Hello there. This is my first post here. So a short intro followed by the topic

I am Mr XYZ who makes close to a 100k a year through the day job. But as you all know it doesnt matter how much you make the spendings are always proportional to your earnings. So I have been trying hard to push beyond that 100k mark for over a year now. I took 3 or 4 super expensive courses (sponsored by my employer) to enrich my knowledge in certain skills. But that has so far not resulted in $ gains.

Lets just say I am not the real humble type of a person. You could say I am close to being an asshat. So my goal is make more money. And I am ready to work hard for that. Which is exactly what I did for over a year learning special skills, spent extra hours in the morning and evening. A year later no dollar gain. I ditched the entire GROW your career plan. My career grows on its own no matter what I learn. Thats when I decided to go into investing.

 

INVESTING

I did invest for over 6 months / saved a lot of money invest in various mutual funds / deposits etc. Invest in lands / homes. Invested in gold / silver. Long story short none were of my interest / I had no control over some factors. I have always followed stocks but I did not want to get into them as I always saw them as GAMBLING.

THE CHANGE OF HEART

The key change of heart came when I noticed I had ESOP's for over 2 years. I had my companies stock which I completely forgot I signed up for. It went from $40 to $70 in 2 years. And though small my invest grew to $6000 with no action from my end. This led to my decision to get into TRADING not INVESTING in stocks.

TIM SYKES  who?

I started reading voraciously about stocks, eventually I ended up reading about PENNY stocks and TIM SYKES. And the first thing that hit me was "Bah, another SCAM guy". "Look at the website loaded with GET RICH SCHEMES". I am not falling for that. The more I read I decided to give it a shot. I got nothing to lose if I start with a miniscule amount of $500. I started following his stats, started reading all the material I could get officially from TIM.

TIM SYKES - The REAL DEAL

All my doubts were thrown out the window the moment I saw those graphs moving exactly how he explains it. And I was sold the moment I made my first profit. I was not keen on making big bucks for the next 3 months. My only goal was to utilize the $500 I had and try out whatever I wanted. I did not care if I lost the entire 500 in the process. I just wanted to be sure I was able to play the plays. I was ready to pump in 5k the moment I was confident.

ROLLING IN THE MONEY

So I started trading, I never wake up before 9 AM PST. But for the past month or so I have been getting up at 6:30 AM to start work early. I am completely IN. Confidence levels were high, the profits were rolling in. I was able to quickly make $100 in just 2 weeks with just 500. That is a 30% increment (before tax obviously). I clearly knew why I lost in 2 trades (my only 2 loses ). I maintain a crude spreadsheet and have some graphs populated which extrapolate how much I would make if I continued with the same investment / profit % etc. The monthly profit I would make with 30% increment was MORE THAN the damn promotion I would get if I worked my ass off for 2 years.  [THIS IS A MINI ACCOUNT not meant for HUGE profits]

 

[INSPIRATION : I missed this, I am a model car collector. I collect model cars from AUTOART or HWE which cost $150 - $200 each. I have over 40 or 50 cars all of them Lamborghini's and Ferrari's. I took out one of the expensive models  a Lamborghini Aventador Roadster Azzuro Thetis from its protective case and had it sit right next me everywhere. Work / Sleep / Play everywhere I go the car goes. That was my inspiration, I wanted the real car not a model anymore]

 

THE OVERCONFIDENCE

With all the confidence I got from my  graphs and stats in 2 weeks I got super pumped. The rules TIM set blurred out. I got over confident. I went all in on $SYPR, I saw TIM cut loses and get out quick. I thought I can still beat this. Strategy became Gambling. $SYPR wiped out my entire $100 profit I made in 2 weeks. My graphs have been reset to 0. I have not lost my own money but I still lost what I made dollar at a time. You can see that all my trades are small.

 

THE REALIZATION

Now this was a good wakeup call for me. I am not worried about the losses, they are miniscule but the way I lost is SO CRITICAL. I knew not to GAMBLE before an earnings call, I knew I should not chase a downtrend, I knew I should cut losses quickly. And I followed none of these rules. I was baffled how could I not follow a rule which I set (from TIM's rules). This clearly shows my lack of faith / lack of commitment to the mission of earning big bucks.

So it is an awesome lesson for me to stay grounded and focus on the rules AT ALL Times. And I have not sold my stock yet due to lack of buyers at the required pricepoint.

 

END OF STORY

- YOU ARE NOT A PRO, follow the PRO.

 

(And I dont have to say this, cause everyone says this a bazzillion times. CUT LOSES QUICKLY.)

 

DISCLAIMER : I have written this on my own accord. No one paid me to write this or this aint fake. All my trades were done through Robinhood so you dont see the verified symbol. I got enough evidence for it.