- I've been trading for about six years and
I joined the room a little more than six months ago.
It wasn't quite a year ago I decided to take
what I was doing really seriously and
I had to kind of step back because I didn't know
how to define what I saw, I guess.
You know, I started to notice trends or patterns.
Kind of, well, if the chart looks like this,
you know, I might do this.
Especially when you're day trading,
it's important to be able to define entries and exits.
You know, very clear cut.
You could write it down on paper,
follow it and execute it the same way
over and over and over and over.
That's the way that you're gonna generate some success.
You know, mentorship has always played a huge part.
Anybody that's doing anything successfully,
didn't have people that they looked up to,
at least one person.
It's the same in all industry.
Now, it's kind of different.
A lot of us are working from home.
We're working from offices without anybody else.
The difficulty now is finding the right mentors,
the right people you can learn from and grow from.
I would say the majority of people starting out
aren't going to be able to tell the difference between
somebody that really knows how to trade or
has been in the business for a long time and
somebody that hasn't and sees an opportunity to
become a mentor for people.
"I got these alert systems, these trading systems."
So, starting at ground level,
you kind of have to get creative,
figure out a way to find inspiration.
For me, that was Dan Shapiro.
Just through following him on Twitter for a while,
I knew that he knew what he was talking about.
He'd post ideas, basically, entries so to speak,
ahead of time and it's like, the guy's hitting every trade.
I mean, not in reality, probably,
but what was in front of me, I was just like,
"Holy crap!"
I'm sitting there treading water.
I can't figure out high from a low, pretty much.
So, that sort of interested me and I thought,
let me do more research and literally just took notes,
listened to his interviews over and over,
just trying to get a sense of what he was doing
from the little bits of information that
was out there and available.
He understands the fundamentals of supply and demand,
order flow and tape reading.
I'd say that's the single most important part of trading.
You can look at charts all day,
your hot stock tips and all that stuff,
but if you're not properly reading
what the price is telling you,
to be able to actually watch how that price goes
through that level, what's actually happening, is crucial.
Just listening to him, it's like I'm sitting next to him.
You know?
If he's watching Tesla trade and, in real time,
talking about his thought process,
like this is the level we're looking at.
"Oh, like, you guys see there's a buyer here."
He can clearly see it, you know?
If you're watching, you're timing sales,
you can see that, you know?
It's like, wow.
Like, I get the concept but to try and figure that out,
on your own, it seems sort of like duh, you know.
But, it's not.
That has benefited me so much just listening to him
and his sort of process throughout the day and his mind,
what he's looking at, what he sees.
If I don't see that, I can scroll back and look at sales.
I can try and, oh, that's what he saw.
You have to be confident.
You have to know beyond a doubt that
what you're doing is going to work,
has positive expectancy behind it.
If nothing else, the biggest thing that I've gained
from this room and listening to Dan is confidence.
I really appreciate everything that he's done
for me, for all of us.
For everybody else that wants to put in some time
and dedicate themselves to becoming a trader
or becoming a better one,
this is the spot to be, you know?
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