Podcasts Business Investing The Stock Trading Reality Podcast STR 012: Slowing Down and Taking One Step at a Time

STR 012: Slowing Down and Taking One Step at a Time

Published: June 8, 2015, 4 p.m.

Ambition is a great thing. Today’s guest has three college degrees, so “ambitious” is probably not even a good enough word to describe her. With this being said, ambition in the world of trading can lead to some pain, and that’s exactly what happened to today’s guest, “Keisha.” She came out of the gates blazing and quickly got into trading without really taking the proper steps, and as you will hear about, she got herself into some trouble. How did she react to this? What was her new plan of action? The answers to these questions and much more in today’s episode. I hope you all take to heart what is being communicated within this interview about the pitfalls of going “too fast” compared with the benefits of “slowing down.”

Notes:

  • Keshia got involved in the penny stock market while she was finished up her college education. She found InvestorsHub and started reading up on various tickers.
  • One of her first trades took her account from $1,200 to $10,000 but greed had kept her from selling. She was determined to get educated and trade smarter after that gain had dwindled to $300.
  • She studied for a minimum of 4 hours a day for months while she was preparing to get back into the stock market. Keshia understands that it takes time and effort to be successful.
  • After stringing together multiple green and consistent months, Keshia is now at the point where she is starting to scale up her size in a slow and controlled manner. She is comfortable with her risk and without that comfort, your trading will certainly be uneasy.

Quotes:

  • “I enjoyed watching the level 2 and the candles form on the chart even though I didn’t understand everything they meant.” tweet this quote
  • “My husband really wanted me to pursue the stock market. He really has been my biggest supporter.” tweet this quote
  • “At first I was trying to use all the indicators and it was just too much. All of that is not really necessary.” tweet this quote
  • “In school you are taught that you are right or wrong but with trading it is okay to take a controlled loss.” tweet this quote
  • “If I allow a loser to get larger and larger, that’s a good way to blow up your account and I don’t want that happening.” tweet this quote
  • “You’re better off investing in your education instead of relying on someone else to give you a hot stock pick.” tweet this quote

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