My Biggest Trading Lesson
Source: Unsplash
I was only 19 years old when I made my first trade.
I had a gut feeling the market was going to go higher… so I invested $600 into the S&P 100. A few hours later, my money had more than doubled. I sold my position and took the $1,200 profit – a 200% gain.
And I was hooked on trading forever…
I made 17 trades during my first six weeks as a trader. Every single one was a winner.
Going 17 for 17 was a remarkable feat for a rookie trader – especially since I wasn’t using any sort of fundamental or technical analysis. I was just going with my gut. But I was careful not to put more than $1,000 or $2,000 into any single trade.
And I still managed to turn my $5,000 brokerage account into $50,000 in just six weeks…
And then I decided it was time to get serious. No more tiny trades. I was too good for the small stuff. For whatever reason, I had figured out a way to beat the market. Heck, I had just rattled off 17 straight triple-digit winners.
So I decided to take the $50,000 in my account, add to it my $25,000 in savings, and put it into a handful of trades.
You can probably guess what happened next.
This post originally appeared at Jeff Clark Trader.
Category: Options Trading
