How I started as a day trader.
Day Trading Stocks Online
As many people I was looking for a career to create a life with more pleasure working for myself and more free time. I come from a family that believes in long term investing and I had a long term account. In 2013 I was lucky to make an investment at the right time. I bought AAMRQ at 2.51 and within 8 months it came out of bankruptcy and the stock moved up to $40 with a profit of $225K.
This allowed me to fully enjoy my year of maternity leave (Quebec is amazing and allows women a full year off). In that time I was actually trying to gain my real estate license in Quebec as I love real estate sales. Well I passed all my licensing exams with just the French exam to pass according to french language laws.
Forget all my history in the States I had to take a foreign language exam to even attain my license. Well I had complications with my daughter that did not allow me the free time I anticipated to study to pass the exam. I received 60% and not good enough to acquire my real estate brokers license in Quebec.
How to Turn A Negative into Positive
I felt defeated end of January 2015. I thought what on earth am I going to do. Well my husband said you are so good with long term stocks why don’t you look more at that.
So I began researching and I ran into this page and listened to the video. I thought I now have another 6 months of maternity leave left and I have some extra cash so I want to apply for the challenge. I went through the phone interview to screen if I had the financial ability to participate.
It was roughly $6k for the whole program including Stocks To Trade. More DVDS than you can imagine and a wealth of resources online and via email. Contact to Tim Sykes and Michael Goode and more. I was diligent and set up time to watch my dvds after dinner once my daughter went to bed. I was so excited I opened a day trading account. This was end of February 2015
How to Blow Up a Trading Account
Well I was learning through the DVDs and I wanted to apply what I thought I knew to the action daily. 1. I way overtraded and didn’t realize the fees involved. 2. I didn’t have the experience so I blew through another 5k pretty quickly. I had some winning trades and I tried to do it all while watching a 7 month old baby. Once my daughter was 9 months, I was in a winning trade and had a stop limit order in and the stop triggered the limit and I missed my trade due to not being in front of the computer, so I stopped real cash trading.
Reset Your Mindset
I continued to study for the next 4 months. Watching the live webinars and watching DVDs and watching the market action at open with watch lists that I had created the night before. Once my daughter went to daycare in September I now had my mornings baby free to dedicate the time to watch my trades. So I set up my watch lists and paper traded to become consistent. I played around with trying to find trends that worked for me as well.
Paper Trading Stocks
In Nov 2015 my paper trading became consistent and I thought its time to try with real money. I was scared with my past where I had just burned through money. So I played small until I became mostly profitable with my real trades. If you check my profit chart you will see I was in the red up until about Jan 2016. It seems like it just started to click.
After watching the charts every day you start to see trends and you start to see setups. You understand how to read level 2 and understand the price action. It definitely did not happen overnight. It took time. It took dedication and perserverance. I have some bad losses too, but start each day with a fresh clean slate so that mentally I’m in todays trades.
Please let me know via Twitter @AirplaneJane or here if you have any specific questions I can help you with. I know I had a lot when I started and I found the online help invaluable. I want to help and give back. Thinking maybe one day to set up a streaming channel to help once I’m really profitable. We’ll see…. I’m no expert but as my brother says he thinks I’m in the 10% that get it.
I love hearing feedback from you. It makes my trading more personal and I like to hear how I can help you. If you have questions or comments you can contact me here or on Profitly, Twitter (@jane_yul), Instagram (missairplanejane), LinkedIn and Facebook (@sugarairplanejane). email@example.com or YouTube
Working on my book to be released this spring of 2017 available on Amazon and major retailers. Sign up here list for updates about when and where to preorder.
The tool I use for scanning and alerting is Trade Ideas who offer an always free trading room. Four times a year they offer a ful access test drive for roughly $9.00 you can register here to find out when the next one will happen
Also testing out Stocks To Trade that has a 1 week $1 trial
For my charting and level 2 I use Equityfeed.
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.