In The Money Stocks with Gareth Soloway, Ep #92

Gareth Soloway is a Pro Trader who has been trading for himself, consulting for Hedge Funds, and guiding retail investors for over 20 years.  After building his personal wealth through trading in 2004, he left the financial industry to trade his own money exclusively. This is when he met his partner Nick, on a trading floor in NYC. These two top traders put their collective brain-power together to co-found the PPT Methodology.  In 2007, they formed InTheMoneyStocks.com with the purpose of teaching those willing to learn how to use their PPT Methodology to dominate the markets and beat the best hedge funds and traders on Wall Street.  Gareth gives lectures at colleges, trains hedge fund traders and 1000s of investors. In this episode of How To Trade It, Gareth shares lots of practical, technical trading advice. You don’t want to miss it!

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You’ll want to hear this episode if you are interested in…

[04:50] How probabilities give you an advantage
[06:54] How to get started
[11:58] Investing vs. trading…which is better?
[19:12] How to find great trades
[24:04] When to exit a trade

Getting Started!
From personal experience, Gareth suggests starting your trading journey very slowly. You are in shark infested waters when you jump into the markets!  Institutions pay millions of dollars for algorithms to try to push you and your emotions to the extreme to get you to do the opposite of what they want to do. Then they take your money.  The first thing you need to do is get educated. Then you start by trading one share of a stock.  If, after a month, you are trading 45 out of 50 winning trades, you can move to trading five stocks.  Then prove to yourself again that your methods are right and effective.  And move slowly up from there.  What investors really need to understand is that emotions are one of your biggest issues.  Get those emotions in check right from the beginning.  By purposely moving slowly, and testing yourself, you will instill the essential habit of discipline.  

Investing vs. Trading?
Which is better is going to depend on your ability.  The average investor will make more money buying and holding stocks long-term.  If you want to make more trading, you must have the time to devote to the process of studying

Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets.

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