In the movie ‘A Beautiful Mind’, Russel Crowe’s character makes sense of life through numbers.
There’s that one scene in the bar, where he explains how the Game Theory works to his friends.
You may not see the world in the same way he does. But chances are you spend all day calculating numbers in your head. Figuring out the probability of what table you’re going to get. How much you’re going to spend on a tip. Weighing up the risks and rewards for everything you do.
At work, you stare at your monitor all-day: number-crunching, setting up formulas, running results…
Maybe it’s just how your mind works.
Maybe it happens naturally for you…
If it does, you’re literally leaving multiple six-figures on the table each year.
If you’re a parent, with just 2-3 hours of your focus each day, you could save for your kid’s college tuition in two years!
Most people can’t do this. But for you… it’s like having a superpower you never realized you had.
Are You a Master of Excel?
Numbers have always made sense to me. I wouldn’t say I enjoyed studying mathematics and statistics growing up in China, but it’s a subject I always scored well in. I could always make sense of numbers.
Some people can’t. A lot of people struggle with numbers.
If you’re one of them, maybe this article isn’t for you.
But if you’re like me and numbers just come easy…
And you’re a master of Excel who practically lives inside a spreadsheet each day…
This article may open your eyes to a new world. It isn’t illegal, although the type of advantage someone like you has in this field may make you feel like you’re cheating.
It isn’t to say it’s an easy ride (as I’ll talk about later).
But YOU, the number cruncher, data geek and Excel master…
You have the tools everyone else in this industry wishes they had.
But more on that in a moment.
First, let’s take a step back and talk about a few things that come easy to you.
Each day, you turn up to an office and sit in front of a monitor like this one… right?
Row after row of data, calculations and formulas. In the beginning, maybe it overwhelmed you.
But these days, you know all the Excel tricks to save you time.
- Creating Flash Fills
- Conditional Formatting
- Automatically Building Charts and Graphs
- Adding a Slicer
- Power Pivots
- Index Matching…
Have you ever tried to talk to someone who isn’t a master of Excel about things like this?
To them, Excel is just a spreadsheet with a bunch of data inside. To you, it’s much more than that.
It’s a way to save time and make your employer money.
Yet maybe you feel like nobody cares about the role you play.
You’re just a number cruncher; a data geek; someone who stares at a monitor all day.
You work hard, but for what?
Do you feel valued at your job?
Do you get paid what you deserve?
It may surprise you to hear that I speak to a lot of people who feel this way.
Skilled people making their companies a lot of money. Yet who still live month-to-month.
Working hard to save up for an annual vacation (where they still get emails and calls in the morning).
Wanting to live a good life and take care of their families. Thinking the only way they can succeed is by climbing the ladder and playing it safe. That if they keep working hard, one day someone will notice!
Maybe they will.
Then again… maybe they won’t.
So I’ll tell you what I tell them: you have a skill that could earn you multiple six-figures per year with just 2-3 hours of work each day.
This is something you can do on the side, without having to risk your full-time job.
This is something that can help you save for your kids’ college tuition or inheritance.
Or, if you want, this is something that could become your primary income in the next 18-months.
So if you’re an:
- Data analyst
- Financial analyst
- Business analyst
- or anyone who spends a lot of time in Excel each day… Keep Reading!
I’ll show you how to turn your Excel superpower into the life you wish you could provide your family.
How To Turn Your Excel Skills into Money & Freedom
What I’m about to share next may put you on edge.
You’re no doubt skeptical about it and worry it’s all a scam.
I understand because this is how I felt in the beginning.
I won’t share my story here (you can read about it on this page if you like), but I will say that everyone I knew warned me against this. They said I’d lose all my money. They told me I was an idiot!
Well, in the few years since, I’ve built a $5+ million portfolio through Day Trading.
And the biggest reason I have is that, like you, I’m good with numbers.
You’re practicality designed for this industry because you think logically and see the data in front of you. You don’t make emotional decisions or get caught up in your “gut feeling”. You’re all about the numbers!
This is what you need to be successful at Day Trading.
And it’s the exact reason why 94% of new traders fail.
So keep an open mind as you read the rest of this post. I speak to you as one data geek to another. With the right approach, you can make a lot of money using the skillset your boss takes you granted for.
What I’m about to share with you isn’t easy.
Yet you will find it easier to build momentum than most.
Here’s what you need to know…
First… What is Day Trading?
The general perception of Day Trading isn’t great. When I first speak to people, they’re often skeptical.
- Is it legal?
- Isn’t it all a scam?
- Does anyone actually make any money day trading?
Movies like ‘The Wolf of Wall Street’ show the dark side of Day Trading and Penny Stocks. It leaves a lot of people skeptical. You may be one of them. Again, I used to be one of them.
But then I began to study what it actually is (and is not) and realized it was perfect for a guy like me.
So, what actually is Day Trading?
It’s a form of investment that shares a lot of the same philosophies as traditional “buy and hold” investing.
(the sort of trading you see in the movies, and that’s made billionaires out of people like Warren Buffett)
The main difference with Day Trading is that you buy and sell stocks in a short timeframe (typically a day). The goal is the same as traditional investing: Buy Low and Sell High. Although all this happens in a short period, usually with small profits for each trade that yield compounded gains over time.
It’s 100% legit and legal. In fact, before the internet arrived and created an electric platform that anyone in the world could use, financial investors and bankers often traded this way. So Day Trading isn’t new. It’s been around for decades. But until recently, most people couldn’t access it.
That’s no longer the case. A great opportunity for people like you and me.
But, unfortunately, also an opportunity for internet marketers to prey on people.
This is why I’m often asked: but isn’t it all a scam!?!
No. It is not. BUT there are many people out there selling courses on How To Day Trade even though they don’t know how to do it themselves. It gives people a lot of hope but no practical tools to succeed.
This is one of the main reasons people fail during the first year of trading.
Although it isn’t the only reason, which we’ll focus on soon…
How Does Day Trading Work?
Traditional Trading and Day Trading are basically the same. However, there are a few key differences.
You know about traditional ‘buy and hold’ investing, I’m sure. Maybe you’ve even read books by tycoon investors like Warren Buffett, Ray Dalio and George Soros. I’ve read them all and learned a lot. But one of the key takeaways I took from them (maybe you’ve noticed this too) is that you need A LOT of money to start with.
More so, you need to have time on your hands!
Research from Dalbar Inc shows how the S&P 500 Index averaged just 9.85% a year between 1995 and 2015. And the average equity fund investor earned 5.19% during this time.
So the best returns you can hope for in traditional selling are 10% (if you’re lucky, maybe as high as 15%). This is fine when you’re investing millions of dollars, or you have a spare $250,000 and don’t need any returns for the next 15-20 years.
But if you need your money to work for you now… well, the numbers just don’t add up.
Let’s say you do have $100,000 spare that you can invest (which most people don’t).
If you meet the industry standard of 10%, you’ll make $10,000 profit in your first year. But here’s the hard-hitting number… after 5 years your initial investment of $100k will only be worth around $160,000.
This means that you only make $60k profit in 5 years.
(and that’s if you consistently hit the levels experienced investors do year-after-year…)
$60,000 is good money. But will it change your life?
And that’s if you have $100k spare in your bank account.
If you only have $10,000… well, you can see the numbers for yourself.
Traditional investing like this is slow. The most powerful investors dictate how the markets work, so you’re always at the mercy of what they’re doing (and the economy as a whole).
You have little control.
And unless you have a team of interns doing the number-crunching for you, it’s hard to get a head-start.
This form of investing is great if you’re in charge of a huge hedge fund.
But if you’re one person with a modest amount to invest… it’s not the answer.
This brings us to Day Trading, which could be…
Why? Because big investors like Ray Dalio and Warren Buffet don’t get involved in them. There’s a simple reason for this: if you buy too many stocks in one of these companies, you end up owning it.
Big traders deal in big numbers.
Remember, to make those 10% returns work, they have to deal in volume.
So Day Trading simply doesn’t make sense for them.
This is an opportunity for everyone else because it creates a level playing field. Unlike with Blue Chips, the trades you make here are based on predictable patterns and formulas. Not everyone knows what these patterns are, which is why YOU have a massive advantage over everyone else.
Because if you’re good with numbers like you are, you’ll soon spot patterns that yield an 85% success rate that repeats 10… 15… 25… and even as many as 35 times per year.
Compare this to an annual return of just 10%, and you can see why Day Trading makes sense.
None of this is to say it’s easy to find these patterns and yield these results.
The reality is, 94% of new traders fail in the first year (I’ll tell you why next…)
But fundamentally, Day Trading centers around proven, predictable and measurable formulas and patterns. So long as you’re good with numbers, you remove much of the risk. And unlike with traditional investing, you always have more control over the trades you make.
Not at the mercy of billionaire tycoons and the continuous dips that the markets take.
Always part of a level playing field where the big winners are those who pay attention to the numbers!
As a number-crunching data geek, you’re perfect for this world.
You have the very skillset that 94% of people who fail do not have…
The #1 Reason Most Day Traders Fail (and Why YOU Won’t!)
I’ve written a separate article that specifically details WHY 94% of new day traders fail in their first year. I encourage you to bookmark it for later because it can save you a lot of time and money.
Here, I’d like to focus on the #1 reason why most people fail: EMOTIONS!
I fell into this trap when I first started. I used to base my decisions on 90% emotions and only 10% logic. I would think about what my ‘gut’ told me and ignore the data if I had a “feeling” that a particular stock would go up.
This is what most people do and it’s why they fail!
These days I’m the complete opposite: 90% logic and only 10% emotion.
I listen to the data. I work off the numbers. I keep faith in the predictable patterns and formulas I find. Once you do this it’s almost impossible to fail. Whereas everyone else buys too late or sells too soon, you minimize your risk by basing your decisions on the data in front of you.
This is why Day Trading’s perfect for Excel Masters and Data Geeks!
You’re doing this in your job already!!
What The Numbers Could Look Like For YOU…
I don’t know what you currently earn. But based on these industry averages, I imagine you fit into the $50,000 — $100,000 salary bracket.
- Accountant: $51,024
- Data analyst: $60,123
- Auditor: $56,244
- Private Banker: $70,501
- Financial analyst: $60,526
- Business analyst: $63,812
I remember a time when I thought this was a lot of money. It’s good money, there is no doubt. But as you dive into the real numbers… the actual cost of living (which I cover in more detail here), you quickly realize it isn’t enough if you want to:
- Save for your children’s college tuition
- Leave them an inheritance
- Have multiple vacations each year
- Retire early
- Simply enjoy the life you always dreamed of having…
With your skillset, you could outearn your annual salary through Day Trading just 2-3 hours each day. This won’t happen overnight (more on this in the next section), but within 12-15 months you could double or even triple your current salary.
With just 2-3 hours of focussed work each day!!
Let me show you…
Say you start with an initial investment of $10,000 (which is what I advise my students to do).
If you find a trade that works 85% of the time and averages a 35% return (and you repeat this same trade 12 times in a year with an investment of $10,000 per trade) the 85% of wins will earn you $35,000 whereas the 15% of losses will lose you $7,000.
This leaves you with a total of $38,000 … a profit of $28,000 (or a 280% return).
That’s based on ONE trade that repeats 12 times per year. If you find a trade that you can repeat 24 times… or 36 times per year, you can see how quickly your portfolio will increase.
And, as you build your portfolio, you can begin to run multiple trades that yield similar results.
This is how I did it, turning an initial $28,000 investment into $1.3 million within 18 months!
You already have most of the skills you need to do this.
You use them in your job each day. It comes naturally to you.
The only piece you’re missing is the knowledge on HOW to do this specifically for trading.
Once you know how to spot these patterns, efficiently run reports and execute trades, you’ll build greater success than most people because you’re hardwired to judge the data. You won’t make as many emotional decisions as most people do.
This results in greater wins and fewer losses.
Again, this is how I did it; and it’s the reason I’ve built a $5+ million portfolio in just a few years.
You can achieve the same, using the skills you’ve already masted inside your career.
Only this way you can make upward of $5 million per year (the upper limit of Day Trading).
Even better… you’ll never have to work more than 2-3 hours once you’ve mastered the process.
How To Get Started in Day Trading (and How NOT To!)
If you want to get started with Day Trading, there are a few things you need:
- Money (you need a minimum $3,000 initial investment. However, I encourage my students to start with $5,000, or ideally, as much as $10,000).
- Time (in the beginning you have a lot to learn. This means you’ll have to commit 4-6 hours each day simply studying the markets and making paper trades. I warn my students to expect a year of hard work before they start making money).
- Commitment (this is not a get-rich-quick scheme. You have to put in the hard work and appreciate big results come on the back of big commitment).
- A MENTOR (I wish I had got a mentor sooner. If I did, I’d have a much bigger portfolio by now!)
As someone who finds numbers easy, you’re perfect for the world of Day Trading. But that doesn’t mean you’ll see instant success. You have all the tools you need to win big… the problem is, you’re not sure how to use these tools specifically for Day Trading.
So please, do not rush into this process. Keep your job! Study the markets in your spare time and make A LOT of Paper Trades. Learn from proven techniques and patterns. Learn how to create your own patterns and formulas. With hard work and 100% commitment, anyone can learn this.
But because you’re great with numbers, you’ll find it easier than most!
In time, all this will become as intuitive as your normal day job is.
Once it does… That’s when you start making real trades.
Your Next (and 1st) Step into Day Trading
If you spend your days calculating risk and reward, sat in front of an Excel spreadsheet or make sense of the world through numbers… you will love life as a Day Trader.
Chances are, you’re frustrated in your current role. You feel under-appreciated and overworked. And although you may make good money, it never seems like it’s enough to live the life you dream of.
I speak to a lot of people who share situations like this.
In fact, many of my students come from this exact situation.
They go on to make some of my best, most successful students because they are perfect for Day Trading.
The bar is set so low for you. Most people get into Day Trading for the wrong reasons. They expect instant results and have no idea what patterns to follow. They waste their time and lose money.
Yet their failure can ignite your success.
Take your time. Learn about how Day Trading works and study the markets. Find proven techniques from legit mentors who have seen success themselves. Make sure anyone you follow validates their results and shows you the trades they make. If they don’t share this information, they’re hiding something.
Avoid them at all costs!!
Now, if you would like some help to get started, here are a few steps you can take:
- Subscribe To My Youtube Channel: this is where I share practical training on how to trade, as well as behind-the-scenes insights into the trades I make.
- Join My Newsletter: I write these emails for people who want to learn the basics of Day Trading and the practical steps they should take to get started.
- Join The Freedom Challenge: this is my flagship program for traders who want to level-up and learn about the techniques I use, how to use them, and what to do to turn Day Trading into their primary income stream.
From one data geek to another, I hope you’ve found this article valuable.
Day Trading’s changed my life and allows me to live it on my terms.
I never thought a number-crunching gamer like me could make millions from his laptop. It’s far easier than I could have ever imagined. I’ve seen other people do the same.
I hope reading this inspires you to make the most out of your love for numbers.