EP 057: $500k of “beginner’s luck” and how to thrive as a part-time trader w/ Jesse aka @PsychoOnWallSt

Aaron Fifield Podcast 1 Comment

This week, I have a really interesting guest on the podcast; his name is Jesse, but in the Twittersphere he goes by @PsychoOnWallSt. (a play on the cult film American Psycho)

A couple things you should know about Jesse is; he made $500,000 in 90 days trading marijuana penny stocks, and then lost it all just as quickly – one wild story…

He went from part-time to full-time trading, and for now, has returned to part-time trading with the results confirming this was a profitable move. He describes his approach as a hybrid between a day trader and a swing trader.

And his motive for trading, is to one day open a fully-functional no-kill animal shelter – needless to say, I have a great amount of respect for Jesse.

All of these topics and more are covered in-depth during the interview. Plus, Jesse has also offered to answer any questions you may have for him in the comments at the bottom of this page. So go ahead and take advantage of this!

Follow Jesse on Twitter: @PsychoOnWallSt

“The rules are in place to protect me from myself.”

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“There’s two types of traders – those who have experienced a life-changing loss, and those who will.”

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Lessons learnt in this interview:

  • How to make $500,000 in 3 months, and lose it just as quickly… Jesse shares a savage learning experience from trading penny stocks in the Marijuana boom.
  • Why Jesse went from part-time to full-time trader, and then returned to part-time – discussing emotionally charged decisions when trading is your sole source of income.
  • What it means to be a hybrid between a day trader and a short-term swing trader, how Jesse; scans stocks, creates alerts, manages positions, and scales in and out of trades.
  • The gap often-overlooked between deciding you want to become a trader and taking your first trade. You’ll also hear Jesse’s take on premium trader education/services.
  • Trading aside – Jesse speaks about his ongoing fight for the well-being of animals, the issues that need greater awareness, and how you can play an important role to help.

Links and resources mentioned:

  • PsychoOnWallStreet.wordpress.com – Here’s a link to Jesse’s blog; although he hasn’t posted recently, he assures us that’s about to change. Weekly recaps, thoughts and reflection, coming soon.
  • Trade On The Fly – Jesse’s an active moderator in Michele Koenig’s swing trading community. Visit the website to learn more, or listen to an interview with Michele here.
  • @PsychoOnWallSt – And be sure to follow Jesse on Twitter!

Did you enjoy this interview?

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  • Got a question? Post in the comments below and Jesse will answer this for you.
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