Dave Lukas Chats with Robb Reinhold
386: Entrepreneurial Resilience, The Trader’s Mindset, and Life Wisdom with Maverick Trading Founder, Robb Reinhold
This week’s Misfit Entrepreneur is Robb Reinhold. Robb is the founder of Maverick Trading, a unique firm that provides capital to traders to help them succeed essentially staking them.
Robb has been trading the markets since 1997 and has devoted the last 15 years to the intricate fields of psychology, neuroscience, and behavior modification. He knows what it takes to succeed in one of the toughest games in the world.
Many of you know that I have owned a trading education business, 12 Minute Trading for almost 20 years and there is no doubt learning how to be a disciplined trader in the markets has helped me as an entrepreneur. And it all begins between your ears. I’ve asked Robb on today, not just to talk about building his trading business, but to share the lessons learned from trading that translate directly to entrepreneurial success.
Rob started his journey in sixth grade when he was inspired by a great teacher. He was taught about what it means to have your money work for you. But then he was in a car accident at 16. This led to a settlement which he took and invested in stocks. He almost doubled his money and was hooked. He then gave his earnings back as the market turned. It was the early stages of online trading and he found a company called Maverick Trading where he could learn and grow as a trader. As he became more successful and understood the business, it made sense to buy it, so he did becoming the owner and president.
After going through a number of stats of how most traders fail, why should someone consider trading despite those stats?
What are some of the key considerations and mindset shifts that aspiring traders need to keep in mind, especially those transitioning from traditional careers or entrepreneurial pursuits?
What are some of the biggest mistakes that traders, both new and experienced, tend to make, and how can these be addressed?
How do the mental aspects of trading, specifically the trading personality, play a crucial role in a trader's success, and how does this relate to entrepreneurship?
Any advice for individuals juggling both entrepreneurship and trading, trying to balance these two worlds effectively?
Any final thoughts or words of wisdom for those navigating the challenges of both entrepreneurship and trading?
What are some of the biggest challenges you've encountered as an entrepreneur?
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