Meet Hank
Hank is a cyber security professional with over 20 years of experience. He is currently an active full-time day trader, and he still embraces the geekiness of his career in information technology but now applies it to his personal endeavors.
Hank lives on the East Coast and comes from a moderately sized family with two sisters and one brother. His lifestyle revolves around family, spending time with friends, and traveling, a newfound passion for him.
For fun, Hank is an avid hardcore gamer and a passionate saltwater fish enthusiast.
Hank’s day trading journey
Hank's trading journey began at the age of 11 when he first encountered a technical book on stocks. His father, wanting him to focus on school, advised him to put it aside. In his late 20s, Hank dabbled in investing and started taking it more seriously as he grew older. His success in trading didn't begin until he started respecting risk management, which he identifies as the key to his success.
Tell us about your style of trading and anything unique that you specialize in.
Hank specializes in identifying overbought or oversold equities. He has a niche for overbought trades and finds shorting them very lucrative, provided one is willing to continually learn and practice patience for the right entry. Before focusing on shorting, Hank was only long-biased, primarily because of the perceived risks associated with shorting. He believed that the market only goes up, but eventually learned that it fluctuates significantly, and as a trader, he operates within those fluctuations.
What was one of your biggest/hardest trading losses, and what did you learn from it?
Hank's largest loss occurred when he bought AAPL stock long post-earnings after hours, which turned out to be a mistake. Despite the company having one of its best earnings, the stock did not rise as expected and instead sold off at the open, continuing to drop for several months. Hank bought at the top, influenced by the news of Warren Buffet trimming his position. This experience taught him valuable lessons about market unpredictability.
Tell us about one of your most successful trades or trading days
One of Hank's most successful trading days was during the COVID period when AMC's stock price plummeted to just over a dollar. Seeing it as extremely oversold, he purchased shares before the close, initially as a long swing position. Remarkably, the stock surged to about $8 in the after-hours session and reached around $20 the next morning. Hank closed his position, securing one of his largest profits in less than 24 hours, a testament to his patience and strategy for entering trades.
How did you become connected with Humbled Trader, and why did you decide to join the team?
Hank discovered Humbled Trader while seeking information on YouTube. He resonated with Shay's realistic portrayal of the early challenges in trading, such as improper risk management and account blow-ups. Her authenticity and refusal to sell pipe dreams prompted him to join the community.