Ryan Jacob CAE: Mastering Your Market
Traders fail for a variety of reasons. They may be too inexperienced, too emotional, too risky with their capital, or just plainly do not know what they are doing. Most of the time, they rely on trading indications they barely understand. This is why if there’s one piece of advice Ryan Jacob of CAE will dispense to young and aspiring traders: that is to master one market at a time, of their choosing.
What’s Your Market?
No one knows you better than yourself. This is why the market you choose will ultimately depend on you and your personality. You may trade gold and silver, certain currency pairs like EUR/USD, or you may want to study the movement of specific equities like Walmart (WMT) and Apple (APPL). What’s important is to pick one and only one, says CAE Ryan Jacob. The CAE CEO chose to trade the illiquid, non-exchange driven market of capital assets, particularly the semiconductor vertical. The decision to do so was born out of the observation that the semiconductor industry will only continue to grow.
Based on the calculations made by the Semiconductor Industry Association, sales of total worldwide semiconductor producers in the country grew from $33.4 billion in 1993 to over $154.8 billion in 2013—a compound annual growth rate of nearly 8%. Seeing the opportunity to ride this bullish semiconductor sector, Ryan Jacob positioned CAE to match buyers and sellers with secondary equipment. While trading secondary capital assets may not exactly be the same as being on a trading desk at a bank or brokerage, the underlying function is the same, which is to identify the best prices for clients, and reap big rewards at the same time.
Master the Market
Here are some tips for mastering the market by Ryan Jacob. The CAE CEO completed a management buyout in 2014 to become the company’s majority stockholder.
1. Trade only what you can afford in the market – It goes without saying you should only trade what you can afford and what you are willing to lose. The markets are never a sure thing. You can get lucky a few times, but luck always runs out, warns Ryan Jacob. CAE doesn’t run on luck but objective and informed decisions.
2. Pick a market you’re familiar with – When choosing a market, it helps to pick one you’re familiar with. For instance, if you’re a businessman, you may have a better idea of oil prices than the average person, as this can impact your operations. Or you may be sensitive to the price fluctuations of the USD if you import and export your products. These little things go a long way in your studies of that particular market.
3. Be patient – Mastery takes time, so be patient with your progress. While some traders seem to be better than others, there’s no point to comparing your performance with another’s if it’s only going to discourage you. In the beginning, you should be happy with your small wins, and go on to build on this every time until you become the best trader you can be.