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.
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