The trader featured in today’s interview is Ryan Moffett from Blackpier Capital, out of Knoxville, Tennessee.
Ryan’s experience runs the gambit from trading, portfolio construction, strategy design and even alternative investments over the last 12 years. He accumulated these experiences while working for several firms, one of which managed upwards of $2 billion.
Lately, Ryan has ventured out to start his own fund, where he has the title of Lead Investment Manager.
Some of the subjects we cover in this episode include; the snapping point that led Ryan to trading and cold-calling 50 fund managers for guidance; how he set up a mentoring network; the first steps to starting a fund and the unseen challenges.
We also discuss options, strategies, and research, but my favorite discussion point is Ryan’s insights into deliberate practice and identifying mental discomfort as a positive.
What’s Covered in This Interview:
- Ryan’s snapping point that led to cold calling 50 fund managers and the pursuit of trading. How these cold calls became conversations that evolved into mentorships.
- Ryan talks about why he learned the “back office of Wall Street”, how portfolios are managed by institutional firms, and how learning these things changed his perceptions.
- Once he gained the confidence to manage other people’s money, Ryan walks us through the first steps to setting up a fund and the business that goes beyond trading.
- Ryan gives us an gives a summary of his new fund’s flagship product, showing us complex options strategies and their ongoing quantitative research process.
- The general differences between deliberate practice and practice, as well as the positive nature of mental discomfort and frustration. These are your growing pains.
Links and Resources:
- Trader – The classic documentary about the man who may be the greatest trader of our time, Paul Tudor Jones. Click the link to watch part one on YouTube.
- The Comprehensive Guide to Trading Mentorship – Since we are on the subject of mentoring, this is the free guide I wrote on the subject.
- What Creates Greatness – Ryan’s article about deliberate practice and if you’d like additional insight, The Talent Code by Daniel Coyle is recommended reading.
- BlackpierCapital.com – Visit the Blackpier Capital website to learn more about Ryan and his new fund. Also available is the Leaning Into Discomfort article that he referenced.
- @BlackpierCapitalLP – Tweet Ryan about this episode and follow him on Twitter.
