The romanticized idea of traders is often depicted as a world filled with unlimited money and crazy wealth with a tad criminal plot. We blame The Wolf of Wall Street for it. Now, wealth may be accurate, but not how the character gets there: by cheating and sacrificing morals.
For three young men from working and middle-upper-class American families, trading was not the path their parents took to provide them with a better life. Dom Mastromatteo, Michael ‘Huddie’ Hudson, and Kyle Williams started their first jobs as waiters and door-to-door salesmen before taking a chance with day trading and founding a community-based trading learning platform, Clover Trading.
Experiences that Shaped them Young
Each of Clover Trading’s founders brought their grit to achieve success in trading.
“I was struggling to find something that I wanted to do even when I was always moderately good at anything that I tried to do. Nothing quite sticks until I discovered penny stock trading in 2016,” Mastromatteo recalled. “I never looked back to when I made my first profit within ten months after I decided to trade. This is what I want to do,” he was convinced.
Mastromatteo’s overall profit has now reached $1.7 million, with an average gain of $546 per trade, demonstrating his consistent success.
However, sometimes, being convinced about something you want to pursue a career in is not enough. It needs outside affirmation. That brought Mastromatteo to pair up with Huddie, an ex-door-to-door salesman with a degree in Finance and Economics, who turned $25,000 into $1.3 million in less than seven years. “We teamed up in 2022 and started a trading education business, HuddieandDom. This was the earliest version of Clover Trading,” Huddie said.
Huddie’s trading performance speaks for itself, with an all-time profit of $637K and a consistent average gain of $148 per trade.
On the other hand, Williams grew up knowing money and wealth management thanks to his insistence that his parents gave him allowance for every chore he did. His parents met him halfway, offering that he put his savings into a mutual fund, which he managed to pull off after he realized that the fund had significantly dropped in value after the infamous market crash in 2008.
“After losing 70% of his $6,000 trading account over the first year, I finally found my main edge in shorting stocks. I refunded my account and got to work,” Williams said. Over the next seven years, he turned that money into over $4.8 million in trading profits, boasting an impressive 60.36% winning trades rate and an average gain of $1.7K per trade.
Why Day Trading?
Demystifying the notion around trading, especially day trading, can be done through a real experience shared by a legitimate trader. All three of Clover Trading’s founders had this in their pockets.
“Our proven approach is to pair up our capabilities in trading with other seasoned traders. All of us are present under Clover Trading, with track records that can be checked on a site called Kinfo,” Williams said, explaining how Clover Trading can connect only legitimate traders with aspiring traders.
The barrier to entry is low with day trading because education and resources are free on the Internet. However, discipline is a non-bargaining chip that most people need help to succeed in day trading.
“We believe that when you are in a community, the one like the three of us are in, learning and training together, day-in and day-out, it will stick as there will be people to support you,” Mastromatteo explained.
Becoming a Risk-Taker
Day trading differs from regular trading in that a stock is held for a particular time in regular or positional trading, whereas in day trading, the positions are closed at the end of the day. This makes the risk of day trading bigger.
In addition, day trading does not offer a fixed salary. A day trader must regularly deal with profit and loss for years. The only way to profit is by quickly selling assets from falling stocks.
“Imagine having to do this every day. It will be isolating unless you find your tribe,” Huddie said, which is what Clover Trading intends with the suits of resources to learn. There are videos, podcasts, and training materials that can be accessed for free and next to nothing.
By making trading accessible for anyone to learn, the three of them opened the pathway of the trading community as a tool for future day traders. They do it in a refreshing way for older traders as well as attractive for new, younger traders. The myth around how day trading is easy money was quickly eliminated and moved to the idea of trading as a fun vehicle to generate better income.
Published by: Khy Talara
