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Want to trade and invest in the markets? Here's my story and how I would do it all over again.
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⏱️ Video Chapters
0:00 Intro
1:40 Lesson One: Be open-minded
2:33 Lesson Two: Try everytrhing
3:00 How I would start over
❗ No Copyright Sound Effect: Acoustic Bass Drum Hit Single Thud by Marching Drums (www.artlist.io) Public Domain Design: Canva
🏷️ Tags
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0:00
years ago I sold my second business to
0:02
trade full-time of over 500,000 in the
0:04
bank and another 225,000 due to me over
0:07
the next few years I'm a great
0:09
entrepreneur I thought what could
0:11
possibly go wrong how about everything I
0:14
spent 2 years burning through the cash
0:17
that I worked 20 years to build and
0:19
don't get me started on how much I had
0:20
to give up during that time to make the
0:22
business work 80h hour work weeks that
0:24
would have felt like a freaking vacation
0:26
I pretty much spent my 20s sleeping on a
0:29
couch pulling all nighters growing my
0:31
company and answering support calls
0:33
while my friends went out and did things
0:34
that you're supposed to do in your 20s
0:37
you know fast forward a decade and a
0:38
half later I noticed that more and more
0:40
of my attention was focused on the
0:42
markets and like many of you watching
0:44
this the market just had some type of
0:46
pull over me something I couldn't shake
0:49
and one day I woke up stared myself in
0:51
the mirror and realized I don't want to
0:54
be here doing this and that was the day
0:57
I made up my mind to sell my second
0:59
company and explor the markets full time
1:02
it was the worst financial decision of
1:04
my life I was miserable for 2 years
1:07
straight and this suffering extended to
1:10
my health my relationships and my ego
1:13
and if things couldn't get any worse I
1:15
suffered an unexpected loss right when I
1:18
was near my Breaking Point further
1:20
compounding the pressure and I felt like
1:23
my brain and life were about to explode
1:25
I at that point I did not how know how I
1:27
was going to go on and climbing out of
1:29
the hole was was almost as gring as
1:31
falling down in it so why am I telling
1:33
you this well I don't ever want you to
1:35
experience this type of pain especially
1:37
since it was unfreaking necessary if I
1:40
could start over here's how I would do
1:42
it first be extremely open-minded at my
1:45
first business one of the my employees
1:47
was mining Bitcoin when it was $20 and
1:50
I'm a technologist if I just would have
1:52
opened my eyes I would have seen what
1:54
was right in front of me instead I clung
1:56
on to everything Warren Buffett said and
1:58
believed that valuation and value
2:00
investing was the only way to make money
2:02
in the markets after all I managed my
2:04
own books and graduated from aswat the
2:07
motor valuation class so I knew my
2:09
valuation stuff so I had a bias towards
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valuation but while I knew valuation I
2:14
didn't know myself I hated waiting to
2:17
see if I was right and I was tired of
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hearing of Traders hitting tripled digit
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annual returns while I'm hoping to
2:22
compound at 20% so be open-minded and
2:25
always be on the lookout for great
2:27
investment opportunities and always try
2:29
try to realize where your blind spots
2:31
are second you need to try everything
2:34
see what fits for you and your
2:35
personality I've tried valuation Trend
2:38
following Global macro day trading swing
2:40
trading quantitative trading algorithmic
2:42
trading Global I think I already said
2:43
Global macro and while I'm not turning
2:46
$5,000 into hundreds of millions of
2:48
dollars like Christian quami you'd be
2:50
hard pressed to find someone with the
2:52
same breath of market knowledge that I
2:54
have and this is where most of my edges
2:57
come from combining one style with
2:59
another so my advice to all new Traders
3:01
and investors who are thinking about
3:03
going full-time don't instead double up
3:07
start with valuation swing trading or a
3:09
style that allows you to keep your job
3:10
so one you can pay for your losses when
3:13
you're learning and two you have the
3:15
time to understand and react to the
3:17
market and the Styles and setups you
3:19
resonate and finally when you're finally
3:21
profitable you can compound your gains
3:23
faster because you've already done your
3:24
learnings and paid for them and if
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you're one of those that want to be an
3:27
algorithmic Trader I still suggest
3:29
starting with discretionary trading
3:31
first you miss so much Nuance if you
3:34
trade if you don't trade and experience
3:36
everything firsthand and that's one of
3:37
the biggest weakness I see with most
3:39
algic Traders is that they never traded
3:41
and lastly here's how I would start if I
3:44
do it all over again I would go long and
3:46
short the highest momentum stocks to the
3:48
upside and the downside holding for a
3:50
few days to a few weeks depending upon
3:51
the market environment and if you want
3:53
more details with this check out the
3:54
link in the description below so
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hopefully this helps someone thinking
3:57
about making the leap in other words
3:59
don't don't do it like me put your toes
4:01
in first and if you're looking how to
4:03
combine Styles in the next video You're
4:06
going to hear how I combine valuation in
4:08
a trading and tax advantage accounts
4:10
because there's one stock that I'm
4:11
itching to buy in maass and I don't mean
4:14
just a little math I mean the largest
4:15
trade of my life and old Leo would have
4:17
purchased it already based on valuation
4:19
but new Leo realizes that timing is
4:22
everything and speaking of timing that's
4:24
it for this one feel free to ask any
4:26
questions in the comments below and I'll
4:28
respond to as many as I can thanks and
4:30
happy Trading
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