{"id":1098,"date":"2018-07-16T06:00:17","date_gmt":"2018-07-16T13:00:17","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=1098"},"modified":"2019-04-05T12:03:44","modified_gmt":"2019-04-05T19:03:44","slug":"ep-48-new-millionaire-mark-croock-p1","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-48-new-millionaire-mark-croock-p1\/","title":{"rendered":"New Millionaire Mark Croock Part 1"},"content":{"rendered":"\n
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Today\u2019s episode is doubly exciting. First, Tim Bohen and Stephen Johnson are welcoming guest Mark Croock, a trader who is \u201cthe epitome of steady\u201d and has a lot of valuable wisdom to impart. Second, Mark has a major milestone to share: he just surpassed the million dollar profit mark! <\/span><\/p>\n\n\n\n

In this episode, you\u2019ll hear Part 1 of a two-part interview which will continue next week. In this week\u2019s installment, you\u2019ll learn about Mark\u2019s trading history, what he has learned over the years, and how some of his biggest losses have been his biggest teachers. <\/span><\/p>\n\n\n\n

Mark\u2019s journey <\/b><\/h2>\n\n\n\n

Mark Croock has always had an interest in finance and the stock market. He pursued a degree in accounting from UT Austin because it seemed like a safe bet career-wise. However, when it came time to get a job, public accounting didn\u2019t seem like it would let him live the life he wanted. <\/span><\/p>\n\n\n\n

He began dabbling in penny stocks but didn\u2019t have much success until he discovered the teachings of Tim Sykes. He became a devoted student and famously watched every single video in the Sykes library–twice. As he figured, it\u2019s important to immerse oneself to master the dynamics of the market. That\u2019s how he started to \u201cget it\u201d. <\/span><\/p>\n\n\n\n

Mark began trading in earnest in about 2010, with a starting account of $50k. He was fortunate in that he didn\u2019t have a lot of pressure when he got started. He was single, and he had a decent amount of money in his account. He didn\u2019t feel the rush to make a ton of money, which put him in a good place mentally and emotionally as a trader.<\/span><\/p>\n\n\n\n

Moreover, you\u2019ll learn that over the years, his mentality has been very much slow and steady. As Mark puts it, \u201cI\u2019m certainly not a gunslinger, I just try to take advantage of opportunities and do it in a very consistent, conservative manner.\u201d <\/span><\/p>\n\n\n\n

How it clicked <\/b><\/h2>\n\n\n\n

\u201cEveryone has a first pattern to make money,\u201d says Stephen. What was Mark\u2019s? As you\u2019ll learn in the episode, his initial successes were found exposing pump and dumps, shorting first red days, with 2-3 day parabolic runs being his focus. <\/span><\/p>\n\n\n\n

Short selling<\/span><\/a> was what drew him in; he loved the strategy. As Tim reminisces, 2010 was an exciting time to get into trading, calling 2007 to 2011 or so the \u201cgolden age of shorting junk\u201d. Borrowing was harder back then but shorting was overall easier. It\u2019s not the same anymore: in the episode, the hosts swap stories about the way things were and how they have changed in modern times.<\/span><\/p>\n\n\n\n

While the market conditions change, some things don\u2019t. For instance, Tim, Stephen, and Mark all agree that in trading, timing is everything. <\/span><\/p>\n\n\n\n

In the episode, they discuss how newbies tend to get overly aggressive and impulsive, whereas more established traders can show more restraint and are generally more tactical in their approach. This comes with experience. \u201cHolding and hoping is a big problem for new traders,\u201d remarks Mark. In the episode, he reveals how he began to consistently profit from his trades and shares his advice on how new traders can improve their results as well.<\/span><\/p>\n\n\n\n

Mark\u2019s biggest loss <\/b><\/h2>\n\n\n\n

It hasn\u2019t all been successful ascent for Mark. He has had his share of losses over the years. In the episode, he details the humbling experience of some of his biggest losses, some of which topped $20,000. <\/span><\/p>\n\n\n\n

While losses hurt, Mark shares how he also considers them some of his biggest learning experiences. In the episode, you\u2019ll learn how losses like this have caused him to change his opinion on things like taking large positions. Now, no matter how good the risk-reward may be, he approaches each trade with care. As he puts it, \u201cStaying steady has been the name of the game for me.\u201d <\/span><\/p>\n\n\n\n

Have something to ask? <\/b><\/h2>\n\n\n\n

Do you have a question about Mark, or about trading in general? Visit the <\/span>\u201csubmit your audio\u201d<\/span><\/a> portion of the website to ask us anything. You may be featured in an upcoming episode.<\/span><\/p>\n\n\n\n

Thanks for tuning in to the Steady Trade Podcast! Stay tuned for weekly episodes focusing on topics relevant for aspiring traders! <\/span><\/p>\n\n\n\n

Did you love this episode? Be sure to leave an <\/b>iTunes review<\/b><\/a>!<\/b><\/p>\n\n\n\n

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