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Trading Education Posted by Team Topstep April 16, 2020

How to Make It as a Self-Taught Trader with Jerremy Newsome

Episode Summary:

If you’re not yet a full-time trader, you might be wondering what strategy to use during such an unpredictable market. Jerremy Newsome is a trading educator at his company Real Life Trading. He was entirely self-taught and has an origin story that will make you cheer. Check out the latest episode of Limit Up! for some trading inspiration.

Full Show Notes:

Every trader’s story is unique. Not every trader comes up the traditional route through banks or other firms. One such person is Jerremy Newsome of Real Life Trading. Jerremy has one of the best trading origin stories we’ve ever heard. He dropped in to Limit Up! today to share how the movie Forrest Gump changed his life and chatted about the strategies he’s using to trade during these times of uncertainty.

Jerremy is the definition of a hustler and his story will inspire all the self-taught traders out there. Listen in as Jerremy talks about the movies that have made a huge impact on his trading career, why he thinks 1987 is about to play out all over again, and how working from home will shift our mindsets on work-life balance for the better. This one’s not to be missed!

  • [00:15] – This week: Jerremy Newsome
  • [02:13] – Market Reaction
  • [07:03] – Interview with Jerremy Newsome
  • [08:51] – Balancing the trading lifestyle
  • [12:08] – Huge structural moves
  • [14:32] – Risk management adjustments
  • [22:02] – Trading lessons from the movies
  • [30:15] – Understanding options
  • [35:49] – Focus on the process
  • [40:04] – The Dunning-Kruger effect
  • [43:13] – Multiple mentors

Over the last 6 years, Jerremy Newsome has built a reputation as one of the foremost pioneers in ‘fiscal therapy.’ His vigor and drive for helping communities, families, and individuals grow their financial literacy is second to none. Jerremy was able to create and launch a company called Real Life Trading back in November 2014. This starting point has allowed him to assist and enrich tens of thousands of lives while also growing the company organically to a seven-figure business.


What is Limit Up?

Limit Up! is a podcast for traders of all levels brought to you by Topstep. Whether you’re considering a career in trading and don’t know where to start, or you’re a seasoned veteran looking for advice from big names in the financial industry, Limit Up! is your guide. Join us weekly as we discuss the market in all of its volatile glory. Risk Disclosure:

Jack Pelzer is a co-host of Limit Up! He traded as part of a U.S. Treasury group for 7 years at Chopper Trading and DRW. After leaving the industry, he became a Writing Fellow and Senior Contributing Writer for The Onion. He is now the Head of Content at Topstep.

Dan Hodgman is a co-host of Limit Up! Prior to coming to Topstep Dan traded 30 Yr Treasury Options and Yield Spreads. Before that, he served in the United States Marine Corps where he simultaneously managed his own Futures Account applying the skills he grew up learning from clerking on the trading floor. Now Dan works with the Traders here at Topstep as a Performance Coach as well as being a regular on the Daily Market Recap.

If you’d like to receive new episodes as they’re published, please subscribe to Limit Up! in Apple Podcasts, Google Podcasts, Spotify or wherever you get your podcasts. If you enjoyed this episode, please consider leaving a review in Apple Podcasts. It really helps others find the show.

Podcast episode production by Dante32.