After the collapse of the former Soviet Union, Armenia became independent, but times were tough with constant electricity outages and poor economic conditions.  

Without a social security number, he paid every semester cash out of pocket working odd jobs, including valet parking, waiting tables at banquet halls, even cutting diamonds. Every time a diamond was chipped, there went his entire weekly paycheck. Struggle was real! 

Ironically he won the green card lottery in the same year, despite applying every year for 9 years.   

Think about it statistically for a second, the odds of that happening is astronomically small.  This was a sign from the universe that stock trading was the way to financial freedom. 

Size of gains didn't matter if you could lose a similar amount on another trade.  What matters is the percentage of returns you can deliver on a consistent basis.  

He began developing panic attacks as a result and extreme aviophobia. 

Do you know what happens to your confidence when your average yield is reduced by 70%? 

Up to year 2008 many high frequency traders were exploiting the markets with scalping, causing large financial institutions to lose billions of dollars.  In response, Quantitative Analysts were hired to write algo programs to destroy retail daytraders.  

He was up $1,080 after earnings release and immediately got too cocky. By the time he went to the kitchen, drank orange juice, made a 5 min. phone call and returned to his computer,  the account was showing a loss of $5,500 from Kate Spade's reversal due to lower guidance. Lesson learned from not setting stop losses when away from the screen.  Situations can change quick!

Consistency of profits drastically increased after constant hedging and covering of open overnight positions.  

Having executed over 50,000+ trades in the last 16 years and analyzed over tens of thousands of charts,  Edgar is averaging triple digit returns on an annual basis as a momentum scalper.