Trader since 1997. Owner of Maverick Trading, a US based prop firm. New YouTube project called Flat Earth Trading Society where trades are made by random and we profit from strict position management
Listen to the podcast here or on your favorite podcast app:
Watch the Episode Here:
- Why did I start it?
- Why is trading so difficult?
- What can new traders do to succeed?
- What can old traders do to succeed?
- What has it been like to trade through dot.com bubble, Great recession and Covid?
Connect with Robb Reinhold:
- Subscribe to YouTube channel and look into prop trading with Maverick Trading and/or Maverick Currencies
- Maverick Trading
Biography Robb Reinhold:
When I was in 6th grade, we had a great teacher who threw away the textbook and taught us real-life things. One day, a man in a suit from a bank came in and explained how banks work, how they hold the money and how to write a check (dating myself). We all received a blank check book and our teacher told us we all had “bank accounts” in his class and good grades/behavior got you money in (deposit) and bad grades/behavior debited your account (withdrawal). The next week, he brought in some Wall Street Journals and taught us about stocks and how to read the stock tables. He explained we could use our money to buy and sell stocks and all we needed to do was fill out an “order ticket” he had available. I was likely the only kid in class interested, but this is all I wanted to do. In 1997, when I was 22, I started dabbling in the market (the beginning of online trading) with the little money I had. I learned of a local trading firm, Maverick Trading, where you could go into the office which had a dedicated T-1 line (no home internet was available), trading computers and fellow traders with lots of experience to train you. Over the next few years, I traded in that office and was nicely profitable, but with many ups and downs. I opened my own satellite office in 2000 and became owner of Maverick Trading a few years later. Since then, we have transitioned into a Proprietary Trading Firm where we hire traders to trade our capital privately. Over the years, we’ve trained hundreds of traders and I’ve spent 20 years watching over the shoulders of these traders as a Risk Manager on a daily basis, watching the trades made. I’ve seen traders fail and lots of traders succeed wildly. I know the key to trading success isn’t external, but internal in self-control and trading psychology. I’ve dedicated the last 15 years to psychology, neuroscience and behavior modification to try to assist our traders. I feel I am in a unique position to truly understand what it takes to make it in the business of trading after 25 years.