I can totally relate to our guest, Delgado (same name in chat room), as he started on the same path I did. He first got involved in the markets doing the “boring” stuff by investing into blue chips, but like myself, he became fascinated even more with the market and wanted to get hands on. There is certainly nothing wrong at all with wanting to become more involved in your own money’s growth; however, going down the wrong rabbit holes can lead to a world of headaches.
Notes:
Delgado’s introduction the market was somewhat similar to others. He had a teacher in school who would have the students pick 5 stocks each week and then see how it worked out the following week.
He did open up a trading account with about $5,000 and invested in some relatively stable blue-chip dividend stocks. Even though he experienced success with his long term holdings, he had always aspired to be a day trader but didn’t know anything about technical analysis or methods to accomplish this goal.
After a friend introduced him to technical analysis and options, he wanted to find a more reasonably priced location to learn. That is what led him to the Inner Circle.
While he didn’t know what to expect when he joined, he quickly realized that the community had a no BS type approach and would always be straightforward and honest with him. Considering he wanted a place that wasn’t going to make false promises, he decided to dive in and join CTU.
To this day, Delgado is still going through a few of the courses while focusing on a small basket of high option volume stocks. He still primarily trades TSLA. When you strictly focus on a small amount of names to learn how they act we call that getting ‘romantic’ with a ticker.
Quotes:
“When the market tanked in 2008, I was all about Warren Buffett and just long term investing.” tweet this quote
“Instead of just getting out, I started to hope and wish. It was me being cocky thinking that this is easy.” tweet this quote
“It blew my mind how much money I could lose in 5 minutes. I could feel the sweat running down my face.” tweet this quote
“I learned patience. You don’t have to trade every day. Once I started trading, I felt like I always had to be in a trade.” tweet this quote
“Arm yourself with a little bit of knowledge and your aim improves.” tweet this quote
