Investing or trading stocks, ETFs, and other valuable assets is a high stakes game. Amateur investors can lose it all or gain riches overnight, but it all depends on their technique and mindset towards trading. According to Business Insider, an overwhelming number of day traders, or individuals who buy and sell a security the same day, lose their money. The statistics showed that 97% of Brazilian day traders lost all their money in a little less than a year while forex counterparts fared similarly. Of course, not all investors are practicing short-term tactics like day trading, but they still struggle.
In Kevin Pyne’s opinion, most new and struggling traders quickly lose themselves in publicly available investment advice. They don’t know what method works best for them and they’re frequently looking at problems in the wrong order. Pyne, who owns Trading Buddy System, a coaching platform for new and struggling traders, understands this confusing path. When he first entered the investment world, Kevin made many mistakes that caused him to lose massive amounts of money. However, as an established coach and full-time trader who is continuously profitable, Kevin has much wisdom to share.
"I know what new and struggling traders are going through from lived experience. I spent eight years trading by myself and struggling because I didn’t have a mentor that could guide me correctly. Once I finally started working with my mentor, I instantly recognized the knowledge he had that I didn’t. Over the next few years, I was motivated to become a trainer and help others who were in my previous position, which is why I founded Trading Buddy System,” says Pyne.
Far before Kevin founded Trading Buddy System, he had the dream of becoming an entrepreneur. Although he knew it would take many years to succeed, Kevin wanted a life of freedom and financial security for himself and his family. After he realized this desire, he secured a job at an investment firm. Kevin initially started working as a phone salesman. The position wasn’t very enjoyable since he is more of an introvert, but the tools he was selling were available to him free of charge. This unique advantage allowed him to study effective investing methods that could be profitable despite market conditions. These disciplines included forex, stocks, options, and futures. Once Kevin became adept at trading in these fields, he found an opportunity to become a licensed broker and supervisor at another investment firm. While offering trading advice for clients, Kevin was trading in his free time. He experienced many highs and lows that he believed were essential for becoming a better trader.
Shortly after Kevin settled into his trading position, his mentor encouraged him to join their Prop firm, as an instructor. Kevin felt honored to be working with other traders that were much more experienced than him. His part-time instructor position with new and struggling traders boosted his confidence significantly. From that point forward, Kevin saw his skills with a different perspective. Older, more experienced traders had seen his potential, which caused him to do the same. This mindset shift caused Kevin to start mentoring his work colleagues about investing before he finally left to trade full-time.
Leaving the corporate world was the best decision Kevin ever made. While it was extremely difficult to adjust, he soon saw the benefits. He could spend more time with his wife and six children doing things he loved. Although his trading was profitable most days, there were times of struggle.
“Many times when I started trading full-time, I made certain mistakes that not only cost me lots of money, but also took me months to recover from mentally. Because of these setbacks, I almost quit trading multiple times. Thankfully, I had a mentor that put my suffering into perspective. He helped me see my mistakes from a guilt-free light and pushed me to embrace the struggles in order to find success.”
Kevin’s company Trading Buddy System was established to demonstrate that anyone can become a successful trader if they have the correct principles. To do this, Kevin offers informative courses and one-on-one coaching sessions to solve different problems his clients face. Whether they are self-sabotaging thoughts or risky trading methods, Kevin can offer actionable solutions. The Trading Buddy System teaches new and struggling traders how to authentically confront their personal struggles and take the correct steps to reach their goals.
Since Kevin first started coaching new and struggling traders, his passion for helping others has grown everyday. His mission has always been to provide clear value for every step of his clients’ journey.
Within the next five years, Kevin expects his business to scale dramatically, building a supportive community for new and struggling traders. His ultimate goal is to onboard mentors who can offer clients a diverse selection of coaching and support more advanced traders looking for strategies to overcome mental obstacles.
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Name: Kevin Pyne
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There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation.
