Earlier I told you my story, and how I quit a nice six-figure job as a director at IBM to become a full-time trader.
And I moved 5,480 miles from Munich in Germany to Austin, TX to start my new life.
I had $20,000 in my trading account!
And I was excited. I left the corporate world behind and was FINALLY free to do what I REALLY wanted: Trading.
But it didn’t go well…
Not at all!
Because within a few weeks, my account was already down.
I lost almost half of my money since I didn’t have a proven system.
I jumped from one trading strategy to the next…
… and I was panicking.
So I bought more books, courses, indicators, software packages, and I invested a lot of time and money… only to get more confused.
I couldn’t believe it: I am a smart guy!
I went to college and graduated in business and computer science!
I was very successful when working for IBM! Why couldn’t I figure it out?
My account was slowly but surely going down… and the time was ticking.
I spent 10 hours per day in front of my computer… so much for freedom!
Yes, I did have some winning trades, but overall my account was still going down. I was bleeding to death.
I was now 8 months into my 1-year deadline. I had only 4 more months before my time was up, and I had to go back to work for “the man” – because that’s what I promised my family.
I never forget the moment, when I was sitting at the kitchen table at night. It was dark… and I’m desperate…. almost ready to give up, … when it hit me!
I suddenly knew what I did wrong, and how to fix it!
I wrote down my new plan, and I was excited.
It’s all coming together.
The next day I followed my plan.
And it worked!
Over the next few weeks, my trading turned around. FINALLY!
… and the rest is history, as they say. 🙂