Blowout Loss Creates a Cold-Blooded Killer · Shark (SMB Capital)
ฝัง
- เผยแพร่เมื่อ 15 พ.ค. 2024
- EP 233 | Blowout Loss Creates a Cold-Blooded Killer w/ Kenny Sharkness
This year I’ve brought you some truly phenomenal traders and it continues, right here…
Kenny Sharkness (aka Shark) is one of the greatest success stories to come out of proprietary trading firm SMB Capital. In the span of a decade, he’s gone from being clueless about bids/offers to having realised eight-figure years.
After reflecting on his first steps as an aspiring day trader, Kenny tells of a monumental loss that had a positively profound impact, and the ways in which he’s continually pushed boundaries to remain a top performing trader.
00:00 - Intro
01:52 - Early Experience
06:50 - Slow Progress
10:14 - Consistently Profitable
15:35 - Growing PnL & Risk / Blowout Loss
23:56 - Pushing Boundaries
32:06 - Trading Playbook
37:53 - Options Hedging
42:58 - Technology
44:15 - New Year Preparation
47:30 - Mindset After Success
48:48 - Outro
Show notes:
chatwithtraders.com/233
#DayTrading #StockTrading #Podcast
No IG, no Twitter, no plugging anything. Man is truly a sniper of a trader.
Great job by Aaron securing this interview with Shark. Shark is one of the best traders in our trading space, let alone our prop trading firm. This is the first one-on-one interview he has ever given for the trading community. From my seat, it has been so much fun watching him grow as a trader. We are so grateful to have been lucky enough to work with him. He is not just an amazing trader, but also a terrific person.
You're awesome Mike
🔥🔥
I never knew his name was last name was Sharkness. I just thought he was crushing it at the firm and got a nickname because of it.
No, great job for you for securing this promotional piece for SMB capital without revealing any useful info at all
@@TravisBandManAndy Sharkness probably isn't his real name. He said he doesn't do social media so he must want to keep his privacy.
He sounds dead inside, true trader right here.
😂😂
lmfao. Markets can't hurt you if you're already dead inside
Lmfao that’s funny right ther
Lmao
🤣
As backwards as it sounds, there really is a lot to be gained from blowing up and emerging from the ashes like a phoenix. That is, if you truly internalize it and strive for better constantly. I lost nearly forty thousand dollars after building an account from essentially nothing. The depression from that along with unrelated life events numbed most of the fear out of me. When I first started trading, I pictured what most people probably picture; a luxurious lifestyle filled with excitement. Over the years I have become MUCH less materialistic, having realized the true prize is not working 40 hours a week doing something I have no interest in just to pay the bills.
It's definitely a life-long journey. I'm glad I saved this interview for later, since CWT seems to be in an adjustment phase at the moment.
'How you doing?' - '...well I can't get into specifics but lets just say I'm OK'
😂😂😂
Omg, I’ve been waiting for an interview with this guy forever!! Thank you!!
There is so much great info in this interview about both trading strategies and personal development as a trader. So many people in the comments are reflecting the pain they are feeling in their portfolios. Seems like a lot of people here forget that personal development as a trader is personal. Nobody can make you grow, you have to do the work. Great interview, been looking forward to hearing from Shark for a long time! Cheers
These interviews are so crucial to new traders. Thanks so much Aaron.
I was disappointed with this one at first but after 3-4 listens there is a lot of great info in this that is very relatable
Trading is all about passion , willingness to learn and give yourself time to turn the curve. This is all about !
Thanks a lot!!
Very refreshing and a lot of insights on the trades journey that help a lot 💯
Oh man, I have been waiting for this episode!
So glad Shark has opened up to chat.
Great insights as always Shark 🦈
It’s interesting 🧐 how people talk about this interview as if it didn’t have any gems 💎 it doesn’t matter what he’s trading or what his game winning playbook look 👀 like. If you listen 🎧 closely you’ll notice that their is a certain mentality these traders have in common. The gems 💎 in this interview thinking in terms of risk and overall mindset it takes to be an incredible trader.
interview sucked bro
I love the psychological aspect of trading. You trade like your personality is.
Appreciate it Aaron for getting this guy, regarding the comment section here I can understand the sentiment,
I'd suggest changing the questions a little bit, walking thru biggest wins and biggest losses, every good trader will say the same things about risk etc and for the non beginners out there it's less valuable.
still enjoy the podcast very much, thanks you Aaron and Kenny.
It took him 5-6 years to make his first million. I had 40k account and wanted to grow it into a million in one years after having couple of big winners. My first year ended with 100k loss of my own money and I’ve learned my lesson. I was absolutely delusional. It takes time guys. I don’t regret the mistakes and losses because most of it was actually psychological and related to trading but my 100k total loss (3 30k accounts blew up) could have been 20k max. I still I gained different pain tolerance since I’m an aggressive trader and I trade with size. My strategy is to risk very and make a lot which works when due to the money losses I never hold my winners and close my winning position. I know I’m gonna make it but this time I’m willing to be more patient. It may sound odd but best traders don’t try to make money. They trade the market and the chart and the p&l is irrelevant
AMAZING INTERVIEW
great psychology tips , gold !
Wowzers! The Shark !
What a chance to hear out Shark! :-)
This was a long time coming forealz! 👍👍
Been waiting for this one! 🦈 Shark
I like his approach!!
Made over a quarter-mil my first 5 months of trading, and the year is not over yet. I continue to learn and profit to this day!
Can you send me 2k so I can pay my bills
Been waiting for a Shark interview for ages, awesome!!
Key takeaway: “little bit”. Thanks, Shark!
even listening these podcasts is an edge imo
Lmao... Edge in what? FOMO.
@@Trumppower fomo can be a good motivation source to work hard too but what I am mean is that almost every episode gave me a new point of view about markets. I am a systematic forex trader but I might learn something new from a futures trader etc. These podcasts are here but not many traders bother to listen, usually people just want to see shiny things and dont even care about the value of the information they get
true
Like how he keeps a low profile. Old school trader style.
A Timely podcast.... I'm sure this will be speaking volumes to a lot of traders out there who are being absolutely decimated in this current market.
May I suggest you continue to put out podcasts with a focus on rebuilding after a loss, risk management, strategy building, and psychology?
Great content as always!
Good
General
1. Learning Process / Market Type
2. Psychology / Strategy
Great interview skills Aaron! Shark was a bit underwhelming though. He didn’t open up much and held his cards too close to his chest. Thanks for posting!
So true
He pretty much said all the stuff they say in the SMB videos so I guess it works huh.
@@proprietarycurez8463 lol no
@@MobtacticsBruh You're not journaling hard enough.
Having some edge in todays volatile, fast changing markets is very tight. That's a very good reason to not show any card. You really have to do the work and try to find new ideas every single day to stay in the game!
SHARK 🦈 IS A BEAST!!!!! Looking forward to this one!!! 💯
Wow man this guy is a LEGEND!!!! I want to hear more from Shark
Wow!!!
Been wating for this long time ago
Damn why so much hate.. everyone mad they down on their trades right now lmao. Search up other interviews with Shark then this guy is awesome.
Already know this podcast is about to be great. Shark is a beast from everything I hear about him.
The KBIO trade tells you everything you need to know. This company was a joke and so many guys got caught short. Being able to come back after that is a testament to his risk management and resilience.
Excellent, thanks Shark & Aaron
I like how he was like “when did you hit your first million dollar year?” and Shark can’t remember. Can’t wait for that day lol
Great podcast episode
What did you gain from it? Let me answer because I already know, nothing. He didn’t reveal a friggin thing
This is the only podcast I rewind the intro about 5-10 times before I listen
Did he say one the strategies is 34 calls/ 1 short call?
Did anyone else hear that?
Seriously asking.
36:30. If he's going short on the front side. He said he bought 32 calls, as he was adding to his short position.
If it keeps going up and he wants to stay in, he will sell his calls, and buy double a (few) strikes up.
Bravo! Shark Social media is Time sucking sewer...
The 🐐
Shark!! Finally!
A lot of hate for a world class trader in these comments.. CWT isn’t really a good place to find edge IMO, you should find a trading mentor or go watch charts for that. He offers some sound emotional advice for a serious trader in this video. Plus, if you’d really looked, you’d probably find the ~10 SMB Capital educational videos featuring Shark. but #dontstudy, easier to take your money
Hi Kyle. I've only seen two SMB videos featuring Shark. Are there really approximately ten?
So a interview about nothing? Got it. Next episode you have to pay me to listen now.
Exactly, literally 50 min talking about nothing, similar to any other SMB interview
No waaayy!!?!!!
i liked this even before i pressed the play button
👍
"When in doubt, get out."
He sounds a lot like Toby Flenderson
Finally - I thought Shark was a robot! Nice to know he's just as fallible as all of us! But to be honest - this interview was a bit underwhelming
i believe
Crybabies whining about his tone or keeping to himself, or even bitching about "wasteful podcasts" , you go and do your own whining podcasts, let's see how many comments we get on how fruitless you are yourselves. What do you want out of others? It is what it is, there is something to decipher and keep out of this podcast. Ultimately ask yourself how long you're gonna depend on things like this to live and thrive
BIG FACTS.
SMB bs 😂 and stuff the other rip offs already said
Well this is heavily lacking any kind of quality information. He really doesn’t want to give out his simple strategies bc he knows they’re so easy to implement. Really has to hold himself back.
Yeah it was really easy to tune out because it was basically 50 minutes of someone talking without saying anything. Tbh these podcasts are probably a complete waste of time if you want to learn anything useful. I'll never understand the whole "muh edge will be lost if I talk about what I'm doing" attitude. None of these guys are doing anything special that will stop working if they talk about it.
@@dan9736 honestly there are some that are great and if you really are a beginner it really trains your mind to think like a trader and be able to spot where there’s an edge on your own, BUT after that….yeeeeaaa many of these episodes are a waste.
Trading is more physiology than strategies. He can give you the entire strategy detailed and you can’t do anything with that. Novices always looking for the wrong thing…
@@Gmer00 give me the strategy and I’ll prove you wrong
If you think that this podcast offers nothing useful for a developing trader... you're f'd up already.. and the market will f you up even more 👊😎
Most of these interviews are just a commercial for SMB capital. Zero actionable knowledge. At least Richard Moglen asks people to show some trades.
What's his podcast called?
@@brandonhenry8271 Trader Lion I believe.
The title and interview itself are click bate. "Shark" is probably as good as he's made out to be but there ain't anything in this interview. To quote Rodger Waters, Shark reminds me of 'cold shafts of broken glass.'
This guy doesn’t remember his first $1M year?
Lol BS
36:25 “without giving away too much” 🤔
Another aloof trader that doesn't reveal anything practical. Waste of time.
He said the most important thing you need to know about trading, what are you taking about?
@@303cris He was probably hoping for Shark would give away a strategy he could just copy and paste
Trading professionally is discretionary. I highly suggest you go and brush up and take some courses.
Who does?
This trader is among the best out there in these times. Anybody who has anything negative to say about him is obviously having a really tough time currently or simply a complete fake…
Why does Shark still need to trade at SMB? Why give up portion of his wins. And don't say resources either. That's not it.
I work at a prop firm and I can say that , U can use their money much more freely because its not your money. I could lose 5000 a day and not be worried but if its my money its much harder.
Also believe it or not those resources are really helpful. I am not talking about scanners etc that bullshit. But more like what other traders trade , when did they long / short.
U could easily make 1000 a day just following a senior trader and copying it.
That’s awesome and good insight
Dude just didn't want to talk, why even bother with an interview?
Complete waist of time on this episode. Nothing really interesting. No useful insight and the whole time he was like “when does this finish, I got to go” in my opinion. Same as Mike Bela from SMB. Mike was 2-3 insights and then just ad of his prop desk. But I liked the questions though. Thanks Aaron.
Aaron I can see why you held off posting this one. There is almost no reason to post it is probably the main reason lmao. It’s like you’re talking to a rock.
SMB is so cringe. All their "cool" nicknames... We got "Shark", "Prep", "Bella", etc 🙄
🎸🎸🎸🎸
Nothing new in Trader land.. Winners making more money losers loosing more.
Hes short AMC off that kill candle pin hammer engulfment on the Daily in the overbought condition. Obvious....Is his last name really Sharkness?
SMB marketing boy 🤣
Such a disappointment to say the least...
Read "The playbook" by mike bellafiore, you will learn everything you need to know about shark.
@@redot9914 or maybe don't read it as it also reveals about the same as this interview-Notting
@@fritzmetzger22 Then you have nothing to do with trading im sorry
@@redot9914 I am a profitable full time trader. A trading book that doesn't talk about set-ups is useless. Psychology and attitude are useless without a good set-up to back them up. The fact that you worship this guy blindly says all about your intellect and ability. Focus on being a TH-cam troll because that's all you can be
@@redot9914 the book was terrible...I see you're easy to please
Really? What's the big deal with discussing his strategy? Is it really necessary be so secret? Who cares.
Obviously you care lol 😂
Liked it until he said he shorted AMC....Sorry
AMC is a momentum stock. And all momentum stocks have an expiration date. If you're still holding, don't kid yourself that "this time is different" - it will bury anyone still holding.
@@InJunoWeTrust good point, i ll rem that
lol
“Without giving away too much” 🤷🏾♂️ this was like a casual chat getting worse as it went on 🥱
it really sucked