Jeremy Nitta is the CEO of Trading Funder and a highly experienced trading expert with a proven track record in the Futures market. In this interview with The Industry Leaders, Jeremy shares his top advice for business professionals, focusing on the 3 things he wishes he'd known when starting out in the trading industry.
For those who don't know anything about you or your work, can you provide a bit of background?
It's my pleasure to share my story, and I appreciate the opportunity to connect with your readers! My journey in the trading industry began when I was a teenager, fascinated by the financial markets and the potential they held. I started learning about trading strategies and market analysis through books, online resources, and by seeking advice from experienced traders.
After completing my education in finance, I started my career as a freelancer, working with various clients to help them navigate the world of trading. This experience allowed me to develop a deep understanding of the diverse needs and challenges that traders face. Over time, I honed my skills in the Futures market, where I discovered my true passion and talent for trading.
Recognizing the need for a supportive community and resources for other Futures traders, I founded a successful trading room where individuals could come together, share their knowledge, and grow together as traders. This endeavor eventually led to the creation of Trading Funder, a company that provides support, guidance, and resources to Futures traders, with a focus on empowering them to achieve success in the industry.
Throughout my career, I've been fortunate to learn from my experiences and the wisdom of others, which has allowed me to grow both professionally and personally. I'm always eager to share my insights with others in the hope that it can help them on their journey in the trading world.
Was any one person who was instrumental in helping you get from where you started out, to where you are now?
There have been many influential people throughout my journey, but one person, in particular, stands out as having been instrumental in my growth and success. My mentor, David, played a significant role in helping me transition from a novice trader to the experienced professional I am today.
David, an accomplished trader himself, took me under his wing when I was still finding my footing in the industry. He not only taught me valuable technical and fundamental analysis skills but also shared his wisdom on the psychological aspects of trading. David emphasized the importance of discipline, patience, and emotional control, which are critical to long-term success in trading.
One key lesson I learned from David was to embrace failure as an opportunity to learn and grow. This mindset shift proved invaluable, as it allowed me to bounce back from setbacks and continue refining my strategies and approach.
David's unwavering support and guidance have been fundamental to my progress in the trading world, and I am forever grateful for the knowledge and confidence he has instilled in me. I believe that having a mentor like David can make a world of difference in one's journey, and I strive to be that guiding figure for others as the CEO of Trading Funder.
Is there a particular piece of advice you were given in the early days of your business journey that you still benefit from today?
One valuable piece of advice I received early in my trading journey was to "always be a student of the market." This mindset has been crucial to my success, as it has kept me curious, adaptable, and resilient in the face of challenges. Embracing continuous learning and a growth mindset has allowed me to stay ahead in the ever-evolving financial markets and refine my strategies. This advice can be beneficial for professionals in any industry, helping them remain competitive and innovative in a rapidly changing world.
What is the most important lesson you've learned about leadership in your business journey so far?
The most important lesson I've learned about leadership throughout my business journey is the significance of empathy and effective communication. Understanding the needs, challenges, and aspirations of your team members allows you to create an environment where they feel valued and supported. By fostering open communication and genuinely listening to their concerns and ideas, you can build trust and strengthen your relationships with your team.
Empathy and communication are also crucial in making well-informed decisions that consider the perspectives of everyone involved. A leader who understands and appreciates their team's input can create a collaborative and innovative culture, empowering individuals to reach their full potential.
What are the top three things you wish you'd known when you were just starting out?
Looking back at my early days in the trading world, there are three key lessons I wish I had known that would have significantly shaped my approach and contributed to my success.
The importance of a solid risk management strategy: When I was just starting out, I didn't fully grasp the critical role that risk management plays in long-term trading success. I wish I'd known that establishing a well-defined risk management plan, including setting stop-loss orders and position sizing, is essential for protecting your capital and ensuring consistent growth.
The value of networking and mentorship: Early in my career, I underestimated the power of connecting with other professionals in the industry and seeking guidance from experienced mentors. I wish I had known that building relationships and learning from others' expertise and experiences could significantly accelerate my growth and help me avoid common pitfalls.
Patience and discipline are key: When I first entered the trading world, I was eager to make quick profits and chase opportunities without fully understanding the market dynamics. I wish I'd known that patience and discipline are crucial for long-term success, as they help traders avoid impulsive decisions and stick to their well-researched strategies. Cultivating these qualities can lead to more consistent results and a sustainable trading career.
In your experience, what is the most effective way to build a strong network of mentors and advisors to guide you in your business endeavors?
To effectively build a strong network of mentors and advisors, follow these steps: Identify the right mentors, leverage online platforms, attend industry events, be genuine and offer value, maintain regular communication, and join relevant organizations. By being proactive and genuine in your approach, you can create meaningful connections with professionals who can guide you in your business endeavors.
How do you determine when it's time to pivot, and what factors should you consider in making that decision?
When determining if it's time to pivot, consider several factors: personal satisfaction in your current role or strategy, market changes affecting your industry, financial performance, opportunities for personal growth and development, maintaining a healthy work-life balance, and feedback/results from your work. Reflect on these aspects and assess how they impact your personal and professional life. Being honest with yourself about your situation will help you decide if a pivot is necessary, whether it's a new job, career change, or adjusting your business strategy.
How do you stay motivated and inspired during the business cycle of ups and downs?
To stay motivated during business ups and downs, set clear goals, celebrate small wins, maintain a work-life balance, seek support from your network, stay informed about industry trends, embrace a growth mindset, and reflect on your achievements. These strategies help maintain focus, resilience, and a positive attitude during challenging times.
Looking back, what one thing would you do differently if you could start your journey over again?
Looking back, if I could start my journey over again, the one thing I would do differently is invest more time in building a strong network of mentors, advisors, and peers from the very beginning. These relationships provide valuable guidance, support, and insights that can significantly accelerate personal and professional growth, helping to navigate challenges and avoid common pitfalls more effectively.
Where should people follow you to find out more about your work?
People can follow me and find out more about my work on these platforms: Twitter: @JeremyNitta Feel free to connect and engage with me on these twitter to stay updated on my insights, experiences, and achievements in the trading industry.