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SteadyTrade

Ep 225: $80K Losses to $2 Million+ Profits — Jack Schwarze’s Incredible Trading Journey

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 9 November 2021

⏱️ 48 minutes

🧾️ Download transcript

Summary

Jack Schwarze started trading in high school. Now, he’s a multi-millionaire finishing up grad school. It’s incredible what a difference a few years can make...Today, trader Jack Schwarze shares his mind-blowing trading journey — including how he overcame $80K in losses and blew up multiple accounts before finding his stride as a short seller. Don’t miss this! What kinds of hobbies did you have during your senior year of high school? Lacrosse player Jack Schwarze decided to diversify...

Transcript

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0:00.0

So when I blew up my account after that into the summer, it was, I was going into my senior year and I really had to take time for myself to recoup and really just get a grasp of like my head, you know, because everything was spinning out of control.

0:13.0

So you made and lost 80K. Is that correct?

0:16.0

Oh, just about, I think I was down to like 14,000.

0:20.0

Man, then December 2019, I was at TCU in down Fort Worth.

0:26.6

I drove over to the COBRA brokerage office and gave him like the remainder of my account and like check form.

0:31.6

Like, you can mail it, open me an account.

0:34.6

And then I start shorting again.

0:38.1

Little no luck.

0:39.2

Massive volatility comes back.

0:40.9

Next thing I know, there's so many people that just don't know the rules of trading

0:45.1

and they're just getting dumped on every day.

0:47.3

And it was right back to business with the gaping craps.

0:51.3

You're listening to the steady trade podcast Podcast. The Steady Trade Podcast.

0:56.0

A podcast that inspires traders to make meaningful strides and pursue their passions.

1:03.0

Together, we'll sit down with experts to talk about their process, the lessons they've learned,

1:08.0

and discuss how all traders can level up their trading careers.

1:12.7

Here are your hosts, Tim Bowen and Stephen Johnson.

1:18.6

Welcome back to the steady trade podcast, everyone. I am Tim Bowen, back with my co-host, Stephen

1:24.1

Johnson, and we've got Jack Dan slash Jack Schwartz here today.

1:27.9

Got a lot to talk about. Jack's been really crushing it lately.

1:31.4

And then he's got an interesting kind of approach to trading a little bit more of a quant-type idea.

1:37.7

So a little bit different than we've talked about.

...

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