Just in case anyone is reading this, my name is Emanuel Gheorghian; I am a 33 year old Romanian national living in the UK with my wife & 18 months old daughter. I am a business owner here in UK, former IT specialist. I have graduated mechanical engineering @ one of the top Universities in Romania, I also have a masters degree in Health & Safety. I only got to practice 2 years in Romania before me and my wife decided to migrate to UK in 2012 in pursue of a better, more fulfiling life. I quit my IT job in 2017 May when my wife gave birth, to be able to help her with the baby and the business. I am a very active person and I like to always keep myself busy with work, so I found myself staying at home not doing much and that's when I decided trading may be something that may suit me. Little did I know that this may be the most challenging thing I would go through up to this point in my life and career.
Fast forward to June 2018, after trying to invest in cryptocurencies and losing some money into trading Options, I tumbled across Tim's interview at Steven Harveys show and it looked genuine to me. I have done some research on Tim and decided to give this a try.
I signed up to Pennystocking Silver and right away started to watch Tim's videos and webinars. I have opened a brokerage account with TradeZero and deposited $2,500 at the end of July, which by the mid September I lost about $1,700 (which I was ok with) because I knew I'll have to test the market, the emotions of being in a trade, strategies, etc. I managed to recover about 60% of my losses but things turned around again at the begining of October when the overall markets started trending down.
I only had $800 left in my account now and I remember on the 17th of October, I lost all $800 in 1 trade; it was $CADC a low float shipping company, that it was moving in simpathy to some other shipping company (can't remember the ticker). And I am glad I did loose it all because this was a wake-up call to me and I realised I was playing a dangerous game and that was: I WAS CHASING STOCKS... so I was buying into strength and selling into wickness (when really it should be the other way around) and the main reason is because I didn't have a plan before going into a trade and the fear of missing out made me want to be into trades at all costs.
I remember blowing up my account didn't make me feel bad or upset or whatever, but I realised I needed help, I needed to study more and come back better prepared. Luckily I received and email invite to join the Challenge programme (which came at the right time really) and couple of days later I did and with a team of successfull traders and enourmous amount of DVD,s webinars I felt like I now have better chances to survive as a trader.
It's now been a month in the Challenge, I've been studying hard, I think in average 10-12 hours a day including weekends but I feel I am just scratching the surface. I have also deposited only $800 in my broker account in purpose (I have a cash account with my broker and every time I take a trade they update my balance the next day)...I figured this way it would be like I was under the PDT, so I will only be able to have 1 trade a day and that will force me to only go in good trades with a proper plan. I am hopping to recover my initial losses by the end of January, I think that it is a realistic goal, but I have to stay disciplined and trade only the setups I think I am good at, which are: multi-day breakouts, buying intraday perks, dip buying morning panics.
Since the challenge, I have also learned to keep a more accurate spreadsheet of my daily trades, and I am keeping a daily watchlist as well now (I am honestly still using Tim's watchlist thoughts as my daily watchlist as I am not yet able to make my own watvhlists for some reason), but at least I am learning.
From my 5 months journey so far I found that it is important to learn everything you can about trading: watching podcasts, other traders blogs, videos, webinars, DVD's, being in the chat room daily, but most of all learning to develop a daily routine and plan for yourself and really find your edge. Find what setups work for you and be patient to wait for those setups and not forcing trades.
I just wanted to write this blog post for myself to keep track of my trading journey and I'll make sure to write one at the end of each and every month.
To anyone reading this, remember what Tim says "this is a marathon, not a sprint", keep learning, keep pushing, never give up. Results will come eventually.