Jerremy Newsome – Stop Trying to Hit the Home Run Trade

Jerremy Alexander Newsome is the CEO and co-founder of www.reallifetrading.com. The trader and newly published author has one of the fastest growing audiences and websites on the Internet and attacks the markets with energy, exuberance, and humor that is truly refreshing. He has been professionally trading the stock market since he was 21 years old. Jerremy specializes in candlesticks, gaps, day trading with shares and options, swing trading and credit spreads. He graduated from the University of Florida in 2009 with a bachelor’s degree in business management, with a minor in mass communication. In his spare time, he has dabbled in the comedy world, practices Brazilian jiu-jitsu and has an informed taste in music and good beverages. Forrest Gump drives desire to not ‘have to worry about money no more’ Many people were inspired by the 1994 Tom Hanks masterwork, Forrest Gump. The box office hit inspired viewers with its mash-up history and heart-wrenching life lessons. Notably, it included an undeniable and timeless investment lesson.   Our guest Jerremy’s love affair with trading in the stock market started when he watched Forrest go to the mailbox while he’s telling his new park-bench friend how he’d had a call from “Lieutenant Dan”, who had invested their money in “some kind of fruit company” (Apple computers, Apple Inc. AAPL:US, APPL.OQ) and that they “didn’t have to worry about money no more”. For young Jerremy, the main motivation for getting into the world of investing was that his family always worried about money and he wanted to find out “How could we not do that anymore?” Jerremy begged his father to invest in Apple as well, and finally he agreed too, also saying he would match his son’s stake. He gave US$1,300 to his father, a sum raised from door-to-door sales of blackberries he had picked himself in the summer of 1994. The Apple shares they bought performed very well and around six years later, his father gave his then-12-year-old self a whopping $12,000 and he has been hooked on trading and investing ever since. Apple Inc.’s share price from beginning to present [caption id="attachment_2558" align="alignnone" width="1555"] Red line in the Apple Inc. chart above represents the approximate period Jerremy and his father traded in Apple shares, which succeeded in turning Jerremy’s initial investment of US$1,300 into $12,000. He has been hooked on investing and trading ever since.[/caption] Summary: Jerremy’s journey in investing In this episode, Jerremy shares what sparked his interest in investing and paved the way for his professional trading career.  He will reminisce about the glorious yet ill-fated days of being dazzled by the hottest trend at the time – silver. Jerremy was confident after tasting success when he had a striking 36% return from his father’s retirement funds in three months. But things didn’t go as expected when after its peak at $48.35 per share, it dropped by $10 in a week, a 20% loss in value, and unbelievably plunged to zero in the following week. Jerremy will detail more of the ins and outs of the trade and how his personal investment and loss of his...