How to Multiply Your Money with Trading (with Jason Sweeting): Episode 343

Jason Sweeting, also known as "J the Trader," is not only a bond trader, mentor, and entrepreneur. He has no magic powers. He's a guy that got serious about trading. He worked hard and studied the market for countless thousands of hours. The knowledge that he has shared has helped himself and others gain control of their financial life. His market proficiencies include the 30 year bond market and the S&P500 futures. After working more than the requisite 10,000 hours he finds comfort in knowing that his hard work isn't in vain. Jason has found success in perfecting his craft and sharing what he knows about the market with his students at Jason Sweeting Trading Academy.

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Takeaways

  • Jay talks about how consistent behavior is what helped him thrive in in the trading industry. It takes being consistent and showing up for yourself in life and in trading to be successful.
  • Whether you like to believe it or not, Jay says you’re already a market whiz. “What is a market? It’s a place where buyers and sellers meet to exchange value.” Housing market, job market, super market. You already know markets. Jay says to think about fair trade–a purchase price you would actually pay for a home, the compensation you would get paid to do the services the jobs you required. You’re always in a trade and trading in the stock market is not any different.
  • Jay talks about how things are priced improperly all the time. The housing market for example, now people are starting to realize that what things are going for are not what they’re worth.
  • “If you know how much it should cost, then you know how much you’re willing to pay for it. And if you know how much you’re willing to pay for it, then you know the value that should be exchanged. If you know the the value that should be exchanged, you can look at any market, any time and know exactly which markets to participate.”
  • “Any asset is just being negotiated.” The price falls when people think something is less valuable and prices rise when people think they’re more valuable. Jay says that people’s opinions sway the value of things.
  • As a trader, it’s your job to think what everyone else is thinking. It’s looking at trends and what people are buying and selling for, and matching that.
  • Money and trading terms are culture. Just like Starbucks. A medium isn’t a medium, it’s a grande. You learn this after your 4th visit, not your first. Jay recommends leaning in. There’s a learning curve and it’ll take time, but once you get it, it’s so worth it!
  • Willing people change the world. Be willing to lean in and learn.
  • 30 year bond market and an SEP 500 Future:
    • A future is buying something today for a cost you think it will be tomorrow. Making a future estimation of a value of what it will be tomorrow.
  • How do you make money from a contract you’re not in? Same way you can bet on a team you’re not a part of. It’s a contract between two people having to do with something you’re not actually tied to.
  • Jay says he lives by 2 words: grow and serve. Growth is so key. Don’t stay stagnant. Right after you grow, it’s time to serve. The JOB is to serve. No one who dies wants to die with no one caring. Jay says regardless of your financial situation, where you live, your credit–it’s time for you to be about what you’re supposed to be about. This is your sign to lean in and change your life.

 

Highlights

  • (1:30) A little more about Jay.
  • (3:10) What being a girl dad has taught Jay.
  • (4:41) The power of consistent behavior.
  • (6:33) Tips if you’re just getting started in trading.
  • (9:10) Things are priced improperly all the time.
  • (10:05) The Supermarket analogy.
  • (11:32) You know how much it should cost.
  • (12:40) A real life example of a trading situation.
  • (16:40) The problem most people come in contact with in the market.
  • (18:02) Candlestick charts–what they are and their history.
  • (18:41) Where can you see candlestick charts? What should you watch for?
  • (21:30) Learning the trading language. Lean in!
  • (23:28) Willing people change the world.
  • (23:57) What is a 30 year bond market and an SEP 500 Future?
  • (28:45) How do you make money from a contract you’re not in?
  • (30:24) Jay’s top resources for trading.
  • (35:01) Growing and serving. There’s power in those words.
  • (36:06) It’s your time.

 

Quotes

“Any night, any crowd, any time.”

“What is a market? It’s a place where buyers and sellers meet to exchange value.”

“Any asset is just being negotiated.”

“Your value is always being estimated by the people around you.”

“Water that stays still turns green.”

“You never know what your serving will be.”

“Lean into your greatness.”

“Hold onto your hope for tomorrow.”

 

Resources

Connect with Jay:

Jay’s Free Course: www.tradelikejthetrader.com/rachel

Jay’s Top Trading Resources:

TradingView

Ninja Trader

Watch Full Episode:

How to Multiply Your Money with Trading (with Jason Sweeting): Episode 343

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Hey! I’m Rachel. I’m a former Big Ten volleyball player turned entrepreneur and professional cheese taster (kidding–but that would be a sweet job).

I’m a Pinterest strategist for female entrepreneurs who are sick of struggling on Facebook & Instagram and want to automate their traffic and get more leads on autopilot. I’ve used Pinterest to increase my blog traffic by 34,000/month…for free!

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