How did you guys do when you first started trading?
How did you guys do when you first started trading?
*i meant when you started trading your own money, probably not the right section but anyways...
How did you guys do when you first started trading?
*i meant when you started trading your own money, probably not the right section but anyways...
Career Resources
when you first start trading, it's usually eecuting someone else's orders. everyone makes mistakes, just never make the same mistake twice.
haha, sorry. i meant when you personally started trading with your own money
Lost a 100 bucks on amd and bought Gm hours before it went bankrupt -.-....
Needless to say, I was 18 and didn't know much..It's a year later now and my portfolio is doing 34%, I'm pleased.
Started with many months of demo trading before going live. As time passes the money becomes less and less real...which is a good thing. Filter out emotion and just get it done.
Agree with JSinNOLA, the emotional component must be taken out.
Almost blew myself up in a little more than a month trading fx. I have learned a lot since then and Im almost at breakeven right now. This is over the previous 7 months. I demo traded for a while but nothing beats live.
Does anyone know any good online simulations for trading ? The ones I know of have too much limitations.
thinkorswim by TD Ameritrade is solid
Started at a prop trading firm, where I still am, so was not trading my own capital the first few months. Had a pretty sick run during the first 9 months on the job, but recently I have had a few teeth knocked out and seem to be learning some lessons which I did not find applicable earlier /been on the job for 18 months now/.
Overall, my PnL curve is weird as fuck - depicts Everest in a sense...
Shortly after coming back from deployment... I was 21 at the time. My friend told me about stocks, didn't know a thing about it. He told me I can make big bucks. So I got into penny stocks and I lost like $300.00. I thought this was straight gambling. So I got into learning the technical aspects of it, went to a bunch of seminars and my dad gave me confidence and lend me $500 and I lost that, haha. He wasn't really bummed because we have money. So I had about $10k saved up from the military, joined a prop firm. I lost $3K of my deposit, then I contributed $2K lost that. I put another $2K and I lost that, as well. I literally got up from my computer and balled my eyes out in the hallway. I remember I got home around 10:30 am after being closed out for the day and my mom told me "So how much money did you lose today?"... I was embarrassed. I remember walking up to my trading manager and I told him not to lose confidence in me. I gave him my last $3K and after 18 months, I made $180,000. I paid for my school and I gave my parents money to pay their mortgage. The firm was bust shortly afterward. I joined a prop desk at BNP Paribas as an intern, after that, I went to another prop firm. This firm closed down, as well. After that, I went to BlackRock to trade on their equities desk. Then I left that, I joined BNY Mellon and now I'm at BMO Capital Markets in NYC... Crazy how I joined finance after a buddy of mine told me about trading at my local gym... I didn't have a clue what I wanted to do with my life.
What allowed you to go from $3k to $180k in less than 2 years?
Inspiring story notheless!
Quia veritatis aut et optio et et tempora rerum. Voluptatem commodi dolor nihil. Et aut sed sit tenetur. Est voluptate aut unde ullam et. Tempora ad natus voluptatem odio. Cupiditate incidunt qui repellat quidem ab consectetur culpa.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...