My Journey into Day Trading
Getting Started
Have you ever come across a plethora of ads and videos about day trading on YouTube? Initially, skepticism was my first reaction, given its scam-like appearance. My investment strategy diverged significantly, leaning towards value investing. This approach entailed identifying stocks that appeared undervalued, purchasing them perhaps once or twice annually, and later selling them at a profit, usually within a span of one to three years. Complex charts didn’t play a role in my strategy; my focus was squarely on assessing the actual worth of companies.
Trying Something New
About three years ago, a friend told me about day trading. I tried a course on something called Renko charts, but it was confusing. I got a chance to trade with some money from a company called MyforexFunds, but it felt more like gambling, and I ended up losing everything without making any money. Later, I tried another course about smart money trading, but that didn’t go well either. I kept losing money on my trades, so I decided to stop day trading for two years.
Giving It Another Shot
Recently, I watched some interviews on “Words of Rizzdom” and “Trading NUt” that talked about ICT and Smart Money Concepts. It made me interested in day trading again. This time, I want to find my own special way of doing it, just like I did with value investing. I’m looking for a good and profitable strategy.
Sharing My Story
I wanted to share what I’ve learned from my experiences. Remember, I’m not a professional financial advisor. I’m just sharing my journey into the world of Forex day trading. My challenge is to become a profitable day trader.
Zsolt Jirka