In Secrets from Successful Traders we’re here to share with you the best advice from successful professional traders from our very own NetPicks community. If you would like to share your success stories with us and be featured on Secrets from Successful Traders, contact us at info@netpicks.com.
Today we have a great success story from Everett Kelley, who actually joined the NetPicks community by winning the Seven Summits Trader from an online contest! Check out the trading philosophy and market perspective that keeps Everett on top of his trades as he sits down with Troy “TJ” Noonan. Enjoy the audio clip below!
Professional Day Trader Everett Kelley
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Transcript:
Troy Noonan: Hi, everybody. I’m here today with Everett Kelley, a — an SST owner and member. And interestingly enough, Everett won the contest a few months back when we released the SST. He actually won the drawing and received a free SST. And, you know, we’ve given away trade systems over the years and I don’t recall ever really hearing from any of the members that received one free. And then all of the sudden out of the blue, we get a message from Everett that he has been just kicking butt with the SST and he was very grateful and obviously we’re excited to hear that so we thought we could get him on the line and let him tell everybody his story. It’s really quite interesting. So, Everett, say hello to everybody.
Everett Kelley: Hey. How are you doing?
Troy: (Chuckles) All right. So let’s start out with, you know, just the basics, where are you from, where do you live, that sort of thing.
Everett: Okay. My name is Everett.
Everett: I’m — I’m married. I got three children. I’m a registered nurse. I live in a little town called Bellevue, Georgia. It’s about halfway between Lincoln and Savannah. I’ve been here all my life. I’ve been trading about 10 years off and on with really not much success until I was lucky enough to come across SST. And it’s the sweetest thing I’ve ever won in my whole life and it’s probably been the best thing I ever won.
Troy: (Chuckles) That’s amazing.
Everett: It’s — it’s radically changed my trade — doing trade management and a lot of other things but I’m — I’m eternally grateful to NetPicks for choosing me and I didn’t and probably — I probably wouldn’t be where I’m at today.
Troy: Wow. That’s — that’s incredible. You give me goose bumps there. So tell me, you’re a registered nurse, how — what — what got you into trading?
Everett: Money. (laughs) Or lack thereof. No, I — obviously I always had been interested. I’ve done the eMini for years and I started off just scalping it off of the CNN and calling a broker and paid him $75 –
[0:02:02]
Everett: …and I was doing a $1,000 a day just watching the spot go up and down and I – I said, “Hey, I can do this myself,” and I got rid of the broker. I mean I lived pretty well with it and just due to lack of trade management, (I) overtraded and busted out. That happens I’m sure with, you know, everybody but the nice thing about it is most traders come in through undercapitalized and with no clue of what to do when they get in. And it’s not all about winning, it’s about conserving what you win and living to trade another day and that’s what keeps you going that, you know, I didn’t — it took me a while to figure that out in this NetPicks system here. SST is really been a great trade management tool as far as, you know, you only have to win 50% of the time to make money. It’s not — it’s not a get rich quick game. It’s not a magic black box. It’s just a — it’s a tool that you use to make a trade and get out of a trade.
Everett: It gives you entry points, the exit point to stop losses and if you — if you just hang in there but the main thing is to help capitalization to do be able to trade anything. I don’t care if it’s Forex or the indexes or anything. You can’t walk in with $2,000 and turn it to a million dollars, it’s just don’t work that way. It’s a business like anything else and if you approach it that way, if conserve your money, it grows. I mean, $200 a day times five days is $1,000 and 50 weeks, you know, you just do the math, it just adds up. And over a period of year, then you can afford to go to Paris. (laughter)
Troy: (laughter) Wow, I see.
Everett: I can take that TJ that — I mean, it’s a great system. It really is. It is — it — it changed — changed my trading style and I just love it to death. I just appreciate the opportunity to tell the other traders, “Just – if you can just trade the system and take what the system gives you. If you don’t know anything about trade and just take — take the signals and –
Everett: …and — and — and just follow what TJ outlines in the — in the book and you’ll make money. I mean, it just seems like — well, every time I pick a signal that goes against me but it’s minor compared to the ones that go for you. And 60% big wins compared to 50% little losses make money and people have to understand that. If they don’t, they lose hope in it and it really just ain’t making you a $100,000 a day or is not going to do that anyway. Nothing will.
Troy: Yeah, that’s an important point you make. So, I’m — I’m curious, Everett, because you — you hit upon just a lot of wisdom right there being adequately capitalized, being able to have enough belief in the system to take the next trade. I mean, I’m wondering how you were able to overcome, you know, the initial — I don’t know. I don’t even know how to call it. How were you able to actually gain the confidence to stick with the system?
Everett: Well, I mean, if — if you look at it, I mean, I’m a tough person and I — I just sit and watch it. And I watch where it goes and it does something a little different everyday but it’s a –
Everett: …it’s a good trade. I trade the evening Russell and it’s a great platform trade because it gives you great volatility. What I do is I put it on another chart and watch this direction, I get a buy to which way it’s going and see what the highs and lows and see what’s trickling in between. And I know basically the buy of what it’s doing, then the signal appears, I know which way to go with it.
Troy: Mm-hm.
Everett: And there’s — there’s a lot of little things. I mean, it’s — the tool itself is great. It’s the money management and the – to find a trade and then get out and conserve the capital but you got to apply yourself to the system and make the system yours and go with it. I mean, you can’t just stare a chart and — and expect it to do things that – that it’s not designed to do for you if you want to understand what it’s doing.
Troy: That — that’s a big point you make is — is not trying to make it something that it isn’t, which is really important because I get a lot of messages and calls and emails from traders to –
Troy: …you know, “Hey. Have you tried putting on a, you know, a 270 MACD? Have you tried teaming this up with the advance decline line as a filter?” I just keep hearing just all these crazy suggestions.
Everett: Yeah.
Troy: And it’s amazing, you know.
Everett: It’s not — I’m not really interested where it’s been. I’m kind of interested where it’s going and that’s where I’m interested on –
Troy: There you go.
Everett: …where it’s going (chuckles), yeah.
Troy: Where it’s going.
Everett: Where it’s going and either took my money or made my money so I’m not really interested in that. It’s – it’s — and another thing I do and I told you about it is I — I put a little moving average on it and I trade around that. And it — it makes a lot of difference in the system. For me, everybody can do what they want to do. It’s a great tool on the — I use the — I use the 377 tick chart and, you know, and I have another chart over just to get me a general bias direction of the market and I just trade the system.
Troy: Mm-hm.
Everett: And it works, no doubt it.
Troy: Yeah.
Everett: Like I said you can do one contract. If you just do the little minor stuff, 200 points a day and like I said that adds up over time, you do two contacts and you double that.
Troy: Sure.
Everett: You did it for five contracts and – and see where it goes in but you just got to — you just got to be a stickler with the — to what the system is telling you to do. You know, I’ve seen people finally getting in and pay a bunch of trades and it goes against what works and what’s wrong and there’s nothing wrong with the system. You just need to understand what it’s telling you.
Troy: Sure.
Everett: And, you know, it’s — I don’t know what — I don’t have — you know, everybody wants to be a trader. Everybody wants to drive a race car. It’s something you got to apply yourself to, you know, it’s like anything else in life.
Troy: Right. So, Everett, tell me, I’m curious. I mean you won the SST just out of the blue in a raffle. It could have been a number of hundreds of people, you won it.
Everett: Yeah.
Troy: I’m curious. How did you find NetPicks in the first place?
Everett: I can’t even remember. I think I was just searching to Forex stuff and come across –
Everett: …in front of it about NetPicks and I had a giveaway. I said well shoot, I’ll just write my little thing in there and I didn’t think I can I win it, you know, and the next thing I know. I was, “Wow, man.”
Troy: I hear the lottery.
Everett: I can hear that. Yeah, that’s what it is, you know. I mean, I wish I win the lottery but I never won anything. This is — this is the first thing I’ve ever won and so –
Troy: Well, it sounds like you’re cashing in like you hit the lottery anyway.
Everett: Yeah, I mean –
Troy: How many systems did you try before you found NetPicks? Do you have a number? Do you — do you have any idea?
Everett: I’ve been probably about three or four and –
Troy: Mm-hm.
Everett: …you know, if — the most — the basic thing with SST that’s different from most system is it gives you — it gives you an entry point. It gives you an exit point and it gives you stop laws and that – that’s priceless. And if you take that knowledge in and apply it to what you already know about trading, you know, it — it — it’s just tremendous. Trade management is the key. It’s not about winning.
Everett: It’s about conserving and get to trade again tomorrow because I haven’t been busted out and then what’s the market volume for the next two or three weeks when I’m trying to work is put money back in it and for me I wish I have been in there.
Troy: Yeah, right.
Everett: Yeah. These last few weeks with the volatility, it’sjust been amazing as far as, you know, in market drop looks like it does. I mean you make a killing. Volatility is your friend. I mean –
Troy: Yeah, sure is.
Everett: If you don’t have any volatility, you’re not really making any money so that’s part of their life — life — with my success too as far as the market being able to move as much as it has. And someday it don’t do anything and some days you just don’t mess with it but –
Troy: The — the Russell eMini is made for the SST and vice versa.
Everett: It is and –
Troy: Kind of created it.
Everett: It really is, yeah, that’s an awesome tool, man and it’s a good market to trade. I know you trade a lot of other stuff too and the — the systems works. You just have to apply yourself to it and — and believe in it and if you have problems go back to a simulator account and –
Everett: …and just walk your way through it and pay attention. I mean, you can’t trade 15 different things at one time. You just have to focus on one and learn that and then focus on something else to learn that and just move along. It’s a process but it’s — it’s an invaluable tool for trade and it’s the first thing I — what I like about it is, it works on price and price is everything. Everything is happening in that bar right there, it’s — it’s going to happen. And then, you go from there. I mean in the news that the world economy, everything expected is right on that bar and then it goes on to the next bar. And it’s — it’s just amazing how — how the system will take a step up. I mean, I didn’t done 15-minute charts that either have the 15-minute chart open on the day that the EURO CHF took off and it nailed it all the way to the top. I mean a thousand points.
Troy: That something that was amazing, a piece of beauty.
Everett: And you know, I just had to go back. I didn’t – I didn’t cash that trade but I was just experimenting with the system to see what — what it would work on something but –
Everett: …you don’t get those kind of moves every day anyway but did I have that you know, thousand points, you know, two-three contracts, you would have scored big right there, but, you know, because I don’t — I don’t know a lot of questions that people have about it as far as, you know, not having any confidence in it sand you should have confidence in yourself and then — and place and approach it for what it does and that’s what it does. I mean, it’s a trade management tool that works on price. You get interest and access and you stop losses and work with that. You don’t take every trade. You got to see where the market is going and — and if it’s not doing anything, you don’t do anything. Regardless of what the system does, you got to know what the market is doing and kind of have a chart and it helped me with SST to know that, well, price is moving up, price is moving down. We made a new high. We made a new low or the whole day is trending to append or if it’s trending on at a side or whatever. But you just got to understand things like that right there and then you apply these tools there and it –
Everett: I mean you can really hold your guard in there. I mean, it’s just — it just takes off and does this thing and all you guys –
Troy: So, Everett, that’s a really big point you just touched upon and what I’m really impressed with by you, I mean, you’re obviously an astute trader and you — you’ve got it right as far as price action. What I love that you’ve been able to do is make the SST your own. It’s something that we always try to, you know, impart on people but it’s really hard to teach because it’s hard for people to understand what that is. But I love how you take the higher timeframe chart and actually put the SST to use in regards to the market context. In other words, putting in a context of what’s happening on a bigger picture with the market.
Everett: Yeah.
Troy: And I think that’s a huge, really great.
Everett: Anybody who comes with doubts about, you know, that they’ve made a bad investment in this thing. I mean, they’re wrong. They just not — they’re just not following — following the system the way it’s designed to work and the system does work.
Everett: I mean, it did. I won’t bother calling you and telling you or you’ve never heard from me or anything else. I mean, yeah, I –
Troy: Yeah, hey. In fact, what I’m curious about though is that when we did hear from you, it was — it had to do with the Forex webinar and you were saying that you were trading the Russell eMini and I’m just curious, you know, obviously trade plans are always changing. The market is always changing. What are you looking for? What are you looking to — to develop or — and — and expand your trading? Are you — are you going to stick with the Russell.
Everett: Yeah.
Troy: Mm-hm.
Everett: And then — and then Russell and then right now I’m doing a — I’m doing layouts for the Forex on one hour and 15-minute and 5-minute charts. And I mean, I may want to try it on for — this is a — on 40,000 so I guess that’s for employment/employee manage. I made $609 about 15 minutes on that using the –
Troy: (chuckles) So –
Everett: I mean, that’s what it is.
Troy: …you’re going to do some — yeah. So slower time frame on Forex which is always good because you cover, you know, the spread cost becomes insignificant –
Everett: Yeah. I mean –
Troy: …at a bigger time frames.
Everett: It is — the Forex is got some of those market makers in. They can pretty much do what they want to do but what you want to do is catch a ride with them. At 15-minute is a pretty good as far as picking those things up and then hitting that target. And it has done pretty good. I’ve — I had 100,000 account yesterday — I made 10 grand in it and — and then –
Troy: (Chuckles) There you go.
Everett: …then I just backed it down and just started traded Forex like I was going to do a 16 down low account. I’m just doing 4.4s and I’m about $1,800 this morning so if that was the real account then I’ve done pretty good today. As for a trade right now and I got all — I got a close profit about $1,400 and a profit loss about $175 but I haven’t test a thing in the last hour and half.
Everett: I’m just taking –
Troy: It sounds to me like you might be firing your boss pretty quick. So anyway, Everett, I — I don’t want to take up too much more of your time. I just want to just thank you profusely for sharing your story. It’s very inspirational. I’m hoping that a lot of the — our SST members coming onboard will gather some valuable insight from your approach, and of course, be inspired and encourage that they could prosper as well. Are there any parting words of wisdom that you would like to offer new traders who are just starting out?
Everett: Yeah. When you buy the SST, make sure you got plenty of money, $10,000. I wouldn’t trade anything. I don’t care what it is but if you have — if you don’t have $10,000 get back to work and make money and put $10,000 in your account and get yourself another leeway because I ain’t — you take seven bad trades in a row or get a $5,000 account and then you’re going to be discouraged. $10,000 you can take several loses — minor loses…
Everett: …and then when it comes the time to hit the homerun, you make it all back more and it keeps you in the game. Under capitalization is — is the worst thing you can do to get this to work out. I have lost several times for $2,000 or $3,000 trying to — trying to make money but this system right here will help you preserve that capital and continue like I said. You don’t — you’re not trying to hit a homerun every day, you just want to get on first base. When you get on first base every day, I mean, in five days you’ve made $1,000. And, you know, if that’s all you ever did was just $1,000 and you multiply that times 50 weeks, that’s 50 grand. And that’s pretty good for nothing, sitting around the house trading.
Troy: [Laughter]
Everett: You know, with three contracts, you can really — you can really knock out the parts. But if there’s — if there’s a goal and — what your goals are, you got to learn yourself. You got to learn the system. You got to apply the system. You got to stay with the system and not vary from it. Don’t overtrade it.
Everett: Just trade this — what’s on the chart right there. Power of quitting that’s what it was, power of quitting and that’s an important concept right there.
Troy: Right, power of quitting.
Everett: If you make your $200 or $300, quit. If you got — if you’re not trading a lot of contracts, you trade one contract and make you $200 or $300, quit. And come back tomorrow and make you another $200 or $300, quit. And — and you’ll be surprised what you have at the end of the month. You’ll be — you’ll be one of the 10% that make money but 90% of the people who anytime make $5,000 a day and lose it all. That’s what — that’s the difference between a 10 and a 90 in money management and in capitalization.
Troy: Everett, if you could see me now, you see me nodding my head up and down in total agreement of capitalization is everything. And also just those — those little wins over and over accumulate –
Everett: They do.
Troy: …and end up with a 500% return like you said –
Everett: Oh, yeah.
Troy: …$10,000 to $50,000.
Everett: I — I — I was –
Everett: …my first week on this thing, I think I had 110% return on the right on my first week. There’s one week I did – the first time I did about $5,000, $6,000 in one week with two contracts and I — I was keeping up a weekly percentage. I mean, I had — you got to keep this stuff like books. Keep up with it. Take your sheets out and write, you know. How much you start with? How much you trade costs? How much you made and then at the end your percentage? I mean, I was doing like 25%, 30% a week on my money. And you know, 5%, 15% a year got big money managers in New York, you’re excellent. But if you’re doing 25%, 30% a week –
Troy: Yeah.
Everett: …I mean that’s unreal. I mean, that don’t happen every week. I mean, but as I said, 7 out of 10 weeks, I’m doing 25%, 30%
Troy: I mean, “Hey, you know, you got a system that keeps ringing the cash register and you keep applying it.”
Troy: It does take discipline though and that’s hard for people to achieve sometimes.
Everett: It is and it — it — I mean, it was hard for me and I — it took 10 years to figure it out of what I was doing wrong. I was giving money away instead of making money.
Troy: (chuckles) Well, it’s a pretty valuable education, you know. Time is irrelevant when you finally arrive at that level of understanding, you know, you make up all that 10 years ends up being, you know, well worth it.
Everett: Yeah.
Troy: Good education.
Everett: The market is always going to be there tomorrow, you know.
Troy: Yeah.
Everett: And you want to be able to play in it tomorrow. And if you lose all your money today, then you’re through. So what you want to do is use that system and like you take five or six loses, so what? When you hit that big one, buddy, it’s going — it’s going to ring a bell. And when you get that money, then get out. Take that money and run with it. And then put it in the bank and then come back tomorrow and do it again. And after about, you know, 6, 8, 10, 12 weeks –
Everett: you’ll say, “Good gracious. This stuff adds up.”
Troy: (Chuckles) It sure does.
Everett: And — and then you move on to something else. You diversify that way you ain’t got all your eggs in one basket. I — I’ll just recommend — I just want to encourage everybody that if you just learn this system the way he’s got it written out in that book, and apply and — and if you need to pull up another chart and see where the market is going, that it won’t hurt you just, you know. It’s just — it’s amazing what this thing will do if you apply it but you got to make it your own. It’s like having 50 race cars all over and saying everybody gets in, they’re going to drive it differently but you got to make that car your own and you’re going to win the race. If you don’t –
Troy: Yeah, that’s a nice analogy.
Everett: Yeah, you’ve — you just going to get out and run out and you’re getting last place all the time if you don’t figure it out. That’s — that’s all it is to it. I mean, it’s not — it’s not brain science or you don’t have to be a ITT engineer to figure this out, you just want to protect what you made –
Everett: and that’s — and SST would do that for you. It will make you money. It will protect your money and you got to quit when you make money. And that’s the thing about that power quitting. It’s an awesome thing. If you’ve gotten your major money by dinner time, stop. Come back tomorrow and do it again.
Troy: Oh, that’s — that’s great, Everett. I think we’ve kind of told the story and I — I want to thank you for your generosity. I’ve really enjoyed the emails that we’ve shared back and forth that we’ll continue to correspond. I love — I love your ideas, your take on the market. So, we’ll — we’ll continue to share some ideas, you know. Hopefully, I’ll see you in the trade room, you know.
Everett: All right.
Troy: Feel free to come in and other than that, just, you know, big warm thank you for your time and — and generosity and sharing your story with us today.
Everett: Hey, the pleasure is all mine, TJ.
Troy: All right. You have a great evening. I’ll talk to you soon.
Everett: Okay, buddy.
Troy: Take care. Bye-bye.
Everett: Bye-bye.
