Investing Was Best 20 Years Ago, And the Second-Best Time Is Now

I've suffered from bad trades, judgments, and brokers. I am Ken Adams. Is there a reason I am saying this?

Yes, there is...

My goal was to become a millionaire in a few days by trading stocks and currencies. It was a surprise to me what lay ahead! Back then, I was a geeky retarded looking man who was ecstatic when his first account was opened with a reputable and trustworthy broker. Millionaire I will be.

As soon as I put down the financial times, I felt like the wizard of Wall Street. I used to read the financial times while drinking my first cup of coffee of the day.

The wizard burned his fingers in no time. Despite my pride, my egoistic nature was pushed to its limits by my pride. Changing was not in my nature. Throughout, I thought I was right, and the market went wrong for a variety of reasons. Passing the buck was all I was doing. My blame games continued. I did not ponder in my mind to find out if I was doing the right thing or if I was ready to accept my mistakes.

My friends, The money markets or foreign exchange market will never be your friends or enemies. It is a phantom monster created by this world's greed. You can tame it even if you can't kill it.

I was indeed ignorant and stupid. While trading, I let my emotions take over. Market experts and bloggers and those lunatics who offer the best market tips became my guides. I was still losing a lot of money and nothing helped me. Every time I bought or sold; my trades hit negative. From FOREX to NYSE and NASDAQ, I tried a variety of markets. In comparison to my huge losses, my profitable trades seemed like a joke.

Those were the days when I chased a wild goose, ignoring the most important thing that any trader should never ignore. It was not easy to find it back then. Since I was always seeking market experts, I would not have noticed it if I had found it by accident. However, some sleepless nights I wish I had some time to work on it. It would have been a different story.

In the not-too-distant past, I stopped trading and dreaming of being a millionaire.

Initially, I worked for an American stock trading company in their news department. We broadcasted vital news to our livestock traders over the radio. There were many traders on our floor and I made many friends.

I was asked a question by a rookie trader that made me think about my life and my trading style.

Hey Ken, how's it going? Larry asked me.

Thank you, Larry. How is everything going for you?

The acne-covered man said, 'Ah, not too well, I guess I'm not getting this, I'll quit.' The smoke bay of our office was where we became friends after a few days at work.

‘What, the trading?’ I jolted, surprised at the kid’s question. I was genuinely surprised as many young guys will kill each other to get into this high-flyer Wall Street jet-set lifestyle and here is this kid who was fortunate enough to get through these esteemed Wall Street walls and want to quit.

‘Yes, I cannot handle this stress’

He is right, even though Wall Street offers you a dreamy look the hot molten lava it produces inside your head can burst out anytime destroying those dreams you had before wearing the stock trader persona.

Dream Big, work hard, and play hard if you have time — the Wall Street mantra.

‘Anyone home?’ Henry asked snapping his finger and I was back to reality.

‘Why do you want to quit, do you know where you are and how fortunate you are? I asked him. People look at you with green eyes ya know that? I added.

‘Whatever’ he said Sam, you know you are in here from Stone Age, May I ask you a question? He asked

‘Shoot’ I said

‘Why do most traders and their trades fail even though everything looks all right and appears to be a winning trade?

I was taken aback and I wish I had the answer.

‘Okay look, Henry, I got to go, and we will talk, okay, and forget about quitting now and get back to your desk’.

That night I could not sleep as usual. Something was nagging in my mind. After years of financial markets know how I could not even answer the young trader’s question. He was genuinely worried about his trading style and maybe he thought that he could get some really good answers from the so-called news analyst who was supposed to know the secrets of the market.

I couldn’t sleep the rest of the night. I went and made some coffee and sat on the balcony looking at the starlit sky and the empty streets. I asked the same question to me “Why do we fail”?

Hey if knew the answer life would’ve been a cakewalk, right? I would’ve been on the cover of Forbes. Come on dude you don’t know. I kept saying this to myself.

Another voice in my head “If you do not know, search for it, you will find it. Sounds familiar right? Yes, the Holy Bible, Jesus’ words. So, I started my quest to find the answer.

I took a vow that day that I would research this subject and change my style of looking at things. After years of research and I found the secret to winning trades. I want to share this knowledge with you before I die. Why am I doing this? I do not know. Maybe to make my consciousness feel better. But I do not know.

After a month of research, I found that there are two types of players in the financial markets.

1. The Big players who decide what has to happen — Yes, you read it right, do you think a stock or a currency pair comes to the market in the hands of the retail players without a secret agenda? Then you know nothing. Yes, its fate is decided and Lion’s share of the money the stock that has rolled out has been already decided where to go and how much. You could place almost all the corporate and underwriters in this category. They know how the retailer players with the stock and so on….so if anyone tells that it is in the hands of the public most of the time it is just ignorance speaking.

2. The common man or the retailers — us — Yes, we get what is left over from the big players' table. It is the fact. We trade those stocks not knowing the history or the implications or what is the fate of the stock. All the while we have been told by the so-called market analysts and the media that it is just hype. This knowledge comes from years of experience and you should seek it. Then eventually you may come to know how the market works. Yes, but we still can make the most of it, but the big question is how?

When I say I found the basic answer as to where the trades go wrong, I mean it. We all make this mistake on the very first day of trading. Correct it and you are the master.

So, no more waiting. Now is the time. It is now or never.

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