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Ive been an employee and a business owner. Both placed a lot of money in someone elses pocket. Whether it was the company or the tax man it seemed to be a lot of headache for little return.
I had a dream to quit my day job and learn to trade the stock market. And, so my journey began. Around 1989 I began dabbling in the market. Make a little money..Lose a little money. Make a little.Lose a little. You get the picture. Bottom line - It was fun and had the thrill of gambling but not profitable. Still, I enjoyed this process for the next six to eight months expecting to find that one strategy that would hit a home run. At this point I was no further ahead financially and pretty much breaking even.
Then, I was reunited with my 8th grade sweet heart, married her and inherited three great kids. Talk about incentive to make some money! We were a family of five, living in a two-bedroom apartment. I needed down-payment money on a house and I needed it fast.
I had about $8,000 startup capital and worked to develop my own simple, low-risk trading strategies. In a years time I turned that 8K to $28,000. Pretty impressive return until a bad trade lost me $6,500. I quickly took the remaining cash and went house hunting.
While I continued to dabble with my trading strategies, it wasnt until May of 2002 that I became serious about my trading future. I decided to invest in myself and took private training classes from Stephen Bigalow on how to trade with Japanese Candlesticks. This training paid off and I was back to making profits. Until, I began looking for that home run play that would make me a killing. I was tweaking my simple strategies by adding the latest tips shared by the Gurus.
Finally, I came to my senses and went back to the techniques that made me money. They were easy to spot patterns with clear entry and exit points. I could see the same pattern developing in hundreds of charts. More importantly, I could enter with low-risk on a short-term trade, grab my profits and sleep well at night.
Today, trading for a living has afforded my family with several luxuries that I would not otherwise afford. Not to mention, my lovely wife and childhood sweetheart quit her job. I trade every day and never forget I am living my dream. I enjoy traveling and teaching clinics to others who are looking to take that next step to transition to Trading for a Living.
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