In this interview, Tim Justice, the host of the Trading Justice Podcast, interviews a trader from our community, Ime Ntekpere, with 5 fast questions about how why he became a trader, how he’s developed his trading edge and what his trading goals are.
1️⃣Why did you get into trading?
2️⃣What is your trading edge?
3️⃣What is your daily routine?
4️⃣What are your trading goals for the future?
5️⃣What advice would you give a new trader?
Tim: and we are live back I guess is what I should say I’ve got Ime Ntekpere is that Right
Tim: I did it wrong on purpose because you just corrected me a minute ago hey how you doing I met Ime in person just actually a couple of weeks ago and Ime you’ve been a part of our community for a long time you first became a member of tackle trading when Was that
Ime: 50 member 2015 at the fall time
Tim: so in 2015 and you live in the Seattle area but you’re not originally from Seattle what’s your background
Ime: I’m from the pulmonary for the Oregon area which is two and a half hours from Seattle moved up here and lived a couple of places before living here there’s in Georgia for a while have a lot of family in a lot of family in Nigeria a lot of some family in Portland but moved up here to my job and then uh got it doing this little thing and trading thing
Tim: that yeah I like it a lot you know the Southeast Florida Georgia that area is very different than the Northwest Portland Seattle I’m sure but there’s good money there’s good jobs in Seattle’s a beautiful place now I’ve invited you on here today for our five questions this thing that I’ve been doing with my traders lately and I think you’re gonna have a lot of fun I want to get down right to it first question why did you get into trading
Ime: why did I get into trading well, to be honest Tim it’s always something that intrigued me when I was younger and when I had the opportunity to go to a training seminar in a class, I connected with it right away I heard your brother Matt justice and he is a really is a good presenter and I was already interested and he just kind of reassured me throughout that whole three days that this was a right path for me and it’s been awesome as definitely some I click within it it’s a lifetime skill it’s not something that’s gonna go away like tomorrow you know like it’s it pretty much so it’s always gonna be here it’s been here for years and years trading has always been part of the world
Tim: I love it you know and what’s interesting about that you and I were talking beforehand and I’m just getting to know you wanna on a deeper level recently and I didn’t know this about you before but you do jujitsu and martial arts right
Ime: Yes I do so constant personal development and you’re in a Toastmasters group is that right
Ime:: yes yeah I’m toastmasters
Tim: that’s really cool man so you’re doing all kinds of things like trading and financial education and physical you know self-development I think it’s pretty awesome it all fits together you know I’ve seen success with people who are driven in many different areas in life so I think it’s awesome number two what is your trading edge what do you think you’re best at
Ime: well, to be honest, I am probably more of a cash-flow trader meet iron condors credit spreads system type those type of things where it’s time base I’m a time trader
Tim: yeah you know there in that ballroom I know that you had a chance to kind of network with a few other traders from there in Seattle and many of them are also cashflow traders and we’ve got a lot of cash flow traders out there in our communities and there’s a reason you know I say this all the time you can find your edge in a lot of different ways you can become profitable and a good trader in many different fields theta and cash flow just seems to be one of the more common ones because as people are working their busy lives you have an advantage to your time to I think it’s a great answer number three what is your daily routine
Ime: my daily routine starts at well I get up at 4:30 every day and I work out and then I’m in front of my computer by 5:45 and I’m basically going through the markets I got my whole checklist thing so it’s right and put in my computer and I just go through it I look at the news I look at the SNP go through all the steps so as far as Russ $2,000 I Check my positions and if I need to make any adjustments I will if not then pretty much about 30 minutes each morning is sometimes 30 minutes in the evening just going through scanning through the markets and making notes and if I see fill them as far as a from one of the reports I might do a paper trade but for the most part it’s pretty simple just making sure nothing crazy going on
Tim: You know yeah you know I like it I’m an early morning guy myself many days 4:45 as well some days not some days I hit 6 o’clock in the morning but somewhere in there you know and I don’t even need an alarm, by the way, my body my brain would just get up we’re ready to go and I need to start thinking about working out in the morning for consistency because of one thing I found I’ve been trying to get back to the gym more lately you know you’re a trader you’re in your desk all the time you’re sedentary it’s a lifestyle so but and I was trying to do it in the afternoon but I tend to get busy in my days maybe I’ll try the morning I think it’s a good idea consistency and habit-forming or important in anything in life right and so you’re trading if you get it down to 30 45 minutes in the morning when the markets are open West Coast time is perfect time to do it and I love it look great answer what are your trading goals what do you want out of all this stuff you know and let’s say 2019 and Beyond
Ime: well the whole thing that sold me on the cash flow I account or system was this idea of an ATM machine and an ATM machine for my personal and ATM machine for my business meeting I’m still doing all the other things but in the background I have my cash flow systems that I can go through and pull money from if I need to use it so it’s financial freedom and security
Tim: that’s awesome financial freedom security and a market is an ATM machine I got to tell you as a mentor I would want you to reframe that it’s a financier it’s just that the ATM machine doesn’t always work sometimes you put the credit card that takes money from you we do understand this right Ime
Ime: Its a 3 dollar charge for sure
Tim: Number 5 what advice would you give a brand new Trader
Ime: look you know it’s funny people always ask me about trading and the first thing I always tell them is to get education and I always recommend people to tackle trading it’s that’s kind of how I got stay connected with you guys as far as getting on tackle and getting in there and just clicking buttons man Matt just always say just go ahead and start clicking buttons and see what happens so yeah
Tim: click the done button
Ime: education is the key but not just any type of education but education from traders and actual investors and people that are actually in the marketing and\ doing the daily day to day stuff like yourself
Tim: dude I’ll tell you I think it’s really good advice you have to you have to start taking action you know one thing I’ve found in just my life as an entrepreneur as somebody who works from home who has many different business interests including the financial markets and my speaking you know I go out and travel for legacy and coaching and other things I do even just being a father you know yet you get pulled in so many directions right and when you decide to do something you got to get something done sit down get to work and click the buttons when you’re a new trader remember there’s paper trading for a reason you know don’t be afraid to make a mistake a mistake is a part of your learning process in your growth process so I love that answer Ime you are a scholar and a gentleman and you’re damn likable I got to tell you big smiles, my friend yeah
Ime: great what they do give to that paper trading before in life I paper tarry for about a year and a half so just privacy differences and so
Tim: you know I was talking to somebody about this the other day you the famous story of Richard Dennison Richard Donner’s I’m gonna give you an idea here this there’s so many books I got what good get this book okay number one this guy Curtis faith he’s one of the original turtle traders and it’s one of the most famous stories in the history of the markets right the turtles they were trained by a guy named Richard Dennis in 1983 and 1984 and it became market lord and this book is Curtis kind of journey in his approach and it’s great for back-testing that’s not the only thing here the guy who taught him his name is Richard Dennis Richard spent four years back testing his systems before he took them Live
Tim: okay so a year and a half a paper trading I think that’s really a responsible thing you got to do the live stuff when you get it now I’m always a believer and there’s a process right paper and then you go into live small okay and then you increase your size over time so that transition from knowing nothing to practicing to live trading is then a small account right or something where you’re just doing a contractor to and then as you develop and prove your consistency then you can increase the position size over time but you got a paper trade first you know and whether it’s one month or one and a half years whatever it is for that person’s journey I think it’s great advice yeah even the market greats do that so I think smart you mean awesome a man thanks for joining me I appreciate it and you know guys trading justice is a podcast you can find it on iTunes and on our website tradingjustice.com and Ime of what you said tackle trading is an amazing community and we’ve got traders from all over the world I know we’ve got a lot up there in Seattle thank you for being a part of that community that’s pretty awesome
Ime: awesome really appreciate you having me on thanks for having me Peace out.
Tim: yeah go tackle
Trading Justice LLC (“Trading Justice”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Trading Justice strives to make the information accurate, thorough and current, neither Trading Justice nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Trading Justice harmless from all losses, expenses, and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Trading Justice’s liability to the user or others shall not exceed the amount paid by the user for such Materials.
All investing and trading in the securities market involve a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax, and accounting advisers, to determine whether such trading or investment is appropriate for that user.