From Italian Covered Warrants to Day Trading US Stocks, Futures, and Crypto with Joseph Gasperoni, Ep # 121
Joseph Gasperoni, aka "Jtrader," began his journey in 1999, by trading in the Italian and European stock markets. He was very successful, but wanted to expand his knowledge, so he decided to learn to trade options, futures, and American stocks. From 2004-2015, he was able to achieve a 70% win rate per year. In this episode of How To Trade It, Joseph shares his success and his struggles with anxiety and depression. You don’t want to miss it!
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You’ll want to hear this episode, if you are interested in…
- [09:42 ] What “profitable” looks like
- [11:27 ] The thing that changed Joseph’s life!
- [15:19 ] Starting over
- [19:46 ] Managing anxiety & stress
One year of trading
Toward the end of high school, Joseph made the decision to give trading a try for one year, and if it didn’t work out, he’d go to University to study banking. After graduation, he spent the summer working and saving money, and by fall, he was able to open a brokerage account to start trading covered warrants. In just 40 days, he lost everything he had. Instead of getting upset, he focused all of his energy into studying and learning how to trade well.
The day that changed his life!
Joseph was making money hand over fist! He was finding success at every turn. He was working out of a small “office” under the stairs in his parents’ home, with only two monitors, when he made almost 6 figures IN ONE DAY! That’s life-changing money right there. But better than the money, was the look of pride that he saw when he looked into his parents’ eyes. Joseph says it was one of the best moments of this life.
Joseph had grown accustomed to bringing in 5-10k/day . Sometime around 2002-2003, when the Italian banks realized they were losing money, the markets changed, and Joseph found himself unable to trade covered warrants anymore. Basically, he had to find something else to trade and completely start the educational process over again.
Resources & People Mentioned
Connect with Joseph Gasperoni (JTrader)
- Website:: https://jtrader.co/
- YouTube: https://www.youtube.com/c/JTRADER
- Twitter: https://twitter.com/jtraderco
- LinkedIn: https://www.linkedin.com/in/jgasperoni/
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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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