Momo Traders by Brady Dahl

Author:Brady Dahl [Dahl, Brady]
Language: eng
Format: epub
Tags: Daytrading, Trading
ISBN: 9780692510803
Published: 0101-01-01T00:00:00+00:00

171 The Student

The Student

”I’m only interested in the part of the chart that has volume.”

Tim Grittani (@kroyrunner89) is a 25-year-old Colorado trader who recently came to the community’s attention after passing a million dollars in profits while in Tim Sykes’ Millionaire Challenge program.

He grew up in the upper middle class suburbs of Chicago where his father started his own business in the buying and selling of railcar components. The freedom and autonomy of being in business for oneself rubbed off on Tim, who even struck a “make it or break it”

deal with his parents in order to continue trading after college instead of getting a job.

In the mere three and a half years since, Tim has turned what was essentially prize money won from his own sports betting into over $2.3 million in trading profits.

When did you first get interested in the market?

In high school I was in a paper trading contest where you trade the market with fake money, but there was a glitch. The game was soon figged because you could see what stocks were already up during the premarket each day and still buy them for the previous day’s closing

172 The Student

price. Everyone soon figured it out and grew their accounts by 10,000

percent. It wasn’t a realistic simulation, but it was interesting. I also had an uncle who was always into the market. I remember him telling me I had a mind for the market and that I should give it a try sometime. But while I was in high school, Texas Hold Em and the poker world was blowing up. An amateur, Chns Moneymaker, had won the World Series of Poker so everyone thought they could do it.

My friends and I really got into it and started playing for money at this little traveling casino where you only had to be 18 years old to play.

They got away with it legally because they would give the rake to charity or something. But I had really good success with it for the first summer. Probably just dumb beginner’s luck, but it got a lot tougher after that. I’m sure I lost money overall.

You play online too?

Yeah, during college. But my parents were really trying to nip that in the bud, dishing out punishments when I got caught playing poker online at home. But I was fed up with poker anyway. After you lose enough you get fed up with anything. And that’s when I really got into the NFL and sports betting. I opened up some sportsbook account online and was successful at first yet again. I tried to take a statistical approach to it. I did stuff like upload stats to a spreadsheet every week and make formulas to predict score totals. My junior year of college I entered a free-to-enter sports betting contest with over 700 other people and won it. The prize was $5K put into my account, but the rules said before I could withdraw the money, I had to make a certain dollar amount of additional bets with it.

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