THE MORNING SHOW
with
Patrick Timpone

Weekdays from 9-11AM Central

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Show for Monday, September 26

 

Trader Scott

The Art of Making Money in Markets Starts with Learning How NOT to Lose

Trader Scott will also talk about his journey with natural healing. Join Us!!

Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day.

While growing up, Scott had no interest in markets and business. His passions were focused on both sports and music, as he craves competition. And it was this competitive spirit that piqued his interest in markets after a casual visit to a former teammate who was then a floor trader at the Chicago Board of Trade.

The route that Scott took to eventually become a full time independent trader initially showed tremendous incompetence which is not unusual at all. It is these early failings in markets which is the incubator for later success, but only if someone is willing to go thru the struggles to get there. Trader Scott’s route to success and longevity in markets followed this common path: After losing his starting capital within the first year, he regrouped to make one more attempt. That second attempt almost failed also, but within the next two years he got to the point of being able to meet living expenses from just trading alone and therefore never eventually needing to actually have to “work”.

It was these early brutal lessons and many more over the years that allowed him to eventually be consistently profitable in his market operations. He had learned the vital lessons for success. These include: how to approach markets correctly; why we need a superior method for analyzing markets; how markets are nothing more than a place to place our wagers; and why we need a strong, stubborn, tough, competitive personality and psychological approach. These are the experiences that Trader Scott is now passionate about passing on to those willing to listen and who want to have some consistence success in markets.

Scott returned to markets over fifteen years ago where he continues as an independent trader. He also enjoys doing sprint workouts at the track, playing basketball, getting together and jamming with some buddies, and vegging out.

 

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