How Are Raptor's Trades Doing? Robinhood Dividend Challenge

When I first decided to concentrate on trading as a full time job, I wasn't as scared as I was unaware of the hard work and preparation that it took. It is very Millennial of me to say, but I am just being honest. Most of my decision making relies on just taking action and learning the things I need to later. This had always been the case for me, and I used to hate myself for it. But I slowly  realized that the more I embraced it, the less anxious I became, and the better I performed. Over the years, I saw a pattern -- This was how I learned things well every time. School? I just applied and took massive action. I learned a lot of valuable things along the way. Brazilian Jiu Jitsu and MMA? Just took massive action and faced my fears and just did it. Got very skillful as a result. One thing I realized however was that I tended to never focus on one thing. This time, I made a conscious decision to become a millionaire trading the stock market. I wanted to become the best trader I could be, and I knew that I had a talent for it. This was also a passion of mine.

The first swing trade that I ever made was $AAPL late 2016. I wasn't as experienced as I am now, but I studied as diligently as I could and made a profit of over $250. I made some more trades later on with more losses than wins, but nowhere near as big as the win I made with $AAPL. I had promise, but my trading career stood to a halt when I took an investment course that was fundamental heavy. The professor was also biased against technical day traders. This served to shape my investment style over the next few years. I had taken on his bias and for a few years was a longterm holder with an emphasis on fundamental analysis. So for the next 3 years, I became a fundamental analyst with a small account. It grew over time, but nowhere near where it could have been if I had traded the principal balance for profits over that bullish time frame. The next few years were formative. I had a passion for investments, but I was working a dead-end job that I hated and expenses were causing my investments to grow really slowly. There is nothing wrong with fundamental analysis or growing an account slowly, but a small account just wasn't doing it for me. Over time, I dipped into the principal balance to pay the bills, and life consisted of going to work, eating, playing with my dog, and checking my Robinhood balance. Then, at the end of 2017 while I was at work, Bitcoin surged to $20,000. I was slaving away at work and had no time to check the prices and missed the whole run up. I vowed never to work for the man and miss that opportunity again.

At the beginning of 2018, I promised myself I would not be scared of investing, and striking out on my own. My identity was slowly getting destroyed by corporate life and being surrounded by human drones so I made a drastic decision to go all in on my passion projects and figure it out on my own. Most of 2018 thus far has been a learning curve in figuring out what I want to do in life, and how I can best grow a YouTube channel and social media presence from scratch. There was a lot of personal development during that process and discipline building. Most importantly, I decided to go all in on my passions. Most of 2018 thus far has been getting my shit handed to me because I didn't have a vision for what I wanted. I was losing focus on distractions. Then approximately 2 months ago I made a decision to become a full time trader and do whatever it takes to become a Robinhood millionaire. The first weeks were an orientation period where I lost more money than I gained, but over time incidentally started developing my strategies. I won't talk about all of my trades, but I'll give you the main information.

The first trades I made were large cap stocks, and I held mainly 1 or 2 shares at a time because I was scared. This was my first swing trade in 3 years and I eased myself into it. I made a few cents here and there, and then finally got into large positions in $T and $CNK at which I got absolutely rekt. The reason was because I sold too soon when the stocks were falling, and then realizing later that it was actually a very profitable trade. In total, at the beginning I lost about $20, which was drastic to me because of my small account. I didn't give up, and after many inefficient yet profitable trades, started doing better. Then I got into pennystocks, which I previously was very much afraid of, and started doing well on them. Thus far, I have been profitable with an 80% win rate, but my efficiency is severely low. Many of my trades were ones where I could have profited much more but I took profits too soon. You can view my trades here: Be sure to sign up and follow me on there. I can't wait to show you some very big losses I just took as of 8-31-2018.

2018 was definitely a year of finding myself and learning who I am as a person. Over the past 3 million decades, I was going through life testing this and that--failing from one endeavor to another, without focusing on my strengths or passions. I learned to become confident in who I am and what I want to do. As a result of that, one thing I did was learn to identify my cognitive biases and start swing trading once more at the negative prospect of my old investment mentor in college.

I'm not sure what the future holds for me in trading, with very low rate of success, as 90% of retail traders are unprofitable. But I'm excited for the challenge, and I will be studying as hard as I possibly can. Knowing my previous history with learning new skills and jumping into the baptism of fire, I am confident I can make it. One thing I do have is grit. If you haven't already stay subscribed to my YouTube channel. There I will be going over how my trades are doing on a personal basis. I am also currently learning how to trade crypto as well.
How Are Raptor's Trades Doing? Robinhood Dividend Challenge How Are Raptor's Trades Doing? Robinhood Dividend Challenge Reviewed by Dividend Raptor on 10:02 PM Rating: 5

No comments:

Powered by Blogger.