How This Nobody Trader Made $17,041,907 Overnight

Summary

Dex, a day trader, initially made quick profits trading Apple stocks, but his journey soon took a turn when he lost money with other trades. Determined, he transitioned to micro-cap stocks, using strategic methods to short-sell and track stock movements. After several ups and downs, he made his first massive win of $17 million by betting on a Trump-backed stock, DWAC. Dex's success was a result of his unique strategy of timing short trades, spotting hidden patterns in stock movements, and understanding market psychology. His legendary $17 million week cemented his place as a trading legend.

Takeaways

• 😀 Dex quit his job to become a day trader, going all-in on Apple shares, marking the beginning of his trading journey.
• 😀 Dex experienced his first taste of success when Apple shares gained 2.69%, and he made a $726.30 profit overnight.
• 😀 His account grew steadily to $37K, and he made his first big win with a $10K profit from selling Apple stocks.
• 😀 Dex faced his first loss when trading Amazon and Google, dropping his account from $37K to $25K, but he remained determined.
• 😀 Spending long hours studying charts, Dex began focusing on micro-cap stocks for bigger, faster returns, eventually making $40,000 in one day from a small-cap stock.
• 😀 After experiencing both wins and losses, Dex turned his account into $900,000 by the end of his first year of trading.
• 😀 Dex kept his trading success a secret from everyone, including his parents, who didn’t approve of the stock market due to cultural beliefs.
• 😀 By 24, Dex’s account reached $4 million, but one trade would soon make him a trading legend, thanks to a timely decision involving the DWAC stock.
• 😀 The $17 million trade came when Dex shorted the Trump-backed DWAC stock at its peak, betting on its decline, and made $12.5 million in just a few days.
• 😀 Dex's trading strategy revolves around timing the first 'red day' of stocks, where a sharp drop usually follows after several days of gains, maximizing his profit potential.

Q & A

Why did Dex quit his job to become a day trader?

Dex quit his job to become a day trader after conducting research and deciding to invest in Apple shares. His motivation stemmed from a desire to achieve financial success and gain independence.

How did Dex feel when he saw his initial gains from trading Apple shares?

Dex felt exhilarated and surprised when he saw his account grow by $726.30 in profit overnight. It felt unreal to him, almost like magic, as he made money without actively working for it.

What was the turning point in Dex's trading strategy?

The turning point came when Dex decided to shift from trading big, stable companies like Apple to micro-cap stocks, hoping for faster and bigger returns. He also started using short selling as a strategy to profit from price declines.

What is short selling, and how did Dex use it?

Short selling is a trading strategy where an investor bets that a stock’s price will decrease. Dex used this strategy with micro-cap stocks, looking for opportunities to profit from significant price drops.

What role did Donald Trump play in Dex's biggest trade?

Donald Trump's involvement came through the Trump-backed DWAC stock. Dex studied the stock's movements and bet against it, shorting the stock with $2 million, which resulted in a huge profit.

How did Dex's friends react when he first told them about his trading success?

Dex's friends were initially skeptical and dismissive, even calling day trading similar to gambling. However, as Dex continued to show his consistent profits, their views began to shift.

What key strategy did Dex develop to achieve his $17 million success?

Dex developed a strategy focused on identifying a hidden pattern where stocks that had been rising for several days would often experience a sharp drop on the first 'red day.' He would then short the stock, timing his trade around 10:30 a.m. to maximize his chances of success.

How much money did Dex make from his first big trade with a micro-cap stock?

Dex made $40,000 from his first big win when he invested $12,000 in a small-cap stock, which saw a significant increase in price.

What was Dex's emotional state as his trading account grew?

Dex felt unstoppable and confident as his trading account grew. However, he also experienced the lows of trading, such as losing money on some trades and feeling the pressure of his decisions.

What was the significance of the $17 million trade Dex made?

The $17 million trade was the pinnacle of Dex's success, marking him as a legendary trader. His precise strategy, combined with perfect timing and an understanding of market psychology, allowed him to make a life-changing profit in just a few days.