Two years ago, I left politics for penny stocks.
Short selling the gutter of the stock market.
I’ve decided to document my daytrading journey.
Starting next week, I’ll be livestreaming the entire process on iTrade.TV.
There are several reasons why I decided to found iTrade.TV.
I’m lucky enough to have the opportunity to trade for a living.
Obsessed with the idea of storytelling within the craft.
If you’ve ever searched Google for information about daytrading, you probably encountered two types of people.
1️⃣ The salesman. Trying to get you into their funnel.
Pump up a stock.
Or sell a stock picking service.
2️⃣ The inverse salesman. Selling people on the illusion that they can’t attain their dreams.
Or rise up from their misery.
Money problems, school, or a 9-5.
Here’s the truth.
Trading tests your ultimate mental limits.
Challenges your confidence at every turn.
Never fails to make you feel like absolute shit. 💩
90% of those who attempt to trade end up failing.
Why does one choose to persevere against these odds?
I’ve had the fortune to get a taste of what early success can feel like.
Networked with that elite 10% of traders who are consistently profitable in their trading systems.
What are they doing differently?
These traders are not that much different from the 90% who are struggling.
They’ve mastered their psyche.
Refined a system of rules which they are able to strictly adhere to.
Made the sacrifices necessary to succeed in this business.
Sacrifices that the vast majority who are in it for the ‘quick riches’ are too lazy to make.
Dedicating hours upon hours towards meticulous stock research.
Personal trade refinement.
Studying historical price action patterns.
Poring over SEC filings.
Then, there’s the willingness to take the risk of investing in trading tools.
Most make up excuses for not utilizing them.
They don’t view things like locate fees for borrowing shares to short as a cost of doing business.
In my mind, taking these risks boils down to having the conviction to invest in oneself.
Recognizing that the cost of doing business is lower than the potential cost of missed opportunities.
If that conviction is missing, then it may be best to take a break or reconsider trading.
By learning from the 10%, I believe that it is possible to up the odds of success in trading.
That’s what inspired me to start iTrade.TV.
I’m the first trader to document his entire journey live on Facebook.
I want to drown out all the noise from the salesmen, the conmen and the naysayers.
And elevate the practitioners.
My mission is to empower and inspire thousands of traders.
Help and inspire other traders by documenting and storytelling their own journeys.
Daytrading is the embodiment of entrepreneurship in its rawest form.
This is my personal trading journal.
I’m using it as an unfiltered stream into the life of a daytrader.
The good, the bad and the downright ugly.
There’s no lack of headline readers and bleacher bums who make their opinions known in our conversations about trading and investing.
I came to trading from the political digital marketing world.
If I can implement what I’ve learned from online advocacy to elevate the practitioners, I’ll consider that a major success.
We live in a remarkable time.
The traditional 9-5 job route and higher education are some of the most vulnerable fields for disruption.
Actual education has become a new form of procrastination.
Much of it fueled by millennials who are unlocking their potential through autodidacticism.
Then applying it to their business endeavors.
For all of the flack our generation has gotten, millennials are actually workaholics.
Though not necessarily on their employer’s terms.
Many are starting to turn their side hustle into their main hustle.
Have you been on LinkedIn, lately?
Just go take a second look.
It’s become transformed from a community of people bitching about their work.
Job recruiter spam galore.
Into a community of people who are unstuck.
People are sharing their stories of leaving corporate jobs to become entrepreneurs.
Inspiring others to do the same.
Most importantly, they’re providing exponential value at scale.
As someone who’s been unstuck for almost two years, I’d love to be responsible for at least one person who’ll be watching me to take that leap of faith.
On that same note, I bear the overwhelming responsibility to be entirely honest and transparent.
This is not a process for the faint of heart.
In trading, failures along the way are a given.
A wise trader once told me that a trader’s job is to learn that a hot stove will burn your hand.
Then, come back the next day ready for it to burn you, again.
But trading teaches you humility.
And humility is the most valuable lesson that can never be taught in a traditional classroom.
Now, you’re probably wondering… what’s in this for me?
After all, it’s a very time intensive project and definitely has its share of expenses.
Let’s make one thing clear from the start.
If I earn the privilege of your attention, I have zero interest in monetizing you, my audience.
I’m grateful beyond words for the successful traders who have taken me under their wing.
Traders who’ve mentored me along the way.
Traders who I’m unlikely to ever surpass in skill.
I don’t have the audacity to monetize my audience, when so many have helped me.
And with no expectation of anything in return.
The Rabbi Baal Shem Tov said, “A soul may descend to earth and live seventy or eighty years for the sole purpose of doing a favor for another — a spiritual favor, or even a material favor.”
It’s a bit ironic that in an industry as seemingly hedonistic as trading, these words ring true.
I don’t have the audacity to monetize my audience.
I do have the audacity to believe that I can use the platform and the attention to challenge prevailing paradigms in financial media and education.
I want iTrade.TV to empower and inspire traders to help and inspire other traders.
By documenting and storytelling their own journeys.
I have the audacity to say to the person who unironically tweets that successful traders don’t tweet.
I will prove you wrong!
On a more selfish note, I have no doubt that this will improve my own trading.
My audience will hold me accountable.
There will be evenings where I may have previously slacked off on making a watch list.
You’re going to hold me accountable.
I’ll be making that watch list!
You will keep me accountable to my personal trading rules.
Give me something to do to prevent me from overtrading.
This is a project in open source entrepreneurship.
Can I receive ungodly amounts of accountability from my audience?
And in exchange, you’ll receive ungodly amounts of value from myself.
I look forward to finding out in the months and years to come!