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It took 3 years of losing money, now he teaches 2,500+ people how to trade- With Jack Gleason
Whatās your backstory?
When I was in high school I would watch CNBC and read Forbes 500. It got me thinking, how did these millionaires and billionaires make their money? Being a young entrepreneur, I wanted to mirror people who had great success, and the easiest way people were making their money was through the stock market. At around 14 years old is when I got really interested and saved up $500 from my first business mowing lawns.
I had to give it to my dad to open up a brokerage account for me. I ended up using that money to buy Conference International ticker symbol $CFRI at 28 cents and it went all the way up to $1.34 before crashing back down. Thatās when I started getting into trading. Then in high school we had a stock market contest and I won that with a prize of $100. At this time CNBC was having a universal simulated contest where I had also beat 99.98% of the people participating.
2008 is when I actively started buying and selling ātrading stocksā I started off by just reading messaging blogs and then moved into options trading with $1,000 and traded my way up to $5,000. Without knowing anything about trading I ended up losing the $5,000. I soon started to get into futures trading then entered a trading combine at a trading firm that would back you with capital if you performed well enough, which I did.
After I was brought on as a trader I taught my friend my strategies and he entered a combine and beat out over 300 traders. Thatās when I knew that I could not only trade but also teach people to trade stocks.
In 2012 I was able to meet Tom Sosnoff who started TastyTrade at ThinkorSwim where I got my own trading show in 2012-2013. I was teaching over 40,000 people how to trade futures and options. From there I was hired by a prop firm and received my series 56. After teaching on TastyTrade I was getting tons of messages every single day from people asking me questions about the market. So in 2014 I started Major League Trading.
Now in 2018 I have over 2,500 studentās traders across the world who trade FUTURES, NADEX, OPTIONS AND FOREX. One of my students is from Tanzania and has made over $500,000 in his first year. Another had left the military and went from $2k-$40k in a month and now has done at least $300k. Stories like these are why I started Major League Trading.
Can you tell me the story of your prior successes, challenges, and major responsibilities?ā
āThe successes, challenges, and major responsibilities of being a traderā
Successes
I donāt measure my success based on my own performance but the performance that of my students and the ability to change their lives and the messages I receive from them. People thank me all the time for helping teaching them how to start, what to get, and how to trade.
For example, I had one friend from high school who found out he had cancer. While he was at the hospital he learned how to trade, became very good at it. He beat cancer went back to work but made 3x from trading so he was able to quite working.
Challenge
Trading is difficult, especially teaching because I have to be able to give all of my studentās time and attention they deserve. It took me 3 years of constantly making and losing money before I became profitable. During this journey my family literally took away all support from me. They even took me out of the family vacation we would go on every year. This was during the ages of 19-21 where all my friends where all out partying while I was learning, trading and networking.
RESPONSIBILITIES
The responsibilities of being a trader is waking up and showing up every day and staying disciplined because I do have 2,500 students who all need my time and attention and depend on me and appreciate what I do for them.
Can you tell me about a time when you almost gave up, how you felt about that, and what you did instead of giving up?
I most gave up more than once. My dad was kicking me out of the house unless I got a job. I was ignored by everyone and people were upset because I dropped out of college and didnāt think I could amount to anything.
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