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Friday Feature: The Story of my First Trade, Part 4: Newborn Baby

August 9, 2019

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Friday Feature: The Story of my First Trade, Part 4: The Newborn Baby

“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…


Slawomir Juraszek (a.k.a. Slawek J)

Born and raised in Poland. Came to the U.S. in 2002. Started Trading in 2008. First teacher: Noah Davidson. Currently a professional day trader.

Contributor for wallstreet.io: running trading room there “Passport to Wall Street”, making videos and writing articles about NYSE (in Polish).


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3 Replies to “Friday Feature: The Story of my First Trade, Part 4: Newborn Baby”

  1. JimGuanzon JimGuanzon says:

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

    Congrats! Great blog. need to read entire series now!

    cheers
    JIMBO

  2. Justin Driskell Justin Driskell says:

    I’ve been enjoying this series Slawek. Keep up the good work!

  3. Avatar brzezinska.wioleta says:

    Hi Slawek! I’m Polish as well. Trying to find my own way in this stock world. Is there any way to contact you directly via email or so?

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