About me

About me

My name is Shimrit Manor. I am 44 years old and I live in Tel Aviv. I was born and raised in Jerusalem in a house where my late father always used to engage and talk about the capital market. He tried to ‘infect’ my sisters and I with this love of his, to tell us what the market did today and how this or that stock behaved. He frequently mentioned stocks such as Melanox, Nice, CheckPoint and Elbit. These four stocks made up his entire portfolio, which he managed himself.

One hundred percent stocks, one hundred percent risk.

He knew exactly what he was doing, he knew every detail about the management of those companies by reading and learning everything possible about them and he tried to share these details with us to get us interested. He even shared with us the biographies of Eyal Waldman, Gil Schweid and Warren Buffett but to no avail. We did not follow this love of his.

He would refresh his portfolio on YAHOO FINANCE in front of us every five minutes to show us the change in value of the portfolio and we would simply say "wow daddy, this is nice". But we didn't really understand nor care. Today I know that whether I wanted to or not, I did in fact absorb much more than I thought I did during all those years.

I am a software engineer and have a degree in business with a specialization in the capital market. In the past I was involved in programming and then entrepreneurship. No matter what business I started or ran, I eventually found myself engaged in marketing.

I write children's books as well as prose books and know how to tell a story. I’m inventing toys and trying to sell them to the biggest toy companies in the world. In recent years, I have been reading, studying, developing an interest in and trying to practice mindfulness and Buddhism.

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I am also a mother of two grown children so in recent years I have found myself with more and more free time on my hands and so it happened that three years ago, I started to seriously study trading. I took three basic courses, opened an account with an American broker recommended to me in one of those courses, deposited $15,000 and started trading in the evenings and Fridays while maintaining my job.

I started with swing trading (for those who do not know the difference between swing trading, day trading and long-term investment, an explanation can be found in the Basic terms post).Needless to say, I lost most of the money I traded with during that time.
So I continued to study, took more advanced day trading courses and changed my attitude.
I convinced myself that maybe it was more suitable for me to engage in day trading. That maybe swing trading is not for me or maybe the trading system I work with is not good for day trading. So I opened another account with another broker with a new trading system, which was recommended in the new courses and I continued learning.

I found myself in love with the process. I loved the subject and the material, which both fascinated and challenged me. I felt that for the first time in my life I understood why my late father loved this world so much.

I decided I was going to be the best day trader in the world, that I would be a millionaire, that I could travel with my computer around the world, print money and generate revenue at the push of a button. I decided that I will understand this market better than anyone else in the world.

I left my workplace and decided to devote all my days to studying trading, my afternoons to actually trading and my evenings to summarizing those daily trades. I told myself that within a month or two I would start pulling profits from my day trading account and thus I will never have to go back and be employed by someone else!

And that's what happened,

at least partially…

While I devoted my days to learning how to trade and I was trading every day, by evening time I was so desperate and tired that I did not have the strength or the ability to sum up the trades I made that day, there were so many… There were so many entrances and exits to trades that I could not explain and I certainly did not withdraw profits to my bank account, on the contrary. Only losses.

One day of profits and four days of losses that were three times greater than the profits of that single day. (So-called downtrend…)

My trading account often dropped below the minimum threshold, which I was allowed to trade with for day trading and it was blocked. In those days when I could not trade and I had to make further transfers from my savings account in Israel to my trading account in the US, I forced myself to sit in front of the screen and really watch the price movement. Slowly slowly, without being able to trade and without the possibility to press the buy button out of an urge, I tried to understand what was happening in front of my eyes. To translate the movements on the graphs and write down notes for myself. It was precisely then that I began to see things clearly.

Yes, I was angry at myself every time I lost money and my trading account was blocked. I was angry at myself a lot, I blamed myself that despite all the courses I took and all the books I read, I still could not trade and make profits. And then I realized I had no real reason to be angry.

I was told that I would learn how to trade and be a millionaire.
And yes, I was warned that this is a dangerous thing to do and I have been told that I shouldn’t trade with more money than I can afford to lose. I was also told that the traders presenting or lecturing are very experienced and it is very rare to be successful in this industry.

And everyone said things like "do not take an example from me, I am an experienced trader" and "start with a demo account, don’t start with a real one" and all without exception also explained that most people lose while trading. That 90% will delete all their trading accounts but still they invited me to learn how to trade and I believed that I was different and special. The reality as I experience it today is much simpler.

This is the reality as I experience and understand it and I will say it again.
It is my personal interpretation. The trading method is negligible, it's really not the main issue, anyone can learn trading methods, strategies, understand and develop them.. (You can read more about trading methods and strategies in the strategies category).

The main thing is the trader himself and there are clear steps and stages that a trader has to go through to reach a stage where she/he will be able to generate consistent profits for her/himself.

It is a long path, which a trader has to go through before she/he can make a living from trading. And there is a considerable amount of money involved.
Money, which one has to decide whether or not she/he wants to invest while remembering It's just like investing in a new business. On top of that, one has to consider also the lack of alternative salary if giving up their day job.

A minute before you sign up for this or that course or a minute after you have already finished a course and you still do not understand why it does not work for you. - Basic concepts - what are the differences between an investor and a trader - Coming soonThis is the time to read this blog written by someone who has gone through this process and is still learning together with you.

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