Some may call me a jerk when it comes to my lack of pity, but hey… you can thank our guest for my shortfall of compassion. We speak with Mario (chatroom alias “MarioR”) and as you’ll learn, the man is a beast when it comes to “making his passions work”. I don’t want to offer up any spoilers, but if you’re in need of some additional motivation to remove the “I have excuses” card from your deck, then look no further… this is the interview for you! For those of you who are members of the community and hang out in the chatroom, I’m sure you’ve seen Mario around along with the screenshots he posts of wins and loses. There is no need to beat around the bush, the guy puts up some very big numbers and it is quite inspirational to know what is possible. The big numbers are awesome no doubt, but getting to the point he’s at now took all kinds of blood, sweat, and as he admits, literal tears. Prepare yourself for a “no excuse” ride.
Notes:
Today we interview community member Mario who goes by MarioR in the chat rooms. He was introduced to the market at a young age when his father was trying to day trade on the computer.
After Mario got out of the military, he had a large sum of money but was unsure if he wanted to trade with it or invest it long term in mutual funds. He did eventually put it into a brokerage account and tripled his account when he admits he really knew anything.
Those easy gains went as fast as they came in and his account was back to the 20k mark. He had a few bouts of success followed by drawdowns which led him to reevaluate his approach.
After accidentally discovering short selling, Mario found that he has developed quite a skill to find over extended names to get short on. Just utilizing basic support and resistance, Mario strictly focuses on finding ideal setups, excluding his old boredom trades.
Mario has plans to go full time in the future after all his expenses and debts are taken care of. He has a great long term plan regarding what criteria needs to be met before he embarks on that business plan.
Since Mario has done this for many years, he knows where he still struggles and is taking steps to remedy those to continue trending his account up. Being honest with yourself regarding both the good and bad is crucial for growth.
Quotes:
I made some swing trades and eventually had 60,000 from 19,000. I had no idea what I was doing. Everything was low and I made out.
If you’re going to do this you need to get educated. I just picked up stuff randomly from other traders and made my own style.
I can think to myself, if I was long where would I be selling? Then that’s where I’m thinking to get short.
My problem was I never feared losing money.
Income is not a dirty word. I work second shift and that allows me to trade the morning so I stick with it.
If you’re treating stocks like a lotto ticket you need to change that mentality. Trade well and take what the market gives you.
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