Is it possible to start with a small amount of money and make it into a million dollars?
Short answer - yes!
Long answer: depends how much time and effort you're willing to put into developing a new high income skill set.
I am fortunate that a lot of our Market Stalkers students are quite well off. Most of them have disposable incomes of 6 figures because they are already successful in other professions. So far we've had wildly successful performances from pilots, engineers, doctors, high-level programmers, former musicians, former semi-pro footballers... These are the typical backgrounds that have transferable skills that easily translate into consistent profitability.
We are facing a difficult uncertain future as the human race. The JOB ECONOMY is dying at a rapid pace due to COVID-19. It's becoming paramount to start developing your HIGH INCOME SKILLS.
To prepare for the upcoming SKILL ECONOMY you need to think beyond 9-5 rat race and a simple salary in exchange for your time. No one ever got rich trading time for money - and yet billions of people still do it. Why? It's easier, that's why. Comfort zone where there's no risk and everything feels nice and warm and fuzzy. But it also puts a ceiling on your income potential.
By learning how to properly do day trading from me will require quite an effort, time and money. But in the long run, learning Market Mechanics will actually save you A LOT of cash that you would have otherwise donated to the stock market.
I learned my skills on the fly, during my apprenticeship at a prop trading company.
Someone who doesn't have an opportunity to learn from a pro prop trader who can show them the ropes and tricks of the business will lose anywhere from $10,000 up to $300,000, trading with undirected trial and error within a few years.
It's not that people are stupid - quite the opposite. Many who go into day trading are mostly highly successful, intelligent individuals who have PhDs and Masters degrees in difficult jobs that already require a lot of skill and practice.
But for some reason, they never think to apply the same principles that helped them develop their other skillsets. Mainly because of the perpetuated idea in the media how 'day trading is easy and can be done by everyone' - a total and complete LIE.
Day trading is the pinnacle of investment skills. Master-level performance is required. Anything less and the markets will eat you alive.
The skills required to become a consistently profitable day trader are equivalent to skills required to become a part of the Olympic training team.
Both skills are performance-based disciplines: except sports relies on physical prowess, achieved through many years of methodical practice and experience, working on your weaknesses, both technical and psychological.
The other - daytrading: relies on your observation of the market moves, your knowledge and experience, also achieved through years of methodical practice, working of your weaknesses. Technical and psychological. *is there an echo in here?*
But because daytrading seemingly only requires a press of one small mouse button, many neglect the part about 'years of methodical observations, data gathering, statistical information and working on your own weaknesses'.
Expecting that one day, somehow as if by magic, bumbling around with random strategies will bring them the profits they desire.
Let's put this in a scenario: let's say you meet Shaquille O'Neal.
You ask him to show you one 'simple' move that's worked well for him over the years.
So he shows you: RUN RUN DODGE SHOOT. He executes the combination with flawless athleticism, exhibiting speed and skills of a minor God. You can literally see years of long practice backed by a ton of experience oozing out of every turn and jump. Strategically assessing every new situation with lightning-fast reflexes.
Would you then think to yourself: "oh wow amazing, I can just use that one move RUN RUN DODGE SHOOT and try out for the NBA next month! I will be a millionaire in 6 months".
Sounds rather ridiculous doesn't it?
Well that's exactly what people try to do with day trading:
Getting involved in a game of complex strategy under uncertainty principles with numerous outcomes then trying to do one single move of RUN RUN DODGE SHOOT in every single situation, expecting to become millionaires in two weeks.
So then: Is it really possible to make a million out of $2,000?
Yup it sure is. In fact all it takes is a return of 16% per month and you'll be a millionaire in under 4 years time. But not before you learn order flow and market mechanics, as well as how to apply all those principles in varied situations that the market may throw at you.
In prop trading, 16% a month is not even that great a return if you're using 1% per position size. Our current best performing traders do about 18-36% a month regularly. Prop trading is an entirely different animal to hedge funds.
It's not unheard of for a prop trader to double their monthly risk allowance. But it's all about HOW a trader does it.
The best of us do it using compounding. By using a recalculated percentage per every new trade, based on settled positions - total value of your available trading capital. This allows you to use compounding in your favour, letting time and probability take over to compound your returns.
Startup capital: $2,000.00 Average monthly return: 16% (average, which means you don't have to be profitable every month !!) Compounded yearly return: 475% 12 month balance: $11,782.00
But without knowledge, practice, experience and methodical skill development, it will take you many years before you get there. In the process, donating a ludicrous amount of money for your self-schooled (lack of) skill-set.
What would you rather do:
Spend the next few years blowing another account?
Or spend $800 with me to learn real techniques that have made loads of cash for thousands of traders across the globe. Saving yourself the pain of blowing yet another account, yet again!
So if you want to experience a true leap in your trading performance, come join my my Market Stalkers family. Let me teach you how to navigate orderflow and profile events objectively, without any bias and conjecture.
And if you decide to go for one of the mentoring bundles, rest assured that while I will give you a virtual slap if you do something really muppety, I will always give a full explanation of why the slap - all of my negative reinforcement techniques are extremely effective. They serve a purpose of stopping you losing more money by doing stupid shit over and over.
When I first started dabbling in day trading, I put $500 into a live trading account and placed a random trade.
Over the next few hours the price climbed and I made $4,000.
“This is easy” I thought to myself.
But over the next few days, I slowly bled the $4k down to nothing.
"This is impossible"was my next thought.
In the coming weeks I tried placing more trades on a whim, without a stop loss or any concept of risk management. I didn’t have a clue what I was doing.
I am one of those highly analytical people who see any sort of a setback as an opportunity for a challenge.
Over the next 6 years I gathered a vast amount of trading knowledge and experience. I learned professional analysis concepts of supply/demand and market profile trading which culminated with me getting good enough as a trader to land my first prop trading job.
This was my passion for the following several years until I made enough money to carry on trading with my own funds independently.
Most people start their day trading journeys just like I did – they place a random trade, eventually get slaughtered. Only then they realise that day trading is much tougher and so much more complex than they ever dreamed of. At which point most people give up, usually because they squandered all their savings in a week or two due to lack of knowledge, planning or experience.
This notion that trading is easy money is frequently perpetuated by shrewd salesmen promising quick riches and super cars, prestige, respect and power without having to spend much time learning how to trade.
Of course this is completely false. 99% of these people have never held down a job as a prop trader, nor do they know how to trade properly themselves. Most of the super cars and lavish mansions they promote in their videos are rented, leased or borrowed.
At the beginning of my journey I was eager to learn about prop trading and real risk management. I looked high and wide for a course geared towards professional traders.
But still to this day, all that was on offer were the same empty promises and the same material: moving averages, RSI, trend lines and a whole bunch of other retail tools.
Fast forward some 11 years later and I now know that these indicators should mainly be used for long term investments – they are way too lagging to be applied to day trading.
Day trading requires a lot of accuracy and relatively small stop losses. (but NOT 4-8 ticks, it's more like 20-40 ticks).
This means that you must be extremely skilled in reading and interpreting price action.
There are two main strategies used by professional traders – supply/demand and market profile. Many of us also use statistical data such as mean averages of daily or session ranges to adjust the positions to the volatility of the markets.
As a part of our professional development program on Market Stalkers E-learning portalI show you step by step the level of skills required to perform this job to a professional standard.
Learning to properly interpret price action within a framework of hard rules is even more important at times of high volatility.
Over the last two weeks, coronavirus has left a complete bloodshed behind. I’m not referring to the victims who died from the virus, but rather those who lost a fortune in the huge two week stock market collapse as a direct result of the systemic risk to the entire world as we know it.
Those who don’t know how to recognise a black swan event and adapt their trading strategy to the new volatile ranges have suffered badly.
My methodology tends to do very well in volatile markets, purely because it relies not only on a horizontal OR vertical interpretation of developing price action, but instead a combination of the two.
As such it is a rather unique style of professional analysis. It gives a complete picture across various timeframes.
I created my style of trading during the recession of 2008. After that, I honed the strategies further throughout austerity measures of multiple European countries needing a bailout. And now we're living through the coronavirus madness.
My own life has been a series of black swan events: having grown up in war-torn Yugoslavia, my mindset is to always be prepared for the unexpected. From Yugoslavia I eventually made my way to London as a wide eyed 20 year old back in 2000.
Pretty soon, I built a new life for myself. Initially as a high profile session musician, performing with artists such as Rod Stewart and Andrew Lloyd Webber to finding my edge in the markets, carving out a career as a commodities futures day trader.
Bottom line is that many people imagine how trading is something everyone can get involved in. I disagree. The personality traits required to make money with money are not dissimilar to a research scientist or a professional chess master. Even athletes or highly skilled musicians have the transferrable skills of methodical approach and self discipline that is needed to create a set of rules and then follow them indefinitely.
Anyone who even attempts to get into trading must have some sort of transferrable high level skill. In my experience, having trained over 2000 people in the last year alone, the ones who do the best in trading are people coming from engineering backgrounds, commercial pilots and former professional athletes.
While it’s not impossible to eventually develop these skills solely through day trading, you’d be looking at an uphill struggle which may take over a decade or even longer to achieve – in absence of master level skills in other disciplines.
The main reason why people fail in day trading is because their cycle of ‘learning’ looks like this:
Try > fail > try > fail > give up
Instead, the process needs to look like this:
Try > fail > improve > try again > fail/succeed > review > try again
Indefinitely. Even after 11 years in this line of work, I still review my trades to see if I could have done something better or more efficiently.
This constant desire for never ending improvement is what keeps some of us consistently profitable and able to survive (and thrive) in any market condition that the uncertainty environment of day trading throws at us.
There is no real secret to it – hard work, analytics, patience and stubbornness.
I guess the real secret is that there is no short cuts to this process. It’s a performance discipline. As such, it requires empirical data as well as droves of practical experience to form a large enough data set. You then extract the probabilities of your method from these data sets.
For most, day trading will be a rather violent and brutal path of self-discovery. For some of us it is highly transformative. No other discipline reveals your own negative personality traits like trading does. In most other jobs there is usually quite a bit of time that passes from the moment you make an error in judgement to the consequence of that error. In trading, this is almost instantaneous.
This is why trading needs to be done by emotionally resilient people who can look at themselves and their past decisions objectively. Therein lies the biggest challenge for a prospective day trader: not the vast intelligence or lack of decent trading capital.
But instead the ability to test your skills in a simulated environment and then to successfully transfer those skills to real money environment. As you make the transition, you need to ensure that you’re emotionally mature and ready to follow the rules and probability of your method, no matter what the individual trade outcome is. Focusing on the big picture and letting the compounding interest take over, while ensuring your trades have a positive expectancy is key to any good system design.
Ultimately, losing one trade or having one or two losing days doesn’t matter. All that matters in any uncertainty environment is:
At the end of 2018, our two companies Market Stalkers & Blahtech decided to try something rather unusual to try and reach a wider community of traders.
We created 'taster' courses from the concepts in our main methodology and uploaded them on Udemy - a course platform with millions of users.
Within two months, the sheer amount of students who started joining us on Udemy but also on the main website was completely overwhelming.
We now have over 2000 students, still growing by the month.
And to think it all started on the trading floor in London 7 years ago, with me blabbering about my way of trading to junior funded traders who were gathering around my desk to listen with the hope of improving their own skills.
I am aware that my way of teaching traders has a unique approach - I offer a highly specialised mentoring portal access with my Silver and Gold bundles as a part of the Professional Development Program. But this is not just for the good of the community - I have my own goals why I'm doing this.
Enjoying seeing someone develop their confidence as a trader is a joyous process. However I set out to offer my Pro Dev program to source out raw trading talent for my own vision for a prop trading company: one where everyone is remote and yet trading institutional size funded accounts provided by my equity partners. This dream has partly come true but I'm nowhere near done yet!
We now have a number of funded traders in Blahtech and we are aiming to grow this number in the coming years.
I will continue to scout for trading talent via the Mentoring Portal for those who wish to pursue this kind of a career path. But I can only do this if people are active on there.
The best way to get full use of Pro Dev Program is to be active in the portal.
By having someone experienced guide you through the learning process in a systematic way, it means that you will get to consistency and profitability much faster than those bumbling around the markets with undirected trial and error. So instead of taking years (or even decades) to understand what and where you need to improve, I only need a few months to drastically improve your trading performance.
So get your weekly trading plans ready - it's time to move forward with your trading.