Dr. Rolf Haag, SPXGODFATHER, Shares His Stock Market Trading Secrets
About the Guest(s):
Dr. Rolf Haag, also known as the SPXGodfather, is a highly experienced trader and educator in the field of options trading. He was born and raised in Germany and completed his bachelor’s, master’s, and PhD degrees in Frankfurt. In 1997, he moved to the USA and became a US citizen in 2008 while maintaining his German citizenship. Dr. Hogg has had a successful career as the president, CEO, and board member of three large automotive supplier companies. However, his passion lies in trading and mentoring others to become successful traders. He founded SPXGodfather, LLC, where he provides education and mentorship to traders, focusing on trading the S\&P 500 index options. Dr. Hogg’s goal is to help traders become more successful by providing them with a process and strategy to follow.
Episode Summary:
In this episode of The Chris Voss Show, host Chris Vos interviews Dr. Rolf Haag, also known as the SPXGodfather. Dr. Rolf Haag shares his journey from being a successful CEO in the automotive industry to becoming a full-time trader and educator. He explains his passion for trading the S&P 500 index options and how he aims to be the best in this specific area. Dr. Rolf Haag emphasizes the importance of simplicity in trading and shares his strategy of using simple puts and calls to make profitable trades. He also discusses the significance of understanding leading indicators such as futures, the US dollar, and premiums in making informed trading decisions. Throughout the conversation, Dr. Rolf Haag highlights the importance of managing losses and shares his approach to minimizing losses and maximizing profits in trading.
Key Takeaways:
Dr. Rolf Haag, also known as the SPXGodfather, is a highly experienced trader and educator who focuses on trading the S&P 500 index options.
His trading strategy involves using simple puts and calls to make profitable trades, with a focus on understanding leading indicators such as futures, the US dollar, and premiums.
Dr. Rolf Haag emphasizes the importance of managing losses and keeping them to a minimum in order to be successful in trading.
He offers a personal and educational service to his subscribers, providing live trading sessions and guidance to help them become more successful traders.
Dr. Rolf Haag provides a free day pass to his trading room, allowing interested individuals to experience his trading approach firsthand.
Notable Quotes:
“In this business, it’s not about how much money you make, it’s how much money you don’t lose in the next trade.”
“I see myself as a specialty NBA coach. I take an NBA player that is already at a good level and make him better in one particular area.”
“The best trades are between two and seven minutes. You make every trade, you make a thousand dollars, you make this a couple of times per day, and that is a pretty good gig for 2, 3, 4 hours in front of your laptop.”
“I want you to make money. I know every member of my team by name. I’m very keen on the educational part. I really put a lot of effort into helping everybody.”
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