257: How To Not Lose All Your Money Trading - Johnny Profita
The Expat Money Show - With Mikkel Thorup · Mikkel Thorup
Audio is streamed directly from the publisher (episodes.captivate.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
TODAY'S CONVERSATION WITH JOHNNY PROFITA
- Listen to Johnny recount how he “fell into” the world of finance as someone for whom math ”wasn’t one of his strong points” - with a degree in history, not finance!
- Hear Johny lay out some of his rules for trading, most of which he had to learn the hard way - by making costly mistakes.
- Johnny and I discuss the difficult but necessary task of removing feelings and emotions from the trading process.
- I recall how some of the lessons I learned myself the hard way by losing money in my options trading days.
- Johnny explains his motto for trading: "1% day keeps the 9 to 5 away.”
- Hear Johnny describe the disturbing trend with IPOs over the last couple of decades which has seen many retail traders left holding the bag.
- Johnny and I discuss the outlook for new traders looking to enter the market now, as high-interest rates have put an end to the flow of free money.
- Will the dollar remain the world’s reserve currency for much longer? Johnny gives his prediction of what’s in store for the world’s currency markets.
- We discuss the fine line between being prepared for what is going to happen economically without acting like “The End” is always around the corner.
- Lastly, Johnny highlights the sharp increase in happiness he has found since leaving his “abusive relationship” with Chicago and starting a new life in Puerto Vallarta, Mexico.
RELATED EPISODES
237: What's It Like Relocating to Mexico When the World Doesn't Make Sense - Jonathan Lockwood 123: Investing in Foreign Stock Markets Like A Boss - Eric Schleien 093: Why Are People Leaving The USA – Travis LutherHOW TO FIND JOHNNY’S WORK
Peddling Fiction Podcast Peddling Fiction SubstackCONCLUSION
What I had first planned as a conversation about Mexico turned into an important conversation about the nature of trading and how to avoid many of the same mistakes Johnny and I have made in our own time. Once the conversation turned to Johnny’s experience on this, I just had to dig in deeper, as it’s a topic we haven’t covered extensively on the show yet. See you next Wednesday!Mentioned in this episode:
Gold in the Caribbean—No Bank Can Touch It
Fiat is failing. Banks are cracking. And smart investors are moving their gold offshore—outside the system. I’ve partnered with a fully insured private vault in the Caribbean where you can buy, store, and protect physical gold… legally and securely. The entire account opening is done online—fast, private, and no nonsense. If you’re serious about protecting your wealth, get the details now at ExpatMoney.com/gold
No Plan-B Without the Language
If you’re planning to move overseas—or even just set up your offshore Plan-B—learning the local language isn’t optional. It’s protection. It’s access. It’s power. StoryLearning makes it easy to start today, from home, by immersing you in real stories—not grammar drills. Spanish, Portuguese, French, and more—learn the language the smart way before you land. Go to StoryLearningCourses.com.
Join Me In Panama For Our Next Tour
I have great news. After many meetings and explanations, the Panamanian government has agreed to keep the Investors Visa at a $300k Real Estate investment instead of nearly doubling the amount required, as they said they would. This is a massive win for our community who wants to move to or invest in Panama, but I am not sure how long this will last… If you have been thinking about Panama, then I want to make an invitation to you today. Come join me for a special four-day tour to see if the country I call home is right for you and your family. We have just released the next set of trip dates. You can find out more at ExpatMoney.com/fly. Come visit me and the Expat Money team, get a feel for the country and see if Panama makes sense for investment or as a new home.
Panama Fly'n Buy Real Estate Tour
Gold in the Caribbean—No Bank Can Touch It
Fiat is failing. Banks are cracking. And smart investors are moving their gold offshore—outside the system. I’ve partnered with a fully insured private vault in the Caribbean where you can buy, store, and protect physical gold… legally and securely. The entire account opening is done online—fast, private, and no nonsense. If you’re serious about protecting your wealth, get the details now at ExpatMoney.com/gold
No Plan-B Without the Language
If you’re planning to move overseas—or even just set up your offshore Plan-B—learning the local language isn’t optional. It’s protection. It’s access. It’s power. StoryLearning makes it easy to start today, from home, by immersing you in real stories—not grammar drills. Spanish, Portuguese, French, and more—learn the language the smart way before you land. Go to StoryLearningCourses.com.