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My First Day (Trade)

May 15, 2017

I guess it’s time I confess something: I’ve been studying and practicing for a few months now to become a day trader. And confess feels like the right word. Like it’s something to be . . . if not necessarily ashamed of, at least to keep private.

Like I say, I’ve been (secretly) studying, learning, and practicing with paper account.

But today, I made my first trade with real money(!).

And you know what? It’s been a pretty good day. I felt the increased adrenaline and psychological pressure, but I stuck to my system through it all. And by the end of my session, I hit both my daily minimum goal and my stretch goal.

The thing is, I think I’ve got a shot at being really good at it. I actually (more sheepishness in admitting this) paid for some training and personal coaching. I think my background as a lawyer helps in assimilating new information and evaluating it critically. For that matter, a legal background is good preparation for the adrenaline-fueled days and exercising the discipline to avoid common emotional pitfalls. Having dabbled in (low stakes) sports betting and learning a little about bankroll management and developing a system help me feel right at home too.

So why am I bashful about it? Probably because I’ve known a few day traders, haha! Enough that I have this mental image of someone looking to get rich quick without hard work–which is not, I understand, the right way to think about this endeavor. Day traders are sometimes the kind of people I’m even more uncomfortable associating myself with than even most libertarians.

But I’m honestly excited and hopeful that it can be a good thing for me. In addition to my highly relevant toolbox, one thing I’ve learned about myself is that I’m not suited for an office job.

So wish me luck! (Just not too loudly.)

From → Day Trading

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