Ep 96: Choosing the Best Broker for Active Traders and Retail Trading

In this episode of The Wall Street Coach Podcast, Matt Marino, Co-Founder of CenterPoint, shared insights into the inception and unique offerings of their brokerage firm and discussed the evolving landscape of retail trading. Marino, along with his four co-founders, identified a significant gap in the market for retail clients seeking to short low float stocks, a service previously reserved for institutional traders. Their mission was clear: to bring institutional-grade services to retail clients. 

CenterPoint’s approach is rooted in building strong relationships with their clients, rather than just providing customer service. Marino emphasizes the importance of treating all clients, regardless of their size, with fairness and respect. This relationship-focused strategy has allowed CenterPoint to maintain a loyal client base for over a decade, fostering a sense of community and trust.

Reflecting on the future of retail trading, Marino noted that the COVID-19 pandemic era, often referred to as the “roaring kitty” era, significantly accelerated the trend of retail trading. The pandemic brought a new generation of traders into the market, similar to the dot-com boom of the early 2000s. This new wave of traders, particularly those in their twenties, are highly adept at navigating online environments, managing stress, and leveraging technology to trade.

The future of retail trading appears bright! Major brokerage firms, which once focused on promoting investment advisors, are now highlighting tools to support active trading. This shift indicates a broader acceptance and growth of retail trading. More people are gaining access to sophisticated trading tools, creating a dynamic and volatile market environment. 

Marino also shared that while trading can be highly rewarding, it is essential for aspiring traders to be honest with themselves about their capabilities and limitations. Success in trading requires a mix of patience, the ability to manage risk, and the fortitude to recognize when it’s not working. 

For those looking to explore what CenterPoint has to offer, the firm provides a comprehensive suite of tools and services designed to meet the diverse needs of traders, backed by a team that genuinely cares about their success. CenterPoint is currently offering 60 days of commission-free trading for new clients, providing an excellent opportunity to experience their exceptional service firsthand.

For even more insights, check out this recent X Space with Matt.

 

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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com.
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Podcast: Play in new window | Download (Duration: 36:01 — 49.5MB)

Ep: 95 Trading Made Simple – Cutting Through the Noise with Chris Lanzilotti

Dive into the world of trading with guest Chris Lanzilotti! This episode is your gateway to mastering the complexities of trading through clear, actionable strategies suitable for traders at every level. Chris, a seasoned trader and dedicated teacher, breaks down the essence of trading simplicity, making it accessible for everyone.

Chris’ unique approach transforms complex concepts into easy-to-understand strategies. He delves into the art of simplifying investments, crucial for both novice and experienced traders, and takes a deep dive into market dynamics and trading psychology–essential elements for any trader’s toolkit!

Discussion on how to adapt trading styles for success explores the importance of emotional intelligence in trading, how personal growth influences trading performance, and how leveraging psychology can boost trading success.

Join us for an information-packed episode and transform your trading approach today!

Follow Chris:
X – @chris_j_lance  
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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com.


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Podcast: Play in new window | Download (Duration: 45:27 — 62.5MB)

Ep 94: Bouncing Back from Trading Losses – Lessons from Matt ‘PAX’ Kenah

From Setbacks to Success

In the fast-paced world of trading, success stories often come wrapped in tales of perseverance and resilience. Matt “Pax” Kenah is, a trader whose journey embodies the highs and lows of the financial markets.

In this podcast interview, Pax opens up about his tumultuous path to success. From personal tragedies to professional setbacks, he faced it all with unwavering determination. Despite the challenges, Pax found solace in the lessons learned along the way.

One pivotal moment was his experience during the MF Global crisis in 2011. After significant losses, he was forced to confront his ego and redefine his approach to trading. He shifted his focus from chasing profits to building a solid foundation based on process and risk management.

With the support of his wife and a renewed sense of purpose, Pax embarked on a journey of self-discovery. He started small, trading one and two lots, with a clear goal in mind: to end each day with a positive outcome and to develop a consistent trading process.

Over time, Pax’s disciplined approach paid off. As volatility increased, so did his confidence. By staying true to his principles and prioritizing long-term success over short-term gains, Pax achieved a level of financial stability he once thought impossible.

Looking back, Pax acknowledges the role that adversity played in shaping his success. Without the hardships of the past, he wouldn’t be the trader—or the person—he is today. Through perseverance and resilience, Pax transformed setbacks into stepping stones toward a brighter future.

We can all draw inspiration from Pax’s journey. In a world where uncertainty is constant, it’s not the failures that define us but how we choose to respond to them. If you are ready to embrace challenges as opportunities for growth and emerge stronger on the other side, this episode is for you!

 

Follow Pax –

X – @ThePAXGroup

LinkedIn – The PAX Group

YouTube: @ThePaxGroup

 

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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com.

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Ep 93: From IT Professional to Successful Trader

In this episode of The Wall Street Coach Podcast, I had the pleasure of interviewing Stan Ivanov, a senior technology executive turned successful trader. Stan’s journey from Bulgaria to Las Vegas is a fascinating tale of transformation and determination.

Despite experiencing setbacks, including “blowing up” his account multiple times in the early years, Stan remained resilient and committed to mastering the markets. Transitioning from a corporate IT career to full-time trading, Stan’s trading style is heavily influenced by his emotional awareness and problem-solving skills honed in the technology sector. What sets Stan apart is his emphasis on self-awareness, accountability, and integrity in decision-making. For Stan, how he feels about a trade is just as important as what he thinks.

Beyond trading, Stan remains actively involved in the trading community, leveraging his experience to mentor and support aspiring traders. Time is his most valuable currency, and he chooses to invest it in endeavors that have a meaningful impact.

Intrigued to learn more about Stan’s journey and trading philosophy? Tune in to the full podcast episode for invaluable insights and inspiration!

 

Follow Stan – 

Instagram: @stanislavnivanov
X:  @corleoneoffer 

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Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

CenterPoint
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Podcast: Play in new window | Download (Duration: 21:51 — 30.0MB)

Ep 92: Embracing the Unpredictable – The Day Trader’s Guide to Uncertainty

In this episode of The Wall Street Coach Podcast, Maggie Jackson discusses her book “Uncertain: The Wisdom and Wonder of Being Unsure,” and delves deep into the concept of uncertainty and its profound implications for our lives. Maggie talks about the importance of being comfortable with ambiguity, encourages us to lean into uncertainty, and to explore the unknown with curiosity and openness. This mindset shift can lead to better decision-making, more innovative solutions, and deeper connections with others.

 

Whether you’re a trader navigating market fluctuations, a CEO leading through a crisis, or simply someone facing life’s uncertainties, Maggie’s insights offer invaluable guidance on how to thrive amidst the unknown. If you’re interested in cultivating a mindset of curiosity, openness, and resilience, this episode is for you! 

 

Harness the power of uncertainty to unlock new possibilities and chart a course towards greater fulfillment and success!

Follow Maggie: www.maggie-jackson.com

Get Maggie’s book

 

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Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.
 
Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com
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Podcast: Play in new window | Download (Duration: 46:03 — 63.3MB)

Ep 91: Angry After Trading? Discover This Quick Anger-Release Trick

Transformative Healing: A Journey from Anger to Liberation

In this podcast episode, I had the pleasure of hosting my good friend Dave Shoemaker, the owner of the renowned Ninth Wave Tattoo Shop in Asbury Park, New Jersey. Dave supported me through a very vulnerable and transformative moment in my life which culminated in a cathartic release of anger.

This journey of healing and self-discovery shows the power of unconventional methods in addressing suppressed emotions in a safe and healthy way. 

For traders, navigating the tumultuous waters of financial markets can often leave them grappling with intense emotions, particularly the underexplored aspect of anger. The expression of anger in the trading world is seldom discussed openly, and the pressure to maintain composure can lead traders to suppress these emotions. Acknowledging and addressing the source of anger, whether it stems from market volatility, unexpected losses, or external factors, is crucial. 

Just as I found healing in an unconventional way, traders may find therapeutic release in constructive outlets tailored to their unique experiences. This could involve debriefing sessions, journaling, or even seeking professional guidance to process and channel the anger effectively. Understanding that anger is a natural response to the challenges of trading, and having the tools to navigate it, can contribute to a trader’s overall mental well-being and resilience in the dynamic world of finance.

Join us as we explore the profound impact of expressing and processing emotions, in a physical and symbolic manner, to find relief and balance.


Follow Dave: 

Instagram – @daveshoemaker
Dave’s shop: www.ninthwavetattoo.com

 

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Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

CenterPoint
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Podcast: Play in new window | Download (Duration: 38:58 — 53.5MB)

Ep 90: Don’t Let Your Mind Sabotage Your Trading: Master the Mental Game of Trading with Steven Goldstein

Unlocking Trading Success with Steven Goldstein:  The Power of Vulnerability and Purpose

In the fast-paced world of trading, success often hinges on a delicate balance of skills, mindset, and adaptability. As traders, we navigate the unpredictable market terrain, facing both triumphs and challenges. In this podcast episode, we explore the transformative journey of becoming a consistently successful trader, shedding light on the often-overlooked elements of vulnerability and purpose.

Embracing Vulnerability: A Game-Changer in Trading

Imagine a scenario where stress is a constant companion, and success is marked by the ability to navigate through the highs and lows of the market. This is the reality for many traders, and it was no different for one individual who went from being a hesitant trader to achieving sustainable success.

In a candid conversation, Steven Goldstein reflects on the transformation that happened when he embraced vulnerability and sought the guidance of a coach. Trading is inherently stressful, but learning to live with and manage that stress became a game-changer. His journey mirrors the experiences of many in the financial world who grapple with the idea of seeking external help for personal development.

Resistance to help is not uncommon in the finance industry. The perception of needing external support can challenge one’s confidence, which is particularly prevalent among high-performing individuals. However, Steven’s story takes a positive turn as he recounts discovering the power of vulnerability. Acknowledging the need for support, opening up to coaching, and embracing vulnerability became pivotal in his journey toward sustained success. 

Follow Steven:  

On X – @alphamind101

Steven Goldstein is renowned as a top performance coach within the financial market, known for his expertise in guiding individuals involved in trading and investment activities towards enhanced performance and capability. With nearly 25 years of experience in senior trading roles in London’s Rates and FX markets, Steven brings a wealth of insight into the complexities of financial markets and human behavior under risk. He is co-host of The AlphaMind Podcast and his new book, Mastering the Mental Game of Trading, is out now.  

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Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Podcast: Play in new window | Download (Duration: 53:36 — 73.7MB)

Ep 89: Big Waves to Big Trades – Building a Trading Tribe in the Surf Community

The Trading Tribe: A Fusion of Surfing, Photography, and Financial Wisdom

In the world of trading, where precision meets intuition, a unique community has emerged – The Trading Tribe. With individuals like Shane Dorian and Ryan Miller, this tribe is more than just a group of traders; it’s a blend of diverse backgrounds, including professional surfing and photography.

The story of how this eclectic tribe came together is as spontaneous as the ocean waves they ride. Shane Dorian, a seasoned pro surfer, and Ryan Miller, a top-tier surf photographer, initially connected through their shared passion for riding the waves. Little did they know that their camaraderie would evolve into a tight-knit group exploring the depths of the stock market.

The fusion of their collective experiences, with older members bringing long-term investment insights and younger ones offering cutting-edge knowledge, created a dynamic learning environment. The Trading Tribe started as casual conversations about stocks, mortgages, and real estate, gradually morphing into a focused exchange of ideas and strategies.

As the tribe tightened its structure over the past three to four years, the members became more serious about their financial pursuits. The result is a vibrant community where the wisdom of seasoned investors intertwines with the fresh perspectives of the younger generation, fostering an environment of continuous learning and growth.

What makes The Trading Tribe unique is not just its financial focus but the organic way it came together. It’s a testament to the power of shared interests and the desire to learn and succeed together. 

So, whether you’re riding waves or navigating the stock market, this episode filled with collaboration and inspiration can lead to success in any aspect of life!

Shane has been a welcome guest and cohost on The Wall Street Coach Podcast — check out some of his other appearances here:

Ep 43: Shane Dorian on Big Waves and Big Winners

Ep 61: Charles Harris’ Massive Trading Loss Recovery + Mindset (Part 1)

Ep 62: Charles Harris’ Winning Mindset + Strategy on $TSLA (Part 2)

The Enduring Legacy of William O’Neil

Follow Shane and Ryan:

Shane on Instagram:  @shanedorian
Ryan on Instagram:  @badboyryry_

More Good Stuff:

Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Podcast: Play in new window | Download (Duration: 1:13:19 — 100.8MB)

Ep 88: Reminiscences of a Day Trader with David S. Hale

Riding the Trading Rollercoaster: Real Talk from David Hale

So, you’ve probably heard all the success stories of traders living the high life. But let’s get real – trading isn’t just about cashing in on big wins. In a recent chat, David S. Hale talks about the not-so-glamorous side of a 23-year career in the industry.

We all go through it – those moments of shame, disappointment, and frustration. David digs deep into the struggles, calling out the stigma around shame that keeps traders from being real about their journey. He’s all about embracing vulnerability, believing it’s the key to letting others know they’re not alone in their struggle.

The conversation gets into the nitty-gritty of why traders find it tough to share their struggles with friends and family. Turns out, losses hit differently in the trading world. It’s not like your regular 9-to-5 where a bad day doesn’t mean your whole life is falling apart.

David doesn’t hold back on the personal stuff, sharing tales of relationship drama and financial hits. He talks about how trading can get toxic and advises traders to build a support system. Lesson learned – don’t go it alone.

One big takeaway? Always have a Plan B. David wishes he had a safety net during the rough times. So, if you’re thinking of diving into trading, stash some savings or have a side hustle ready. It’s like having a financial cushion when the market throws a curveball.

The interview takes on the full-time versus part-time trading debate. David gets it – to be a trading pro requires serious dedication, but he’s not blind to the fact that bills need paying!

Listen in to get David’s perspective on the emotional and practical sides of trading! It’s not just about charts and graphs; it’s about bouncing back from losses, keeping it real, and having a solid plan for when the going gets tough.


Follow David:

X – @CREAMtrader

More Good Stuff:

Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.

Get Kim’s FREE e-book at traderdiscipline.com

Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

 

Podcast: Play in new window | Download (Duration: 35:28 — 48.7MB)

Ep 87: No Worries – How to Live a Stress-Free Financial Life with Jared Dillian

Jared Dillian, the author of the insightful new book, "No Worries: How to Live a Stress-Free Financial Life" joins me on this episode of The Wall Street Coach Podcast.

What makes "No Worries" a distinct read is its accessibility--Jared has managed to strip away the jargon, presenting financial insights in a way that feels like chatting with a friend at a bar. It's a candid and straightforward conversation about money – a breath of fresh air in the often complex world of finance!

He navigates the emotional landscape of money and offers practical advice on how to lead a stress-free financial life. His approach, born out of years of work on personal finance, resonates with traders and individuals seeking clarity in an often turbulent industry. Jared emphasizes the role of mindset and behavior, challenging extreme financial solutions and advocating for a balanced approach. 
Cutting expenses isn't the solution. Making more money is a better alternative. Jared stresses the need for cash, capital, courage, and conviction in financial decisions, envisioning a state of financial security where individuals can confidently say "f*** you" and seize opportunities!


Follow Jared:


Twitter – @dailydirtnap

More Good Stuff:


Want to become the hero of your own journey? Check out traderherojourney.com for support, guidance and a community of like-minded traders.


Get Kim’s FREE e-book at traderdiscipline.com


Kim’s FREE 3-minute Trader Check-In resource at TraderCheckIn.com


Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal, or tax advice, or an offer to buy or sell any security. For full disclosures: www.thewallstreetcoach.com

Podcast: Play in new window | Download (Duration: 34:52 — 47.9MB)