Episode Info
Steve Strazza starts out with “if it wasn’t for Brian Shannon I wouldn’t be here today.”
Brian Shannon didn’t find value in the theatrics and lack of actionable ideas on TV financial shows, leading him to cancel all his news subscriptions and get rid of the TV in his trading office. Brian Shannon’s 30-year trading experience has made him a well-respected figure in the trading community, with his insights and expertise being highly valued.
Brian Shannon’s early fascination with trading and the potential for wealth led to his lifelong passion for the stock market.
Brian Shannon took a big risk by quitting his job in 1993 and starting day trading, but it paid off for him in the end. The early days of StockTwits and the subscription model were brand new, and Brian was willing to take a chance on it because he saw it as free money beyond his successful trading.
Admitting to breaking his own rules and getting stubborn in trades, Brian Shannon highlights the importance of discipline and adherence to trading rules.
The ability to bounce back from mistakes and stay focused separates successful traders from the rest. The importance of passion in trading and the ego-driven desire to be right and make money. Watching a live chart react to the anchored VWAP is the best feeling for Brian Shannon, even more than his accomplishments in writing book and creating indicators.Impactful Stories and Lessons from the Stock Market
Yahoo’s stock went from $4 a share to $400 a share in a span of two years, making it the poster child for the Internet stock boom.
Mark Cuban’s success story of using options trading to secure his gains and then buying the Dallas Mavericks is inspiring and unexpected.Recent Podcast
