{"id":1107,"date":"2018-07-23T06:00:07","date_gmt":"2018-07-23T13:00:07","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=1107"},"modified":"2019-04-05T12:03:34","modified_gmt":"2019-04-05T19:03:34","slug":"ep-49-new-millionaire-mark-croock-p2","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-49-new-millionaire-mark-croock-p2\/","title":{"rendered":"New Millionaire Mark Croock Part 2"},"content":{"rendered":"\n<div id=\"backtracks-player\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-49-new-millionaire-mark-croock-p2\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n\n\n\n<p><span style=\"font-weight: 400;\">Last week, hosts Tim Bohen and Stephen Johnson began an interview with the incredibly talented (and new millionaire) trader Mark Croock. Part 1 of the interview focused on Mark\u2019s backstory, beginnings as a trader, and some of his trading philosophies.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In this week\u2019s installment, you\u2019ll learn how Mark\u2019s trading style has changed over the years, what about the market has him excited these days, and several vital tips for traders who are just starting out. <\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>RIP Pump &amp; Dumps <\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">As discussed in Part 1 of the interview, identifying pump and dumps as opportunities to sell short was how Mark initially began to profit as a trader. Of course, this was in 2010, or during what host Tim calls the \u201cgolden age of shorting junk\u201d.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">The fact is, a new trader couldn\u2019t hope to replicate Mark\u2019s early success today, because the market has changed. These days, pump and dumps aren\u2019t presenting themselves in the same ways as they used to. The golden age is over; the market has shifted, and Mark had to shift his approach, too.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>What now? <\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">What sectors of trading are exciting to Mark these days? In the episode, he speaks with Tim and Stephen about some of his current trading setups and what is working in the market right now. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Mark, Tim, and Stephen also discuss the overall importance of finding an edge when trading penny stocks, and the importance of monitoring stock moves for just about any setup. <\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>Mark\u2019s big lessons for new traders<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">To close out the interview, Mark imparts some wisdom to new traders. Here are some of the bullet points you\u2019ll learn more about in the episode:<\/span><\/p>\n\n\n\n<ul><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Restraint is key. Sometimes the best trade is no trade. This is one of the most important trading lessons you can learn! <\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">What is the ideal number of trades someone should be taking? If you ask Mark, it\u2019s less about a number and more about finding that perfect setup. <\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Trading is only a small part of the process. Pushing the order button only takes a moment, but a lot of the legwork is research and education. This makes it extra important to focus on your studies.<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Timing matters in a big way. In terms of trading, aim for the morning and the evening, and be cautious in the middle of the day when there is less in play. <\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Technical analysis is so important. Trading is a game of risk and reward, so it\u2019s vital to do all of the research you can to determine whether or not your potential trade is a good idea. This is the difference between a risk and a calculated risk.<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Education is so key to success. Continuing to learn from mentors and lessons is important, even when you begin to profit as a trader. Possibly even more important, because it helps you remember the vital basics that keep you trading responsibly.<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If you\u2019re trading with a small account, be smart. Don\u2019t take huge positions and don\u2019t be a bag holder! In the episode, the hosts and Mark discuss specific tips on how to trade smarter with a small account. <\/span><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><b>Mark\u2019s resources <\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Mark also offers advice and tips for new penny stock traders. He dishes on his specific picks for resources for new traders to start, from the Tim Sykes DVDs to videos and webinars and video lessons. <\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>Mark\u2019s final thoughts<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Moreover, what Mark wants to impart to newbies is that you don\u2019t need to be a genius to be a brilliant trader. It\u2019s more about sticking with it over time. Few people have the massive amount of willpower required to make it through the years of studies and trials and errors necessary to find success, but for those who do, there are many rewards.<\/span><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><b>Got questions?<\/b><\/h2>\n\n\n\n<p><span style=\"font-weight: 400;\">Do you have a question for Mark to expand upon, or about trading in general? Visit the <\/span><a href=\"https:\/\/www.steadytrade.com\/submit-your-audio\/\"><span style=\"font-weight: 400;\">\u201csubmit your audio\u201d<\/span><\/a><span style=\"font-weight: 400;\"> portion of the website to ask us anything. You may be featured in an upcoming episode. &nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">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<p><b>Did you love this episode? Be sure to leave an <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><b>iTunes review<\/b><\/a><b>! <\/b><\/p>\n\n\n\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" width=\"1080\" height=\"608\" src=\"https:\/\/www.youtube.com\/embed\/Fl3UtPz7qVY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Last week, hosts Tim Bohen and Stephen Johnson began an interview with the incredibly talented (and new millionaire) trader Mark Croock. Part 1 of the interview focused on Mark\u2019s backstory, beginnings as a trader, and some of his trading philosophies. In this week\u2019s installment, you\u2019ll learn how Mark\u2019s trading style has changed over the years, [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":1108,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New Millionaire Mark Croock Part 2 - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"Ep 49 \u2013 New Millionaire Mark Croock \u2013 P2. Last week, hosts Tim Bohen and Stephen Johnson began an interview with the incredibly talented (and newly minted millionaire) trader Mark Croock. 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