We would like to introduce Michael who recently completed our In-House Intermediate Program, and is also on his way to becoming a full-time trader!
Below you will find out more about his journey.
Introduction
For the past 20 years I have been working in the construction industry. It is interesting though when I was growing up, I had always wanted to become a professional golfer or maybe an accountant as I always loved working with numbers.
I began my journey as a trader when I attended a Robert Kiyosaki Advanced Investment Workshop in 2002. During the event I was introduced to Options Trading. At the end of the event I thought I would give it go. So with no money I found a way to make $12,700 in my first month of trading options and was hooked.
After recently making a career change into Business Coaching I was reminded of the importance of having a mentor/coach myself. Therefore, if I wanted to trade seriously for a living I needed to have one. I wanted to find someone who knows what they are doing, with a strong track record.
In the middle of 2015 I attended an event in Sydney where I first met the Trade View team. Even though I didn’t sign up on the night, I really liked the style of how Rob traded.
In September 2015 after talking with Rob Bubalovski I decided to take the online trading course. It was during this course I realised I had to run my trading the same way I would run a business. And so in the first week of October 2015 I created my trading rules, having paid particular attention to the money management rules.
Brief background about your trading
Well, as you can see from my introduction I had a great start to trading options making $12,700.00 in my first month ever of trading.
I then continued to do well making a further $30,000 over the next 4 months. By this stage I thought I had found the answer to easy money. Life was good until the market found a way to humble me after becoming cocky, thinking I knew what I was doing. In March 2003 I took a position selling naked call options. I had no money management system in place and I was totally over exposed on the long side.
The market reversed and rallied the very next day after taking the trade, where I lost $38,000 by the end of the day wiping out most of my previous gains. I was very grateful that I decided to take my loss quickly. My broker suggested I stay in the trade as it would “likely” come back down and reverse in my favour. Had I stayed in this over exposed trade, I would have lost a further $250,000 over the next 2 weeks!
Even though I made money during this experience I decided to stop trading.
In 2014, I returned to the markets with some play money put aside to see how I go. I was trading OK, some wins, some losses but missing a lot of entries on the markets whilst I was at work or sleeping. I thought- there has to be a way to take these trades automatically. Within a few weeks I received an invite to attend the Trade View Event, and this was my foray into automation.
What you learnt at Trade View
Since completing the Trade View Investments Systems Building Online Course and Workshop I have been consistently making money. At this stage I am up 21.09% in less than 6 months.
My trading success has come from following the rules and listening to my mentors. I have a daily ritual of checking Trade View’s Market Brief which allows me to stay in tune with the momentum of the markets along with the aid of astrology.
Now with the foundation laid based on my trading rules, I am planning on doing my apprenticeship as a trader for the next 12 months to build on the art of mastering trading with Trade View Investments as one of my mentors.
Conclusion
What are your future Goals?
As a Business Coach my philosophy is simple “Balance Your Business, Balance Your Life”. So if I balance my mindset, the profit will flow in trading. I plan on continuing to educate myself as a trader through means of astrology, historical cycles and understanding the momentum of the markets.
My aim over the next 6 months is to create 3-4 profitable automated trading systems to take my trading to the next level, with the guidance and help of Trade View Investments.
My long-term investment strategy is to consistently make money in the markets each month, and use that money made to invest in properties. I would ideally like to become a trading coach or educator as well but for now I need to work on the basics as an apprentice trader.
