Friday Feature: The Story of my First Trade (Part 3)
July 12, 2019
Last update: August 2021
“I sat in the front row. My level of excitement was through the roof. I kept on thinking to myself that these guys have the answer to what to do with my account loss.”
Slawek J —
Traders,
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 two parts, please, visit Part 1 and Part 2.
After seeing an online ad from Robert Kiyosaki about learning how to navigate through the financial markets, I got a small boost of confidence. I thought to myself, “Well, maybe they will at least tell me what to do with the huge loss in my account.” I had no clue who Kiyosaki was.
After the first two meetings with a sells representative, I signed up for every possible stock market classes.
The first class was three days long and it happened during the weekend in Philadelphia, PA, so I took only the Friday off from work. I went there hoping and praying to get answers to all of the questions that I have had about the stock market so far.
Shockingly I made it on time. It was a beautiful hotel, the DoubleTree, with a huge room. And there was the teacher. His name was Noah Davidson.
I sat in the front row. My level of excitement was through the roof. I kept on thinking to myself that these guys have the answer to what to do with my account loss. However, I wouldn’t say a word about my problem. Instead, I’d try to have a conversation with the teacher during the break.
Finally, he started the class. Cracked a few jokes, the room was laughing their butts off including myself. What a confident and likable young guy. The amount of knowledge and the way he was going through the material was impressive. A few hours into the class, I was thinking to myself “Oh, wow! He is The Stock Market God”.
Finally, Noah started talking about short selling the markets and I stumbled for the first time. I couldn’t fully comprehend it, theory and application. What would that even mean?
It bothered me for a few minutes until others started asking questions about it. So I thought it was just a difficult subject, sure it will come to me eventually.
During the whole class, Noah kept on talking about Technical Analysis, Bollinger Bands, ATRs, Chaikin Money Flow (CMF), reversals, cup and handles, journals, triggers, etc. All I could understand after a while was his jokes.
My excitement by Sunday went to zero. I realized that I threw thousands of dollars into the garbage disposal. And it was not because I did not get what I paid for, I simply did not understand what the guy was talking about. I didn’t even bother to ask Noah what to do with the loss in my account.
After three days my brain was shut. I was overloaded with pieces of information that I could bearly understand. Dictionary was of no help either. After all, all I’ve learned was that someone sold me some Ford shares and that the Stock Market combines buyers and sellers.
I felt like Noah was not speaking English in my class anymore.
Financial freedom is a journey
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