In this episode of "Diary of a Trader", the host introduces Ardi Aaziznia, a co-founder of Bear Bull Traders and Peak Capital Trading, and author of the bestselling book "Stock Market Explained". Ardi shares his journey from studying finance at the University of British Columbia to becoming a successful trader and entrepreneur. The episode explores his early career in wealth management and his expertise in option derivatives. Listeners learn about Ardi's remarkable understanding of the complex world of finance and his drive and passion to succeed, which was harnessed after making a significant move from Iran to Canada.
[00:01:33] Trading journey from Iran to Canada.
[00:04:07] Early interest in business.
[00:09:56] Implied volatility in options.
[00:11:37] Stock options and dividends.
[00:18:03] Trading failure rates.
[00:19:30] Realistic expectations in trading.
[00:22:42] Trading as a Business.
[00:26:25] Trading naked options vs. spreads
[00:32:18] Good trader qualities.
[00:35:58] Risk-taking and performance.
[00:37:24] Predicting stock market success.
[00:41:27] Narratives follow the price.
[00:45:06] Asset allocation for portfolio building.
[00:50:31] Investing vs. Trading.
[00:51:19] Passive investing advice is bad.
[00:55:35] AI and complex algorithms.
[00:58:52] Practical advice for new traders.
[01:02:32] Financially inside of you.
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