All right. So in this episode, I'm going to be chatting with three traders who started day trading in 2020 and they are still alive today to tell you the tale. And not only are they alive, they are thriving. These are traders who have made I kid you not over a million dollars trading.

No, their results are not typical as always. trade cautiously, take it slow, but let's hear from these guys about uh, what they did right in 2020, what got them into the market, and how they've been able to adapt to the current market which is obviously not the same as what it was. um in 2020. So um, let's hear it.

Uh, go ahead you tell me yeah I mean I can start um I've been like on and off I'd say since 2013 in a way because I met a friend who introduced me to day trading a little bit in college and it really enticed me. So I would start looking at different stuff and just studying up and I would just do that on like Summers and I didn't have any money so I would just let it go. So I did that multiple summers in a row and just kind of came back to it. looked at stuff but never really did anything, never really experienced trading to the fullest.

and then when I graduated college I had to work a job you know, like everybody else and um, and then Covid came around and we were working from home and out and I thought to myself, you know what, I'm going to give this another shot and so I went and I traded how I remembered from the stuff I learned way back and I think I had it was like four thousand dollars in the account at that time and I made like fifteen hundred dollars off a penny stock and that's awesome. It was great, right? and then 10 minutes later I lost that I was so sick because that was a lot of money and um, and that's actually when I came across your ads on um on YouTube and everything and I think you're running a five dollar five day trial so I was like, you know what I'll give this a shot. this guy's been posting, you know 10K days I'll see what this is all about So I joined it and I was like okay, this looks legit and um and I paid for the whole year then and I was committed I called my boss I said hey, can I push my hours back for work from ten to six to eleven to seven because I knew that I had to trade the market open from like 9, 30 to 11. That's just where most the volatility is hello So I wanted to make sure if I invested that money I was committed.

so I started there and that's when the first two weeks I think I lost five thousand dollars. So I started with thirty thousand dollars. half of that was borrowed. So fourteen thousand was my own money.

Where did the rest come from? Huh? where'd the rest come from my parents and my now wife oh my God All right. um luckily I was disciplined enough not to take crazy risk at that point. I was only using you know, a few thousand shares I was only using my own money and it was only probably five thousand eight thousand bucks. But the first couple weeks I'm losing money.

so I invested money in this course that was like four grand I bought a laptop this Mac that I'm still using which was another like twenty six hundred dollars I lost five thousand dollars. So now my account's right over PDT and I'm thinking to myself man, I really didn't have that money to lose, right I'm trying to get on my feet here I'm saving for a house that I'm looking to buy um so that I could save money there because I was paying rent and I had a lot of student loans and I was gonna just rent that out to other people so that that really hurt and I was thinking to myself, you know it's okay uh well first I was thinking man, is this guy taking all my money for all you know legit I was I was thinking that I was like is this guy really just you know taking my money here and I was like no, no, he's you know that's where the self-doubt starts to come in and I overcame that and I was by by thinking in the long term and this is where just the patient mindset came in for me. it was like, you know what at first I was looking to get rich quick because I see these guys making all this money now I'm like if I can just make 200 a day, that evens out to about 50 000 extra a year on top of my current income because I was still working. So that completely flipped my mindset into a profit-taking mindset and this is why I emphasize this so much and this is.

This was my kind of aha moment after the next couple weeks. So first actually it was I had to take a month off because my work was slipping because I was too focused on trading every morning. Then I got hit with Covid and I was actually in the hospital and I was out of commission for like 20 plus days in total. Wow, so all of that happened.

but I was so excited to come back to trading that as soon as I got out of the hospital, the first thing I did was open it up and trade that morning and then the next couple weeks I just started to take profit right away. I was shutting my screens down before Ross and everybody knows he shuts his screens down early and I was just like you know what? I'm green, there's 500 bucks I'm out. I'm good. and then that just kind of propelled me into um where I am now and because I learned that profit taking skill you know I had the benefit of the doubt because the market was hot.

it was 20 20. a lot of things went my way. but I learned that skill so early on that now when I go through a drawdown period or now that the Market's slow, I'm taking my profit quicker than everybody else. and because of that, I'm able to stay in the game and I'm still here today where other people who might have gotten lucky buying holding hitting 500 a thousand percent Runners because that's what we had now, they blew up their accounts and because they never learned that one crucial skill and that's just kind of my story on it.

Sorry to no, that's awesome. but yeah, yeah, that's really awesome. Yeah what? I could go next Yeah, so uh, my story started uh in March 2020? that's when uh so I was working out of my corporate job as a pharmacist at GSK and I'm like, okay I have a little bit of more time and some Capital to work with I don't have to pay student loans thanks to Kovid. uh and I'm like, you know what? let me look into some something something entrepreneurialistic that where I can make add a little bit more I know I did not want to work for a boss I always want to do something for myself So I started looking into things like marketing agencies like FBA um and I came across I'm like you know what I do have some Capital Let me let me let me learn more things about investing into the stock market.

that way my money is just not sitting at earning the point one percent from the bank. So I started reading some books and all of a sudden I come across some things like some courses about trading and my perception of I was what 28 years old at the time for 28 years everything that I heard about trading was trading is gambling so I never even looked into it I was actually just put it like it was off-putting and I was even putting others other people down if I heard like oh I was trading or like I bought these stocks I'm like no trading is gambling and I was so righteous when I had talked about that it's funny and then I turned around became a Trader but in March 2020 I I had no idea how to trade I don't even know how to like put an order I didn't know what a limit order was I don't know what a market order was uh but I came across all these videos, all these all this content like free content on YouTube and uh I came across Ross's content and you know at first uh I never thought like I never like thought oh there's like these all these fake gurus out there I was in love as soon as I saw this one video about Ross making three thousand dollars in like a few seconds and I'm like oh wow how is this possible? let me let me look into this more and then from there on I was just consuming all the content. I'm like you know what? let me I don't have the money or I don't I mean even though I did have the money, I'm like I don't want to put in money in something that is not paying me returns right now. but I'm like you know what? let me start trading.

let me join some like uh, chat rooms or like Discord rooms or whatever. like some anything everything free that I um that I had I could get my hands on. First thing I decided to do was get a simulator from Warrior actually and I got the simulator. uh, before that I I was trying it out on the TD Simulator the paper trading but that wasn't really panning out.

it wasn't really worth working out the same way. So I subscribe to the Uh to the simulator only for more year and that's when I really started to like, you know, just try it out for three months I tried it out and in July to no avail. I had no sort of success when I was trading on the simulator. Nothing like week after week I would just like one time I even blew up my account on uh, you won I Remember so precisely because I was devastated even though it was in a simulator.

Profits didn't matter but all the losses I took them very seriously. But in 20 in 2020 July July 14th I Remember that day I'm like, you know what? I've tried so hard I've I've you know I've done so much work Uh, basically I study every single day, non-stop for hours. Uh, let me at least take one trade at that point I didn't have a lot of money saved up at that point I was putting in overtime. uh, you know, as a pharmacist I was going to CVS I was picking up shifts in the evening and I had the 20.

I my goal was 28 000 I met that goal but I was nowhere near ready on the simulator. but I'm like, you know what? Let me at least take one trade and let me just open up my account on TD and I'll just put one trade see what happens and I take that one trade on July 14th I make 50 bucks and I'm like, you know what? That's good enough. Close it down next day I Come in one trade and then we'll go back to the simulator, right? Take one trade 100 I close it down next day I Come in I take a trade I take another trade. five hundred dollars.

Whoa. All right and I wasn't even taking size I was taking 250 shares. Wow, nothing. nothing big.

it's just two of five hundred dollars. Close it down. next day, thousand dollars and I'm like okay, is this am I doing it Maybe I'm just getting lucky, right? it was in disbelief I'm like okay next day I give back a thousand but you know that's how it started and all of a sudden um I think Ross mentions this a lot like on uh, the training wheels were off kind of. you know in a way I just stopped using the simulator and I was just staying very safe I was hyper aware and I was just staying very safe on this uh on my on my small on my TD account and I was taking trades and I just kept going through further.

Next year and all of a sudden I'm sitting here as a profitable Trader I would say the reason why I'm still here is because when I started trading I didn't I didn't start nowhere in my head I had the intention to become rich quick soon I I didn't I didn't want to become rich quick I tried to do things right the right way I started reading the books I took the course I went I you know I was watching courses every day every time I had a right day I would literally start the small cap trading class again and I would watch a whole thing again. Uh, but that I try to do everything right and you know in 2021 there were some episodes where I thought okay, the market is too hot right now uh and that's why I Like you know what if the market what? what am I going to do when the market changes is this is going to end? Is my luck going to end? Uh and 2021 I was able to survive that and then 2022 came and you know I can. Looking back I Can say that if you do things right I think you won't make it. You just have to make sure that you know your intentions are true to it.

That's awesome. That's awesome. I Mean you've kept it going through the Bear Market and you know what Manoli was saying about some traders who did really well in 2020 2021. Some of it was a little bit of beginner's luck.

you know they bought something, they held it and a couple days later it's up a bunch. And when it comes to actually being consistent through a Bear Market you need more luck and you don't have the trend at your back. so you need to be very disciplined about the type of stocks you trade, where you get in, where you get out. you need a strategy.

That's what's going to carry you through. All right Max What about you? What's your story? Yeah, so my story started in February of 2020 actually in the simulator and unlike among in that time, I got a lot of value out of simulator I found that I was able to learn my strategies, the ins and outs of it. I was able to follow you, not actually follow you, but understand what you were doing. understand how you were trading by live and buy your live streams and stuff.

Um, and the reason that I didn't kind of go to a live account in that time is just because I had my money tied up in an IRA that my parents had the account value or the account information to and they didn't let me have it. like probably similar to a lot of other people. Yeah, but um, when I did start though, it was the first month, I took a 5600 loss and that at the time put my account down to about 25 000 and 50. so I had about 50 left before I either had to call it quits or add more to it.

Um, but I knew that through that time though, through that about 10 month period from February to November I knew that you know that wasn't wasted time because I was able to look back and see the profits that I was able to make from it and just move forward though. But in that time though, in the simulator I really did get a lot of value out of it. Um, and I'm glad I spent it in there. and I would recommend for anyone who's at least picking up a new strategy to at least spend some time in there, just that you're not putting any real money on the line because trading is very difficult and learning a new strategy learning anything new is going to take a lot of time to understand it.

Um, and that's just my advice I know other people have success just going right into it. but yeah, I find that a simulator has been probably my Saving Grace for it. That's awesome. So when it comes to the way you've been trading, um, how has it changed for you from the Super Super Hot trading of 2020 2021? how long did you trade the simulator for? Um, about 10 months? Okay, 10 months? Wow.

Okay, and then how long? So then you you flip the switch, you start trading real money. end of 2020, you're in real money through 2021 and then the market starts to cool off in 2022.. So how have you adapted and changed in a colder Market to stay alive? Yeah! So something that we've all kind of noticed is that there's not much continuation so far this year. So My trades have been a lot quicker.

my average winners have been a lot smaller, and my whole time it's been a lot smaller as well I Think that understanding that there hasn't been continuation and learning the trends, learning what has or has not been working is crucial to do that for this year, especially because it's been a bear. Market Um, you know I'm taking a lot more I guess safer trades as well though, too. kind of support trades rather than breakout trades. Um, and while some of those are great, for sure, short squeezes most of the time I Found that at least in the recent market we've been seeing a lot of false breakouts and knives immediately after that.

so it's kind of important to be taking safer trades at least in this time and adjusting your strategy to kind of something that will work in almost any Market as well though too. And it's not going to work in every Market but this one in particular has been working for that. It's kind of like Back to Basics with just like getting in and getting your fifty dollars a day. what is your 10 cents? Yeah, so yeah, you know anytime it starts to get a little choppy, it's like Back to Basics get my basic get out, get my base hit, get out.

I Think it can be very humbling to go from having you know a million dollars in profit to scraping for 400 or 500 a day? Yeah, but I think it's It's the way to keep your head above water while you get through a slow Market while you develop other strategies and you know getting through it and survival means more experience and more likelihood that you'll continue to thrive in the future. And the added factor of that too is that you'll gain your confidence back by taking those higher percentage plays. Then in turn, once the hot Market comes back, you'll be ready and prepped for it. Yeah, and you haven't Hopefully suffered a massive draw down because you you know and that's the challenge of being able to Pivot quickly.

When things start cooling off, how quick can you ease off the throttle? Sometimes it's just a dip in the context of a bull market, other times it's the beginning of you know things really rolling over hard. It's hard to know in that moment, which it is. um, but you know this is. These are three stories of three traders who came into the market during 2020 during the Covid sort of lockdown boom and are still here, still trading.

And I'm really proud of you guys. I Hope this is inspirational to people tuning in. Leave some comments below. these Traders are trading over Warrior Trading Manoli mentioned a five day five dollar trial.

We don't offer that anymore. Now it's 14 days, all right. So 14 day trial? There'll be a link down below. You guys can check that out and um, tune in for the next episode.

I Hope you really enjoyed that video and make sure you hit the Thumbs Up And subscribe to the channel if you haven't already. Our goal is to hit 1 million subscribers this year, but we won't get there without your help. So please, please please hit that subscribe button.