{"id":2555,"date":"2019-11-19T09:00:38","date_gmt":"2019-11-19T17:00:38","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2555"},"modified":"2019-11-20T10:46:29","modified_gmt":"2019-11-20T18:46:29","slug":"dom-mastromatteo","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/dom-mastromatteo\/","title":{"rendered":"Getting Over the PDT with Dom Mastromatteo"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-124-getting-over-the-pdt-with-dom-mastromatteo\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p><span style=\"font-weight: 400;\">Here at SteadyTrade, we like to interview successful traders from the community. It\u2019s our way of offering inspiration for new and aspiring traders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can\u2019t really copy successful traders to hit their marks \u2014 it just never really works out. You have to find your own strategies and path in the markets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But you can always learn a lot from established traders. It\u2019s part of how you discover different trading approaches. And you can use the successes and failures of more experienced traders to help you can shorten your learning curve.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today, host Tim Bohen interviews up-and-coming trader Dom Mastromatteo.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dom (<\/span><a href=\"https:\/\/profit.ly\/user\/michaelGscott\"><span style=\"font-weight: 400;\">@michaelgscott on Profit.ly<\/span><\/a><span style=\"font-weight: 400;\">) is still in his twenties \u2014 and killing it in the stock market. He\u2019s only been trading for a few years but he\u2019s already earned six figures in profits!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the interview, Tim and Dom talk about all sorts of trading-related topics that you won\u2019t want to miss, including why trading is superior to the traditional 9\u20135 job route, what kind of setups he looks for, the value in having trading buddies, and the importance of staying humble.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Psst: Love this interview? Check out SteadyTrade\u2019s interview with another inspiring young trader (and Dom\u2019s trading BFF), <\/span><a href=\"https:\/\/www.steadytrade.com\/jack-kellogg\/\"><span style=\"font-weight: 400;\">Jack Kellogg<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Dom\u2019s Story\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It all started when Dom was near the end of his college career. He knew he didn\u2019t want to pursue a conventional 9\u20135 job &#8230; But as graduation drew closer, he didn\u2019t see any other options.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That\u2019s when inspiration struck. While Dom was watching YouTube to catch up on a class, something caught his eye. A Tim Sykes video popped up on his \u201cwatch next\u201d list.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He took the clickbait and watched an interview with Sykes on The Steve Harvey Show. Before he knew it, Dom was down the penny stock wormhole with penny stocks. And that led him to decide that this was the thing to help him escape his 9\u20135 fate.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Total Trading Immersion\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In 2016, Dom joined the Tim Sykes Trading Challenge.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A health issue forced Dom to take a break from school and just about everything. Suddenly, he had plenty of time on his hands &#8230; So he dove into his trading education, learning everything he could.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Hitting His Stride<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">After about 10 months of all-in studying for 12 to sometimes even 17 hours a day, things started to click for Dom.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Don\u2019t have 10 spare months to totally devote to learning how to trade? Dom\u2019s devotion isn\u2019t necessarily standard. In the episode, Tim and Dom talk about smart approaches for traders who might have to learn on a more part-time basis.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Dom shares how he began to find patterns that worked for him and how he decided to focus on OTCs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He spent a lot of time learning and not trading, but he was frustrated sitting by while others were getting rich on pot stocks. He still wasn\u2019t earning anything.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The good part? Now, he was educated, and when the second wave of pot stock mania hit, he was ready. He explains how he started to execute successful trades and \u201cmaking 500 dollars over and over and over.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019ll also learn what he cut out of his trading routine in favor of focusing on what worked to stay consistent!\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Moving Forward<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In the interview, Dom Mastromatteo explains how his trading has progressed. Here are some key topics he and Tim hit:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Getting over the PDT: <\/b><span style=\"font-weight: 400;\">Tune in to learn how can you do it while positioning yourself to continually improve your education?<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Growing pains: <\/b><span style=\"font-weight: 400;\">Dom talks about what happened when he got away from his sector and niche &#8230; and cautions about the dangers of complacency and too much confidence.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>OTC versus Nasdaq: <\/b><span style=\"font-weight: 400;\">There\u2019s no winner, but some traders prefer one over the other.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Midwest trading mecca: <\/b><span style=\"font-weight: 400;\">Did you know that Dom works out of a trading co-working space in the Midwest? Learn why trading with buddies can be a great approach for the long term and support!<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">What Say You?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Got a question or comment about the episode? Hit us up!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: If you submit a question or suggestion and it\u2019s chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Send questions via the <\/span><a href=\"https:\/\/www.steadytrade.com\/\"><span style=\"font-weight: 400;\">SteadyTrade<\/span><\/a><span style=\"font-weight: 400;\"> website, <\/span><a href=\"https:\/\/www.youtube.com\/channel\/UC5pPaJfbfRHQ1msJ4bSj_dQ\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">, or by <\/span><a href=\"mailto:admin@steadytrade.com\"><span style=\"font-weight: 400;\">email<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\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 aspiring traders.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Love this episode? Please review us on <\/span><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><span style=\"font-weight: 400;\">iTunes<\/span><\/a><span style=\"font-weight: 400;\">!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here at SteadyTrade, we like to interview successful traders from the community. It\u2019s our way of offering inspiration for new and aspiring traders. You can\u2019t really copy successful traders to hit their marks \u2014 it just never really works out. You have to find your own strategies and path in the markets.\u00a0 But you can [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2566,"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>Getting Over the PDT with Dom Mastromatteo - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"Host Tim Bohen interviews up-and-coming trader Dom Mastromatteo who&#039;s only been trading for a few years but he\u2019s already earned six figures in profits!\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steadytrade.com\/dom-mastromatteo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Getting Over the PDT with Dom Mastromatteo - 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