We at Stock Streetwear aim to create a culture of people who are passionate about trading and want to incorporate their love of trading with their personal style. Introducing the first interview of our series, The Fabric of Traders, in which we catch up with your favorite traders to talk trading and fashion.
Our first interview is with none other than Conner Tyrrell, or as you may know him, Felony. Felony’s influence as a trader is undeniable, just take a look at his ~50K followers on Instagram. Felony is an entrepreneur, mentor, and options trader. We had the opportunity to chat with Felony and ask him some of our questions. We discussed his biggest obstacles, his personal fashion, and advice he has for new traders.
What can you tell us about your journey as a trader?
My journey was full of hardships due to who I was as a person. I lacked very important components which were needed to be a successful trader like patience, discipline, and self control, so I continuously struggled in my early stages. I can confidently say that me working on my internal struggles like those stated above really caused a pivot in my trading for the better.
Trading is one of the hardest careers in the world, as it takes a level of control not many have. Control in the aspect of managing your risk and, more importantly, managing your emotions. No two traders are the same but what helped me throughout my journey was just striving to be 1% better than I was yesterday, focusing on just developing a working system rather than worrying about how much I was making or losing. I devoted all my extra time, energy, and efforts into learning more about the market, and not just the market but learning who I was as a trader. Learning things like what I was comfortable trading with in terms of position, what setups I performed best on, what days I performed best, either green or red days etc etc. Journaling allowed me to really pinpoint those areas where I was strongest or weakest, which is why I give so much credit to journaling for where I am at this point in my journey.
What has been the biggest challenge for you in your trading career? How has this affected your perspective when trading?
My biggest challenge was, hands down, myself. Combating my bad habits and poor irrational trading like chasing gains and trying to trade like someone I wasn't, with money I wasn't comfortable losing, ultimately causing me to develop a lot of market trauma. Which then caused me to be scared to trade and resulted in a harder trading experience. The effect it had on my journey was tremendous, lengthening it ten-fold due to the big hole I dug myself in 1) mentally and 2) financially. If I approached trading with a different mindset, like I have now, I truly believe I would have obtained profitability in half the time I did, which was close to 2 years.
How have you developed the mental toughness needed to become a Day Trader?
Developing the mental toughness needed to become a trader is all done through experience and, unfortunately, I developed it by learning what NOT to do. Totally not the right way to go about it, as you can learn how to trade properly by seeking the proper knowledge and education from a reputable mentor who you want to replicate, in terms of where they are in life and trading. Nothing wrong with reaching out for help, that is one thing I didn't do due to me thinking I knew everything, another bad habit of mine.
Between Jordan 1 - 23, which one is your favorite?
My favorite Jordans start with the 3's, then in order I'd say definitely 1, 5, 7, 9, 11, 13 and 19's.
How would you describe your personal fashion style? Do you feel like your personality as a trader is expressed in your fashion?
Personally, my fashion style is very bland. Not proud to say lol but my closet is filled with all neutral colors and mostly things I find comfortable rather than what looks good. I am not a huge fashion guy, but I do my best. I love collecting shoes, watches, and gold at the moment, but I'd say my personality is not expressed through my fashion. More of a laid back subtle vibe versus my trading style.
For all the aspiring traders out there who want to follow your path, any words of advice for them?
To all developing traders eager to become successful in the market, my #1 advice to you would be take it slow. Do not force anything, seek the proper education, and journal. Let experience be your teacher and don't trade with money you can't afford to lose. Trading is a career where you have to fall in love with the journey. If you are trading for the money, you will not make it. I truly believe everyone has the potential to become profitable, it’s all about how bad you want it.