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Black Belt Trading: Investing Like a Pro 141


           was very new. The Internet was in its infancy. Kevin began by publishing
           bond market commentary on the Internet, but his heart was in the stock
           market. He wanted to share all that he had learned about making money in
           stocks.
             In early 1996, he cofounded DBC Online. This was among the first web-
           sites where the individual investor could find quotes and news information
           about what was happening in the market. In the early days, Kevin’s intraday
           market updates served as the site’s home page.
             CBS bought half of DBC Online in 1997 and named it CBSMarketWatch.
           In January 1999, the company went public. The IPO was priced at 18 and
           opened at 80. It ran up as high as 150 during the first day. This was the sec-
           ond-best opening-day performance for any IPO in history.
             The website became a huge hit and is now a widely recognized site for
           online news and market data with over one million viewers per day from 70
           countries around the world.
             As part of Kevin’s market commentary, he interviewed top traders. In par-
           ticular, he sought out other traders of the O’Neil method. Among his favorite
           interviews were Bill O’Neil, David Ryan, Greg Kuhn, and Cedd Moses
           Through what he had learned from the “O’Neil approach,” Kevin was able to
           write about the market in a way that others found enlightening. Kevin’s real-
           time commentary was seen around the world on USAToday.com, AOL,
           Yahoo, and other outlets. For Kevin, this was tremendously exciting. His
           foundation of how the market worked was built on what he had learned from
           reading How to Make Money in Stocks.
             Kevin learned from his interviews that the top traders “become success-
           ful by putting their personal opinions aside and listening to the market’s
           message. In fact, keeping one’s ego in check is one of the most important
           aspects of trading. This becomes particularly difficult when someone who is
           a success in another field—say medicine, law, business, or sports—believes
           his success will translate to a superb trading career.” As Bill O’Neil had often
           said, “The market doesn’t know who you are, doesn’t know how bright you
           are, and doesn’t know what great college you attended. It simply doesn’t
           care.” Kevin added, “The highly successful lawyer walks into the game
           expecting to clean up. Often, he is the one who gets cleaned.”

           Always Be Prepared for the Next Opportunity
           Kevin’s biggest lessons from interviewing Bill multiple times for
           MarketWatch have been about the general market trend.
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