Jerremy Newsome emphasizes that wealth in trading is a consistent application of basic principles, akin to second-grade math. He shares his strategy of capturing small movements in stocks like Tesla, aiming for $600,000 annually from 200 days of trading 1,000 shares. He highlights the importance of understanding and adapting to market volatility and the mental aspects of trading. He advises traders to focus on their most profitable times and to maintain a positive mindset, even during losses.
Jerremy also discusses the significance of discipline in life and trading, and the value of being a contrarian thinker.
Podcast Interview
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Interview Link
Website – RealLifeTrading.com
Jerremy’s Tesla Strategy
Key Lessons
[01:33] Wealth is 2nd grade math repeated consistently.
[04:57] You’re trading to make money. So, if you’re not making money, you’re doing something wrong.
[09:50] We have to work out the patterns of our trading.
[18:11] The whole market is just human emotion and human sentiment.
[25:02] Having more money is always going to make this particular (trading) game a lot easier.
[25:16] Find ways to grow your capital. It’s okay to have a smaller account and just physically manually build it up.
[26:37] The vast majority of the world’s problems will be solved when individuals have more consistency and discipline in life.
[26:45] If someone is disciplined and not only in trading but in any aspects of life, they’ll be successful whatever they do.
[27:16] Study how to be a contrarian. Study thinking differently.
[31:26] If you stay consistent, you stay disciplined, that’s the key to winning in life.
