Purchasing Agent & Warehouse Manager
Case in point, there’s Sean Amport, who has found that his ten years of experience as a nurse anesthetist in the US Air Force has trained him to accurately assess risk and make difficult decisions under pressure.
And common sense suggests that it must help put stock trading into proper perspective. After all, no one’s going to die because you miss a profitable entry or stay too long in a position and see the market turn against you.
But in truth, there’s no template for a successful trader, no set course of study, “must-have” qualifications, or ideal professional background.
While a natural affinity with business and economics may be useful, it’s certainly not necessary. In fact, highly-profitable traders have emerged from every imaginable professional background and life experience.
What is definitely required, however, is cultivating the attitude that there’s no reward without a certain amount of risk, that anything is possible with hard work, a willingness to learn, and a clear understanding that responsibility for your financial outcomes lies firmly in your own hands.
On leaving the US Air Force after ten years’ service, healthcare professional Sean Amport of Gloucester, Virginia, turned to trading as a way of providing the best possible lifestyle for his family. He firmly believes that his experience as a nurse anesthetist has given him a head start in dealing with risk, but he also knows that he has a great deal to learn about the technicalities of trading. However, with the help of WMM and his dedication to learning, Sean has already scored several confidence-boosting wins and looks forward to achieving his goal of financial freedom.
It’s this winning attitude that Sean Amport has in abundance. He recalls that as rewarding as it was in many ways, life in the military meant frequent moves and a rigid pay structure, which made it tough to get started with a program of investing or trading.
Now though, he explains: “I’m no longer active duty and have the ability to make much more as a civilian anesthesia provider, I simply had to give it a shot. Weekly Money Multiplier seemed like the best opportunity to help me learn to trade and reach the financial goals I have for myself and my family.”
“I had to defer investing while in the military. We moved often and were growing our family at the time. Now that I’m no longer active duty and have the ability to make much more as a civilian anesthesia provider, I simply had to give it a shot.”
Truth be told, Sean’s experience may have given him an attitude toward risk that is somewhat more relaxed than most trading teachers would recommend, as his very first live options trade on Zoetis Inc., demonstrates very well.
“I saw the alert for ZTS after taking my wife for a birthday breakfast,” he recalls, “I decided then to get involved with actual money instead of paper trading. My job as an Air Force anesthetist has conditioned me to handle risk, so I took a risky position of 5 contracts on a small $2,000 account. I made $1,200 on that trade, which is about 85% and increased my small account by nearly 50% in one day.”
Several important points arise when we look at Sean’s recent ZTS trade.
Firstly, on Sean’s own admission, he took a position size on this trade, which was larger as a proportion of his trading account than is ordinarily advisable.
It should be noted, though, the absolute sum of money involved was relatively small. And as a well-paid healthcare professional, Sean is in a position to replenish his account should it be necessary. There are few absolutes in trading, and the reasonableness or otherwise of a risk must always be considered in the light of the trader’s overall financial condition.
“I chose Weekly Money Multiplier largely because with Nathan Bear’s strategy, you are purchasing options. This is exactly what I need to get the experience, grow my account, and put Jason’s strategy into action later.”
Secondly, although this was Sean’s first live trade, he was certainly no stranger to the trading screen. Unlike so many beginners, he had the patience to spend time paper trading to familiarize himself with the strategies and charts he’d be using for his live trades. And at the same time, he learned to execute his entries and exits quickly and accurately while under pressure.
Paper trading is one of the best ways for newcomers to learn to handle the anxiety and emotional swings that inevitably accompany the wins and losses of trading.
So, when Sean felt ready, he was able to place his first live trade with high confidence. And although it went very well for him on this occasion, there’s no reason to doubt that he’ll be able to handle future losses with the necessary composure.
Finally, it’s very notable that Sean achieved his excellent win with an options trade. Now, there are no doubt many conservative-minded traders who’ll throw up their hands in horror at the idea of a newbie trading options at all, let alone taking large positions.
Such recklessness, they would say, will surely soon be punished by the rapid blowing up of a trading account. And although, indeed, options are largely viewed as high-risk, when traded with the right strategy, they can be an ideal instrument for beginners.
The first great thing about options is they can be bought for far less than the price of the underlying stock. That means that even for those with small trading accounts ($2,000, in Sean’s case), there are always plenty of opportunities to get into the market.
The other main advantage of options for the small account trader is the volatility they offer. Sean, as we have seen, was able to make a quick 85% on his ZTS trade. This, and even higher percentage returns, sometimes more than 100%, are not unusual.
Focusing on options trades like Sean’s, make it possible to grow a small account very quickly, while risking relatively small cash sums – making it a hugely-attractive strategy.
Of course, with this kind of volatility, options trades can also produce significant losses. And therefore, it’s essential to work with the guidance of an experienced mentor, at least when you’re just starting.
“My price was close to Nathan’s at $2.83 average fill. Long story, I held overnight into Friday and placed a stop once ZTS hit $130. I made $1,200 on that trade, which is about 85% and increased my small account by nearly 50% in one day!”
With this in mind, the story of how Sean discovered options trading is an interesting one.
When he first became interested in trading, Sean worked with Jason Bond and took an exemplary approach to learning: “I purchased some books on options, he recalls, “and opened a brokerage account with TD Ameritrade. After that, I started paper trading right away to understand how the strategy worked.”
Unfortunately, or perhaps, fortunately, Sean found himself stymied by the broker’s rules designed to protect new traders. He would not be allowed to place the kind of spread trades featured in Jason’s strategy until he had gained more experience. Undeterred, Sean signed up for AmeriTrade’s own training courses, upon the successful completion of which, his trading permissions will be reviewed.
In the meantime, however, he’s busily trading options with Nathan Bear and Weekly Money Multiplier, reflecting that: “This is exactly what I need to get the experience, grow my account and put Jason’s strategy into action later.”
Sean’s refusal to be discouraged by temporary setbacks is a key characteristic of all successful traders and bodes well for his future financial success, but far more important to him is the quality family time he will enjoy.
“My family is everything to me,” he explains, “and if I never make it big or lose every dollar, I am still more wealthy than I could even imagine. Nobody ever goes to their grave wishing they had more dollars. We all want more time. When I become successful at trading stocks and options, I plan to use the money to leverage more time with my family.”
It’s undoubtedly telling that Sean says “WHEN” rather than “IF” he becomes successful. Perhaps there’s something of his military mindset in that kind of self-confidence? Either way, with Nathan’s mentorship, Sean’s systematic approach, and his determined attention to detail, few would bet against his success in the long run.
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Purchasing Agent & Warehouse Manager