How I came to day trading and earned the nickname Sugar Jane
I have never been a 9-5 office job individual. I started my career after college working in a bank and then moved onto working as a Trading Broker’s registered assistant. The registered meant that I had attained my series 7 license. A series 7 license allows you the right to enter trades from a customer for the brokerage house. That was in 2001 and I was working in the Smith Barney office where the Worldcom employee options office was located. The crash of Worldcom’s price and all the employees on margin all happened while I was working there. I learned a lot about investing and was on par to take over my broker’s book of clients he had built up over 25 years. The crash happened and the market was declining, so I decided working as a broker in charge of other’s money 14 hours a day was not the future for me.
So I decided to follow another passion of food. I left the stock market world and went to Europe to culinary school in Italy and France. Then I moved back to the States and worked in the culinary world as a pastry chef of my wholesale pastry business. In order to pay for health insurance as a small business owner I began working for one of the major airlines as a part-time customer service agent.
In my time working for airlines, I met my husband a commercial airline pilot. He was based in the US but living in Montreal. That led me to my move up to Montreal where we settled down and had our first child. I had kept my job with the airlines in order to have a job when I immigrated and it worked. I was laid off just prior to giving birth and I had my one year of Maternity leave to figure out what to do with my future.
The August of 2013 I made a $25,000 investment in AAMRQ which over the course of 9 months turned into a value of $250,000. That was just prior to me being laid off and giving birth. Once I was 6 months into my maternity leave, I realized I have 6 more months and then I have to go back to work but I don’t really want to go back to the airlines. I was talking with my husband and he reminded me of the great success I had in longer term value trading.
So in my late nights breast feeding I began to do research about day trading and I came upon Timothy Sykes site and Profit.ly. At first I thought this is a bogus scammer on the internet. Then I did as much research as possible to find out about him and his training. It turns out it was all true. I applied to be his challenge student and took the leap of faith and told my husband I can do this and be successful.
So I signed up as a challenge student back in February 2015 for roughly $6,000. ( For those that don’t have all that capital to invest in the program I recommend the Silver Subscription – monthly payments)Once the DVD’s and notebooks arrived I was overwhelmed with all the information. I began watching the videos every night and during the day. I would schedule my daughters morning nap to allow me the time to be in front of my computer at market open.
In the first 3 months I did not follow the rules. I was a bag holder, revenge traded and positioned too large. I burned through $6000 in just a few short weeks. Afterwards I took 3 months to re-establish myself and find my bearings through strict discipline and focus studies on my areas of weakness.
Once my daughter was in daycare on a steady schedule, I watched the market each morning looking for trends. I began to see the patterns and worked on paper trading. 9 months into my studying, my paper trading was profitable so I began trading with real money again. I positioned small and did my research every morning before open and slowly grew my profits. 11 months into my day trading journey, January of 2016 I was in the green.
When I follow the rules I’m making more in a week than my husband who is an airline pilot. My husband now calls me Sugar Jane with all the profits I have coming in to enjoy our life to the fullest. It is wonderful to be able to provide for my family with 12-15hours of work a week and now well on my way to making 100K by my new goal August 15th.
This blog post is to help you see that you can have the curviest of roads to success. It isn’t always a straight line. There are speed bumps, pot holes and detours, but as long as you keep your final destination in site you can get there. One day at a time, studying each day you can achieve your dream no matter what it might be.
As always I hope this helps you in your day trading journey. If you have any other questions shoot them to me here in comments, Twitter, Facebook, Instagram or LinkedIn.
As always Carpe Profit and Stay Green.
Here is the link to Tim’s Blog Post about me Feb 28th, 2016.
This blog is for information purposes I am not a registered securities broker-dealer or an investment advisor. The information here is not intended as securities brokerage, investment or as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.