Editor's Note: Congrats again! We're excited to have you as a subscriber to our Trade of the Day newsletter. Before you start getting our daily market intel, we wanted to tell you about one more thing you'll be getting every Monday. To start each week, you'll get a free Monday Morning Watchlist video from our Lead Technical Tactician Nate Bear. Nate is a former construction worker who became a multimillionaire in just four years, and he specializes in trading based on chart patterns in the market. Now, every Monday, he's going to send you a free video with all the charts he's looking at for potential trades. And lastly, if you want to start following Nate's trades in real time, you can check out his latest service, Profit Surge Trader. Here you'll get live access to Nate's "One Ticker Payouts" strategy of trading just ONE TICKER over and over again for potential profits. Click here or read below to learn more about Nate's mission. And be sure to check back on Monday for Nate's weekly watchlist. - George Banko, Senior Research Analyst The 4 Days That Changed My Life as a Trader Nate Bear, Lead Technical Tactician, Monument Traders Alliance Dear Trade of the Day Reader, Bad mistakes. To paraphrase the late, great Freddie Mercury in "We Are the Champions," I've made more than a few. Don't get me wrong - things are great now. I've managed to make a wonderful living for myself and my family, and we have the freedom to live our life on our terms. But my journey from $37,000 to $2.7 million in just four years was no pleasure cruise. Today, I'd like to share with you the four most transformative moments of my trading life. I would've saved my family a TON of stress and heartache if I'd known then what I know now... But without the bitter defeats, I wouldn't have learned to appreciate the victories. If you're struggling or feeling lost - or if you simply want more chances to find winning trades - I hope this helps. 1. The Hole in the Wall The darkest day in my trading career came about a decade ago. A little backstory: My full-time job at the time was renovating stores like McDonald's and Home Depot. It required me to work all day and take calls all night... and I sometimes had to be away from my family for a week at a time. It wasn't fulfilling... and it certainly wasn't lucrative. My family was counting on me to provide for them, and money was getting tight. So I decided to give trading a try. One day I heard some "expert" on TV going on and on about how Apple (AAPL) was going to have its best quarter ever and crush earnings expectations. So, thinking nothing could possibly go wrong, I loaded up! Well, as fate would have it, Apple MISSED on earnings... and my trade quickly turned against me. It kept dropping... And dropping... And dropping... Until I'd lost everything. $15,000... GONE. That's right... We were already in a tough spot financially, and then I threw away 15 grand on an earnings event (which I now know is basically a coin flip!). I felt like a complete failure... I was so furious with myself that I punched a hole in the wall next to my desk! And for the next two years, that hole served as a daily reminder of how naive and shortsighted I'd been. I knew that if I was going to survive as a trader, something had to change. 2. The Community I'm a naturally independent person. I take pride in being able to figure things out on my own. But by this point, I was out of options. I had to ask for help. So I joined an online trading community. And the instant I joined... I was floored. For the first time in my trading career, I felt like I wasn't alone. It turned out there were thousands of other people out there longing to create better lives for themselves through trading - just like I was. We shared our ideas, goals and aspirations... we congratulated each other on our winning trades... and together, we learned the importance of finding a winning system and sticking to it. It took some time... but I started to believe in myself again. Before long, I went from humbly asking questions to confidently answering questions. And I even began to develop my own trading strategy. (If you want to skip ahead and learn more about my strategy, go HERE.) There's truly nothing better than a community of people committed to helping one another achieve a common goal. I know for a fact I wouldn't be where I am today if I hadn't found one. |
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