Name: Butch Wampler
Tradename: Money Duck
Title: Senior Market Analyst
Owner of several businesses. Trading the market is my priority and life!
ABOUT ME:
I got into trading in May 2004. I injured my back on a house I was managing for an architech on Marco Island. Bulging discs. I could not walk or stand for over 5 minutes without my legs going numb. I was couch and bed bound, so I needed to make money and the only thing I could do from the couch was get on my laptop.
I already had a business going that was kind of like Paypal. It was an exchange website where I exchanged ecurrencies. I made the typical 3% on transactions. Someone mentioned Forex trading to me. They said, you're kind of already doing it... but it wasn't even close. But I looked into it and decided I wanted to try it.
I had to make $5K a month, or we would have lost our house. My wife was working and had a great job. But we were in Naples, and things were expensive there.
Through my search online, I found a guy in Boca Raton that had his own hedge fund and traders he had trained that were trading his funds. He wanted $20,000 to train me to trade successfully. I looked at it like I was going to get a college education in trading the Forex market. It was way better than me looking all over the internet and trying to figure out on my own, what worked and what didn't. I paid him to teach me. I only had to put $5,000 down. I was able to sit with him and his senior traders and learn through the week, and go home on the weekends. We lived in Naples at the time.
I learned to use Daily, 4hr, 60m for analysis. 15m for entries. Trendlines and support and resistance levels. Using Fibs for my pullbacks and targets. And always aware of when fundamentals were coming out.
Through the years, I decided to settle on the smaller timeframes for entries. 3m/5m. So I look at the 4hr, 60m and 15m for analysis. Use outer trendlines and high and low swinges for zones.
I still trade the Forex market today, but added Futures in January 2024 into the instruments I am trading. I trade Gold, Oil, Platinum, Nasdaq, S&P, Russell, Dow Jones and also Bitcoin!
The things I learned to use back in 2004 hold true and work to this day. I wouldn't change a thing.
I've had a lot of people reach out to me for private training and I decided I would step up. So here we are.
If you want to become a successful trader, you need to lock in money each day so you can hit your monthly living expense goal. Successful traders don't sit all day without pulling profits out. The following is a quick 12 minute video on how to set your monthly target as well as how to scale up your trading goal as your account grows, so you are trading exponentially.
https://www.youtube.com/watch?v=c1n7HknFFfc&t=8s