Dion Pouncil
speaker
63 appearances
1 recordings
1 series
first heard May 2025
last heard May 2025
Dion Pouncil’s voice in public audio — every appearance, attributed to the second.
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Yeah, single parent home, south side of Chicago, played baseball through high school, college, and minor league independent professional baseball, transitioned into business in the corporate world, already knew that that wasn't for me, got into entrepreneurship, doing different type of side businesses, created an agency that worked a little bit, got some data from it, went to Silicon Valley in LA, raised some money for tech, didn't work out,
Met a billionaire guy in Dubai. He's like, you're smart. You should go work for my hedge fund. Start from the ground up. I did that. Three months later, the fund sunset. I got inspired, studied, got my license of a series three, became a professional futures trader and investor. And I thought if this was my background and I got into it.
in an untraditional route, how many more people would be interested in that, want to learn that and do it for themselves. And so started a program to be able to teach people how to trade and invest the professional way, but from a unique standpoint. And we've helped create four or five, six and seven figure traders now with over 20,000 students worldwide.
$1,500. So you can start from anywhere. As long as you're 18 and have the ability to open up a brokerage account, you can start and bet on yourself. And many of people have done it. The more information you have about it, yes, you can get more and better edges, but you don't have to be a rocket scientist to make money.
Yeah, I'm kind of anti going down the YouTube university rabbit hole for trade and investing because the difficulty is that most people don't know how to separate the good from the bad or the truth from truth. the BS.
But what I would say is first, if you can find a proven coach or mentor, ideally that you may be able to meet in person or you can find out about their ability to actually do what they say they can do would be the first option if possible. The next thing would be, yes, you can then find a online course of somebody that's actually doing it in real life.
And then if you can't do one of those two options, then I would look at books from proven trading and investors to start there.
Yeah. So for us, it's trade like the pros dot com. That's my whole thing is teaching people how to trade like the pros without going through all of the BS. But if I were starting the book that literally inspired me outside of the fund was Beat the Markets by Edward Thorpe.
I came across his book prior to trading and investing called Beat the Dealer because I like numbers and taught myself how to count cards for blackjack reading Beat the Dealer and made a substantial amount of money off of that in Vegas. And so two years later, I came across his book Beat the Market.
And this guy, if you've ever seen the movie 21, where Kevin Spacey plays the guy that teaches his students how to crack cards. Count Cards and Go to Vegas and Make Money. That movie is based off of Evers Thorpe's real life.
So he was a college professor out in Boston, math and physics major, created an algorithm to beat the dealers in casino, got bored, and now runs a $50 billion fund that's fully algorithmic from trading and investing. So that book is what inspired me to get over the hump. And that's where if I had to start today, right now, I would still start with that book.
Yeah, absolutely. So the nine to five as an excuse is out of the window now. One, I am licensed in futures. The futures market is open 22 hours a day, six days a week. The crypto market is open 24 hours a day, seven days a week. The Forex market is open 24 hours a day, six days a week. Stocks, bonds, and options is open eight hours a day, five days a week.
So literally, no matter where you are in the world, as long as you have an internet connection, you can put your money to work for you and trade and invest.
Yes. A couple of brokerages like Charles Schwab have already announced that they will allow 24 hour trading in the initial big indexes and things like that. So I think it's inevitable. I probably think we're less than 36 months away from the major exchanges making all of their major indices available 24 hours because they have to be able to keep.
um interest from people who are looking at the crypto markets as well as um sports betting and sports gambling which is getting huge so they have to be able to keep some market share and some mind share because the younger generation is not necessarily interested in long-term investing right now they're definitely big on trading but long-term investing is not something that is kind of top of mind and when they think about these legacy
exchanges um the first thing they think about is stocks and for a lot of them stocks is boring and stocks move too slow especially if you don't have the amount of capital to really make the moves that you want
Yeah. So that's called open outcry. So those are people in the pits yelling they want to buy and sell. That is only available in Chicago right now, I believe, at the Chicago Mercantile Exchange. I think that might be the one place. or one of less than probably 10 open outcries around the world, everything else is essentially computer driven. 80% of all trades globally are done by algorithms.
So it is computers, It is people behind computers making manual or discretionary trades, or there are algorithmic quantitative traders and investors like myself and others, or you have hybrids where they'll get these signals from the algorithms and then they'll still make the trades or investments manually.
Yeah, so a quantitative developer or a quantitative trader is a person who studies math and science that... They're very good at statistical models and the quantitative side of data analysis. And then they also can program via computers. So then they can combine that as a hybrid and they can take those models and actually code them into algorithms to trade and invest for them fully automatically.
Now, the thing a lot of people get overwhelmed or they get nervous when they hear about the word quant or they hear the word algorithm. an algorithm simply is just a step-by-step process. So if you get up every day and you have the same routine, you get up, you check your phone, you brush your teeth, you take a shower, et cetera, et cetera, that's your daily routine or daily algorithm.
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