From Techie to Trader
Lincoln Alerts Day trade account crosses 50% gains since January 1st 2013. Take a 14 day free trial
This is a nice interview with one of my recent Champ Camp grads Dhonn who has made over +2k in his first month since graduating from Champ Camp.Not only do I enjoy a sense of fulfillment by teaching my strategy to others but it’s nice to have all around good people like Dhonn as members of TheLincolnList cause he helped me rebuild my website after I jacked it all up this week.
Meet Dhonn
L.L-Dhonn congrats on a great month. I know it’s not a million bucks but it is a first step. Tell us how Long have you been trading
Dhonn-I started trading in October 2008 when the market took a dive. I was trading on and off for months/years at a time, mainly swing trading since I had to deal with the PDT rule and a full-time job.From October 2011 through Feb 2012 I gave full-time day trading a shot, but I wasn’t ready and I was losing capital, went back to work and quit trading completely.Then I lost my new job in November 2013, joined Champ Camp and have been full-time day trading since.
L.L-What were you doing before embarking on a career as a full time trader
Dhonn-I was a full-time software developer.
L.L- So you go from getting your walking papers to making paper, as in dollars
Dhonn- Yes you could say that
L.L- Dhonn, I promise The LincolnList will not boot you out the door but how did you find TheLincolnList
Dhonn-I found TheLincolnList on profitly. The thing that caught my eye was Doug’s consistency and routine profits. To me consistency meant lower risk and stability and a longer career. So I joined TheLincolnList chat room November 2012.
L.L-What was the most important thing you learned from TheLincolnList and Champ Camp
Dhonn-Entries and exits. This allowed me to judge risk and reward with proper share sizes and know where or when to get out of a trade.
L.L-What methods are you using to obtain your success
Dhonn-Parabolic shorts and short stocks got no reason. 67% of my trades are shorts.
L.L-What advice would you give to a new trader
Dhonn-Invest in your trading education. Learning by trial and error can cause you to lose a lot of money and time. Champ Camp is by far the best live training I have seen and Doug is the best teacher who has tons of professional experience. Also I learned trading with a smaller share sizes will keep you in the game and give you a better understanding of your trading software. Smaller share size sometimes you can let the losses get out of control because the losses look smaller. Practice not to allow that to happen and make sure you take bigger gains than losses.
L.L-Again, congrats Dhonn and we’ll be sure to keep everyone posted on you evolution from software developer to pro trader
Dhonn-Thank you