Tapping the Brakes to Focus | STR 168

A blessing in disguise. I think that’s really the best way to summarize this our guest’s journey thus far. When Dave (chatroom alias ‘Daveslow’) first started his journey, he tried to sign up with a text alert service from… well… let me put it this way, a faulty source. There were a few technical glitches and when Dave approached customer service, he was essentially treated like an insignificant piece of meat. This slap in the face led him down a different path on his journey and one that has been extremely beneficial to him. Dave has a military background so when it comes to forming a plan and executing the plan, it is one of his strong suits without doubt. Through Dave’s experiences, which he shares with us in the interview, he has constructed a plan of action that I fully believe and find grounded in reality and logic. A plan is the backbone of any chance at success in the market and Dave is a shining example of how experiences shape and mold a worthwhile plan. Let’s get to it! Notes: Today we interview community member who goes by Daveslow in the community. After joining the military, Dave accumulated a good size saved up from his time but couldn’t spend it. Since he was unable to take it out and spend it at this point he decided to look into peer-to-peer lending. One of his friends recommended he look into cryptocurrencies but he felt he had missed the boat on that one. This did open up his interest to look in other markets though. After attempting to enroll in a text alert service for trade ideas, Dave’s debit card was not accepted and they did not really care too much. This led him to look elsewhere for a place to learn and ultimately ended up here at Claytrader.com . Dave fortunately never lost a heap of money trading. He realized it makes no sense to even paper trade until he had fully completed the University program and had a solid grasp on his specific trading strategy. A key to Dave’s success is that he is taking his time and using the power of a budget and practice to ensure that as he gets his trading account to the level he wants, he’ll have a fighting chance since he has taken so much time to prepare. Quotes: I didn’t know the difference between traders and bankers. I thought you needed PhD’s and huge skills in math so no interest growing up. I’m not sure why I signed up for a text alerts. I knew I wanted to trade so it’s counterintuitive to get someone else to tell you what to do. My very first trade was on a brokerage app. My trade setup was a tablet with live market data and my mobile phone with 15m delay on it. I keep adding to my account every month to get to a size that makes sense while making these tiny trades. After quite a few little losses, I don’t struggle losing that amount. Put it in the journal. I struggle more with FOMO and excitement. Links: https://claytrader.com/videos/1-penny-stock-short-scam/