Words of Rizdom - Trading Podcast

The Market Will ALWAYS SCREW You (Here’s How To SURVIVE) | 30 Year Trading Veteran

11 snips
Sep 3, 2025
Guest
JJ Kinahan
JJ Kinahan, a 30-year trading veteran and CEO of IG North America, shares invaluable insights from his extensive experience. He discusses the psychological challenges millennials face, emphasizing the importance of a confident mindset and community support. The conversation explores the evolution of trading from traditional methods to tech advancements, highlighting emotional discipline and risk management. Kinahan also provides strategic advice for aspiring traders, advocating for mentorship and the significance of calculated risks in achieving long-term success.
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ADVICE

Start Small And Define Risk

  • Define your risk first and learn to avoid large losses before chasing big gains.
  • If you can break even after expenses in six months, you proved you can stop losing money.
INSIGHT

Information ≠ Edge Without Risk Control

  • Retail traders now have unprecedented information, but professionals still win by managing risk.
  • The edge comes from placing yourself to avoid catastrophic losses, not raw data access.
ADVICE

Use Community To Sharpen Decisions

  • Join or create a forum to bounce ideas and force critical thinking about trades.
  • Use other traders' viewpoints to uncover blind spots and expand trade ideas.
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