Craig Scott has traded and invested for almost his entire life, starting out in a year-long stock picking competition for school.
After he had completed a double major in finance and accounting, Craig built a career over several years as an auditor and an accountant. After some time, his inner entrepreneur came out to start and grow several businesses (doing similar things) along the way.
Craig describes his style of trading and investing as a total hybrid of fundamentals, momentum, sentiment, and instinct. For short-term positions, he’s all about options, while mid/longer-term positions call for the use of stocks. Also worth mentioning; Craig’s very adamant about the fact that he does not use charts!
What’s Covered in This Interview:
- Craig discusses his first investing experience in a school contest and tells us how he convinced his conservative mother to let him have a brokerage account.
- Once his finance and accounting education was complete, Craig explains how he learned the ways of management through exposure to the inner workings of various companies.
- The primary reasons why Craig never uses charts in his analysis, what he does use as an alternative, and why you need to be mindful of your narrative.
- The factors affecting Craig’s determination in taking a position, and how he handles positions when expecting to take some heat—knowing he won’t pick the bottom.
- Appealing fundamentals and events for Craig, timing trades, and what happens when price action doesn’t support his outlook.
- Craig’s method for hedging options trades, his thought process for deciding when to trade stocks or options, and when he feels it’s important to understand a company.
- The circumstances which have mostly contributed to Craig’s success as a trader, and the two basic mistakes that many less-experienced traders fall victim to.
Links and Resources:
- @CraigScott31 – Follow Craig on Twitter and tweet him about this episode! Also keep an eye out for links to his weekly Periscope sessions, live most Thursday’s.
- tradovate – Commission-free futures trading is finally here. Trade unlimited contracts for a flat price with tradovate!
Click here to get your free copy of The Comprehensive Guide to Trading Mentorship.
