Jack was 18 when his friend introduced him to day trading. His trading journey wasn’t a linear path to success: he took big losses at first and struggled against brokerage fees while barely breaking even. Nevertheless, he became a successful and profitable day trader, making $1-2k a week consistently even when the market is slow.

We talked about emulating mentors and following strategies of other people. Sometimes it works out, and sometimes you can’t seem to get the setup right no matter how hard you try. Additionally, the market is changing, and strategies that used to bring consistent 4-figure income are not as successful anymore or don’t come across as often.

We discussed the difference between trading NASDAQ and OTC stocks, and how a successful strategy used on penny stocks will paper cut you all the way down on NASDAQ - and vice versa.  

Jack shared the brokerages that he currently uses, how busy he is with the current state of the OTC market, and how much money he generates on a good week. We chatted about the misconceptions that he used to have about day trading and how different the reality is. He also described the challenges that he faces when day trading and what he does to overcome them.

What is your takeaway from Jack’s interview?