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Confessions Of A Market Maker
Episode #128: Andrew O'Connell US Investing Champion on Early Trading Struggles, Trade Sizing & Risk
Nov 11, 2024
Andrew O'Connell, the standout performer in the US Investing Championship with over 409% gains this year, shares his inspiring transition from competitive athletics to trading. He delves into the influence of election cycles on market trends and reveals the pivotal moments of his trading journey, highlighting the importance of risk management and position sizing. With insights into psychological challenges and strategies for long-term investments, O'Connell emphasizes the critical balance between analysis and emotional resilience in achieving trading success.
01:10:44
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Quick takeaways
- Andrew O'Connell discusses the historical impact of election years on market trends, specifically the typical pre-election dips followed by potential rallies.
- He shares his journey from competitive sports to trading, underscoring the meritocratic nature of finance and the significance of continuous self-education.
Deep dives
Market Behavior During Election Years
The conversation highlights how election years can significantly impact market dynamics. With a historical perspective, it's explained that the market often dips before elections, a trend that Andrew O'Connell closely monitors. He notes that reactions to these events are influenced by seasonality, where a usual dip can precede a favorable rally, such as a potential Santa Claus rally post-election. Furthermore, Andrew emphasizes the importance of not being swayed by immediate market fears, as understanding these seasonal trends can aid in making more informed trading decisions.
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