From Scottstrade to Robinhood to Futures…

Who remembers Scottstrade? Us older traders will have a fond memory of them and how awesome it was they offered $7.99 commissions! My guest, Mark, has had a wide variety of experiences as he’s been around for quite some time! Don’t get me wrong, I absolutely love talking with guests who are on the younger end of the spectrum; however, when you talk with someone who is older, you can get some great stories form “the good ol’ days”. Mark has been through quite a bit and shares some big ups and downs which I’m confident we can relate to. Mark has traded pink sheet penny stocks, normal stocks, options and is now moving into futures. He’s a bit unique in the sense he tends to blend fundamental and macroeconomic ideas into his trades, but hey, we all have our different approaches to the market. Like all of us, Mark still has work to do, but the one underlying dynamic I noticed in his journey is becoming extremely good at acknowledging when he does not understand something instead of keeping himself in the dark. Most of his problems came from staying in the dark, but when he has grabbed the flashlight, things change quickly (amazing how that works, huh?). Let’s get to it!