It depends on the discipline you’re in and the trade you’re in. A lot of it is going to be trial and error, and some people will figure out the trade as they’re learning it. But I know for my life it took me two years to figure out the swing trading trade. The first time I did it was on Wall Street and I started at 18 with no background in finance or anything like that. I had to learn to work within these big players where they were making a lot of money and they wanted to know who I was and whether I was the right kid for the job. There are a lot of young kids that are good enough to be on Wall Street and I have nothing against that. I also had to learn how they dealt with the business. Even in that experience I did learn how to think and act and not be a jackass. Now, I try not to think about these things. But you have to do things that are necessary to keep up, in terms of research. The other thing is you have to be in the market to learn it. I have to go to markets and see and get a feel for what these guys are trading, so I can start making sense of it. Some people need to do it on the side. So I started off at 18 and got a start with it. It took about three years to learn what I was learning in the market.
What is your personal opinion and what does your family think?
They don’t know much about it. My dad was a trader and he had a lot of experience. My mom does a lot of trading and it’s just her experience in something that she does on a daily basis. She tells me what she thinks is wrong. So I think they think it’s a good trade, I think it’s a good trade, but there’s always room for improvement.
Who is your father?
My dad is a small business owner himself and he was a big investor in the New England Patriots. He used to work in sports. He is one of those folks that has a lot of personal life experience with what it’s like to be successful. He knew what it’s like to be successful on Wall Street and how to operate outside of finance on the side. He was also a big proponent of small-business ownership. I don’t know how much he has told me over the years but he always said if you can get two parents supporting you, you get it.
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