Ep 29: The Triforce Trader
SteadyTrade
SteadyTrade.com
4.6 • 589 Ratings
🗓️ 5 March 2018
⏱️ 54 minutes
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| 0:00.0 | Okay, welcome back to the steady trade podcast. We have a, you know, one of our, we have a lot of different things we try and accomplish here. |
| 0:12.4 | A lot, you know, we talk a lot about getting started in trading. We've had tons and tons of episodes about particularly getting started in, you know, low-priced momentum stocks, |
| 0:22.1 | whether that be long or short. Stephen and I talk a lot about what it would are commonly |
| 0:27.9 | referred to as penny stocks. We're buying hyped up stocks or we're shorting hyped up stocks. |
| 0:34.3 | Lots of times in that kind of two to $10 range. And that's interesting for a lot of |
| 0:40.5 | new traders, especially, you know, if you've got a small account, if you're just getting started, |
| 0:46.1 | I think pretty much, well, not everybody, but a significant majority of new traders, that's |
| 0:52.0 | where they gravitate towards as they go to, you know, |
| 0:55.1 | they start looking for 50 cent stocks. You know, we had a great interview with, with Huddy |
| 0:59.6 | the other day was a great episode. Check it out. You know, he started out with a $20 Robin Hood account. |
| 1:07.4 | And, you know, so obviously he was looking for one cent, two cent stocks type stuff like that. So what I'm, |
| 1:14.0 | what I'm excited about today is we have Matt, which is commonly referred to as TriForce Trader online. |
| 1:20.8 | You can check them out at triforcedrader.com. And he's got a little bit of a different approach. |
| 1:27.4 | More of, I guess what I, and he might correct me on this, but more of what I call like a |
| 1:32.7 | macro approach and as well as more of an algorithmic approach. |
| 1:37.4 | You know, what, what Stephen and I do and what most penny stock traders do is we trade |
| 1:42.4 | one sketchy little stock and we stare at it all day long. |
| 1:46.5 | We micromanage it. |
| 1:48.3 | Matt does a lot more of like futures trading, whether that be SPY or oil or all these other markets. |
| 1:54.5 | And he also does a lot of algorithmic type stuff. |
| 1:57.6 | So welcome aboard, Matt, glad to have you here. Just if you don't mind, let's kind of start |
| 2:03.6 | out with the obligatory background, you know, what got you started in trading, kind of where you started |
... |
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