lx21 aka Gregg Interview with Investors Underground

you hey it's cam for investors underground so today we're speaking with one of the most famed and followed traders in the world anyone who's visited the Prophet Li leaderboard would have seen him dominating the number one position for pretty much every category there is on there he's made well into eight figures trading stocks and he's probably the wealthiest guy I know who's happy to take my phone calls I'm super excited to be able to speak with him today about trading and life Gregg LX 21 how you doing Greg I'm doing great kam thank you how are you I'm doing well thanks for asking so what is it that got you interested in trading stocks well I was always interested in the stock market I mean I can go back to English the ninth grade when in my school we had a stock market contest you know one of those 10-week hypothetical games where you have a portfolio and you can make trade and essentially compete with other teams in your school as well as was a regional thing with among many schools and ever since then I mean I remember that just that whole concept of you can make money by playing with numbers that was always fascinating to me and even though that was just a school exercise it planted the seed in me I remember even back then thinking wow wouldn't that be awesome be able to do this for a living because you know it occurred to me how much money you can make you know you just figured out the right thing to do and even though it would be many years later until I actually did something with it I thought never left me and when I was doing my swing set business that was 1998 and this was when the Internet bubble was starting to take off so you know if you think about it this is primetime if you're ever going to take a stab at stock trading probably could have been a better time to get into the stock market just as online trading is taking off the markets going crazy people that live through that time as traders and I think we would all agree there's never been anything like it since and perhaps in our lifetimes it never will be again but you know who is really an exciting time to get started so even though I was admittedly quite naive when I first started it's almost like the enormous amount of opportunities available at the time made the market a little bit more forgiving because when I say it was easy but when there's that much activity and action going on I think it's really a matter of being at the right place at the right time I'm sure traders at the time who were experienced knew what they were doing or probably making far more money but you even had a little bit of a good strategy it was the right time to get started because the positive feedback of early success obviously and propel your accounting your confidence you know so you can continue through when markets were no longer so favorable so what were you doing before you started trading and how is it that you transitioned over to stocks back in 1999 I was a contractor working for a company that sold swing sets my job was to deliver install and build wooden swing sets in people's backyards it's actually a lot of fun I actually like that kind of work you know it's outdoors and making things and you know driving around but yeah not much to do with trading to be honest the one thing that segwayed that in the trading was the fact that I was putting away a little bit of cash at a time getting ready for tax bill due in April so by the end of my first year of working I had about $25,000 in the bank and I wasn't sure how much was gonna be able for taxes so I had about five months or so with that much money in the bank and a savings account was probably making who knows you know 1% something ridiculous and this is also the time when the Internet bubble was taking off so you could imagine you know it seemed like everyone out there was making millions trading online stocks you know all these internet stocks are going crazy and I'm making essentially a few bucks a month in a savings account it occurred to me well maybe I want to invest in the stock market for a few months before I end this money over the IRS so that idea was already there but you know as appealing as it was you know I'm not a gambler you know especially with money that's owed to the government but you know I don't forward money right hey yeah it has an expiry date on it yeah but invite I mean it but it is hard to sit there for five months making you know hardly anything on it and you know I thought to myself well what if I figure something out you know just to invest for a little while make some money off of this and then you know see what happens so I decided to study the stock market essentially you know I started learning as much as I could with the work I was doing it was seasonal because I was in the Northeast us through winter you can't really be doing much outdoor work when it's snowing and below freezing so I knew it's going to have chunk of time but before this even came down this is probably November you know I was still working but it occurred to me that very soon this was imminent and I started studying whatever I could and I started reading books on trading this is of course before the internet was what it is today so a lot of the information was still you know in the Wall Street Journal newspapers magazines you know Barron's you know I started just pouring through numbers and stock prices you know and I did an online research as well I'm going through stock charts and downloading data and just going through whatever I could you know I didn't have the guts to just say oh what latest hottest stock and you know I'm gonna put my money into that you know I wanted to figure out was there a way to make money essentially you know in a reliable way you know is there a way to put the odds in my favor as I said I want to gamble I wanted to find a way to be the casino you know where I don't mind taking some chance but I want the eyes to be in my favor so I open an online account before I even made my first trade I just kept researching and researching and researching I was going through all kinds of different stock patterns looking for some kind of predictability within the numbers you know like when certain things lined up was there a way to predict that there was a good chance of a profit if you traded that set up and I found something you know where it looked like it was relatively consistent and it made good money and it still took a few it was a few weeks a couple months but it took until January actually till I actually had the downtime that knew was coming and placed my first trade and it worked so how did it feel well I expected it to work in fact I had a little bit of a naive faith in it you know I just assumed well here's something where I found perhaps 70 or 80 instances of it in the recent past and every time that this particular thing happened three days later on average the you know the trade would have made twenty percent and that's pretty much what I was looking at you know I mean it was actually a very profitable strategy but you know I and think through any of the limitations I started the the upside yeah the outside and and with that I went into it and you know and it worked and of course it felt good I mean I'm not trying to say I had no doubt but I did expect it to work so when it did I made over $1,000 my first week and then the second week made over a thousand by my third week I made over two thousand and then then you know I started that's when I really started to realize I had something that was pretty good money back then right well hey I guess you could argue it's it's not bad money even today it depends on your account size I mean that was twenty five thousand dollar account so even today making that not bad but it was doing the internet bubble and one of the things to keep in mind back then you know everybody acted like they were making a killing and there were a lot of cases where people were just nailing it out of the park you know people were buying you know Cisco or Yahoo or etrade you know and just you know doubling their money in a few weeks and you know and everybody just making it look so easy so when I'm making 5% on my account in a week it didn't look impressive compared to the rest of the world you know cuz everyone else is just making it killing it and I mean I wish I would have had this thing kind of M if you want to call it faith or Y I mean you know this ability to buy these you know momentum stocks everyone was buying back then because I mean you know there are people that have no clue what they're doing that you know we're growing accounts to obscene levels of course you know two years later you'd hear the horror stories are the same people but you know at the time you know there were a lot of people making a lot more money than me so I didn't feel like it was anything special but it fit my personality and I just could not pull the trigger on buying you know some kind of hot tech stock and you know well on the other hand that's what saved you when it all came tumbling down absolutely yeah I I had extreme skepticism you know about that whole internet bubble I mean I don't want to say that you know I knew what what was going to happen you know I wasn't experienced enough to understand how bubbles work and the other whole thing was going to go explode I you know I don't want to go that far to say I knew that but I did know that something wasn't right about it and I get it did not feel right I knew that you know even though I didn't know much about investing like you know that you could tell like this is not how it's supposed to be to invest you know you're not supposed to be able to just buy any any old stock symbol that just happens to be popular and double and triple your money in a few months it was just absurd so I honestly do think it was a blessing in disguise because protected me from later losing a lot of money but even more than that you know it forced me into and search for things which I hoped would continue to work after the internet bubble burst I was on a constant search even when I found my first strategy I was very insecure that I wouldn't be able to keep making money trading you know that there was this constant feeling like this is easy now because you know because at the detect bubble so you were sort of asking yourself when of the good times going to come to an end yes so you know I wanted to learn how to trade I really wanted to know how to do it and to be able to do it once madness was over so even as I was making money I was constantly almost obsessively researching you know looking for the next strategy which you know could save me when this all came to an end so I mean I think that early attitude you know is really what made me into what I am today you know in the sense that I didn't I didn't feel comfortable resting or just because I was making money like okay now I know how to trade and you know in that day you know I was constantly studying and looking for new things and the trading became my full-time job part my part-time job became researching technical analysis and testing systems and plowing through data looking through how insider sales you know affected stocks and how analysts you know like when they made calls like and how stocks reacted just looking at everything I could think of and try to figure out like you know how do you take this data and turn it into something which can predict what stocks going to do so you mentioned that you were rewarded with some early success in your trading which probably helped propel you forward in terms of growing what you were doing and scaling it when exactly was it that you realized you were pretty good at this and that it was a possibility that you'd be able to do this full-time for a living I think there are two answers to what you're asking the first one is when did I decide that that's what I was going to do in other words make a living out of that I decided that one that was making more money trading than my previous business so my intent in the very beginning was to go back to building swing sets you know I didn't start off saying to myself okay here's my new career you know my thought was I'm going to make some money trading when the winter is over in the snowmelt so I'm going to go back to building swing sets and you know I have my phone and make some money and you know maybe I'll do it again the next year but it didn't really occur to me to make it into a full time endeavor perhaps in the back of my mind I hope that but you know I didn't really actually think it you know until spring came and I was making a lot more trading and enjoying it and I didn't really make the decision I just simply never went back you know what I mean I never sat down one day and said okay today I'm going to decide I just kept trading you know because when you make more money doing it and you love it just kind of hard to stop so you know the other half of the question when did I know as good at it yeah it's obviously something that you're very talented at when did you realize that yourself yeah that I I didn't actually I think the first time I really really felt that in a strong way was in 2007 so for years I mean I actually made really good money even my first year really in your first year that seems to be pretty uncommon what were your results like in 99 I'm if I recall I made some around $700,000 which White's or twenty-five thousand to seven hundred thousand in your first year yes and I knew there was something special about that on the one hand but on the other hand I knew it was the internet bubble and I still had you know this is incredible insecurity that this was not because I was anything specials because the market was just absolutely insane and the next year I still felt that way even though you know the next year I made even more and you know I kept thinking to myself okay you know there were several metrics I kept looking at most traders don't last two years so when I lasted more than two years you know that I start okay maybe that means something as I kept trading I mean it was really hard for me to really feel that high level of confidence and I think that it was a blessing in disguise because even as I was doing well it's like an insecurity that drives you to try to do better and I kept trying to learn more and research more and find new systems new strategies and test ideas and you know I mean it was just I didn't stop doing that even as I was making really good money which it may seem really odd but in 2007 I remember a particular moment when I was feeling really frustrated as probably having a swamp you know I don't know what it was you know maybe I'm one there too or just wasn't making a whole lot of money I don't think actually losing much but you know yours going through a dry spell words are questioning whether you know you're gonna be able to keep doing it if you're not making money and at a frustration there came a moment where a couple hours after the open and that you know I just decided I'll leave it for the day and I'm not doing anything and there's just no point in this and I need a mental break well I broke my laptop out of the kitchen and you know I was doing other things I remember taking a glance at the screen and was briefing calm that was up and you know I'd no intent to trade or anything I was just taking a glance this is a few hours later in the afternoon at that point and it was very strange because remember seeing some kind of headline and I had just had this moment where I read the headline and I just had this clarity or is this like oh that's a bye it was just like this very strange moment of you know I wasn't looking to buy it I wasn't going to but yeah it was almost like were the intuition after all those years of studying finally kicked in and that memory sticks with me because I remember that was a real turning point in my confidence because in retrospect obviously it was a great buy it was it was like that moment was like you know what maybe I do know how to trade because you know it's like it's like you finally reached that level where you realize okay so it's like other people reading the headline we're just sort of staring at the words but when you read the headline you could see the meaning radially yeah yeah that's really what happened I mean I made great money for all those years but yet there was still that moment where it's like all that lack of confidence and insecurity you finally reach that point was just like okay you know maybe I have arrived maybe but you know how to trade because you finally start to read the market at a higher level so obviously having started with 25 grand and now making several million dollars a year you must have scared what you were doing considerably to get up to those numbers he talked to us a little bit about your strategy around scaling your operation to be able to get into the big box well I come from a background of systems trading my whole approach in the very beginning was I always wanted to find a mechanical system you know almost like the Holy Grail trading if you can find you know this magical method of putting numbers into a computer and having it tell you when to buy and sell you could essentially retire you know just have the computer make your trades for you and much of my research the first few years of my trading was based around that approach but that mentality is what shaped my trading today so much of it came from that approach of trying to think more mechanically or thinking like a computer program versus thinking like a trader would you know where I try to make things more automated so from the very beginning you know when I looked at my very first system that I developed when I started it was always an interesting exercise for me to put hypothetical account into a spreadsheet and see how it would grow looking at the amazing power of compounding so you know if you had a system where you could find one trade per month that made 10% you traded a 50,000 dollar account for five years your account after five years would be worth fifteen million you know it's mind-boggling how much compounding works of course applying that to real life doesn't quite work the same but the appeal of that always made me think in terms of maximizing the account to compound the return it never occurred to me in the beginning that you know you should just try to make a certain dollar amount per day or you know per trade it always just seemed to be natural to put all your money into an in a strategy or a system and compound as much as you can you know it seemed to me like to worth it like in the beginning you know to risk the $25,000 I started with if you put in the results and you see that after several years that could turn into Millions oh I'm willing to risk $25,000 for that especially if the odds are in your favor and apparently that's not how most people think you know and you know from my point of view I find it quite interesting that it almost seems like these are opposing personality traits on one hand you were very nervous and lacking a lot of confidence from your own trading but on the other hand you were compounding your size all the time yeah it's your point I guess that's true I mean I think on the one hand they go together very well because if you lack confidence you know you want something which takes away some of that decision-making and yeah on the other hand I could see why you'd be less aggressive but if you have faith in the system that that takes away that confidence factoring so now that I guess you're at the very top of the mountain in terms of trading experience and expertise to find it difficult to find valuable additions to what you're doing in terms of valuable content or infamy or mentors so to speak well you know when I first started I read a lot of books and it was the early days of the internet so there weren't too many trading services I was aware of in the beginning Bobby there a lot of them today but no I I did try different strategies I read a lot of different books and I would subscribe the different services as I found some that you know seemed like they had some merit you know the truth is for the first ten years of my career I never found anybody that had any value and everything I ever learned about trading that worked came from stuff I discovered on my own so I never had much need for learning from others I have since then found some people you know who I do think have some solid ideas and you know you can learn from but because it's never been a strong part of how I would learn new ideas and broaden out my strategies it was never a factor so so what was it about Nate and investors underground that attracted you to the service well a few years ago I heard of investors underground and I have tried many different services over the years and whenever I hear of one where you know it sounds like you know there might be something there I love to give it a try and unfortunately probably 95% of the things that are out there are garbage are useless so I had the same skeptical attitude of most of them worrying I'll try it for month and you know almost automatically I'll end up canceling it but with Nate's service it may have took me a little while to really catch on what was going on because his trading style even though we have a lot of overlap you know we trade a lot of the same symbols but his approach is a bit different than mine but I think early on you know there were probably some penny stocks that we were both trading where I think what caught my eye was some of his commentary I think Nate is very talented when it comes to some of the penny pumps you know I'm thinking of the LAX cheese and jam and Java you know some of these stocks that since she went down into the Hall of Fame of penny stocks I remember on some of those Nate had some phenomenal commentary you know which probably saved a lot of people a lot of losses by keeping them shorting too early or from keeping them from buying after the thing was ready to implode and something along those lines I'm sure stuck with me and resonated because you know even though I've made a lot of money trading those types of stocks I'm honestly not an expert so I'm sure there was something back then the added value to my trade and that's what caught my attention and you know and sometimes with someone like Nate you have to give the strategy a chance so to speak even though on the surface sometimes a lot of his trade don't make sense to me because we have a much different style sometimes if you you know just give it a chance and try to actually slow down and watch what he's doing rather than interpreting it through the usual way that you approach it you start to realize that he doesn't know what he's doing it's just different and I watched his DVD a few months ago even though I've already been in his room for a while you know that added tremendous value even if I didn't start trading his strategy you know now I understand it that much better and I just think it always helps to have one more who'll in the toolbox or even just one more perspective on stock you know just one more way to perceive you know a setup which maybe you're trading a stock and he's entering at a very similar time to you and even though you both have a different approach to it it's still helpful to see why was he trading it because he's looking for some completely different than main yet we're both entering at the same time that must mean something you know and it does add value in that way so yeah I would say after being in nature for a few years now I think it's the best room that's out there you know as I said I've tried many different services and there are very few I'd recommend to anybody I mean I think most of them are just useless natives certainly an exception to that and I think with night leading by example and encouraging that sharing and supportive vibe in the community really means that everyone shares the same manager in the room and sometimes I think to myself where else in the world can you get a situation where people who are at the very top of their game are willing to share information for next to nothing it just doesn't exist anywhere else in the world where super successful people are happy to share the secrets to their success for the betterment of the community I would have to agree I think sometimes it perplexes the mind a little bit why would a good trader be willing to be open and free with his ideas and you know I think what it boils down to is one of the core things about Nate's room is community there is a strong sense of community it's something which I've learned I've been questioned occasionally by friends or people that know me pretty well say you know why would you go to your way to help somebody you know in that chat room or one question like why would you take your time to help someone and at first I would agree gee why would I waste my time doing that it's not someone I know it's not someone I care about but the amazing thing is trading is a small world and I can't tell you how many times you start out by either helping someone or just being friendly for the sake of being nice you know with no reward in sight and it does come back full circle I'm really surprised by that how many times someone who you helped a year ago you know you meet them later on and now you're in a position where they can help you in some way whether it's passing along some information about a stock or just giving it referral to something which ends up being very helpful or just someone else's good word being said about you which then helps get you elevated in some completely different circles but you know what I mean like where it all comes around and it's amazing and I'm really surprised by that community aspect I never would have thought it would be you know I'm an online community you know you would think with the you know people having usernames where they're anonymous and you know it's like who would care to be nice on in that kind of environment you know it kind of defies logic but yet it's there and perhaps it's not true in all Internet chat rooms but it's I think it's a one the best features of nature room which is there are just really good people there what is the number one sort of question that trade has asked you when what do you believe is you know your answer to that um I think there are more question I get how are you doing today everyone wants to be your friend right right now what are you trading and can you just let me know each time you enter and exit a stock place yeah you know I'm not sure if this would be the number one thing but I'll tell you the one thing that sticks out the most in my mind which is pretty common is people often will overcome their shyness and fear of speaking to someone they don't know when they're in trouble so therefore it is somewhat frequent where someone reaches out because they're having a problem and often that problem is because you know that they're underwater in a stock in a position that's too big or perhaps they're just in a horrible trading slump you know where they've just been losing money over and over and over now that you know they're reaching out the desperation motivates them to come out of their shell often when you're in that position you don't really care anymore it's like well maybe this guy will be rude to me but heck you know and they click on your name and they're like hey can you help me out honestly sometimes that's the most enjoyable problem to help people with not because you're glad they're suffering in that way but because if you can help them you know there's certainly some enjoyment you know in helping some in that way you know right and that's when you've got the opportunity to make the most profound difference right you know if you help someone who's already having success and they get more success it's like you're not making as profound a differences if you're helping someone out who is struggling and you're able to turn them around yeah absolutely yeah I mean if I help bow out with something I mean he's a friend he's a great guy but you know it next to your bow came to me and said you know that basic give me help me make another thousand this year I mean I'm sure we feel good but it just wouldn't quite be the same as getting that feedback from a guy who goes I was about to call it quits and you know move on to a different career and you say me and now I'm a traitor and I love it and this is like the best thing in my life like right I trust me now doesn't need any more money okay yeah yeah I know so I guess a lot of the time people heating you up when they're not doing so good yeah I mean I think it's when they're on a slippery steep slope heading towards the bottom you know they're either about to blow up their account or they realize they're on that path and even if it's not Iran just blow up that they're destined to you know they sense the great trading experiment coming to an end you know and there it is reaching out like you know they're trying to salvage what they have Brian sometimes it can be a bit of a tough market out there so from a personal standpoint what kind of goals do you set for yourself in terms of your trading and how do you kind of track your level of success if you look at the traders in Jack Swagger's market wizards and the obscene amounts of money some of those guys have made over the years you know I mean anywhere from 10 million to hundreds of millions and then you look at the internet culture especially back in the good old days on message boards were the hot way to communicate everybody would talk about how much money they're making and everybody's making tens of thousands of dollars hundreds of thousands I mean everybody's a millionaire on the internet and I'm naive of course and I believe a little bit too much of it so I have all of these numbers plan in my head so when I started trading the bar as far as you know what I thought a successful trader would make was very high and it's amazing how much that can change your psychology you tell someone in sales that you know a good salesperson at our company makes half a million a year then the fact that makes two hundred thousand you know he's going to have low self-esteem you know he's going to think there's something wrong with him if you later revealed that you were just kidding and the average sales guy makes a hundred thousand a year he just blew away the average and that concept is a lot of what drove my trading until recently I always had the impression that good traders were making far more money than me and therefore when I started on profit Li a few years ago I joined when there were not very many members I don't remember it's probably over a hundred members when I signed on I thought if this profit Li website where you report your profits if it's ever going to take off which it did I mean I really honestly never even gave myself a chance I automatically assumed I'd be bumped off the top ten in no time you know assuming traders show up and honestly that was the first time I realized that my profits were something special like actually really good I swear to you it up to then I'm not trying to say I didn't think I was successful I absolutely did but there's a difference you know I was still comparing myself you know so these guys in the market wizards books you know up until very recently I had not made more than two and a half million in a year I have fortunately surpassed that more recently but you know what I mean like up and you know for more than ten years of my career like I never surpassed that so you know measuring myself to these standards which you know we're constantly out of reach so I just kind of assumed like well yeah I'm pretty good that that was where it ended and part of the point here to make though is I think it's actually more important not to focus on my story to make a point here but on the example the salesperson if you come into trading thinking that you know making five hundred dollars a day is awesome and you're going to be happy with that for the rest of your life that will have an impact on the results if you go into trading thinking that you need to make ten million dollars a year that psychology that attitude of just it really is a big part of your subconscious of driving you towards your trade size and your risk tolerance if you forever think that $500 is a huge deal you know you're always going to be scared of losing 500 you're always going to be you know thrilled to make 500 and it's not necessarily a bad thing it's not bad at all if that's what works for you but the point is is that you know if you want to make millions which is what some people in trading you know are striving for then you have to have the ability to think in those terms you know you can't be amazed by a few thousand dollars you want to become a millionaire you know you have to think and act like a millionaire in order to ever get there making fifty thousand dollars from time to time on a single trade is to be expected you know it's almost like when you see people high-five each other especially when you watch an NFL game you know you see these guys sometimes make a touchdown and I mean sometimes their response the most comical like it's sort of like this shocked or surprised yeah I mean like like like five minutes of celebration but it goes back to you know the the saying like act like you've been there before even if this is your first NFL touchdown which most these guys it's not you know act like you've been there like if you're trying to say to the world I expect to do this frequently then you shouldn't be acting like you just won the lottery by scoring a touchdown likewise with making $50,000 now I'm not trying to say the first time you make $50,000 you shouldn't celebrate but stop acting like a big deal you know if you want to be a millionaire and make a million trading at some point in your life you're going to have to save yourself I need to expect this to happen you know I need to expect to make that kind of money from time to time and I need to also be able to understand that losing $10,000 while that can absurd amount of money in the real world to just you know throw round and lose in a day in trading that's a normal amount and it's to be expected to make and gain those kinds of you know that amount of money if you're at million dollar stakes right yeah yeah so I mean I think that psychology plays a huge part of your level of success it might not change a whole lot whether or not you're going to be good or bad or whether or not you're going to make it but it will change whether or not you're ever going to make it big I mean Nate is awesome I love everything that Nate does but the one I notices he does have that sense of when an account gets too big he wants to pull some money out so he doesn't quite do what I'm saying because he hits the reset button to him when the trade start to get too big you know he doesn't feel comfortable with it and there's nothing wrong with that but if you ever want to get to that level where you're making huge bucks there needs to become a point where it's no longer special to make that kind of money and you've got to expect that on your growth to larger numbers that you know it's not anything extraordinary this is a part of the process of becoming a good trader so the profit laïcité I finally found out that you know yeah it's pretty rare to make two or three you know five million in a year but I still sometimes look back at the market wizards and that always puts it back in perspective you know it's like yeah I do pretty good as a day trader but you know what there's still guys that kick my butt so I also feel like you might have been making some kind of commentary at the same time while telling the story about the NFL players about some of the guys or other gurus on Twitter maybe making one good trade just given hi-5 so the rest of the trading day not doing anything else I know yeah I've always been very reluctant to celebrate in that manner and it amazes me how much some people seem to get a kick out of the celebration and the congratulations that follow the trade almost as if that's more important than the money you just made or what's even more amazing than that is when people want to be given a pat on the back on Twitter or wherever else because they called the bottom on a stock this is like wait a minute did you trade it did you actually make money on it and I mean I can't tell you any money on the trade and you know what some other guys going on about you know all I called the bottom on that one and I'm like you know I guess he he had a better entry than me I didn't get the bottom but the guys all excited cuz he only made like $200 and then he didn't even verify the $200 anyway right yeah that too so I know that you've been pretty involved in the traders for a cause charity that Nate founded earlier this year and I understand that you're also going to be speaking at our first event in Vegas early October tell us a little bit about your involvement in this charity and what the plan is for the three-day of and yeah you know this was Nate's idea to start traders for cause a charity essentially run by traders and I think it's a wonderful idea for traders to give back something I believe strongly in so when I first heard this idea you know it didn't take much to convince me to participate so Nate you know asked me to volunteer to serve on the board which I gladly did you know it's just it's a new organization you know just start it up and yet we're off to a great start you know with this event coming up in Vegas it looks like we're going to have a tremendous turnout you know and I think Nate and Zach and you know some the other guys that are organizing this event are doing a great job it looks like you know we got some real good speakers lined up but besides just this event you know the whole idea of trader is giving the charity I think this is something which there is a little bit more attention you know because we live in a world here us traders you know where there is just so much money circulating and you know where there's almost a disconnect with us and the rest of the world there's so much need and so many people that have so much less than us you know as traders consider how much money you know some of these guys make and then you compare that to you know some of the poverty in the world and you know and some of the the issues that you know some people deal with I just feel like the whole idea that you know we should remember that you know there's there are a lot of people less fortunate than us we can all obviously give to charity at any time but the idea of a charity run by traders I think that helps put some emphasis back on that you know whole philosophy it's something I deeply believe in so you know I hope this is the beginning of something much bigger you know I mean we're off to a great start but you know I'm hoping that this organization you know it's just the start of a long term operation which can really not just generate money for charity but you know but educate traders on you know on the fact that giving back is very important and thinking of others and causes you know that that are out there in this world you know helps put some perspective back in our lives about you know what's really out there the wild world of finance where you know where it's all about the B now exactly you know I mean it's it's great fun for us to to count the cash but it really is so much more to life and so much more into this world than just making money and having money you know money can't buy happiness right we know that but money can buy you the ability to help others and I mean if you think about that that's powerful so you know never mind the Lamborghinis and you know fancy mansions all that you know I mean that's fun stuff but that's never going to buy you happiness but I'll tell you what you know if you give to someone who really needs something and you know you end up you know saving a licen in the process I mean that that is meaningful and that's what money can do if you think about it so that's something we should all keep in mind I really agree with that sentiment so Greg tell us about where you see yourself in the next five years in terms of your trading and achieving a balance in life yeah you know cam for the next five years I plan to continue trading yet you know I hope to strike more of a balance in life and take a little bit more time off have some more time with family and a little bit of traveling the same time you know I'm plan to be to diversify a little bit into some other investments some of that we're already working on now but you know there's some other projects I want to do and I'm also looking into helping some others you know in teaching my brother-in-law had to trade I think with time I'm probably want to get a little more involved on the people side of things not just trading stocks and accounts but doing a little more time you know helping others well Greg I really think that you're a huge asset to the investors underground community and I know that everyone appreciates or the input and help that you give to the members there and I also want to thank you for sitting down and spending the time with us today to help our members and our YouTube subscribers understand a little bit more about your story all right thank you camera enjoyed it too so life talking to you thanks again

Channel: Investors Underground

Views: 71,544

Rating: 4.9165797 out of 5

Keywords: Investors Underground, Trading stocks, learn to trade, Nathan Michaud, short selling, day trading, profit, trading lesson, investorslive, how to invest, how to trade, trading penny stocks, trade stocks, trading interview, interview with traders, elkwood66, elkwood, eric wood

Id: YVVZ6EwkWhs

Length: 37min 56sec (2276 seconds)

Published: Tue Sep 16 2014