Band of Traders - Together We Trade Exploring Stoicism w/ Erik Smolinski, Outlier Trading
In this enlightening episode, Kyle and Erik explore the philosophy of stoicism and its transformative impact on trading and personal development. They delve into crucial concepts such as control, acceptance, desire, moderation, and emotional management, emphasizing a balanced approach to navigating the complexities of life and trading. Erik shares his distinctive trading strategies, highlighting the importance of acknowledging losses and embracing acceptance in the trading process. The discussion also covers the application of probabilistic analysis in trading decisions, the influence of stoicism on effective leadership, and the daily practices that foster a stoic mindset. Tune in for insights on balancing present focus with future planning and recommended readings for those eager to delve deeper into stoicism.
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About Erik:
Erik is a lifelong investor and self-made millionaire looking to share how others can achieve the same. He is hoping to share his experience with active and veteran military members to expose them to opportunities.
He came from a single parent low-income household, worked odd jobs as a kid, and began investing in high school. Erik wasn't going to attend college and planned to enlist in the Marines, but a mentor directed him to apply for a scholarship (which he earned). While he pursued his undergrad, he dug deeper into investing and trading - finding derivatives which he primarily trades. He completed over 6 years of active duty before transitioning to the reserves, earning an MBA during his last year. Erik then spread into real estate and angel investing as his means grew, to accelerate capital growth.
Links:
Stoicism Books:
The Beginner’s Guide to Stoicism
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