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Friday, March 1, 2024

EP 101: Latching onto trends, strategic business moves, and breaking the norm w/ Siam Kidd

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My guest for episode 1-0-1 is Siam Kidd, from Norwich in the UK. He’s a former-air force pilot, turned retail trader. He’s also a serial entrepreneur, and on a quest to dramatically improve the schooling system.

We got to chat about his shaky beginnings as a trader, his rock bottom moment, and how he trades currency pairs—using a technical-driven approach, with the goal of catching major trends when they happen.

During the later half, I ask Siam about why he got into business, how he’s found the ability to “think big” and how he’s gotten to a point where he now owns fifteen businesses. Then we also talk about flaws in the schooling system, Siam’s grand scheme, and what the future has in store for us.

Please spare two-minutes to take the anonymous Chat With Traders survey: click here

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Topics of discussion:

  • Siam shares his failed attempt at becoming a roulette rockstar, greatest trading mistakes as a newbie, and his rock bottom moment—the “cheese and mayo story.”
  • How Siam trades currency markets; taking many small bites (small losses, small wins), in anticipation of catching occasional major trends (major wins).
  • Why trend following typically has a low win rate and how Siam manages risk accordingly. Plus, how he sizes positions and scales into winning trades.
  • Can you get rich from trading alone? Siam explains why he got into business, and how he went from owning one business to now owning fifteen businesses.
  • Siam gives his thoughts on why the schooling system is fundamentally broken, why the “40-40-40 plan” is a joke, and how he plans to change the game.

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