The Trader's Journey Side Hustle to 7-Figure Trading - Matthew Monaco
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Dec 14, 2024 Matthew Monaco, a consistently profitable trader, recounts his inspiring transition from college side hustles to seven-figure trading. He shares valuable lessons from his early struggles, emphasizing risk management and discipline. Monaco discusses the importance of community support during the leap to full-time trading and explains the nuances of trading both OTC and listed small-cap stocks. He provides actionable insights on trading strategies, stock selection, and the critical role of patience and ongoing learning in achieving long-term success.
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High School Start
- Matthew Monaco's stock market interest began with a high school stock market game.
- Early trading attempts, fueled by stories of Tim Sykes' millionaires, led to initial losses.
Bitcoin Inspiration
- Inspired by Bitcoin's 2017 surge, Matthew started trading with $2,000 while studying software engineering.
- Early losses and observing others' success motivated him to learn more.
Risk Management
- Manage risk to avoid large losses that wipe out gains.
- Focus on one strategy, especially with a small account.