The Expat Money Show - With Mikkel Thorup 257: How To Not Lose All Your Money Trading - Johnny Profita
TODAY'S CONVERSATION WITH JOHNNY PROFITA
- Listen to Johnny recount how he “fell into” the world of finance as someone for whom math ”wasn’t one of his strong points” - with a degree in history, not finance!
- Hear Johny lay out some of his rules for trading, most of which he had to learn the hard way - by making costly mistakes.
- Johnny and I discuss the difficult but necessary task of removing feelings and emotions from the trading process.
- I recall how some of the lessons I learned myself the hard way by losing money in my options trading days.
- Johnny explains his motto for trading: "1% day keeps the 9 to 5 away.”
- Hear Johnny describe the disturbing trend with IPOs over the last couple of decades which has seen many retail traders left holding the bag.
- Johnny and I discuss the outlook for new traders looking to enter the market now, as high-interest rates have put an end to the flow of free money.
- Will the dollar remain the world’s reserve currency for much longer? Johnny gives his prediction of what’s in store for the world’s currency markets.
- We discuss the fine line between being prepared for what is going to happen economically without acting like “The End” is always around the corner.
- Lastly, Johnny highlights the sharp increase in happiness he has found since leaving his “abusive relationship” with Chicago and starting a new life in Puerto Vallarta, Mexico.
RELATED EPISODES
237: What's It Like Relocating to Mexico When the World Doesn't Make Sense - Jonathan Lockwood 123: Investing in Foreign Stock Markets Like A Boss - Eric Schleien 093: Why Are People Leaving The USA – Travis LutherHOW TO FIND JOHNNY’S WORK
Peddling Fiction Podcast Peddling Fiction SubstackCONCLUSION
What I had first planned as a conversation about Mexico turned into an important conversation about the nature of trading and how to avoid many of the same mistakes Johnny and I have made in our own time. Once the conversation turned to Johnny’s experience on this, I just had to dig in deeper, as it’s a topic we haven’t covered extensively on the show yet. See you next Wednesday!Mentioned in this episode:
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If you’re planning to move overseas—or even just set up your offshore Plan-B—learning the local language isn’t optional. It’s protection. It’s access. It’s power. StoryLearning makes it easy to start today, from home, by immersing you in real stories—not grammar drills. Spanish, Portuguese, French, and more—learn the language the smart way before you land. Go to StoryLearningCourses.com.
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