ERE - Digital Stock Summit get the most value from each ... danger of using screeners to find...

Thank you so much for joining us at the Digital Stock Summit! I know that many people will want to be taking notes during the sessions to make sure that they get the most out of each speaker so I created this document for you. It outlines many of the big questions asked in each interview, most taken directly from my notes as the interviewer! There is so much great content that I am excited to share with you! To get the most value from each session, I suggest you watch each once for the main themes then if you have time a second time through for the specific details. Not sure if you have enough time for a second viewing? We got you there. The Digital Stock Summit AllAccess Pass will give you lifetime access to all the content, materials, bonuses, and even recordings of the live sessions so you can watch and rewatch as many times as needed to make sure that you get all the amazing lessons from each section. Get the AllAccess Pass HERE. Now if you haven’t checked it out yet, pick up your copy of the Digital Stock Summit Playbook so you have all the details on each speaker and a guide for what each session will be all about by going to: digitalstocksummit.com/resources I look forward to hearing from all of you as we kick things off! Find me in the chat window below the day’s sessions, or in the AllAccess Pass members chat room in the members area. I hope that you get a ton of value out of this event and can learn some great strategies! I know I did! Jacob, Host

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DAY 1 Matti Owens

1. What is Matti’s stance on paper trading? a. Why do some traders promote it and others say it’s bad?

2. What is Matti’s processes for preparing for the day?

3. What is ichimoku?

4. Matti often trades simple Support/Resistance, how does someone know which ones are

significant?

5. How can someone get the biggest benefits from educators without blindly following? a. How does one find the right mentor/educator?

6. What is Matti’s advice for someone just starting out?



DAY 1 Stuart McPhee

1. How can someone balance a career and trading? a. How can we avoid viewing it as just a hobby when time is limited? b. How did Stuart transition from part time to full time?

2. Why do so many new traders lose money?

3. How can someone work on discipline?

4. What are the stages of building a trading plan?

5. How can we avoid being an emotional rollercoaster?

6. How can we work on controlling our emotions when the plan says to do something different than we feel?

7. Trading comes down to decision making. How can one be confident/decisive in a trade? a. What helps someone be more confident?

8. What is the difference in mindset between a professional trader and a novice?

9. What are the words that Stuart writes inside his book cover? Why?



DAY 1 Maj Soueidan

1. How does Maj define microcap?

2. What is his ideal company profile for his plan?

3. Why these companies? What is it about the smallcap/microcap space that lends an edge?

4. What is information arbitrage? a. Why does it exist?

5. How has this strategy changed since Maj began? a. How often does he make plays? b. What is the average time horizon for this strategy?

6. Is it feasible to use this strategy with a smaller account?

7. Where does someone start if they want to look into this kind of strategy? a. What is Maj’s process for finding and vetting a new potential investment?

8. Maj often mentions talking to the management of a company can the average person use this strategy in their research?

a. Will they take our calls? b. What should we be wary of when making those calls?

9. What is the danger of using screeners to find potential plays? a. How does GAAP accounting change the efficacy of a screener?The evolution of

the Pump and Dump

10. How have Pump and Dump plays evolved over the last ten years?



DAY 2 Brad Jelinek

1. What is it like being in a prop trading firm? a. How did that experience help Brad learn? b. Why did he go independent after all that?

2. Has lifestyle always been a priority for Brad?

3. How can we work on detaching from the work & stress?

4. Adapting to changing markets can be one of the biggest hurdles that a trader will face when they start to get a little ways on in their journey to being a trader. What has helped Brad navigate that?

5. What are some of the most common mistakes Brad sees traders making?

6. How does he deal with big losses and keep on going?

7. It is easy to look at other’s success and judge yourself critically, how can we work on not

comparing ourselves to others wins (or losses) and getting down on ourselves?

8. How do daily rituals play a part in Brad’s trading?

9. What are some of the best resources that have influenced Brad in some way?



DAY 2 Marcello Arrambide

1. What led Marcello to see trading as a means of travel?

a. Why trading and not starting a business or freelancing?

2. What does his normal day look like?

3. How does Marcello like to prepare for a day of trading?

4. How can someone get consistent enough to be able to live and trade while traveling?

a. What are some of the misconceptions about becoming consistently profitable that Marcello sees new traders often have when they begin?

b. How can someone working towards finding their freedom mitigate risks?

5. What are the most important things for someone to work on if they want to do this full time?

6. How can others begin to craft their own dream lifestyles?



DAY 2 Felix Hartmann

1. How did it work out for Felix trading from the library when he began? a. How can we balance an active life, social, and financial obligations with learning

to trade?

2. What are Felix’s two main strategies? a. What is the advantage of options over straight equities? b. What’s the difference between directional and nondirectional options?

3. How does someone find a strategy that works for them when everyone is saying something different?

4. Where do we start to create Trading Plans, Risk Management, and Systems? a. What should we keep in consideration when we are developing a system/plan?

5. What is an example of Felix’s favorite plan?

6. What does Felix see as some of the most common issues that hold back active traders with negative, breakeven, or weak returns from getting to the next level of profitability?



DAY 2 Felix Hartmann Q&A Notes Use this section for taking notes as we go along in the Q&A Session



DAY 3 Sean Dekmar

1. Did Sean have some big failures along the way? a. What did he learn from that? b. How did Sean recover?

2. Does he have a trading bias or a particular pattern that he prefers to follow?

3. How does Sean deal with losses?

4. What does Sean look for when preparing post and pre market for the following day? a. How do we cut through the noise?

5. What are Sean’s thoughts about paper trading? a. Does this kind of practice actually help prepare a new trader for the mental

weight of having real money on the line?

6. How can a new trader prepare for and adapt to market conditions like what we are seeing today?

a. Is there any advice that Sean can recommend for someone thinking about getting into trading but is intimidated by the crazy market we are seeing right now?

7. What are some of the most common issues that Sean sees new traders having? How can they work on those issues?

8. What are 12 strategies that Sean recommends new traders practice and master to see consistent returns to grow an account when starting out?

9. How do you know which support/resistance lines drawn on a chart are significant and which ones won’t be?



DAY 3 Jason Leavitt

1. What are Jason’s beliefs about trading?

2. How does Jason not getting hung up on losses?

3. What are lumpy returns and why are they the key to success?

4. What does Jason’s prep for the day look like?

5. What are his favorite set ups, and how does he manage them? a. Which matters more the entry or the exit?

6. What does he wait for when Jason looks to begin a new position?

7. If someone wants to start today using a strategy like Jason’s, where do they start? What do they do?

8. What are some of the best lessons he has learned?

9. What separates successful traders from those who give up?



DAY 3 Ed Martin

1. What are some of the challenges Ed faced going full time?

2. Ed has found a niche in small accounts, why is that?

3. What do we have to keep in mind when we have a small account?

4. What is more important when working with a small account than with a large one?

5. How do we get started with technical analysis and what are some common first timer mistakes?

6. What are some solid chart patterns Ed likes to look for?

7. Ed’s favorite trading strategies include trading momentum stocks using the 5 minute opening range breakout, the VWAP push and fade along with the bottom and top reversals. What are those?

8. What is Ed’s risk management strategy that allows him to trade profitably using a small account?

9. Why do so many new traders start to go bigger when their accounts get smaller?

10. What can we do to keep losses in check with a small account?



DAY 3 PsychoOnWallSt (Jesse)

1. Why was it such a big deal when Jesse decided to reach out for help? a. How did finding a mentor change things for him? b. How do we find the right mentor?

i. What things should we look for? ii. How do we know they are genuine?

c. Are paid services worth it? i. Is it possible to find mentorship without paying for it? ii. What strategies can we use to show a potential mentor that we are worth

the time? iii. How would Jesse go about finding a mentor if he were starting over

today?

2. Should someone pick a mentor figure and just follow their style/actions to learn it?

3. What did Jesse take away from working with several different traders? a. How did that help him form his own style?

4. What are some of the emotionally charged decisions when trading is your sole source of income?

5. What is the gap often overlooked between deciding you want to become a trader and taking your first trade?

6. What does Jesse think is one of the biggest mistakes for someone who is new to trading?

7. What is his current style/strategy?

8. How does he prepare for the day?



DAY 3 Ben Ryan Q&A Notes Use this section for taking notes as we go along in the Q&A Session



DAY 4 Steve Burns

1. Before this interview Steve told me he is a prolific trading book reviewer, how many trading books has he read so far?

a. Based on all those books, what are some common themes or best lessons that Steve has seen among those who end up being successful trading?

b. What are some of his favorites?

2. Steve talked about a couple big losses that he has had, how did he deal with that?

3. The Darvas system has been one of Steve’s goto systems for trading, what is that and how did he learn about it?

a. What is it that Steve likes about this system? b. Can someone with a full time job use this strategy?

i. How did having a full time job actually help Steve in this system?

4. What is looking for when he researches for new trades?

5. How does someone go about finding the method that is best for them when just starting out?

6. What are some of the mental challenges that traders must get over to become successful?

7. Another thing that Steve talks about is reactive vs predictive technical analysis. What is that and what is the difference?

a. What are some of the dangers to be mindful of?

8. How has Steve changed his style over the last couple years, especially now in the early 2016 market?

a. Is he seeing systems that used to work stop working? b. Why not just ‘ride it out’ or load up for things in the long term while they are

cheap?



9. Steve sees buy and hold investing as dangerous, why is that? a. Are there any times that this is ok?

10. How can we use these markets to actually become a better trader?

11. What does Steve think separates traders who go on to be successful from those who give up?



DAY 4 Dan David

1. What area of trading does Dan consider his specialty? a. Why China? Why not other emerging markets?

2. How are Chinese companies different from US based companies and what challenges are there to investigating them?

3. Are there particular regulatory issues that we don’t find in the US that make vetting those Chinese companies more difficult?

4. What risks are there to US investors? a. Isn’t there some kind of regulation that protect individuals? b. Are there really more bad companies in China than the US or are they just in a

spotlight right now?

5. Geoinvesting has caught many companies materially misrepresenting themselves, how does he determine if a company is misrepresenting itself?

a. Maybe just incompetent? b. Why does it seem like there are so many misrepresented companies? c. Any tips for someone new looking at chinese companies on what to look out for?

i. If someone does find something potentially wrong, what are the risks to betting against it?

6. What should someone know before they decide to look at chinese companies?

7. How can an individual reduce their risk when entering this sector of the markets for the first time?



DAY 4 Dr. Alan Ellman

1. What are options?

2. How do we use them?

3. What are the risks?

4. How can we create plans that focus on generating monthly cash flow through options?

5. What is covered call writing? i. How would Alan go about designing a plan based around this strategy?

6. What are some of the biggest mistakes made by optionsellers? i. How do we avoid or at least mitigate those risks?

7. What is one strategy to use stock options in longterm buyandhold portfolios?

8. What are some steps that someone looking to get into this should take to begin their journey?

9. What are some of the best takeaways that Alan learned through writing books on options?

10. What are the best resources that helped him along the way?



DAY 4 Tim Grittani Q&A Session Use this section to take notes during the LIVE Q&A session with Tim.



DAY 5 Aaron Fifield

1. What attracted Aaron to trading? a. How far has he come? b. What led Aaron to develop Chat with Traders?

2. What are some of the best lessons and skills that Aaron has taken away from these conversations with traders?

a. How has he been able to implement the things that he has learned?

3. Aaron mentioned picking up on subtle messages to develop more sustainable methods of trading from doing his interviews, what are some of those?

4. How has his trading changed since he started?

5. How has interviewing other traders helped his own trading? a. What can the average person do to get that kind of interaction or education? b. How can we find the right resource/educator/book with so much noise?

6. Are there any particular resources that Aaron has found a lot of benefit from studying?

7. What is Aaron’s trading style? a. What is the advantage of that for him? b. How do we pick a style that fits our personality/lifestyle?

8. What led Aaron to exploring algorithmic trading? a. How do we go about beginning to learn about this kind system?

9. What is the best piece of advice Aaron wishes someone had given him right from the beginning?

10. What is the 4 stages of a trader quote? a. What does it mean?



DAY 5 Kevin Davey

1. What are the advantages of strictly following a mechanical system?

2. Kevin has an incredibly impressive record for success with futures, How did he develop that kind of a system?

3. Kevin has stated that his trading philosophy is different from many of the other educators out there, what is his philosophy and why is it different?

4. Kevin has written actual software to help his trading. Where does someone start to learn that?

a. What are some resources that he recommends for someone wanting to learn more about writing trading software?

5. What does Kevin think of portfolio trading vs specialization? a. Which should a new trader look at first? b. Doesn’t conventional wisdom say to get really good at one thing until you know it

inside and out then move on add a second thing?

6. Are there any ways for someone to work on diversifying with a small account?

7. When Kevin builds out a new system, what time frames does he use?

8. How long does he usually hold a position in those systems?

9. How does Kevin design meaningful goals for a system?

10. How does backtesting against different timeframes change the efficacy of a system? a. Why doesn’t Kevin recommend testing on a longer time horizon?



DAY 5 Andrew Falde

1. How did paying for educational services play a role in Andrew’s development? a. How do we determine which ones are worth the time and money?

2. What led Andrew to options?

3. How can a new trader work on mitigating the risks of the options world?

4. What can someone do to work on not over trading?

5. “Imagine that you open an account today with $3000.” What does Andrew’s first two weeks of trading look like?

6. Is it possible to build systems to help manage expectations and ‘predict’ a trades outcome?

7. How can we avoid trying to predict the market when preparing a system? a. Where does one even start to learn how to build a system?

8. Mike Bellafiore asks traders at SMB Capital a particular question to help them determine the reasoning of a trade. What is that question and how has it guided Andrew thus far?

9. Andrew teaches a 7 step system in his own course on SMBU to help traders find predictable success, what are those steps?

10. What does Andrew think separates successful traders from those who fail, get stuck, or never get started?

a. What is one step that a new trader can take today to get started?



DAY 5 Ben Ryan Use this section to take notes during the Keynote session with Ben.



LIKE WHAT YOU HAVE SEEN SO FAR?

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Lastly, I want to thank each and every one of you for attending and making this summit a success! Without your support we would be nothing, so I sincerely hope that you were able to learn some great tip and techniques and can find success with your trading in the coming year! Feel free to follow up after the event on twitter @DStockSummit or suggest new mentors that you’d love to see in the future. I hope that you have enjoyed this Digital Stock Summit Notebook! Please send any questions or comments to: [email protected]





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ERE - Digital Stock Summit get the most value from each ... danger of using screeners to find...

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Transcript of ERE - Digital Stock Summit get the most value from each ... danger of using screeners to find...