Today, Alex sat down with Trevor who has been trading since 2016. After a long struggle with drug addiction, Trevor found consistency in 2018 and is now a successful trader for Seven Points Capital, a global proprietary trading firm.
Keep reading to learn how Trevor overcame his demons and what advice he gives to beginners and seasoned traders alike. You might be surprised!
Trevor’s Backstory
Having an addictive personality, Trevor finally became sober at 21 and used his personality to focus on “good things” to turn his life around. The book “Rich Dad, Poor Dad” by Robert Kiyosaki caught his interest and he became fascinated by trading and the world of finance. Consequently, he opened his first brokerage account in 2015 and started trading with $200 on Robin Hood after googling how to trade penny stocks.
First Trades
During that time, Trevor continued to work his flexible part-time job and kept trading with small amounts of money. He found StockTwits, a social media trading platform, and joined a paid chat room to learn the basics and to get trading alerts. But he soon realized that he needed a more disciplined approach after he blew up 4-5 accounts. Thanks to TJ, a friend and mentor who he met in a free chat room, Trevor was inspired to keep refining his trades. Thanks to his addictive personality, he also had a fast learning curve as he committed himself fully to trading.
Trevor quickly admits that nothing he uses in trading is unique. It’s more about absorbing all the information on hand and picking and choosing what’s right for you and what fits best with your trading style and personality. Trevor is simply a good observer and followed great mentors. He gets inspired by traders who are very dedicated, disciplined, and successful. Moreover, he observed how experienced traders control their emotions and thus learned what to do and what NOT to do.
Have you ever noticed great traders being emotionless after a big win, or being fully recovered a few days after a big loss? That’s the lesson Trevor learned: experienced traders don’t trade with emotions, rather they approach trading with critical thinking.
Consistency
Things finally started to turn around for Trevor when he focused not only on trading itself, but also on his emotional responses. For example, he started taking journaling more seriously and focused on his mindset: “What was I thinking?”, “Why am I in this trade?”. In Trevor’s words: “I started to learn the patterns in my head and not only the patterns on the screen.”
Pro Tips from Trevor:
- Create a report card and give yourself a grade for each individual trade, and for your daily performance. Rate yourself on how well you followed your process, and not only your profit and loss.
- Create a daily routine. Trevor includes meditation, breathing exercises, and visualization in his morning routine. He visualizes every possible scenario for the market open so that he’s not overwhelmed by his emotions when it’s time to trade. Control your reactions and your heart rate throughout the trading day to make sure you stay on track, and don’t deviate too much from your emotional baseline.
- Slow down! Don’t let your trading results affect your entire day and your relationships with friends and family.
Trevor fulfilled his dream and – with much consistency, determination, and continuous follow up – started to work for a global proprietary trading firm.
Congratulations, Trevor, on your discipline and unwavering mindset!
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Watch Trevor’s full interview here:_
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Book Suggestions from Trevor:
Bellafiore, Mike: “One Good Trade”
Douglas, Mark: “Trading in the Zone”
Kiyosaki, Robert: “Rich Dad Poor Dad”
Schwager, Jack: “Market Wizards”
Additional resources can be found here:
https://bthetrader.com/resources
Follow Trevor on Twitter: / killert_
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