The Mindset of a Successful Trader: A $1.6m Lesson From Edu Trades
In this episode, I had the pleasure of speaking with Eduardo, a seasoned trader with a fascinating journey. Eduardo shared his early life growing up in Caracas, Venezuela, and how his initial interest in the stock market was influenced by Wall Street and the adrenaline rush of trading. Despite starting in engineering, Eduardo's passion for finance led him to pursue an MBA and eventually dive into the world of trading.
Edu grew his trading account to $1.6m. In this episode we get some hard truths and great lessons from a trader who started from nothing, saw rock bottom and turned adversity into greatness.
Time Stamps Below
00:00:00 - Introduction and Opening Remarks00:00:39 - Eduardo's Early Life and Background00:03:37 - Professional Journey Before Trading00:05:08 - Discovering a Passion for Trading00:07:10 - Choosing Stocks Over Other Assets00:09:41 - Changes in the Small Cap World00:13:02 - Challenges with Hard-to-Borrow Stocks00:14:07 - Early Challenges in Trading00:17:45 - Managing Expectations and Setbacks00:23:01 - Overcoming Financial Pressure00:28:05 - Turning Point in 202000:33:20 - Learning from Blown Accounts00:36:50 - Building Mental Capacity to Size Up00:41:24 - Future of Trading and AI00:47:52 - Closing Tradition and Final Advice00:49:09 - Where to Find Eduardo and Upcoming Events
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