This month’s nomination really highlights the challenge most people face – Procrastination and Motivation. However, instead of quitting David has continued to push forward, helped by attending one of our live Trader Bootcamps. This is a great example of how persistence pays off. Great work David Lam on being our Trader of The Month September 2017.
David has been busy following the process, and not getting caught up in the frustrations that trading can sometimes create, particularly when orders aren’t filled and you have done the work but not been paid. In my book, this is one of the most important attributes to success in life, PERSISTENCE!
Great Trade here, following one of our Recommendations on Medibank Private, which, with dividends provided David with a Gross 10.43% return in just a few weeks. Compared to 4 years interest at the Bank, that has to be attractive!
From: D Lam [mailto:dlamXXX@yahoo.com.au]
Sent: Thursday, 7 September 2017 11:10 AM
To: Australian Investment Education
Cc: Andrew Baxter
Subject: Trading progress update
Hi Andrew and support team,
Just want to let you know how I am going with my trading progress.
It has been a somewhat slow progress for me I must admit. Its just a slow journey and a busy life like everyone else. I think procrastination and motivation are the hardest thing to overcome. But I never took my eye off the ball of what I wanted to achieve with my goals. It was persistence that kept me continuing on my path of learning and taking the action of following all the steps in the course and finally placed my trade in the market.
Yes, I have stepped into the water and placed my trades under your trade recommendation. Initially, I placed a Buy/Write trade of Origin Energy (ORG), but the order was not executed and expired at end of day. Because the share price got above my bid price. Nevertheless, I had learned how to placed the Buy/Write option order via the TWS platform on my laptop.
My next trade is a success, as I bought Medibank Private (MPL) of 1000 shares @$2.78, and close out on $3.00, giving a 7.91% gain. In addition I also gained the dividend with 2.43%, giving a total gross profit of 10.43%. Best of all, is that I learned to use the Halifax TWS. The Account Management of Quick Trade, putting orders through while at work, and putting Stop Loss at 5% and adjusting accordingly when the shares went up. To safeguard any sudden downfalls of loss in profit.
So, I am very grateful of having learned the course. And watching the videos of how to place the trades where extremely helpful. I like the improvement of what the team has done to the member site and the front pages.
Yes, my next step is to put more funds into the account, and look for 2 positions of selling option calls as my next goal.
Thanks Andrew and the team for your continuing support.
Big or small, first or thousandth trade, it doesn’t matter – what matters is that you are doing it and we truly respect that.
Big Congratulations to David, who has secured his place in our Trader of the Year Competition, which will be drawn live, at this year’s Trading and Investing Summit. What about you??
Don’t hold back – nominate your entry for September as you close out of your trades, by emailing your results and back story through to the team through email@example.com