Notes from Trading and Success Podcast Episode

Introduction

• Podcast episode featuring a successful trader known as Nor.
• Discusses his trading journey, strategies, and life experiences.
• Highlights challenges with trading, dealing with online reputations, and personal growth.

Trading Strategies and Techniques

Journaling and Self-Reflection

• Traders often journal only on red days to mark mistakes.
• Importance of journaling green days to note red flags and improve.

Trading Strategies

• Focus on divergence and consolidation plays.
• Analyze NASDAQ and individual stock strength (e.g., Nvidia, Tesla, Amazon).
• Use higher time frames to identify trends and potential entries.
• Employ options strategies and implied volatility understanding.

Entry and Exit Strategies

• Look for divergences and significant strength in stock movements.
• Identify support and resistance levels before making trades.
• Use tape reading, options volume, and level 2 data.
• Emphasize not relying on traditional patterns like head and shoulders.

Personal Experiences and Challenges

Online Reputation Management

• Faced allegations from Coffeezilla about copying signals in 2019.
• Offered transparency with trading logs and broker statements.

SEC Investigation

• Experienced an SEC investigation due to false anonymous tips.
• Incurred significant legal costs but proved trading integrity.

Robbery and Security Concerns

• Encountered armed robberies in Los Angeles affecting his lifestyle.
• Highlighted the safer environment in Dubai compared to the US.

Business Ventures and Financial Success

Diversifying Income Streams

• Owns multiple businesses: dispensary, car rental, hospice care.
• Emphasizes building wealth outside trading for security.

Wealth Management and Personal Growth

• Uses trading profits to invest in businesses for passive income.
• Focuses on long-term financial stability rather than just trading.
• Stresses the importance of enjoying simple life pleasures.

Philosophy and Advice

Approach to Trading

• Keep trading strategies simple and effective.
• Understand the difference between emotion-driven and rational exits.
• Use journaling to assess both losses and successes.

Personal Insight

• Wealth is used to bring happiness to family and friends.
• Money allows for experiences and taking care of loved ones.
• Advises not to compare oneself with others and focus on personal growth.

Reflections on Life and Career

• Emphasizes the journey and growth in trading, not just the profits.
• Encourages enjoying the process instead of constantly comparing to others.
• Shares personal experiences and lessons learned from highs and lows.

Conclusion

• The podcast provides insights into the world of trading and personal growth.
• Offers a motivational perspective on navigating financial success and life challenges.

This episode is a rich source of trading insights, personal stories, and practical advice for aspiring traders and entrepreneurs.