This is not the first time I share my story with you. I already did one week ago, but I had some issues with my previous account, and I had to delete it.
I’m 21 years old, and I live in Italy. I study political sciences. I have been following, studying, and trading the financial markets on and off since 2014.
Boring Trading Journey Story
Once upon a time… in 2014, a little boy named SpongePip watched a movie called “The Wolf of Wall Street”, and something immediately triggered in him and sparked a fire of interest in this wonderful magic field called financial markets. He was ready to become the first 15-year-old Wall Street billionaire trader
The following day, with these brand new dreams floating in his head, he was buying and selling random stocks, eager to see his useless demo account balance growing to infinity and beyond. What he truly wanted was proving to the world that by only using his computer, he could turn a couple of bucks into Lamborghinis, luxurious mansions, and expensive holidays… and then convince his parents to open a live account for him (yo, slow down virg!)
Unfortunately, it didn’t happen, and he ended up blowing multiple demo accounts.
That’s where the fairy tale finished and the reality of trading killed my Wolf of Wall Street ambitions. I was heartbroken, but I knew that if I stuck to it, I could make it! That’s how my trading journey began and from this moment on, I started getting more in-depth into the financial markets ranging from stocks to technical analysis, from options to dividend capture, to arbitrage, and finally to commodities and Forex. Unfortunately, I’ve never really been consistent with learning and trading for more than 2 months in a row… I have the shiny object syndrome, and I’m always searching for that bright new idea that’s gonna finally make me rich.
I’ve already started trading stocks, futures, and forex many times with a small live account of € 200, but I’ve never seen any results and ended up quitting with small losses or breakeven. Used many styles in different timeframes, scalping, trend trading, and swing trading.
The only results I’ve ever seen were always in demo accounts, but we all know that you can’t really take seriously demo trading, or maybe it’s just me.
And here I’m, 7 years later.
I’m not profitable.
I’m not consistent.
But during those 7 years, I’ve slowly learned a lot about the markets, about risk management, about trading psychology, and I know what is achievable and what is not.
My goal is to join a proprietary trading firm. I don’t have a job, and I don’t plan to get one until I finish my studies, so I can’t really add capital to a small account and grow it this way.
First of all, I need to build a full trading plan, backtest it, and start demo trading. I’d like to start getting positive results before 2021. I would even be satisfied with as little as 1% monthly return, but honestly, even breakeven sounds better than nothing.
If I can achieve it, in January, I will open a small live trading account and start tracking my trading results, hoping they get better and better with time. Eventually, I will get to a point where I can apply for a prop trading firm… at least that’s what I hope!
I’m here to share with you my journey towards joining that 10% of consistently profitable traders. I don’t know anyone who’s into financial markets and I think this community can help me with my consistency and hopefully, I can give you something back as well.
Thank you for your attention,