This story requires our BI Prime membership. To read the full article,Josh Evans was day-trading stocks once a week before his cancer diagnosis motivated him to pursue his passion full-time.
During this time, Evans was trading about one day a week — and had managed to land a 380,000 Australian dollar windfall from a well-timed lithium trade. For a neophyte trader, this amount of capital was mind-blowing — but he had no idea his life was about to change.He continued: "As grim as this sounds, we don't know if we're going to be here next week. I guess it gave me a little fast forward ... I thought: 'Yeah, why not? The time is now; lets do it.
When Evans says "with size," it means he's trading a considerable amount of shares to take advantage of these tiny moves in price. "I didn't need that extra 30 grand in the trading account," he said. "$20,000 on a leveraged account— I think that was definitely more than enough for when I started."At one point in the early going, Evans took a sizable drawdown as he became overconfident and undisciplined. He knew he needed to make a change.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ford's earnings were even worse than expected, and its stock is plummeting - Business InsiderFord's soft results and dismal outlook for the future come amid a tear for Tesla, which has seen its stock nearly double in a matter of weeks. Lower the price of ur vehicles Pull up your socks boys.! The game in the automobile industry is changing at an alarming speed.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Jeff Bezos dumped $1.8 billion in Amazon stock after its share price skyrocketed - Business InsiderAmazon shares saw a huge spike last week after the company's triumphant 2019 earnings report, increasing Bezos' personal wealth by $13.5 billion. Needed some walking around money I guess. He is a divorced man who need cash . That's how you turn shares into cash...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Robinhood trader made 1,300% return from Tesla stock rally - Business InsiderThe amateur investor claims he turned $5,000 into more than $130,000 in less than a month, thanks to soaring shares of Tesla. ama_kusi Theron_Mohamed Elsie78707596 Theron_Mohamed SEC_Enforcement How much have you looked into the /r/wallstreetbets community and culture? There's an active effort there to collude and manipulate share prices. The community has grown to almost a million subscribers.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Fiat Chrysler's Q4 earnings meet Wall Street expectations, stock moves up 3% pre-market - Business InsiderFCA said its operating profit matched expectations, boosted by strong North American business and better results in Latin America.
Source: BusinessInsider - 🏆 729. / 51 Read more »