Daytrader stop gain of 11 million
A 25-year-old citizen has acted shares with arms and legs for more than four years. It has paid off, but now he stops. It’s too stressful, exhausting and dangerous to be a day trader.
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[B]A return of up to 35.000 percent at four and a half years. [/B]A pre-tax earnings in excess of 11 million dollars by not less than 72 758 trades with American equities. This corresponds to a gain of about [U]150 crowns or just 0.06 percent per trade.
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25-year-old Kozok Flemming Sørensen has been daytrader full time. That is to say that he acted shares with arms and legs and often until midnight, since it is American equities, he jumped in and out of. Now he has decided to stop the party.
Why he says shortly. It should be mentioned that [B]Flemming Kozok with its impressive number of equity trades have paid close to 6.5 million dollars in pure brokerage to an American stockbroker. In addition, other transaction costs in the form of fees per traded share of more than four million. [/B]
The falling dollar also hit Flemming Kozoks earnings from American equities. Two and a half years ago, the dollar was up at 8.50 pounds. Now it is 6.05 pounds. This has resulted in a loss of approximately three million. [B]Flemming Kozok has therefore acted more than 24 million homes in just over four years. Huge profits are created with an initial capital of paltry 32,500 pounds.[/B]
Got huge debt
Flemming Kozok living in Copenhagen. At Greve High School, he began a decade ago to sell shares in a small way. After serving 700 dollars on the ISS he got a taste.
“In the lunch break I started reading the newspaper Stock Exchange and Erhvervsbladet to gain insight into the listed companies and the market’s way of acting,” says Flemming Kozok. And then he began to leverage its investments - ie speculate with borrowed money.
The initial capital came from a job as a dishwasher at a local restaurant and soon began to breed. After five years, the first million in the house. He was only 20 years old. Then threw Flemming Kozok over American equities. However, it was a brutal entrance, where he was five months later with a six-figure debt for maximum leverage.
Fortunes reversed for Flemming Kozok, and in early 2000, he had 32,500 dollars on your pocket - when he began the more intensive day trading.
Lost 4.3 million
He has the most hectic days made hundreds of trades. Record day in terms of number of trades is greater than 500 Greatest earnings in a single day is 620,000 pounds. The biggest loss in one day is 540,000 crowns, he says. The minimum ownership period of seven seconds with an income of $ 110 in a ‘spread-trading’.
His psyche and trade profile is by his own admission 'tailored for day trading activity. "
So in just the first four and a half months completed Flemming Kozok 11,000 trades and served no less than 6.4 million pounds.
[B]
"I got the opportunity to execute my thinking to the fullest. When thinking was very much correct, it resulted in substantial earnings, "he said. [/B]
[U]But Flemming Kozok was hit by a new downturn and made a loss of 4.3 million in just five weeks in the summer of the year 2000 Once again, he was on the ropes. [/U]The difference in contrast to previously, however, that this time he continued to have significant capital in the back.
Large psychological pressure
The road from the remaining 2.1 million before tax for the current more than 11 million has been long and hard. He has worked for what many would call a grueling strategy.
He has always sought knowledge to as many companies as possible. By constantly and intensively following the 40 stock lists, he has a short time been able to skim the 1,500 shares through each day. Based on a number of criteria, he saw daily compiled lists of three types of shares with the potential to rise or fall. The list included the typical 20-40 papers. On Spekulant.dk | Daytrading med Kozok | I can see the almost 40 stock lists.
Many factors have been decisive for the Flemming Kozok struck a deal. But the decision has always been definitively based on the appearance of the current order depth. A tool as of Kozok described as ‘Alpha and Omega’ for the intensive day trader.
[U]Many would think that Flemming Kozok was a happy man as he made good money.
"I would never ever go through it again. The psychological pressure is simply too hard, "he says.
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In addition, there is also another more fundamental reason that he stop, that he has now reached its earnings. Only about ten percent of all daytradere make money. [B][B]Flemming Kozok is the only known Danish daytrader with success on this scale.[/B][/B]