Chapter 2: Learning Part 1
Only after several years of playing the game with his Dad did Chekta decide to learn about stock investing and paid for a class. He took his Dad along with him to a free "introduction" to the class. and payed for the 3 day class with money he earned from his job.
By this time Chekta had already opened a different stock account that he could use from his computer instead of having to call in and tell the brokerage firm what he wanted to do.
He went to the 3 day class and learned more about Stocks and Stock options. during the class on the second day he figured out how he could take a smaller amount of money than the person was using as an example and make money with it using something called a cash covered put option.
On the third day of the class he asked the instructor if the class could do the same strategies with smaller amounts of money. The instructor said "no you can't" but as you saw earlier Chekta had already figured out a way to do so.
Later that year Chekta fell in love but in the end it didn't last. During the next year Chekta went through a work rehab plan and figured out that the plan itself wouldn't work for him.
Thankfully he had a friend who helped him get back with the company he had worked with before. But in the time being he decided to go to College to get a degree in Accounting which he had been considering for a little bit.
He didn't start College until spring of the next year. During this time he was still playing the game with his Dad and still learning a few strategies from that. He had also bought an expansion to the game which showed him that he could make money from the stock market whether it went up or it went down.
Chekta didn't have an actual funded account during this time and spent the money from his schooling a little bit unwisely except for buying his books ahead of time. He also spent the money that he got from his Grandmother's death on a new laptop that he could use for school. He also bought a program that he learned about in College so that he could use it in his own finances.
By this time Chekta realized that a regular job would not cut it for him because he worked slower than others and had so many jobs that he was fed up with how applications went and some of the ways people treated him but that's a different story all together.
Chekta almost finished his degree in 2 years but had gotten to the point where he tried to take on more than he could handle in the last semester and had to withdraw from 3 classes. This still didn't stop him from completing the degree later down the line.
After that Chekta decided to move and started trading but the stock broker he was with decided to change some things and took over half of the money he had in the account because he didn't have enough in the account to fit the standards that were being enforced. Chekta decided to pull most of the money that was in the account out and leave a small amount in the account for future reference.
During the next year he was homeless but still had a job. he was having a certain amount of money pulled from his paycheck which added up over the year.
Then when the next year came around Chekta was playing the game by himself when he had an epiphany. he figured out that playing with your own money was different than playing with play money.
When tax time came around he had enough held back to be able to actually fund his account to where he actually started making money in the account.
Also during that year he completed his degree in accounting.
The first 2 years that he had the account actually funded he only made a little over 170 for the first year and just 43 for the second year because of some of the losses that occurred during those 2 years but the total gains overcame the total losses but he was still making money from it.
During the first and second years only 8 transactions occurred.
The third year 18 transactions occurred. That same year Chekta made a little over 200 dollars in Net profit. This included a loss of 251 dollars which actually made the gross for the 3rd year well over 451 dollars.
All of this was on an account with less than 3000 dollars in the account.
Also during the third year someone decided to give him a chance to trade for them because the person saw potential in what Chekta had done in years past.
Chekta was still learning through it all.
The 4th year he decided to go to another class dealing with Stock and Stock options. This time the teacher actually saw that he was making an effort and encouraged him to keep it up.
He did keep it up and eventually earned 1631 dollars on a 3000 dollar account. Now this was no easy feat and took work and planning to do so.
Chekta decided then and there to get the account over 5000 in order to get into bigger trades. he achieved that goal.
His next goal was 20,000 dollars in the account so that he could get into even bigger trades and even start helping others get started trading.
He also wanted that amount to be able to start buying into business and becoming silent partner in several businesses and still be able to get income from those businesses.
He also wanted to start buying Rental properties but knew that would add debt onto his shoulders so he had to prepare for that as well.
He was preparing for these things when tragedy struck and he lost his life.
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