What I’ve Learned from 4 Years of Interviewing Market Wizards
AI Summary
Summary: Interview with Don Venbo and Richard
Introduction:
- Don Venbo, a senior portfolio manager, hosts a special podcast edition for Thanksgiving.
- Richard, the interviewee, previously interviewed Don in June, following a significant market drop.
Market Reflections:
- They reflect on past market conditions, including a significant drop after an FOMC meeting and a recent market high.
- Discussion includes the market’s response to interest rate hikes and the performance of leading stocks.
Personal Interests:
- Richard’s dog is mentioned as a light-hearted segue into personal questions.
- Richard shares his background, growing up near Washington D.C., and his childhood interests in soccer and baseball.
Family Influence on Finance:
- Richard discusses his family’s conservative approach to finance, influenced by his grandfather’s experience during the Great Depression.
- His family used financial advisors and focused on long-term investments rather than individual stock picking.
Education and Career Path:
- Richard attended the University of Maryland, majoring in mechanical engineering, following in his family’s footsteps.
- He became interested in stock trading during college, which eventually led him to pivot from engineering to trading.
Influence of Dr. Wish’s Class:
- A class with Dr. Wish at Maryland sparked Richard’s interest in the stock market and technical analysis.
- The class included financial literacy and introduced the CAN SLIM method, which greatly influenced Richard’s trading approach.
Transition to Trading:
- Richard’s growing interest in trading led him to create YouTube videos and conduct interviews with experienced traders.
- He discusses the decision to pursue trading full-time and the support he received from his family.
TraderLion and DeepView:
- Richard joined TraderLion, where he focuses on content creation and interviews.
- He explains the roles of his colleagues at TraderLion and the development of DeepView, a trading platform.
Trading Psychology:
- The interview touches on the importance of trading psychology and managing emotions.
- Richard mentions working with Jared Tendler on a trading psychology masterclass and the insights gained from it.
Reflection on Interviews:
- Richard reflects on interviews with prominent traders like Jim Ropel, Mark Minervini, and Charles Harris.
- He shares key takeaways from these interviews, such as the importance of tight areas with low volume and managing risk.
Conclusion:
- The interview concludes with a discussion on the current market trends and Richard’s approach to managing trades and risk.
(Note: The summary is structured in an outline format, highlighting key topics and insights from the interview without additional commentary or information not present in the original text.)