The Power of Options Trading - Inside Wall Street with Chris Capre Inside Wall Street

"I use blue and white candles on my graphs instead of red and green because red triggers a different reaction in the brain which affects my trading."
"There is no consistency in your trading if there is no consistency in your brain."
"Markets take the elevator up and the stairs down."

Rodrigo Cerda speaks with Chris Capre a former broker on Wall Street, former hedge fund trader, and founder of 2ndSkies Trading, Lead Educator at Benzinga Options Trading School about trading the markets with a consistent profit.
Guest:
Chris Capre
CEO & Head Trader at 2nd Skies Trading
Lead Instructor at Benzinga Options Trading School
Host:
Rodrigo Cerda
Benzinga Pro Product Expert
Transcript:
All right. Welcome ladies and gentlemen, to another episode of inside wall street today with us chief educator at Benzinga option school. Chris Capri is going to be here with us today. How are you doing Chris? Very good news. I'm doing good, man. I'm doing good. There's so much here to cover a lot of interesting topics here and facts that you seem to be as someone that has an interesting background.

 Let's just start from the beginning here. I'd say Chris, how did you get into trading. ?
So 2000, 2001, I was a full-time yoga teacher. And so I wasn't on any necessarily particular career path. At that time, I had graduated at the university with a bachelor's in philosophy, and I was finishing up my undergrad in neuroscience while going for my masters in philosophy.

And I decided to take a break from a kind of like my dual degrees and a. Went to California to spend some time out there and just work on some personal things in my life that I felt like needed to go in a different direction. And so I started teaching yoga meditation after I got into it for about a year.

And  you realize very quickly that okay, unless I go down a very specific career path in yoga, this is not going to bring me the financial means. To really do the things that I want to do in life. And it's not that I want them like 10 Ferrari's or anything like that. It's more of I realize I have to build up a financial portfolio to really achieve and accomplish.

Do some of the things I want to do in my life at that time. So I started getting into just trading stocks and mutual funds at the very beginning. This is early 2000, 2001 before the.com bubble.  In the process I had started working with a client and he was a radiologist who had retired early.

He sold technology or radiology technology to Kodak.  Millions of dollars. Like he was a DECA millionaire several times over and as I was working with him one day, he comes up to me and he's Hey, I was reading this book and I've never had this before, but I had this strange intuition that you need to read this book.

I have a feeling that you need to read this book. This is something that you need to do, but in the book was about currency. At that time. And it was a story about an American who was an athlete and he doesn't know what to do after college very much like me. And he ended up getting a job, working for an outfit in Japan, trading currencies that led to some incredible stories and experiences in his life.

And I read the book and I felt oh yeah, I definitely want to try this out. And so keep in mind, this is like early two thousands, 2001, 2002, 2003. This is the early part of that decade. And so very little. Websites on the planet about trading FX or stocks or options or anything like that. And so I had to just teach myself.

So I got a demo account back then and I treated the moment I opened up the demo upon account and the platform I just instantly lit up. And I knew, I just felt like this made sense to me. There was just something about the platform like, Hey, I understand the language. I feel like I can read the charts.

I feel like whatever was in this platform made sense to me. It just clicked instantly. And a month later I went With a $3,000 account. And by six months later, that account was $83,0