Diary Of A Trader Podcast

In this episode, host Dan welcomes Rick, an emerging voice in the trading world, who shares his unique journey from growing up in Bergen County, New Jersey, to studying finance at Fordham University. Rick discusses the fast-paced environment of his upbringing and how it shaped his direct and ambitious personality. He reflects on his early uncertainty about his career path, driven by a desire for financial success. The conversation dives into the intricacies of trading, the importance of acting swiftly in the market, and the balance of making money for clients while also benefiting oneself. Tune in for an insightful look at the mindset of a trader who operates away from the spotlight.

Timestamps

00:00:00 - Introduction and Career Beginnings00:00:39 - Early Life and Education00:01:05 - First Job at J.P. Morgan00:02:31 - Transition to Equity Capital Markets00:04:08 - Moving to First New York Securities00:05:54 - Role as an Analyst in Event-Driven Trading00:07:29 - Experience at National Bank of Canada00:08:22 - Financial Crisis and Job Loss00:09:03 - Returning to First New York00:10:06 - Discovering a New Trading Strategy00:12:13 - Adapting to Market Changes00:13:52 - Importance of News in Trading00:15:55 - Risk Management in Event-Driven Trading00:17:06 - Example of a Recent Trade00:20:52 - The Role of Tape Reading00:23:12 - Challenges in Transitioning from Analyst to Trader00:25:29 - Identifying Relevant Events00:31:00 - Trading in the Pre-Market00:34:02 - Examples of Bad Trades00:37:02 - Learning from Mistakes00:41:37 - Evolution as a Trader00:43:49 - Considering Giving Up00:47:03 - Advice for New Traders