Words of Rizdom - Trading Podcast

Millionaire Trader Only Started with $2000 & Has Profited $9+ Million!

18 snips
Sep 3, 2025
Guest
David Hanlin
In this engaging discussion, David Hanlin, also known as the Laptop Legend, shares his journey from a humble $2,000 start to amassing over $9 million in profits. He candidly recounts bouncing back from a staggering $850,000 loss, highlighting the importance of personal discipline and emotional resilience in trading. The conversation reveals valuable insights on risk management, the necessity of continuous learning, and the balance between skill and luck. David's experience illustrates the transformative power of consistency and a supportive trading network.
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ADVICE

Install Hard Max-Loss Protections

  • Use broker-level max-loss protections and strict exit rules to force you out when trades stop working.
  • Only size up when a trade is clearly working in your favor and cut losers without hesitation.
ANECDOTE

Massive Hour-Long Loss That Changed Everything

  • David Hanlin lost about $850k in an hour on a large short that reversed and later recovered some but still realized massive drawdowns.
  • That event plus other losses produced roughly $795k realized and took ~14 months to fully recover, reshaping his risk rules.
ADVICE

Use Accountability To Lock In Discipline

  • Build discipline through consistent, sometimes physical accountability to translate habits into trading.
  • Use public accountability and daily rituals to force rule-following under stress.
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