Last update: August 2021

“What a relief. I felt like a newborn baby.”

Slawek J —

Traders,

In this blog, I’ll continue telling the story about how I was taking the first steps in the financial world. If you didn’t read the first three parts, please, visit Part 1, Part 2 and Part 3.

So the first out of four total classes I attended was over. At that time, I did not see any reason why I should attend the remaining three. I knew what would happen. It would be nice, I would meet with great knowledgeable people, and that would be it. I highly doubt I would be able to understand the material that the speaker was going to go over again.

I tried to use a dictionary together with the Master Trader Course. Unfortunately, no dictionary that I have had access to could translate all the technical language.

Then, I decided to sign up for the weekly “Trading Labs” every Monday morning. That was the best thing I’ve done. Being in a medium-size group of beginner traders, I could listen, ask questions, understand the mechanics of trades being placed, managed, taken off, etc. A few months in the group and I finally understood the entire course I attended before the lab.

At the same time, my Ford position was on the rise. Eventually, one day it was at break-even, then a bit higher and I decided to take it off. I could not stomach +/- $5-10k moves per day anymore after I learned how to put trades with small risk and potentially big rewards.

What a relief. I felt like a newborn baby. All of my problems disappeared with just a few clicks of the mouse. I felt conscious and competent about trading stocks.

It was the time of a market bottom. I placed a few trades out of my account (can’t really remember them all, I think PRU was one of them) with clearly defined risk, entry, target and everything else. I was following the rules. In the first week of my conscious trading, I made well over $10,000. Life was good.

I didn’t feel like wasting time fixing cars anymore, so my next decision was quitting my job.

Another brilliant move on my end…

Financial freedom is a journey

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