Making simplicity a priority · John Walsh (trading comp winner)

EP 074: Pocketing £100k from a trading comp, and making simplicity a priority w/ John Walsh aka Black Cabbie Trader
The backstory of John; in 2012 he entered a competition-the City Index Trading Academy. The idea was to take a group of people with very little market experience to see how well they would perform as active traders, over the span of 5 weeks. John came out on top and won the £100,000 prize money which was up for grabs.
He’s of course continued trading ever since, and has developed into quite the trend/position trader-focused on US equities, making simplicity an absolute top priority. He’s also a black cab driver in London, which you’ll hear more about shortly.
In this episode we chat about; the competition, John’s trading methodology, why you must ‘stay out of your own way’ (as John puts it), and plenty more.
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LINKS
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[@jonnyvoxrox8446]

Love these traders that didn't come up from a trading or financial background and give great insight on how to trade smart and simple. Solid podcast.

[@Luffytoro]

One thing I learnt from all these traders chat is that They worked their ass off to get there! There's no shortcuts!

[@andib1973]

one thing that I have learned from his interview and one thing he has that others don't have is simplicity. His thought process as well as decision making proses is super simple, no second thought no expectation. Real gem here found after 5 years published lol

[@charlesoftherocks1264]

No doubt, as a cab driver, John's info retention must be off the charts (pun fully intended). Great interview John and Aaron.

[@adityanehra]

This interview is absolutely awesome. This gave me a lot of ideas: 1) do long on 52 week high. 2) do short on 52 week short. 3) believe in your system and dont change it frequently. 4) dont be in hurry to buy a lambo, give it some time

[@JCElzinga]

I love your talks This guy is amazing because he is different! I like how you have all of these people with the very different perspectives. From the guys who intuit day trades to the guys who setup a system and run that system. Im pushing your stuff on my friends daily!

[@ChatWithTradersPodcast]

+JCElzinga, pleased you're enjoying the podcast! And it's awesome that you're telling your friends about it too.

[@jeanclaude1916]

i really appreciate this guest. brutal honesty and very informative

[@hamisintunzwenimana8083]

Good Technical 1. Background Story; competition 2. Trading Style

[@method341]

GREAT interview. Love the simple way he trades. Buying on strength and selling on weakness.

[@Ninja-iq2xt]

The takeaway: Be patient, Follow ur plan and process and stick to it.

[@awesomeisasawesomedoesyo182]

One of my favorite interviews! Thanks.

[@sfkhan570]

This was eye-opening. Thanks again

[@BigBlackBe4r]

Yup. This is one of my favorites with CWT .Great insight, super simple.

[@kalebfriend8377]

Great listen, love this channel.

[@chrisvlad5647]

best advise PATIENCE

[@DONALD1951]

Looking for stocks that are good for day trading...thanks

[@dkct2010]

good stuff thanks

[@malthus101]

So he finds stocks with slow steady upward growth and buys them and holds until they top out? That's it?

[@timcampbell4132]

James Gandolfini..... Mr. Soprano, with an accent.....

[@_justkarl]

been starting to learn about the market, and your podcast is really great. I''ll be back to this comment after a year and hopefully I can have the knowledge and mindset to be profitable by then :)

[@gomesdiogo]

How's it going

[@sskhussaini]

How's it going bro?

[@OkoYT]

Enjoyed this episode, it's a shame John's twitter has been removed and his website that he mentioned on the episode is also closed down, hope everything is ok! If anyone knows anything, please reply to me :)

[@walkerpercy8702]

Can't find him either. BlackCabbieTrader.com is gone. Idk maybe he blew up his account. The cabbie to successful trader seemed to me to be a little bit of a stretch goal.

[@jamesmcgrath3841]

@@walkerpercy8702 Doesnt sound like the kinda guy who is going to blow up his account. Sounds very careful.

[@leonmatthew7]

@@walkerpercy8702 Also a London Cabbie is different to a taxi driver anywhere else in the world. The test they have to do, the knowledge, to get their licence takes some drivers 5/6 years to compete. It takes an insane amount of repetitive, consistent hard work and discipline, plus the one to one oral examinations are done under an enormous amount of pressure, so could totally see how someone who has completed the knowledge could make a successful trader. A lot of the required elements to make a success of it would already be instilled in them.

[@brutusempire]

John whats your trading plan from the moment you wake up till your first trade??

[@ChatWithTradersPodcast]

+Brutus Empire, if you write this question in the comments on the show notes page (chatwithtraders.com/ep-074-john-walsh-black-cabbie-trader/), I can ask John to answer for you.

[@ilya_9592]

Aaron good afternoon. Please add subtitles to this video. Thanks in advance. P.S. It's all for the same to watch with translation in a foreign language.

[@jamesmcgrath3841]

No need for the subtitles.... if you can understand English.... Yes there is an accent but he speaks slowly and clearly at all times.

[@georgemcduffey2622]

I glanced at John's picture and thought you said "Black cab driver" and was instantly confused, he looks totally white:)

[@jamesmcgrath3841]

The taxi-cars are..... black....

[@georgemcduffey2622]

@@jamesmcgrath3841 I got that after my initial "that's a weird way to characterize someone" thought.

[@kevtherev8194]

SUMMARY: no system! Instead, just natural intuition.

[@absoluttchamp]

Why ask about taxi driving? Absurd

[@kevtherev8194]

It helps to show how his mind - thinking processes - works

[@absoluttchamp]

@@slowmudworm I love you

[@Donovaan]

Nothing useful really.

[@jamesmcgrath3841]

Everything useful really.

[@Donovaan]

​@@jamesmcgrath3841 What's your biggest takeaway then? I don't remember anything from the podcast except that he was a cab driver and took part in a competition. I found many other "Chat With Traders" podcasts much more helpful and memorable.

[@blackvigiltradingstrategies]

It is, it’s extra affirmations on a successful strategy, make your own valuation models, than in your sector just watch orderflow. It’s not rocket science. Retail traders can make way more than institutional traders.