{"id":1470,"date":"2018-11-19T07:00:51","date_gmt":"2018-11-19T15:00:51","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=1470"},"modified":"2019-04-05T11:57:05","modified_gmt":"2019-04-05T18:57:05","slug":"ep-72-how-mason-fecht-made-200k","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-72-how-mason-fecht-made-200k\/","title":{"rendered":"How Mason Fecht made $200k**"},"content":{"rendered":"\n<div id=\"backtracks-player\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-72-how-mason-fecht-made-200k\" 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;\">At the SteadyTrade podcast, hosts Tim and Stephen like to put an accent on the \u201csteady\u201d part of their approach to trading. That being said, sometimes they like to feature exceptional traders to inspire you on your journey.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">21-year-old trader <\/span><a href=\"https:\/\/profit.ly\/user\/mason_fecht\/blog\/0-to-150k-profits-in-2-months\"><span style=\"font-weight: 400;\">Mason Fecht<\/span><\/a><span style=\"font-weight: 400;\"> has had a very impressive few months. Or, as Stephen puts it, he\u2019s \u201cexcelled like a mofo.\u201d &nbsp;<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">A relative newcomer to trading, things clicked for him in a big way recently and he reports that he\u2019s made over $200K in the past few months!** <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In the episode, you\u2019ll learn more about Mason\u2019s approach, what works, and how you can use his methods to your own trading advantage. <\/span><\/p>\n\n\n\n<p><b>Mason\u2019s Story <\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">What were you doing when you were 16? Well, while Mason was still in high school, he began to take an interest in the stock market, meeting with a financial planner and beginning to learn about market mechanics.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">He didn\u2019t take action until his freshman year in college, when he chose a stock that he liked and got a big return. This is what kicked off his trading career in earnest.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">First, he dabbled in options trading because he knew it was a potentially great way to grow an account exponentially. He turned $10K to $70K in a short period of time but eventually ended up losing the majority of his account. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">It was time to learn the rules, he figured. He found Tim Sykes and became hooked on the videos. He joined the Trading Challenge in short order, seeing it as the fastest way to attain his financial goals. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">He went in full throttle, studying for an incredible 12 hours a day to gain trading expertise. And yes, he watched Trader Checklist in its entirety, all 11 glorious hours of it. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In this episode, you\u2019ll learn how and why things started to click, and how Mason overcame his issues with risk management to find trading success. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">You\u2019ll also learn more about his chosen sector, which is ultra-hot marijuana stocks. His average gain is now 40-50%!** <\/span><\/p>\n\n\n\n<p><b>Mason\u2019s Methods <\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">In the episode, Mason gives his key \u201cingredients\u201d for trading setups: <\/span><\/p>\n\n\n\n<ul><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">A breakout hitting new highs over daily resistance levels with a substantial volume in the past. <\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The first green day from a former runner with news, strong volume, closing near its highs<\/span><\/li><\/ul>\n\n\n\n<p><span style=\"font-weight: 400;\">But as Stephen says, \u201cYou make it seem so simple, so what do you have that we don\u2019t?\u201d <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Mason explains how things really can be that simple if you don\u2019t let external cues overwhelm you. He also explains his KISS (keep it simple, stupid) mentality and how to avoid the common obstacles that get in your way as a trader. <\/span><\/p>\n\n\n\n<p><b>Mason\u2019s Advice <\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">How can you channel your inner Mason and get ahead as a trader?<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Mason adheres to a concept he learned from the Dalai Lama: Learn the material, understand and comprehend, and make it instinctual. <\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">First, set up a strong foundation. Mason has a successful trading system. But before he established that, he set up a successful learning system. You need to understand the patterns first, and you gain this understanding through study and practice.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Mason suggests starting with paper trading and getting to a point where you\u2019re good at virtual trading before live trading. He explains how to get started trading, and the best way to build up incrementally.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">When it becomes instinctual, that\u2019s when you can trade successfully! <\/span><\/p>\n\n\n\n<p><b>Mason\u2019s Rules<\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Mason also shares some of his rules for successful trading, including: <\/span><\/p>\n\n\n\n<ul><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Cut losses quickly. You\u2019ll also learn why the entry is the most important part of the trade! <\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Take a step back. Look at the big picture. Don\u2019t count your losses or profits until you\u2019ve taken everything into account.<\/span><\/li><li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Master the market psychology. Learn why understanding what all players are thinking is the secret to mastery in the market. <\/span><\/li><\/ul>\n\n\n\n<p><b>Got Questions? <\/b><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Do you have a question about trading for Tim and Stephen? Visit the \u201c<\/span><a href=\"https:\/\/www.steadytrade.com\/submit-your-audio\/\"><span style=\"font-weight: 400;\">submit your audio<\/span><\/a><span style=\"font-weight: 400;\">\u201d portion of the website to ask us anything.<\/span><\/p>\n\n\n\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade Podcast. Stay tuned for weekly episodes featuring the hottest topics for traders of all levels.<\/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\/Oa3UPDhhXRY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>At the SteadyTrade podcast, hosts Tim and Stephen like to put an accent on the \u201csteady\u201d part of their approach to trading. That being said, sometimes they like to feature exceptional traders to inspire you on your journey. 21-year-old trader Mason Fecht has had a very impressive few months. Or, as Stephen puts it, he\u2019s [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":1474,"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>How Mason Fecht made $200k** - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"At the SteadyTrade podcast, hosts Tim and Stephen like to put an accent on the \u201csteady\u201d part of their approach to trading. 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