Seriously, after working full-time in another industry for a while I decided to return back to trading and timed it to the beginning of the financial year. I am physically unwell which is a lot of the reason why I returned back to trading (it allows me to rest when I need to) and simply wanted income to pay the bills. I knew that I had the experience to be able to consistently make around $1000.00 a week which was comparable to what I was making working for somebody else.
Nothing could have prepared me for what happened next.
I made an initial deposit of $252.00 (the extra $2.00 was to cover a credit card fee which I didn't actually have to pay) and also had $125.55 left over from the last time I traded. I noted that my broker now has a Sprint Trade facility which initially I thought was gimmicky and very easily able to be altered by the broker, never the less I put the $252.00 along with the $125.55 "on red" when I saw an opportunity and the return was $631.00 after 5 minutes. Not bad for a mornings trade, I continued on with this "Sprint Market" machine and each morning when I felt well enough placed fairly high risk trades. At one point I was sitting on $15,000.00 and put the whole lot on a long position which for 4 minutes was in my favor only to close out below my opening price. I lost $15,000 in one day and I felt violently sick. I thought what the hell was I thinking, $15,000 gone. For some strange reason I had withdrawn $2,000 earlier that morning and that was cash in transit to my bank account. I made a conscious decision. I said to myself:
- I am a trader, this is what I do.
- I am a good trader, successful and able to work with the market to generate strong returns.
- The market is as much mine as it is anybody else's.
I wanted to turn the $2,000 back into the $15,000 I had lost the previous day. In the morning I put on a suit and dressed as if I was going to work. I actually felt confident, I knew I could do it. All I needed was 5 successful, concurrent trades. I did it.
I am now sitting on just under $40,000. I have dramatically reduced my risk appetite but it is so nice to have enough money to generate a consistent profit whilst also saving for a house.
Trading is awesome.