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SteadyTrade

Ep 21: How Stephen Johnson Blew Up His Account

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 8 January 2018

⏱️ 43 minutes

🧾️ Download transcript

Summary

Steady Trade Podcast Episode 21: How Stephen Johnson Blew Up His Account Welcome to the new format of the Steady Trade Podcast! After two fantastic seasons, we’ve listened to all of your comments and feedback and are moving toward a new model with the show. From now on, Steady Trade Podcast episodes will be released on […]The post Ep 21: How Stephen Johnson Blew Up His Account appeared first on SteadyTrade.com.

Transcript

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0:00.0

Welcome to the Steady Trade podcast. It's me, Stephen Johnson, and the old dude with a

0:07.9

Stocks to Trade T-shirt, Tim Bowen. We've literally rattled through two seasons, which is quite

0:14.6

monumental when you think about it. And that takes us up to episode 21. How do you feel about episode 21, Tim Boeing,

0:23.6

Sir Captain Drill Sargent? You know, I'm looking forward to this. It's pretty, you know,

0:28.4

we've, you know, first of all of the of the comments and the iTunes reviews. Really

0:34.8

appreciate all of the input that everybody is given. I mean, we've had

0:38.7

literally close to 2,000 comments and the majority of them are very constructive and very positive.

0:45.4

So really makes it fun to show up for episode 21. Really makes me look forward to doing these every week.

0:52.0

And the episode of 21, which is quite an interesting one,

0:56.0

it's basically Stephen Johnson blew up. Stephen Johnson blew up his account. And I can smile about it.

1:03.2

I can smile about it now, but I was not smiling when it first happened. Just to give a quick bit

1:09.2

of context, I've got a slightly bigger account

1:12.0

with interactive progress, but I'm not over PDT yet. And so I started a little account with Trade Zero,

1:17.1

had a thousand bucks in it, and I just blew that up like a bomb. And so, you know, it was we had actually,

1:25.3

you know, it's funny, we, we had a different episode planned.

1:28.4

And I'm not trying to beat up on you.

1:31.1

But, you know, I actually requested that we changed the schedule to insert this in.

1:36.1

You know, the simple fact is, and again, one of the reasons I always love working with you, Stephen, is your attitude.

1:42.3

But, you know, blowing up is quite frequently part of day trading.

1:48.8

It's not talked about a lot, ironically.

1:51.8

You won't hear people mention that it happens.

1:54.3

But I know a lot of some of the most successful day traders,

...

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