B The Trader 90 Yr Old Millionaire Trader Share's Advice for Younger Self
Mar 24, 2025
Joe Valenti, a 91-year-old veteran day trader with over 50 years of market experience, shares invaluable insights for younger traders. He emphasizes the importance of mastering fundamentals before diving into technical analysis. Joe explains market cycles with his 'three steps and a stumble' philosophy and discusses his favorite indicators, like slow stochastic and moving averages. He also highlights the significance of bond signals in assessing company risk. This conversation is a treasure trove for anyone looking to navigate the trading world.
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Middle-Of-The-Road Traders Often Win
- Extremely smart young people sometimes overthink and underperform in trading.
- Middle-of-the-road performers often produce better results than the very smartest recruits.
Started Trading With Investment Clubs
- Joe started by working with investment clubs and referrals instead of cold calling.
- He pooled money from friends and 15 people to have capital to trade early on.
Start With Fundamentals, Then Charts
- Learn company fundamentals first before relying on charts as a beginner.
- Add technicals later because charts tell you where the money is made.