How I Started Trading Stuff

I started out in stocks. Penny stocks were so easy to trade and didn’t require a ton of capital to make some money. It was so fun and addicting. Investing money in stocks is almost like gambling. It’s got the same feeling. I wouldn’t be surprised if they did brain studies on investors and gamblers and they found a very similar type of brain activity. It is an addiction based on profit and loss. I love it – lol.

But after a while I wanted to up the ante so I started investing in currencies. Foreign exchange markets are really tough cookies to crack, but man can you make a TON of money investing in these markets. You just have to buy a certain type of currency and then sell it once it’s at a higher rate as compared to another type of currency. You do this continuously until you’re able to cash out big! 

I love investing. It’s such a great field to be in. I don’t even know how or why I decided to start investing, but I remember the day I started. I bought a penny stock at $0.43 per share (1000 shares) and sold it for $0.76 per share. That’s a total profit of $300+ in the matter of days. And I didn’t even have to do a ton of work. And if you’re lucky you can even score big if a penny stock starts to move up and up and up to the double digits. It’s amazing, but it’s very rare.

After a few months of doing that I started to trade foreign exchange with similar results. It was a great feeling. I was making lots of money in the investment game. But then I made a stupid mistake. I placed bets on pure emotional attachment to stocks and currencies. I totally failed miserably. The stocks and currencies plummeted and I was left biting my hands. It was gut-wrenching. 

Luckily I didn’t lose ALL of my money. I still had some money left. But this time I decided to go into a more stable market with more long term success and value. I decided to purchase commodities - precious metals to be exact. Precious metals are a great thing to invest your money in. They are beautiful, but also valued very much. They are a store of value, because of the demand they create in the world.

Mistake In Investing Directly In Metals

Don’t make the mistake of doing this emotionally. There are some great stories that end in tragedy and heartbreak (as well as broke-ness) from people who invested their money emotionally. Take all of the emotion out of it. This isn’t a game you want to play when under a hot head or heavy heart. You need to use your mind to invest properly. You have to really understand and analyze things with a special attention to detail. You need to really be on your game.

When I first got into investing, I didn’t know where to begin. I played games and bought and sold stocks based on “gut feeling.” And although sometimes and some people are able to take advantage of that “gut feeling.” It’s not always the best indicator of success in any financial market. You really need to differentiate between a gut feeling based on fact and data and analysis, and a gut feeling based on emotional attachment to a particular type of investment. 

Don’t make the same mistakes I did when I first started out selling bonds, and trading stocks. I was a fool-hearted moron who lost a lot of money. But having said that, my early days as an investment trader were full of life lessons I’ve carried with me throughout my entire amateur career as an investor in financial markets around the globe. I learned a lot of things that I still use today. 

And who’s to say that I wasn’t meant to go through all those losses just so I could get to the point I’m at today with investing my money. I learned a  lot of different things and I was able to pick up some tricks along the way to.