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Trader Lifestyle Magazine TRADER LIFESTYLE MAGAZINE SPOTLIGHT: TYLER CHIANELLI VOL. 1 : ISSUE 1 A TRADER LIFESTYLE PUBLICATION Welcome to the premiere issue of the Trader Lifestyle publication. Before we get into “war” stories, memorable trades and the prospective future of a successful trader - I feel you should learn a bit about how I arrived here today with the perspective I’ve cultivated in the financial markets since I got started back in this industry back in 2001. My name is Tyler Chianelli and I am the founder of Option Trading Coach and Wealthvisors Investment Corporation. I have championed programs like the Trading Mastery Program Easy Option Trading Course, and the How to Trade LEAPS program - while also developing an elite social network style trading community known as the Options Trader Club. The goal of the Trader Lifestyle publication is an effort to channel my passion for the Stock Market into showcasing my growth and path as a trader over the years for you. Through this, I want to prove that you are capable of cultivating your dreams as an educated stock and options trader (if you apply yourself and never quit). “Success” is a powerful word I often use in my work because it acts as a constant source of motivation in my overall investment goals and aspirations. So as a burgeoning trader, it is critical to find out what “success” means to YOU. It will help a great deal in designing your custom trading plan and will keep you on track as you learn and grow. I started on this trading path 17 years ago (as a teenager). I was not some “stock market prodigy” by any stretch of the imagination. With a father figure who had a successful business, I was highly motivated at a young age to create a functioning and thriving business of my own. My story as a trader is just one of millions. Yours can be the next success story with the help of motivation, persistence and the proper trading education. Now let’s do some storytelling, shall we? I want to prove that you are capable of cultivating your dreams as an educated stock and options trader. 1 I have always had a strong entrepreneurial spirit ever since I was a young boy. I remember saving up all my money (over the course of two years) to buy my very own 16-foot Carolina Skiff. This modest fishing boat gave me a sense of freedom and accomplishment at a pivotal time. I knew what I wanted and I knew persistence and hard work was the way to get it. Once you have made a concrete decision and ingrained it in your mind, you begin to overlook roadblocks along the way as you stay focused on the end result. This is how I approach my business THE (and daily life) because it’s the most empowering attitude to adopt as a trader in the Market. I remember back in 2001, taking a trip down to Florida with my father. We attended a lavish and EARLY spectacular boat show: showcasing mega yachts and the luxuries that came with achieving this YEARS kind of lifestyle. Now, this is not an endorsement of material excess, because the most important takeaway that day was the fact that each and every yacht owner there had a presence in the Stock Market. Whether they had sold their company, had a publicly traded company, were hedge fund managers, executives, invested in the market, or were simply professional traders - each one had investing wherewithal. This is when the stars started to align for me. “I knew what I wanted and I knew persistence and hard work was the way to get it. “ The Florida boat show that lit my fuse as an investor… 2 So from that day on, I started voraciously studying every corner of the Stock market with books on: general finance, economics, fundamental stock analysis, long-term investing, technical analysis, options trading, advanced option concepts, day trading, swing trading, currency trading, futures trading, candlestick charts, advanced charting analysis, top hedge fund traders and anything else I could get my hands on. That thirst for betterment has not faded with time, because I continue striving to learn and improve on to this day. So that very year (2001), my father graciously co-signed for me to open my first trading account at age 16. I opened an E-trade account with my life savings of $2000. I could actually start trading with live dollars, so you can imagine my excitement at that time. I loved the freedom that came along with winning trades. I remember those first six months being satisfying, but like most beginners, I was yearning for a big win. So in an unprecedented move, I invested my whole account into one stock on a company formerly known as WorldCom… The infamous Worldcom stock that collapsed my Myself on the floor of the CBOE several years ago account “Once you have made a concrete decision that’s ingrained in your mind, you begin to overlook roadblocks along the way as you stay focused on the end result.” Within a few short months, WorldCom had filed for bankruptcy and my first trading account was completely wiped out. In hindsight, this was clearly a foolish trade, but at the time, I felt nothing but despair, disgust and failure. I broke a cardinal trading rule by putting my entire portfolio into one trade. It was not until 6-8 months later that I was able to replenish my account and start trading again. In that interim, I went back into student mode and continued to read, study and practice to ensure I would not make the same mistake twice. 3 I was 17 years old and my trading began to incrementally improve, while starting to rack up a steady line of winning trades. I was even doing well enough that my father allowed me to trade some of his funds: about A $30,000 in trading capital. I had a solid understanding of technical analysis and began to learn how and when to buy at TRADER favorable prices. I even remember on school days, constantly running to the library for an internet connection so I could check on my open positions. My passion as a trader grew stronger IS BORN by the day (and started to border on obsession) “I vividly remember my $2,500 investment ballooning out to $7,500 overnight. That was the most amount of money I had ever made in the span of one day and that made me ecstatic about options trading.” I proceeded to lead my high school to two back-to-back annual victories in the state-wide Stock Market Game (SMG): which gives the students the chance to invest a hypothetical $100,000 in an online portfolio. I did not treat this as a game, because this was a serious situation for me at that point. But it was not until my senior year that I had my first big score trading options. After blowing up my account two years prior on the WCOM trade, I now had a much more conservative mindset in the Market. I had just began to trade option contracts and I had been selling personal items on eBay to build my trading account. I then began to study eBay’s charts as they were publicly traded. I liked what I saw and became bullish on eBay, so I went ahead and invested about $2500 in some long-term out-of-the-money call options (LEAPS). When second quarter earnings came out, eBay stock soared! I vividly remember my $2,500 investment blowing up to $7,500 overnight. That was the most amount of money I had ever made in the span of one day and that made me ecstatic about options trading. I was happy with my $5,000 profit and ended up selling about 80% of my position to lock in a majority of my gains. I did not fully understand options trading when I placed this trade, but I knew that $2,500 was the most I could lose, I had about a year until the contracts became worthless and it was a leveraged investment on a stock that I liked and followed. I had a lot to learn, but I knew I had a future with options trading. 4 After the eBay trade, I attended a local 3-day live trading event and was hooked after the first seminar. I came home raving and eventually convinced my father to attend the last few hours of the third and final day of the event. He was blown away and ended up signing up for the most comprehensive program available. We signed up for a rigorous 2-year online curriculum that would land me where I needed to be with practical options trading knowledge and experience. This was merely the beginning of both our options trading careers. It was not easy migrating from basic stock trading to advanced options spread trading and so forth, but it was a critical change that proved to have enormous benefits in both our trading and investing careers for years to come. This also proved to be the main reason why I never pursued a college career. I took an unconventional path with specialized education because I know this was it for me: becoming a professional trader was my calling. I knew what I wanted to do, I could make more than enough money to pursue my long-term goals and I could live my dream as a professional trader.
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