Hellos!
Well been reading the forums for almost a year or so now but didnt post at all sort of, being a passive one in forum"ing" i guess.
Male 25, Europe, Hungary
Here goes my little story:
Was working as a sales manager in an computer store, was really fed up with my situation of not going anywhere in my life financialy, not being in a long-uptrend
so started out making "Big Plans of escape" like going abroad for example.: Sweden to get a better job, new life and such. Even started a swedish course at one point, tack tack. Anyhow one day a friend of mine came into the shop and told me i should visit a course which is about a different type of trading (as in he knew that at some point i was good at the bid/ask trade part at the shop management). Which he said might interest you, he was in the middle of his lessons at the course that time. Well as i was looking at alternatives, i visited an open day where the school was represented.
First positive thing was that it wasnt about a new multi-level marketing mania which is the favorite of the year in our country atm but still it was too highly marketinged, i thought it's a waste of time but my curiosity didnt leave me be so I have signed up for the first lesson, which had money guarantee if you dont like what you have seen (which counted becouse it took half of my monthly salary). This was in January 2007. The course was mostly about trend-trading technicaly on a bull a market, but at that time I had no idea of the stock market at all so the first glance it was highly attractive! By the end of the spring of 2007 I was paper trading options and stocks when i had the will after work, was (and is!) in love with the concept of being a trader. Dreams were forging about being a stock/derivate trader, driving a new M3 BMW and so
As my job was holding me back from having a full time go at stock trading (australian market is 0:00am to 6am winter time, 02:00am to 08:00am summer time here
i gave in my resign in june, quit in september and focused 100% on trading. I didnt have a capital at all so took up credit from a bank, but didnt touch it yet so wanted to test myself for 3 months atleast. Luckily witnessing bearish stuff in 07-july-august, i was game for put options and shorting stocks, not been an optimist that much (mainly traded banks and bhp on paper, being too pessimist later on hurt me on bhp some though
). At the end of october it turned out later the leaders of the school started to form an Investment Fund Managing Company and they were looking for people, so i have applied for it and started my carrier there in 2008.So a dream came true at some point
.
Unlucky part of the story was learning fundamentals on a hard course, "this train has left, dont jump on it" was also a moral story to get used to, risk-management, siding market is the worst, not having my trade account up and ready in the "what ever your shorted you made money 13 days of asx going deeper and deeper", not having enough margin for oil future, ppl who were long for 5 years not believing your story about a changing world and a must change point of view or get sucked in by the market etc
Making loads of % on paper account, especially on ZFX and bank put options didnt really make up for the fact. Opened my eyes and started trading on US markets 3 months ago aswell, my biggest success was catching the fertilizer mania at the start, mostly on fundamental call was cool and not jumping on the small-midcap oil-energy-coal wagon was the worst call.
The funniest thing about getting hot on fundamentals is that, i had a look at Minamakers when Kennas posted it at the breakout plays thread mainly becouse it had a funny name (in my language atleast) so i have gone after it by TA first then i started to wonder what is behind the chart
Well anyhow, sorry if I annoyed/bored anyone with my story, have a nice day!
Foster rox (not the share but the beer more )
A.