This allowed him to become a far stronger trader. In admitting his weaknesses as a trader, such as risk management and determining position size, he gave himself the opportunity to improve upon them. Narrowing the edge.Īll Stephen wants to know is: Papa John, how did you narrow your edge? Well, in a few ways.įor one thing, Papa John devoted himself to self-improvement. He hasn’t won every time since then but now, about 11 months into his trading, he’s definitely in the green.
Over the next 8 weeks, he made 33k from his lowest point. After learning that Tim Grittani swears by this technique, he began to and was surprised to learn what was actually making him money.īy beginning to focus on the setups that were actually working for him, he was able to turn things around. So he began to apply the same principles to his trading and set out to find what his edge could be there.įor one thing, he realized that while he was tracking his trades in a spreadsheet, he wasn’t keeping track of his setups. With counting cards, he also began to profit once he found his edge. But once he nailed it, he was consistently profitable for 6 years. So what changed? Papa John began to gain his edge.Īs a poker player, he’d needed to find an edge before he found success. After that initial win, he began to lose…and continued to lose. He thought: whoa, I’m going to become rich! Well, not so fast. He jumped into his first trade the same morning he set up his brokerage account and made some quick money. In watching some of the famous trader’s videos, he decided to give it a go.
He was finding success with that, but after his son was born he put that on the back burner, hoping to find something that would keep him closer to home.
John papa story tracker how to#
Then, he learned how to count cards at blackjack. Initially, he was into online poker, but when the laws changed, his dreams were dashed. So what changed…and how can other traders learn from him? Listen to find out! Papa John’s storyīefore Papa John was a day trader, he was a gambler. After losing a whopping $16k in his first 6 months of trading, in the past 3-5 months he’s enjoyed an incredible turnaround, skyrocketing into the green. Just about a year into his trading journey, Papa John has a remarkable story.
In this installment of The Steady Trade Podcast, hosts Tim Bohen and Stephen Johnson are interviewing a day trading phenom known as Papa John. Episode 41: Interview With Day Trader Papa John.
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