One of the first questions I asked myself when considering a career change was ‘Could trading get me out of the Corporate Rat Race?’
I studied Structural Engineering and worked as a Consulting Engineer for most of my corporate journey, working long hours with strict project deadlines. As a consultant I was selling my time for money. Time spent equalled money earned.
The unfortunate thing is that there is only one of me, and I only have so many hours in a day. There was no way to leverage my income or time spent working to exponentially increase my income.
Now most of you have probably heard that the richest people in the world leverage their income through property or stocks. Being young and eager to make money and leverage that money to make more, I started looking into trading.
I am not going to lie, starting from scratch not having a clue what I was doing was extremely exciting and daunting at the same time. I started with a stock portfolio, buying stocks which analysts projected to have strong growth over the coming years.
The first stock I ever bought was RCL Foods. Johan Rupert (chairman of the Swiss-based luxury-goods company Richemont and SA based company Remgrohad) had just bought a massive stake in the company and people need to eat right? After holding for a few months and after broker fees and taxes, I sold for a loss.
Ok, Stock Investing is going to take some time, I wanted to earn some ‘Walking around money’ quicker than what investing in stock was going to provide. A fellow engineering friend, who was a Mechanical Engineer at the time, was trading Forex and when he showed me his results, I was dumbstruck.
How could he be making three times my monthly salary in a few trading weeks? My mind started working overtime and I told him, I want in!
After work I would quickly have dinner with my wife and then jump straight into reading books & blogs & watching YouTube videos on trading. I would spend all my free time studying up on trading, technical analysis, and fundamental analysis.
After a short while, I finally deposited funds into a trading account and started my trading journey. I was hooked!
As an engineer our minds are geared towards finding solutions. I am a very conservative person and analytically inclined. This was probably the scariest step I have ever taken in my life.
Trading challenged me in every part of my life, emotionally and mentally. Trading will really expose your weaknesses and challenge you in ways you can’t comprehend.
In closing, can trading get you out of the corporate rat race? Yes it can, but you have to know what you’re doing which is exactly why we’ve created our Mentorship and Signals Program – to help others on their journey to become successful traders.