5 Million Dollars Worth of Beginners Luck with Jesse, aka @PsychoOnWallSt
This week’s interview is with Jesse, who is known on Twitter as @PsychoOnWallSt, which is a play on the film American Psycho. The amazing thing about Jesse is that he made half a million dollars within 90 days trading marijuana penny stocks, then lost it all pretty quickly.
He calls his approach as a hybrid between a swing trader and day trader and returned to part-time trading after doing it full time. He describes it as a profitable move. He wants to keep trading so he can use the money to open a fully functional no-kill animal shelter someday.
What’s Covered in This Interview:
- Jesse shares his experience trading penny stocks during the Marajuana boom, and how to make and lose half a million dollars in three months
- What Paul thinks it means to be a hybrid – going between a day trader and a short term swing trader
- Jesse’s techniques on scanning stocks, creating alerts, managing positions and scaling in and out of trades
- Why Jessie went from trading full time back to doing it part time
- How emotions comes into play when making decisions, especially when trading is your only source of income
- Jesse’s opinion on premium trader education services
- The gap that is usually overlooked when deciding between wanting to become a trader and actually making your first trade
- Jesse’s ongoing fight for animal welfare, including issues that more people need to be aware of, and how you can help play an important role in his cause
Links and Resources:
- PsychoOnWallStreet.wordpress.com – Jesse’s personal blog. It hasn’t been updated for some time, but he will update it soon with weekly recaps, and his thoughts and reflections on trading.
- Trade On The Fly – Michelle Koenig’s swing trading community, which Jesse’s an active moderator on. in Michele Koenig’s swing trading community. You can also learn more about Michelle in a previous interview here.
- @PsychoOnWallSt – Follow Jesse on Twitter
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