Business
When you think about trading stocks, options, equities and futures what public figures come to mind?Do you think about the guy you alway see on CNBC as you are watching TV? You know, Jim Cramer on Mad Money? That’s perfect, because I was fortunate to speak with him and listen to his thoughts on retail trading.If you’ve ever seen his show, you know Jim Cramer is passionate about trading, but you might not know that he is even more passionate about trading education.In this episode, Jim and I speak about:The value in losing a tradeThe importance of paper tradingHow to turn a trade into an investment, and why you don’t want to do itWhy you should focus on what you are good atHow to protect yourself from getting schooled by the market or a “Trade Guru”1:05 Your number ONE priority1:24 A closet full of losers2:00 Reasons to get better2:58 “Intellectual lightweight non-rigorous thinking”3:30 Protecting retail traders4:33 Fake News5:55 Do you have an edge in this business6:55 A story about coffee8:00 Get it over it!8:50 “I like the way this stock is acting”9:30 Supply and demand. A common sense trade?10:50Fantastic little trades13:00A real world example16:00Jim Cramer’s dog: NVIDIA18:50Trading education: Everyone is an expert20:50Real results or snake oil? It’s ON YOU