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  1. W

    Took out a loan to transition to full-time trading. Now 27 years old.

    https://www.elitetrader.com/et/threads/took-out-a-loan-to-transition-to-full-time-trading-24-years-old.298510/#post-4259360 Hello Guys - I quit my Private Equity job back in 2016, took out massive shark loans, and decided to daytrade for a living. Sound crazy? Haha well.. it's been...
  2. W

    Took out a loan to transition to full-time trading. 24 years old.

    2/5: (607) 2/6: (316) 2/7: (126) 2/8: 427 Oh man. Almost lost all of my gains this week. Tuesday's loss and Wed's loss was just horrible trading without a careful thought-out plan/exit plan as I was once again, getting overconfident. Entered recklessly and exited without much of a plan except...
  3. W

    Took out a loan to transition to full-time trading. 24 years old.

    Update: 1/29: +101 1/30: -110 1/31: +157 2/1: +401 2/4: +382 Been trying to really limit my losses. Because I've been having trouble cutting bad positions, in order to fix this, I've been trying to be extra careful entering a position and exiting quickly (sometimes too quickly..) whenever I...
  4. W

    Took out a loan to transition to full-time trading. 24 years old.

    I was able to save enough money to trade again last week. It made my capital just over the minimum requirement so I didnt stream (because it might end in a day again) but did record for personal review. Thankfully, things have been going good so far. 1/24 +216 1/25 +190 1/28 +292 Thinking of...
  5. W

    Took out a loan to transition to full-time trading. 24 years old.

    Do you know any discount brokers that offers this? Margin for 1 CL contract used to be just under $2,000. Oil has been volatile last couple months but current margin of ~$3,600/1 CL contract is ridiculous What is QM? Can I trade it like 1 CL contract? Is it based on crude oil?
  6. W

    Took out a loan to transition to full-time trading. 24 years old.

    I was up more than $300 in beginning. Trading okay. Than lost all of it. Failed to see loss of strength. Stubborn. LOL. 1 day of live trading and I'm done already because the minimum needed to trade 1 crude oil futures increased from $2900 to $3280 and I ended up at like $3180. GG. Will be back...
  7. W

    Took out a loan to transition to full-time trading. 24 years old.

    Happy 2019. Hopefully a profitable 2019! Oh man, I have so many changes in my life but the bottom-line is the same: I'm going to get rich trading stocks or die trying. Going to start trading live again starting next Monday, January 14th,2019. I will also post a daily short summary of what...
  8. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day fin. - 4x% so let down dont even want to calculate or update the title of my youtube videos. wifi-trouble all morning, and completely wrong chart analysis. I hate to admit but everyone that's been criticizing me was right... im going to take a break and also do some virtual trading to get...
  9. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 33 +9.2% Played the pre-market and run-up to the oil report terribly.. but analysis was correct (whew) which helped me end the day in green. Trying to screw my head on right and play safer.
  10. W

    Took out a loan to transition to full-time trading. 24 years old.

    i did demosssss and did magnificientlyyyyy Demo helps you get a sense of the market but trading real money is different...imo
  11. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 32 -6.0% Missed a big run in the morning and played recovery most of day. Thought it could hit 49 levels today but just wouldn't. Tomorrow with oils report's gotta be interesting.
  12. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 31 -45.3% I'm at the same point as last monday, after the 40% loss. Overnight, starting sunday, i put on a small position. I was sleeping/waking up to check on my position and make adjustments. I was trying to get couple hundred bucks but got caught in a huge downfall and just bombed it. I...
  13. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 30 +11.47% Woke up at 5:30am and oil was near its ceiling, starting to come down. Went in and out during the day for easy profits. I thought today may be a massive drop, much bigger than yesterday. While it may still be possible, right now it looks like it has some resistance present. I was...
  14. W

    Took out a loan to transition to full-time trading. 24 years old.

    Thank you :) Does anyone follow crude oil?? Wow it's going down so beautifully right now I really wish I didn't have to work today and just trade all day. Easy straight fall with no trick movements...
  15. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 29 +25.3% Due to technical difficulties (poor wifi), i couldn't stream all of today's trades and only have the beginning portion. However, today's trading went really well as I entered shorts near the top of the huge downfall today. Made all my 40% loss back from Monday :) and broke the...
  16. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 28 +18.8% Started the day off terribly, making simple mistakes and impulse trading. Didnt analyze chart close enough to catch the ceiling line... Thought i was doomed after doing some trading subsequent to the oil news. Luckily my analyses was correct and was able to pull off a big win.
  17. W

    Took out a loan to transition to full-time trading. 24 years old.

    I saw IB realtime feed and liked investing.com's look better. I use investing.com for the overall trends but use IBs chart prices for my entry and exits. Sometimes investing.com has a second delay, but most times its almost real-time. I lost all loans and previous money. I dont know how much it...
  18. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 27 +19.39% Traded. Traded. and traded. missed a really good profit run but overall result is still good. Traded hastily again (haha...) once i was able to use 3 positions. I worked all day yesterday but tonight i have the night off so i'm going to meditate and think deeply about trading size...
  19. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 26 -40.7% Outplayed, outmatched, outclassed... all the wrong things ive been doing wrong finally coming to bite me. Played the day really fighting and ending flat. Before leaving for work, put on 2 positions, thinking ill either make $150 or lose $150. Well the spike made me -$400 and out of...
  20. W

    Took out a loan to transition to full-time trading. 24 years old.

    Day 25 +17.43% Woke up around 2:30am and started trading. I think I did a good job reading the direction of the chart, not exiting when fake outbreaks occurred. Oil just would not drop as I had expected, so exited while I was ahead instead of giving back profits. Lucky to have made good moves...
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