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

[SimpleMeLike]

https://www.elitetrader.com/et/thre...ime-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.. different. If you have time to kill, it's an interesting read (LINK ABOVE).

3.5 years later, I'm still alive! YES!!!!!
and still trying to trade for a living.

I will be keeping a record of my daily results on a google sheet for public to view, and will try to post clips from my trading with commentary so others can see why I've made those trades.

Hope you guys favorite this page and follow me on my journey to become a millionaire! Roar!

Morning wabu27,

Great work my friend and I wish you much success in your journey and doing EXACTLY what you want to do in life.

Enjoy your journey and be happy.

 

[Turveyd]

I think I remember the old thread vaguely, good to see your still plugging at it, like well all of us with very few doing better.

What do you trade ?? Swing or Daytrader??

 

[SimpleMeLike]

3.5 years later, I'm still alive! YES!!!!!

Great work.

Think of the "3.5 years later" like an engineering student in college that has completed 3.5 years of course work already.

 

[destriero]

I borrowed at Prime +2% from AMEX when I went out on my own, early on, but I paid back the loan once I'd doubled. I pray that you paid down the loan.

 

[gaussian]

Great work.

Think of the "3.5 years later" like an engineering student in college that has completed 3.5 years of course work already.

My loans for school were 4% APR. This guy is swinging an 11,000 line with 26% APR.

It's more like russian roulette with 5/6 chambers loaded.

 

[SimpleMeLike]

My loans for school were 4% APR. This guy is swinging an 11,000 line with 26% APR.

It's more like russian roulette with 5/6 chambers loaded.

Yes, i agree with that part.

The loans interest are a bit high.

 

[SimpleMeLike]

https://www.elitetrader.com/et/thre...ime-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.. different. If you have time to kill, it's an interesting read (LINK ABOVE).

3.5 years later, I'm still alive! YES!!!!!
and still trying to trade for a living.

I will be keeping a record of my daily results on a google sheet for public to view, and will try to post clips from my trading with commentary so others can see why I've made those trades.

Hope you guys favorite this page and follow me on my journey to become a millionaire! Roar!

If you ever get to a point where the loans interest are too high, you can try www.topsteptrader.com

 

[Turveyd]

My loans for school were 4% APR. This guy is swinging an 11,000 line with 26% APR.

It's more like russian roulette with 5/6 chambers loaded.

Only way to play Russion Roulette, all 6 chambers loaded and don't go first

 

[taowave]

Here's my question...Why didnt you focus on an end of the day approach where you could have kept your job as well???

Either way,it's no bid deal as you are going enough to jump back on the saddle and get a job...

 

[Turveyd]

Here's my question...Why didnt you focus on an end of the day approach where you could have kept your job as well???

Either way,it's no bid deal as you are going enough to jump back on the saddle and get a job...

Because End of Day doesn't really work, or it works to a like 15% profit per year, still need funding at 24% apr cause it's all he can get and who says keeping his job was even an option.