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Trading Justice

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Episode 177: Steve Andrus

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March 5, 2017 By Cam Morgan

When Steve Andrus graduated from college to play basketball internationally, he didn’t expect he’d really need to worry about money management. Even at $40 commission per trade, he could either buy and hold particular securities or put moneys into mutual funds. Unfortunately, an unscrupulous money manager was Steve’s contact for investing, leaving Steve with little remaining in his investment accounts.

Description

When Steve Andrus graduated from college to play basketball internationally, he didn’t expect he’d really need to worry about money management. Even at $40 commission per trade, he could either buy and hold particular securities or put moneys into mutual funds. Unfortunately, an unscrupulous money manager was Steve’s contact for investing, leaving Steve with little remaining in his investment accounts.

There’s often a silver lining, though. In this instance, the events lead to Steve resolving to get educated on investing in both stock and real estate. He dove in headfirst into all the books and workshops he could get his hands on, and with diligent practice, study, and the mentorship of a long-time floor trader, Steve found himself an instructor for TDAmeritrade teaching others how to invest himself.

In Steve’s long history of trading, he’s seen the markets change considerably, from having to phone in those aforementioned $40 commission trades to managing everything from the comfort of your computer. Sit back and give a listen to Steve’s story and the recent history of the markets.

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Related

  • Episode 214 – Bank Trade Open
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  • Episode 212: Trading for Beginners
  • Episode 211: Sector Rotation
  • Episode 210: Credit Spread

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