{"id":3043,"date":"2020-10-27T14:53:08","date_gmt":"2020-10-27T21:53:08","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=3043"},"modified":"2020-10-27T14:57:26","modified_gmt":"2020-10-27T21:57:26","slug":"ep-171-interview-with-kris-verma","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-171-interview-with-kris-verma\/","title":{"rendered":"Ep. 171: Part-Time Trader to Million-Dollar Milestone: Interview With Kris Verma"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%;\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-171\" 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;\">Kris Verma may be having a red day, but he\u2019s not letting it get to him. In the scheme of things, this short-biased trader reports doing pretty great. He\u2019s only been active in the market for about three years \u2026 and he hit an incredible million-dollar profit milestone in 2020.*<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s every trader\u2019s dream to grow their account exponentially. In today\u2019s episode of the SteadyTrade Podcast, Kris shares all of his trading secrets with co-hosts Tim Bohen and Stephen Johnson.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Are you ready to open up your mind to what trading could make possible?\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Kris Verma\u2019s Story<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Kris can actually sum up his story in a sentence: \u201cIt\u2019s been so surreal.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kris is actually a pharmacist by trade, but he\u2019s always had a side hustle. For many years it was sports handicapping. Until that world changed \u2014 and he lost his edge. So he decided to venture out. When a Twitter follower mentioned trading, Kris was intrigued.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kris says he\u2019s had a long-standing interest in math, statistics, and probability theory &#8230; \u201cSo when trading was presented to me as an option to make money, it always interested me because I always wanted to use statistics to get an edge in the market.\u201d\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Finding His Strategy<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Given his time spent in the sports betting world, Kris Verma thought he\u2019d have a leg up with trading:\u00a0 \u201cI thought it\u2019d be so easy.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not so much. As he puts it, \u201cwith trading, you have so much room for self-sabotage.\u201d He\u2019d never had to learn the emotional discipline before \u2014 and contending with common trading mistakes like bag-holding was a big challenge for him.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">(Note: Want more real talk? Check out <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-167-hard-trading-truths-with-dr-daniel-crosby\/\"><span style=\"font-weight: 400;\">Ep. 167: Hard Trading Truths with Dr. Daniel Crosby<\/span><\/a><span style=\"font-weight: 400;\">.)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the episode, Kris talks about his learning curve \u2014 and the process of figuring out his strategy.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">He started out as a long trader buying bounces before switching to the short side of things. But he\u2019s quick to admit that short selling isn\u2019t necessarily for newbies: \u201cIt\u2019s not as easy as us short sellers make it out to be.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It didn\u2019t take Kris all that long to go from a total newbie trader to what Stephen calls \u201ca monster short,\u201d but that doesn\u2019t mean the journey has been totally smooth. Wanna know more? He&#8217;s totally transparent about his wins and his losses \u2014 <\/span><a href=\"https:\/\/twitter.com\/KrisVerma88\"><span style=\"font-weight: 400;\">follow him on Twitter<\/span><\/a><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Adapt or Die\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">For some traders, 2020 has been a banner year. For others, it\u2019s been full of despair.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One big difference between these two camps? The ability to adapt.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A year ago, the market was a very different place. Now, the volume and volatility \u2014 particularly for small-cap stocks \u2014 is unlike anything traders have ever seen.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This isn\u2019t necessarily a bad thing. However, it does require changing one\u2019s strategy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kris explains that there are new patterns now. The whole landscape of trading is new. He talks about how he\u2019s adjusting his criteria to trade appropriately in \u2018the new normal.\u2019<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Kris Verma on Hitting the Million-Dollar Mark<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">How has hitting the million-dollar mark changed trading for Kris? It hasn\u2019t all been good &#8230; He admits that he\u2019s had some of his biggest losses since then!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aspiring traders won\u2019t want to miss the frank discussion of the trouble with sizing up \u2014 your winners may be bigger, but your losses are, too.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Plus, right now is a very challenging time for short-sellers. The market\u2019s dominated by longs in late 2020, and shorts are being massacred according to Stephen.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kris talks about the ebb and flow of the market and how things even out eventually. The question is whether you can be patient enough to wait it out&#8230;<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">What\u2019s Your Edge?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">According to Kris, too many traders just want to make a quick buck. \u201cThere are more profitable strategies than traders who can execute them.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">His edge? Meticulous planning. Learn why he doesn\u2019t make any important decisions on the fly. And find out how he stays safe by making every decision and determining all entry and exit points before he gets into a trade.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Or as he puts it, \u201cIt all comes down to following your plan in the heat of the moment.\u201d\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Trading: A Science or an Art?<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Lately, Stephen\u2019s been all about the science of trading with <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-169-tracking-data-asking-questions\/\"><span style=\"font-weight: 400;\">his data tracking<\/span><\/a><span style=\"font-weight: 400;\">. But he believes there\u2019s an art to it too \u2014 and that <\/span><a href=\"https:\/\/www.steadytrade.com\/ep-151-jason-apollo-voss\/\"><span style=\"font-weight: 400;\">intuition matters<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Not so much for Kris Verma who says, \u201cthe numbers need to dictate my actions.\u201d He has many data points to back up every action.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kris explains his specific process for choosing stocks and his entry and exit points. Seriously, you can\u2019t get this kind of advice for free anywhere!\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Got Questions?\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Did this episode get you thinking? We wanna hear what\u2019s on your mind!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: if we select your question or comment as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on <\/span><a href=\"https:\/\/www.youtube.com\/user\/stockstotrade\"><span style=\"font-weight: 400;\">YouTube<\/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><b>Inspired by the episode? Please leave a review on <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\"><b>iTunes<\/b><\/a><b>.<\/b><\/p>\n<h3><span style=\"font-weight: 400;\">Meet Our Hosts<\/span><\/h3>\n<p><a href=\"https:\/\/www.steadytrade.com\/about\/\"><span style=\"font-weight: 400;\">Get to know Tim Bohen, Stephen Johnson, and Kim Ann Curtin here.<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Follow our hosts on social media&#8230;<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Tim Bohen<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/tbohen\"><span style=\"font-weight: 400;\">@tbohen<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/tbohen\/\"><span style=\"font-weight: 400;\">@tbohen<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Stephen Johnson<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/Jonk87\"><span style=\"font-weight: 400;\">@Jonk87<\/span><\/a><\/p>\n<h4><span style=\"font-weight: 400;\">Kim Ann Curtin<\/span><\/h4>\n<p><span style=\"font-weight: 400;\">Twitter: <\/span><a href=\"https:\/\/twitter.com\/kimanncurtin\"><span style=\"font-weight: 400;\">@kimanncurtin<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Instagram: <\/span><a href=\"https:\/\/www.instagram.com\/kimanncurtin\/\"><span style=\"font-weight: 400;\">@kimanncurtin<\/span><\/a><\/p>\n<p><span style=\"font-weight: 400;\">*Trading results are not typical. Always remember that most traders lose and that individual results will vary. Before trading, do your due diligence and never risk more than you can afford to lose.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kris Verma may be having a red day, but he\u2019s not letting it get to him. In the scheme of things, this short-biased trader reports doing pretty great. He\u2019s only been active in the market for about three years \u2026 and he hit an incredible million-dollar profit milestone in 2020.* It\u2019s every trader\u2019s dream to [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":3044,"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":[30,19,18],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ep. 171: Part-Time Trader to Million-Dollar Milestone: Interview With Kris Verma - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"Kris Verma may be having a red day, but he\u2019s not letting it get to him. 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