In this interview, Tim Justice, the host of the Trading Justice Podcast, interviews a trader from our community, Owen Malcom, 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?
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Tim: alright guys and I am here with one of my old friends Owen Malcolm one of the original listeners of be trading justice podcast I’ll never forget you reaching out to me Owen and saying hey Tim you know I was driving my truck down here in New Zealand I had to pull over and write something on the window or he remember exactly the story but that it grabbed my attention you’re instantly likable I liked you the second we started talking I’ve got to know you over the last couple years how you doing sir good
Owen: Yep very good
Tim: Very good first of all introduce yourself who are you and how do you know us and how are you a part of our team tackle training
Owen: I’m a fifth-generation farmer and I had some very bad things happen in my life about eight or nine years ago which I won’t go into and I had a major direction change in my life and relationship breakup and and some yeah some three big changing things I’ve spent three months in the States in 2013 and got interested in trading then and through a series of sort of
interrelated connections stumbled across the justice boys just starting up their podcast and then I think the first month of tackle trading or seeker month I think I was a pro member I was probably one of the first half a dozen
Tim: yeah you were the very first And that’s how it kinda started really
and you grew up in the UK Right?
Owen: No, I’m from New Zealand
Tim: that’s right well you have a connection to the UK somehow unless yeah yeah part of your church and everyone in New Zealand
Owen: Yeah definitely the church and everything like that and everyone in New Zealand came from the UK pretty much
Tim: and in New Zealand, you’re a farmer and what kind of first of all what crop do you raise
Owen: right so I grew up in Nelson and we were fortunate in Mackay gardeners and my family business is still a New Zealand my brother runs it and we have a big family business now which is based right at the very south of
Tim: Awesome now and here a good reminder to everybody out there trading is a global market you know I know it’s not that popular in New Zealand right now but you can trade the currency markets you can trade the equity markets you can open up an account and access the global market Solan is one thing I believe you and I’ve talked about this that you would love to promote the idea of trading here in New Zealand and get other people to be aware of it corrects
Owen: yes certainly the thing is in New Zealand where you’re able to open a trade account a live trading account it’s a little bit of a hassle but it’s
very doable and think I think it’s a lot easier than Australia we can’t trade Forex on the TD Ameritrade platform for some reason I’m not sure why that is they did tell me and that’s I’ve forgotten what it was but we can open a Forex account with one of our brokers here in New Zealand
Tim: I see got it very very cool all right now I’ve been doing this with other traders and I mean anybody who’s watching this is gonna see the theme of this it’s called Tim interviews traders and I have five questions for you and they’re the same five I’ve asked for everybody you ready for this yep
Owen: I was looking for something I could do where I could work from anywhere I mean it’s not gonna farm all my life and doing you know the vagus ease to the weather I love the idea of just opening up a laptop and sitting in a cafe in Salt Lake City Utah and putting a trade on the original
Tim: I loved it I love it what is your trading edge what do you try what do you have about you or the way that you trade that you think this is one of my top skills
Owen: I’m pretty good with the routine like I’m a morning person so like I have no problem at all getting up every morning and working through a routine I’m very yeah I’m very much of a morning person so like at once I get a proper system set up you know pretty good sticking to it
Tim: You’re disciplined and actually, that’s number three is what is your daily routine
Owen: I spend an hour reading and writing early in the morning at a cafe over coffee and I go through all the markets check the markets obviously that part work there towards the end of the day the market opens here to get a tool in the morning so by the time I’m coming along I’m in the last hour of the market so I go through and check all the market indices and basically write some notes
Tim: what are your trading goals
Owen: My first goal is to pay my income pays my expenses
Tim: and I have no problem with the thumb on that on a video but you’re covering up your gorgeous face there oh it there you are, sir, anyway so what are your trading goals income first
Owen: income fist yep and then well pretty much take to keep passive income stream really with it with the minimum and then pause That’s definitely the goal
Tim: and what advice would you give somebody who’s Brand-new
Owen: Well I like what Dr. Alexander Elder says he says if you want to learn to trade it’s like getting a university degree and it will cost you forty thousand dollars are there and mentorship or in losses
Tim: Yeah it’s true I mean and you’ve had many mentors you’ve had many teachers in fact one thing I admire about you all and is that you mean you’re relentless about just reaching out and building your network and I think it’s one of the most impressive things about you quite frankly you’ll connect with people you’re likable instantly and so you’re bringing those relationships into your life and I think it’s helping you right so that just watching you as a student, I would give that advice out there to everybody you know to build your network with people that can help you Improve
Owen: Yes certainly there’s a lot of people over-promising so I’ve always looked for mentors who don’t over promise yeah you know there’s the thing I liked about you guys as you were very real
Tim: yeah it’s twelve right here I get it I’m gonna go get lunch here in a minute but what time is it there New Zealand what is our time Difference
Owen: It’s about 8:30 in the morning Saturday morning yes
Tim: so on a Friday afternoon is Saturday morning in New Zealand
Owen: and I’m watching everybody streaming into the market as I speak
Tim: that’s awesome well Owen thank you for the interview love it and you know obviously there’s a lot of growth in front of us and as the markets evolve and develop one of the courses you recently took was called system and development 101 and it was a recommendation I gave you how’d you enjoy the course let’s start with That
Owen: yeah it was good yeah it was well-written it was very thorough and just helped me focus my ideas I think yeah
Tim: yeah yeah awesome I own that’s a wrap on this interview very good job and getting the game over there guys tackletrading.com