S2E48 - Simon Ree - The 5 big myths of Wall St

Simon Ree The 5 big myths of Wall St. My next guest has a #1 best-selling book, The Tao Of Trading, and he is the founder of a platform that teaches you how to generate ongoing revenue through options trading. He has three decades of experience in the financial markets including senior positions at Goldman Sachs and Citi Bank. In this episode, we dive into the 5 big myths of Wall St, how he generates 5% per month with options trading, and where this bear market is going from here. Please welcome Simon Ree. Key Timecodes (01:01) - Background history (04:16) - Understanding his platform (05:49) - Deeper into his strategies (06:50) - What is his spread strategy (08:07) - How does he apply this strategy in this volatile market of today (09:08) - What kind of returns does he get with that approach? (10:21) - A parallel with TYKR strategy (11:59) - What are the five big myths of Wall Street? (16:49) - Education is the key to getting started into that approaches (18:42) - How long is the training program that he recommends? (19:39) - How can beginners safely start trading? (20:40) - What is the amount of money to start? (22:35) - The warning signs and how to control emotions and risks on that approach (23:38) - A bit about Compounding interest (26:46) - The challenges of the next five years (29:53) - What are the impacts of unemployment and recession on that market? (36:09) - The worst business or investment advice he ever received (36:40) - The best business or investment advice he ever received (38:16) - Guest contacts Payback Time Podcast Payback Time is a podcast for investors. The goal of this podcast is to help make investing approachable and easy to understand. We will interview beginner and experienced investors and ask them to share stories on how they got started, what challenges they faced, what mistakes they made, and what strategy works for them today. The overall objective is to provide you with a roadmap that helps you become a better investor.