Getting to Know NetPicks: Shane Daly

What do you trade (market/timeframes)?

I got started in Forex mostly due to the low initial capital required. I am not a fan of demo accounts and thought that would be the best way to learn to trade. I eventually started to enjoy the nature of FX and trade it to this day. I diversify with both day and swing trading. I am looking at other markets to trade outside of currencies. Given the success some have had with TY, I may take a look at that. I keep my focus on four currency pairs… GBPJPY, GBPUSD, EURUSD, EURJPY.

Where are you from? Where do you currently live?

Toronto, Canada is where I am from and currently live. However, the call of the west coast is mighty tempting. That is the great thing about being a trader…you can live virtually anywhere you choose.

Why did you become a trader?
There is much more to life than 9-5, Mon-Fri, weekends off and a few weeks vacation every year. I have many outside interests that I want to stay a part of and trading allows me to do that. Last year it really paid off as my wife and I had a baby. We both get to stay home and watch her grow. Now that is living. If you keep in mind trading is a business and take the education seriously (including working on your psyche), it is a realistic target that people can have.

How did you become a SST (Seven Summits Trader) coach? What inspired you to get involved?
Anybody read ‘The Secret’? I bought the trading system in October of 2008. I was impressed with the professionalism of the company and what I felt was a real desire to help traders succeed. Trading can really be the road to a better life and the NetPicks company not only understands that, but aims to help traders reach that goal. Who would not want to be a part of that AND contribute to that goal? Karma can be a blessing. I kept in the back of my mind that I wanted to be a part of the company. I decided to open a blog highlighting real money trades I had taken to not only help upstart traders, but also for those traders unaware of the system altogether. I contributed in the FX Live! training room with Russell Rice and out of the blue, Russell emailed me and the rest… is history.

Why do you like the SST?
Simple answer… I have been successful with it. 90% mechanical. 10% art. Be disciplined to stick to your plan… your trading edge… and the goal to be a trader full-time is not out of the realm of possibility.

How many other courses, strategies, etc. did you try before the SST?
Two. A general trading course and Fibonacci. I took a lot of great info from them. I was doing “o.k.” but was sort of haphazard with my trading. SST grounded me. The kicker for me that made me take out the credit card was watching Mark trade live. He wasn’t “tracking” a trade, he was trading them for the public to see.

What are the top benefits you think members have taken from the mentor classes and/or live training rooms? Why do you think the mentor class is so successful?
I don’t have to “think” what they have taken benefit-wise… the many emails I receive tell me. Probably the overwhelming theme is motivation. When traders see others succeeding, and not simply with backtested results but real money on the line, it helps them believe that they can do it as well. That is the KEY to succeeding… believing you can. It is easy to get caught up looking for the “grail” or secret indicators, so it helps having someone keep you grounded and ensuring you keep it real. That is why I put out the “Regroup” project. It was to help traders slough off bad habits they may have gotten and force them to trade one plan. Only when you have the basics (including the mindset), should you venture into other territory.