Monday, April 20, 2015

My trading story part 1

For many readers it will seem as if though I just appeared out of thin air. The truth is that my story is quite an interesting one. I dont know if it's unique but you be the judge.

The year is 2011, I am a successful and happy personal trainer, starting to slowly but surely earn more money each month. I believe at this point in my life that doing what you enjoy and getting paid to do it is the dream. So this is what i strive to achieve. Having struggled my life with a stutter, which by the way is something i have always tried to hide from the world, I found myself feeling limited in what I could truly achieve as a personal trainer. I wanted to be able to give speeches and talk at seminars because i know how knowledgeable i am about health and wellness, however my speech always hindered me. I knew there must be something else i could do but I didn't know what.

My father had passed away in 1996 and I had just received my will money at the end of 2011. In the past I wouldve probably spent it all on stupid purchases, but now at 30 years old I thought I was more mature and much smarter than my younger self. At this point I began looking into what i could do to get my money to work for me. I remember as if though it was yesterday, I was looking at videos on gold and silver investment opportunities and stumbled upon a video by Mike Dillard, and it was a video featuring John Carter, who happens to be one of the top professional traders in the world, not the Disney movie ;) I had never even dreamed about the stock market, to me it was only for math geniuses and people who are great at charts lol I remember being so floored by how easy it looked. I had to learn more. So from there on I began to read everything i could find online about the stock market. I even took a little course here in Miami to get me started, but i must say i knew more than the teacher. So that was a waste of time. Fast foward a bit to the end of 2011. I find this individual who I will not mention. He is a stock "guru" in Europe who prides himself in trading off other peoples money. He charged a comission on profits I would make and that is how he runs his business. He convinced me to hire him as my trader. Seemed pretty simple, he was good, I was not. He would make me rich. He promised me at least 15k a month with the money i had , trading penny stocks only. So I said ok, lets do it. It is now 2012 and I get the order to buy 1million shares of a stock called ATRN, a penny stock worth 1 cent. I go ahead and buy it spending 10k in the process. Not to make this story too long and boring. In 1 month this particular stock was at 35 cents. If any of you are good at math you will figure out that i had made 350k . I dont know how to explain it but it was a surreal feeling. And since i trusted this individual completely i did not question him. Looking back now I can ask myself over and over, why did I not sell...who on earth makes 350k and doesnt sell. Well, if you are told a particular stock is going to 1$ and if you sell it now you will regret it, it becomes quite a dilema. And plus the fact that i knew nothing about trading back then and he had quite the track record. Long story short, the company eventually went bankrupt. I ended up saving what i invested, so technically i did not lose any money. However the dream of the fancy car, the awesome house etc  was washed down the drain. I knew i had to take matters into my own hands to never ever let something like this happen to me again.  Stay tuned for part 2!

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