Recent College Graduate
They start trading because they fall in love with the idea of financial freedom.
Like other online businesses, trading appears to offer people not only significant financial rewards, but also the chance to quit their jobs, set their own hours and work from anywhere in the world they want.
Better still, unlike most other businesses, trading doesn’t require you to have a product or go looking for customers.
Unfortunately, though, enthusiastic would-be traders who begin to research the topic are likely to become discouraged very quickly.
So-called “experts” will pull no punches in explaining just how far removed from reality is the dream they’ve been sold.
Forget about setting your own hours, they say; successful traders spend at least as much time in front of their screens as any hapless cubicle slave.
Travel the world? Well, if you must. However, don’t ever get too far from a reliable internet connection and the up-to-the-minute data you need to compete in markets which are, of course, heavily rigged against you.
Make lots of money? Well yes, it’s possible, but remember that 90% of traders fail and that even those who succeed do so only after years of trial and error and persistence in the face of losses.
To be fair, this kind of cautionary advice is usually well-intentioned and is good in so far as it serves to warn off those who might be tempted to see trading as an easy get-rich-quick scheme.
The surprising truth, however, is the dream of financial freedom through stock trading is achievable.
Many traders have done it, and Patrick Mullinary is an excellent real-life example of what is possible.
Although Patrick Mullinary is only thirty-one, he has already been trading full-time for four years. Based out of Pittsburgh, Pennsylvania, Patrick is currently traveling the world with his wife, trading along the way. He’s living proof that the dream of the nomadic trader lifestyle is achievable by anyone who gets the right mentorship and is willing to put in the necessary work.
Although he’s only thirty-one years old, Pittsburgh-based Patrick has already been trading full-time for four years and is currently touring the world with his wife.
He trades from wherever he happens to be and is in no hurry to go back to the humdrum realities of his previous “life.”
“I used to have to work 9 hours a day in my office job,” he recalls. “I could get all my work done in less than 2 hours a day, but was trapped there for the rest of the day to meet the hour requirement.”
“I used to have to work 9 hours a day in my office job. I could get all my work done in less than 2 hours a day but was trapped there for the rest of the day to meet the hour requirement.”
It’s worth noting that Patrick’s main objection to his regular job was not so much the number of hours he was required to work as the completely unchallenging nature of the tasks he was required to do.
Most people would agree that few things in life are more soul-destroying than compulsory confinement, day after day, with not enough challenging tasks to fill the hours.
Trading, by contrast, offers not just geographical, but time flexibility.
You can follow a straightforward strategy and trade for just a couple of hours a day, or you can make it a full-time occupation, passion, or vocation.
The world of trading offers more than enough variety and interest to keep even the hardest driving “Type-A” personalities absorbed for a lifetime.
None of this, though, is to suggest that the life of an independent trader is an easy one. Paradoxically, the very freedom of the way of life places demands on the trader which are unknown to those living a so-called “normal” life.
As multi-millionaire author of Insider Buy SuperStocks, Jesse Stine puts it, “The boundless freedom the trader is faced with requires the utmost in self-discipline, which very few people possess.”
Add to this a capacity for independent thought and action, self-knowledge and the ability to persevere through seemingly endless setbacks, and you might think that making a living in the markets is indeed a tall order.
“If you don’t know anything about trading, I think Jeff’s video library can easily take you from 0 to 100. Once you learn the material, you get amazing alerts from the Supernova team and can easily pay off the subscription fee with only a few winning trades.”
The good news is; with the right education, training and role models, and above all the right attitude, these are qualities that aspiring traders can develop.
Moreover, it was the promise of just this kind of mentorship which drew Patrick to Jeff Williams and Traders Council, then to SuperNova.
The real-time advice and alerts he gets from Jeff and the SuperNova moderators in the trading rooms are essential, but Patrick is clear that everything started for him with the thorough grounding he received in the basics.
“If you don’t know anything about trading, I think Jeff’s video library can easily take you from 0 to 100,” he says, “Once you learn the material, you’ll get amazing alerts from the SuperNova team. You can easily pay your subscription fee with just a few winning trades.”
For Patrick, subscription fees are rightly regarded not just as costs but as investments in his trading business; investments which in his case, continue to generate a handsome return.
Likewise, for the astute trader, the taking of small, manageable losses is to be thought of not so much as financial pain, but as a necessary cost of acquiring essential experience. In other words, as another form of investment.
This combination of technical know-how and hands-on practice is vital to the development of the independent mindset which is indispensable for sustained success; as Patrick neatly sums it up:
“You’ll get out of trading what you put into it. If you just want to follow alerts, you probably won’t be very successful. Use the mentorship and educational material available to you, take paper-cut losses to stay in the game as long as possible. You’ll eventually find your niche, and become consistently profitable.”
“Learning to trade has let me leave that world and make my own money and schedule. I’m also traveling the world now since I can trade from anywhere on my laptop.”
Living the dream as he already is, Patrick’s goal for the future is simple, albeit highly enviable for those still slaving for the corporate dollar.
“I want to keep on making good trades and taking small losses,” he says, “I want to be green every week, so I don’t ever have to go back to a regular job.”
The good news? This is no idle fantasy, Patrick already knows from experience that it’s an eminently achievable way of life.
Do you have a Raging Bull success story to share?
Recent College Graduate