Thank you in advance for anyone that takes the time to read this it is greatly appreciated.
My name is Mitch & I would like some advice from the regulars/hearts on this thread I have been trading and following HC for a few months now since my contract ended at work. I have been a telecommunication tech for many years and was working for AAPT then they were bought out by TPG and I was told at first there wouldn't be any major changes. Then a few weeks later I was told I have two weeks left that my contract wasn't to be renewed so decided to bury my head into the stock market with the hopes of day trading whilst looking for work.
I have invested before but have never traded so I spent a few hours a night educating myself the best I could to hit the ground running and in my first few weeks I did quite well managed to make more than my weekly wage which felt amazing and I was full of confidence (got ahead of myself). From there I made the mistake as many did of sinking a large sum into PDY the day of the announcement to be honest it was more that I could really afford and have learned my actions were gambling more so than trading.
Obviously that really hurt and when the TH was called I was forced to sell pretty much all of my portfolio which at the time consisted was 13k split equally into ALT,DRM,ADO,CXO,DLS,DDT. I had researched extensively before investing and was happy to hold to watch these copanies grow but was forced to sell cover the T+3. Then the TH turned to suspension and I then experienced some anxiety and stress that I had never felt before. Reading the PDY thread on here really didn't help and I was on a roller coaster of emotions fueled by speculation from both sides predicting the pending outcome so I had to stay off it which was hard but I believe was best for my mental health at the time.
So then news came and honestly even though it was the worst possible outcome I felt the stress lift as at least now I had a definitive answer after weeks of waiting and unfortunately it has left me with some financial problems but I still hold and the losses on paper look horrible. I didn't trade for a few weeks still watched the markets all day but didn't do any trading at all.
I spent the time studying more and decided to get back on the horse last week and had an alright week just a tiny bit shy of the old weekly wage I received at work which helps big time at the moment as I am struggling to find work at the moment even though I have good qualifications and experience. So I have been thinking long and hard about what do I do next.... I have made some money trading but really that doesn't compare to my big loss with PDY. So with the time away from work I have had the time to have a good think worked out a few things.
a) I am ready for a career change I am 29 turning 30 soon and have done communications work for 10 years but it's time for something else I don't want to do that for the next 30 years b) I really love trading and every that comes with it and I want to work my ass off to get good at it and am ready to put the time in I'm currently putting in 10-12 hours per day c) That I'm going to need a proper eduction be it uni or otherwise d) That I need to find a good mentor or someone to give me some advice to get started
So I wanted to ask you guys that are doing this fulltime:
Do you think I should become a day trader? Is it a fulfilling job that you enjoy? Do I need to go to University to become a successful day trader? IF yes what courses should I look at doing? How did you become successful at it? How do I go about meeting someone who can help me with advice? Should I be picking up the phone and talking to brokers?
I could see myself down the track becoming a broker and helping teach people mostly friends and family about investing but first I have got a long way to go. Would anyone be interested in pointing me in the right direction I am in Brisbane and would make the absolute most of any opportunities available. My email is [email protected] mobile 0435030592.
Hope this hasn't broken any of HCs posting rules if so I sincerely apologize I love this site. Have learned so much on here already. You regular posters on this thread are incredible and it speaks volumes that you guys get on here and share your knowledge for everyone to see without asking anything in return. I want to get educated and come back here knowledgeable and do the same as you guys do day in day out.
Thanks for taking the time to read this if you got all the way down here really appreciate it.
