Chapter 1: What is the main topic of this episode?
Hey Vodafone, ich weiß ja, schnelles Internet für meinen Betrieb hat seinen Preis. Nö, bei uns nur den halben. Wie wär's zum Beispiel mit bis zu 1000 Mbit pro Sekunde für nur 29,95 Euro im Monat?
Die Firma dankt.
Und die Fritzbox gibt's gratis dazu. Passt? Deal. Jetzt 50% auf Ihren Business-Kabel-Internettarif sparen. Im Shop oder auf vodafone.de slash business. Willkommen bei der I Am Charles Schwartz Show. In dieser Konversation, unveilt Scott seine kontrarianische Philosophie, die seinen Handels- und Geschäftsanspruch beigetragen hat.
He reveals why popular investments like cryptocurrency and gold don't make sense to him and how understanding market psychology and option volatility can turn periods of fear into profitable opportunities.
You'll discover why conventional investment wisdom often fails during unprecedented times and how embracing calculated risks while controlling what you can becomes the foundation for building sustainable wealth.
So if you're ready to learn how one entrepreneur turned floor trading experience into multiple nine-figure exits while navigating some of the most volatile markets in history, grab your notepad and prepare to rethink your approach to both investing and business building.
Scotts Insights are battle-tested, grounded in decades of real market experience and packed with actionable wisdom that could transform your financial future forever. The show starts now. Welcome to the I Am Charles Schwartz Show, where we don't just discuss success, we show you how to create it.
On every episode we uncover the strategies and tactics that turn everyday entrepreneurs into unstoppable powerhouses in their businesses and their lives. Whether your goal is to transform your life or hit that elusive 7, 8 or 9 figure mark, we've got the blueprint to get you there. The show starts now. Hi everybody, welcome back to the show. I am excited to have Scott on with us.
Scott, thank you for joining us.
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Chapter 2: How did Scott Sheridan start his trading career?
Und ich sage, okay, lass mich dir eine Frage stellen. Wenn du auf der Straße crossst, siehst du beide Seiten. Und sie schauen mich an, wie ich natürlich beide Seiten sehe. Ich sage, okay, dann weißt du, wie man Risiko und Erwartungen evaluieren kann.
100%. People don't understand that. They live in their demo trades, which is great. It's fun to play there and you can do it. The minute you get out of your demo trade, I remember I did this with Forex. I was like, I'm going to learn Forex. I'm going to trade Forex. It's going to be great. I made fortunes in Forex in a demo account. Then I went live. I was like, okay, this is a different ballgame.
Same thing, same charts, same environment, but since it was real and I had to pin out of the grenade, I couldn't function anymore. It is what it is.
You're not alone. That's why the mantra of the network just rings so true to me. Trade small, trade often. But small is the key.
And I learned that my risk came on to your point of looking back and forth. If I could understand how a road works, of what car was going to hit me or not going to hit me, I can invest in it. So I only invest in things that I understand. And regrettably, when I look at stocks or options or puts or calls or Forex or any of that,
I don't fully understand how much of it is self-fulfilled prophecy, which people are like, oh, it's Fibonacci, so it's going to go here and therefore it's going to do this. And they do that versus how much is actually happening versus what happens when a certain politician says something and then things change radically as well.
So for me, not having that, I only invest in things that I understand. Eine der Dinge, die ich nicht so gut verstehe, wie du es machst, ist, Unternehmen zu wachsen. Und du hast es auf einem wirklich beeindruckenden Niveau gemacht. Und du bist durchgekommen und du hast Dinge gemacht, die ein bisschen wie Gibson in den Grand Slam oder in den Home Run gespielt haben. Es ist wild, was du gemacht hast.
Es ist wirklich, wirklich beeindruckend. Thank you. What are some of the things that you've done, and you talked about it, and I love that you brought this up, and as hard as I pushed you on the opposite way, you immediately went back to the truth, which is, it's not just me.
You have to hire a team, you have to be surrounded by people that you like working with, that you're connected with, or you're doing something fun, where you treat them like family. But there's a lot of people who immediately want to go into systematizing and not understanding that you have to build culture, and you have to build all those other things along the way.
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Chapter 5: Why is options trading emphasized during volatility?
On top of that, one of the things that we have led the charge in for the last 25 years is education. And our education is free. You know, there's no, we don't charge for it. So somebody can go on online, they can watch live or we record the shows. We do about 15 hours, five days a week of live programming. Amazing stuff. Everything from a where do I begin to complex math.
So whatever your range is, we've got stuff out there. Other firms have information, they have education. So my ask is that people take time, put effort into this. This is not an easy business, but whatever business somebody is in, it's probably not an easy business. It took time to learn whatever they needed to learn to do whatever their job is. This is the same thing.
The stock market is not something, in my opinion, that you can just put five minutes a week into and say, well, I hope I make a lot of money. Now, if somebody... doesn't have the time or the interest, but they do have the money, your comment about just buying the S&P or QQQ, something like that, so you have NASDAQ exposure, S&P 500 exposure, works.
Low expense ratio, so you're not paying somebody 2%, 3%, 4%, because to me, you just don't need to do that. And if somebody says, well, paying 2% or 3%, it doesn't really make a difference, it really doesn't. We've done studies.
It doesn't make a massive amount of difference.
massive amount over time. You could see the returns over time and how much they change. You know, if you have an expense ratio, if you're paying 30, 40 basis points, 25 basis points. So it's there for the taking if somebody wants to put the effort into it.
So there's a lot of issues where people, A, they don't have the bandwidth. So either time, intelligence, whatever it is, it's just not their cup of tea. For example, I'm phenomenal at baseball. I'm horrible at basketball. So I don't try and do that. So outsource, it just is what it is. So if someone's like, hey, I know I need to do this.
There's real estate, there's options, there's all these different things that are coming in. If they don't have the bandwidth and they don't have the bandwidth, is it, again, I'm just trying to help people out, do they go in and just S&P, QQQ, whatever it is, walk away from it? Or do they say, no, this is important and I can make a living from this?
Because there's a bunch of people who, again, they've never seen the pullback. And you've got these crypto bros who think Bitcoin's always going to rise and take off and we're going to eliminate our currency by going to a cryptocurrency, which drives me nuts. So where do you, how do you help those basic people versus the ooh-la-lahs, the people up here who are moving things around?
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