Hello everyone I just achieved a big target of mine and felt like posting it for bragging/encouragement seeking, but in return I will share some of my experiences so I feel like it's a fair trade . I admit my weakness in ego and I desire some validation for my achievement, and I rather get it from "strangers" on the net than letting my real life friends know(for obvious reasons).
My milestone was a 6 figure month from trading, Jan 2016, I have 2 separate accounts:
The volatility created great opportunities and big daily moves up & down were just goldmines.
A quick biography on how I got started..started in ASX stock market when I was in high school, got sucked into seminars, wasted money & time studying those crap, or so I thought at that time..looking back now, knowing this useless stuff is actually useful - because this is how most retail suckers trade. That is an insight, learned at a premium.
I was playing World of Warcraft back then, and found success in trading it's commodities. They had auction houses where you can list items for sale and people can bid stuff. I actually ended up spending more time trading in game than killing monsters. There were "commodity" items, consumables that were widely used to craft armor for example, like copper bars. I watched prices and bought and sold it regularly. It basically paralleled real life markets as the psychology are the same. I learnt many lessons such as certain times of days would be high liquidity and how being patient can make money off the impatient.
Few years forward, after blowing up 2 accounts finally found proper mentors & resources. I was so engrossed in trading this is what happened to my finance uni grades:
Perseverance was key..After finding some success, kept honing at it and then it compounds really fast..I also think you need total confidence, I never felt like giving up, my questioning of whether I will make it in trading or not were very short lived. I'll write some random thoughts next few days, any questions fire away..just be warned if it's trading specifics and its not of my belief I will rip it apart without mercy..just keep in mind it's my opinion only and I'm sure there are others with opposing belief that are successful with them.