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EP21 // Peter Davies (Jigsaw Trading) on Outperforming His “Financial Advisor”

Peter's trading story started like the story of countless people before him. He lost a ton of money by trusting a "financial advisor." But unlike most people, he decided to take matters into his own hands. Find out how he learned to trade, what didn't work for him and who his mentors where.

Home / Podcast / EP21 // Peter Davies (Jigsaw Trading) on Outperforming His “Financial Advisor”

Peter Davies' backstory is all too common, unfortunately. At 35 years old, he lost about 30% of his net worth in the stock market.

He was working in IT at the time and knew nothing about trading or finance. His college degree was actually in IT.

To add insult to injury, his financial advisor told him that they did well that year because they beat the index. The “financial advisor” even had the balls to charged him a management fee.

That is where the story ends for most people.

But not Peter, he decided that he needed to learn out how to invest for himself. He figured that if he was going to lose all his money, it would rather be completely responsible for it.

SEE ALSO: The Best Trading Psychology Books of All-Time

So began his investing career.

Well, invest is the wrong term. He actually day trades the S&P eMini futures.

It can be a bit of a crazy market, but out of all the trading stories I have heard, traders in this market can be some of the most consistent, on a day-to-day basis.

In This Episode

  • Why discretionary trading was the way to go for him
  • How long it took him to learn to trade profitably
  • Why trading was a nightmare, when he first started
  • How his IT skills actually prevented him from becoming a full-time trader
  • His greatest strengths and weaknesses as a trader
  • How being an expat burned his bridges and set him up for success
  • Learn his trading strategy
  • And more!

Click Play to Listen to the Interview

Resources Mentioned

  • Jigsaw Trading – Peter's primary website
  • Jim Dalton
  • Richard Joyson
  • Joel Parker
  • JPJ Trading
  • Kam Dhadwar
  • John Grady
  • Futures Trader 71
  • Gary Nordon
  • Golf is Not a Game of Perfect
  • No BS Day Trading

Other Ways To Get The Trading Lifestyle Podcast

  • Click here to subscribe via iTunes (if you like it, a five-star review is greatly appreciated)
  • Click here to subscribe via Stitcher
  • Click here to subscribe via RSS (non-iTunes feed)
  • Right-click here and “Save As” to download the MP3
  • Click here to hear the other podcast episodes
  • Available on Roku – Channel TFEX6

What did you think of this episode? Let us know in the comments below…

You Might Also Enjoy

EP23 // How Jarratt Davis Went From Window Washer to Hedge Fund Trader with Fundamental Analysis
EP30 // Behind the Scenes Look at Starting an ECN Forex Broker in Sweden with Arif Alexander Ahmad
EP28 // Joan Sotkin: How to Change Your Wealth Mindset and Align Yourself With Money

Category: Podcast Tag: Trader Success Stories

About Hugh Kimura

Hi, I'm Hugh. I'm an independent trader, educator and international speaker. I help traders develop their trading psychology and trading strategies. Learn more about me here.

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First posted: July 7, 2015
Last updated: March 21, 2018

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CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

 

 

 

 

 

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