Today’s guest actually left me a bit speechless. For one, he was actually way over $400,000 plus in the (which was in 2014, at the time of this interview). This was only within his first year of trading! Not only that, but he’s only 24, the same age as me which definitely put things into perspective.
His name is Matthew Hoyle and you’ll definitely want to remember the name.
He initially developed an interest in the stock market in high school during a class competition, where he loaded up on AAPL shares. Even ten years later he always kept the stock market on the back of his mind but never did anything. That is, until he was very jaded with his day job one day and decided to explore his options using the stock market.
He ended up stumbling across Timothy Skyes (EP 003) as well as Paul Scolardi online. From then on it’s only been getting better and better for him.
What’s Covered in This Interview:
- What Matthew learned after paper trading for 6 months as well as how me minimized his newbie mistakes
- Why Matthew felt confident trading $100,000 of real capital
- Why Matthew chooses trading futures on commodities and indices and the many benefits he believes they have
- Matthew’s trading approaches, including collecting a daily watchlist and how he reacts to news releases
- Why Matthew believes you should not follow blindly on trade alerts and similar subscription services as well as how to get the greatest benefits from them
- How Matthew managed to lose $12,000 because he was stubborn and went against his trading plan
Links and Resources:
- Yahoo Finance – This is a resource Matthew uses to check out news updates and fundamental research
- The Disciplined Trader: Developing Winning Attitudes by Mark Douglas – Matthew suggests every trader reads this book This is the one book Matthews suggests every trader should read
- TriForceTrader.com – Visit Matthew’s website
- @triforcetrader – Follow Matthew on Twitter
- Profit.ly Gurus – Matthew is on their team now, feel free to subscribe to learn the patterns and rules he uses
