell myself to not waste my early adult years getting blindingly drunk every weekend, and while I look back on a lot of fun nights, it just wasn’t productive, and I might have preferred to focus on things like health and fitness… yes… I know it sounds boring, but as you get a little older, those become important.
In a Trading sense I don’t know if I would have done anything differently. We’ve all had to go through our own personal car crash to arrive at our destination, and we’ll all continue to have mini car crashes along the way, but the difference for me now, those mini bumps represent a small % of the overall capital which keep me in the game much longer than those that throw the Hail Mary’s.

 

QUESTION – What outside good advice or bad advice do you often hear and what are some of your favorite book(s)

SAM – You can be anything you want to be… no you can’t.
You can be anything that your abilities allow you to be. It’s always been a saying that’s irked me a little.
Good book? Principals by Ray Dalio. An exceptionally well thought out approach to living life with principals… and it happens to be written by one of the world’s best Investors. Highly recommend.

THANK YOU Sam for taking time out of your busy day. Our readers can contact Sam at the site below.
Technical Research Analysis https://www.honeystocks.com/analysis
Twitter https://twitter.com/honeystocks1
Stocktwitshttps://stocktwits.com/Honeystocks

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David CEO Sports Predictor – Interview

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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 and your background.

David – I’m the founder and CEO of an Australian sports handicapping site that’s been operating since 2006. We are the market-leading subscription site for professional bettors to publish their plays.

In August of this year we launched Sports Predictor for the US sports betting market. We’ve recruited a select group of professional handicappers and expert bettors focusing on football, basketball, baseball, hockey and PGA golf picks. It’s a very similar business model to what has worked for us for more than a decade – picks that win, experts who educate and staff who help clients get the most out of their memberships.

 

QUESTION – What and who got you into the prediction analysis industry. Specifically as it relates to your company Sports Predictor and how do you feel it has synergy with the trading industry?

David – I’ve always loved both sports and betting so combining the two was a dream come true. Find something you’re really passionate about and you’ll never have to ‘work’ another day in your life.

The parallels to trading are very strong and include
Value – you have to consistently be making bets/trades at value odds by identifying factors that the market undervalues. Reality – Perception = Profits.
Risk management – developing a trading plan is crucial so that you can survive losing runs while thriving during the good times.
Discipline – you simply can’t survive without it.

 

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

David – Going bust was a good one! Every bettor blows up their bankroll at some stage during their ‘apprenticeship’ and as a young man I was no different. When you’re first starting out you’re inevitably betting too high a percentage of your bank on each bet. You just don’t know it yet. So you’re up against the math and the math remains undefeated.

On top of that you have emotions that can get the better of you during losing runs. As Mike Tyson famously said – “Everyone’s got a plan. Until they get hit in the mouth”. Smart bettors know how they will deal with a losing run before it occurs. That way when it does happen you’re fully prepared. This preparation and mindset is the only way you will be able to maintain discipline during the adrenaline rush of sports betting.

Managing your emotions during winning runs is also crucial. Betting psychology is the largest distinction between amateur and professional sports bettors.

Wiser heads can recommend you bet small and stay focused but everyone I know has had to learn those lessons the hard way. Experience is the best teacher and there’s nothing like going through that yourself for it to really hit home.

A veteran professional bettor I know has seen all kinds of guys go bust over the years despite having an overall approach that is profitable. He’s more of a grinder and has lost count of the number of other professionals that he has outlasted. After two decades in the business he has a simple saying that sums up his own approach nicely – “Never be embarrassed by how small you bet.”

He makes a very comfortable living and decided a long time ago that an aggressive approach wasn’t for him.

Legenday sports bettor Billy Walters went broke a number of times early in his career and learned his lessons the hard way.

“I know what every sucker thinks, because I used to be one. I can assure you that every successful gambler I know has been through some monumental failures on his way to getting there.”

 

QUESTION– How would you describe what makes a successful sports bettor. And how do you deal with the sometimes negative image that sports handicapping services tend to have. And what makes you different?

David – No two professional bettors are the same yet all share similar characteristics –
Incredibly hard-working.
Never stop learning.
Respect every dollar.
Bet numbers not teams.
Maintain a long-term mindset whilst consistently refining their approach.
Always shop around for the best available odds.

The negative image of sports handicapping services is pervasive and unfortunately I’d have to say is well deserved. But we’ll be doing our bit to change that perception and all of our team abide by our industry-first Code Of Conduct:

1. Skin in the game
We never release any play unless we’re also betting them with our own money. Believe it or not, there are many cappers at other websites who handicap games but don’t actually bet those same plays. We never release plays unless they meet our strict criteria for value and we don’t dramatically increase our bet units based on previous results.

2. Full transparency
Every pick of every handicapper is published on our website so clients and casual visitors can monitor everyone’s performance.

3. Ongoing education
Our team consistently produces betting previews, advice and strategies to help bettors of various experience levels increase their betting knowledge. We’re here to help educate sports bettors as well as consistently providing profitable investment advice.

Each of those three points probably sound like common sense. But the thing is you can count on one hand the number of handicapping services that tick all those boxes. Our guys bet their own money, publish results, educate bettors, and stick to proven bankroll management strategies. There’s no doubt that this combination gives us a real point of difference.

 

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?

David – Work/life balance is hard to achieve in the 24/7 always-on world that we live in. I still really enjoy watching games but you also have to keep in mind that ‘the sweat’ will never impact the result. Once the bet is on the rest is out of your hands. So trying to take the emotion out of it helps reduce the rollercoaster ride but at the same time you still want to enjoy a lot of the games.

As far as hobbies go, the gym is great for both physical and mental health. This is a very sedentary lifestyle so staying active and eating well are essential. Other than that – I don’t watch a lot of non-sports TV but have to say that there are a couple of shows I never miss. Billions and Succession are just fantastic.

 

QUESTION – What advice would you give to your younger self?

David – Believe in what you do because you may have to do it for a long time before anyone else catches on.
Have the courage to be a contrarian.
Try and have the longest view in the room.

 

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

David – Good advice, It’s only a mistake if you don’t learn something from it.
Good things come to those whose persistence demands it.
Get uncomfortable – the really good stuff happens out of your comfort zone.
Nothing fails like success – don’t get complacent.

Bad advice, Gotta love the Martingale strategy!
Every smart person should go to college
(Good advice – Formal education can make you a living but self education can make you a fortune.)

 

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

David – There are a few actually –
The Success Equation – excellent discussion on differentiating skill and luck which are two things many of us conflate.
The Checklist Manifesto – good ‘how to’ on breaking down complex tasks into a simple system.
Principles – outside the box thinking from “the Steve Jobs of investing”.
The Logic Of Sports Betting – fantastic resource for sports bettors of all levels.

 

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

David – There are a few things actually –
(1) Understand that losing runs happen. They are literally unavoidable so while you should confront the brutal facts and refine your approach over time, you should never lose faith.
(2) Look at long-term results to reaffirm just how tiny one game, one day or even one week really is.
(3) Take a day off and hang out with my daughters as they very quickly remind me there’s more to life than just sports betting.

 

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

You don’t have to be smarter than anyone else, you just have to outlearn them.

 

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?

David – Check out https://www.sportspredictor.com/ and follow us on Twitter@PredictorHQ

We’d love to hear from you!