What this day trader learned, 4yrs after abandoning secure job · @TAGRtrades
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- Опубликовано: 16 май 2024
- EP 119: What this day trader learned after four years of abandoning a secure job - Alex, @TAGRtrades
Alex (@TAGRtrades) is a 27-year old day trader, from Texas. He’s been trading full-time for four years, and has really begun to hit his stride. Alex closed Q1 of 2017 with a $49,000 gain, after going into the year with an account balance of $32,000.
He’s a small-cap momentum trader, but unlike most guests who I’ve had on previously that play in this space, Alex takes the majority of his trades on the long side. So naturally, we chat about his reasons for this…
We also chat about; the leap into full-time trading, key lessons Alex learned in the early stages of his development, how he manages trades, and why journaling has been immensely helpful.
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Show notes: chatwithtraders.com/ep-119-al...
Thanks Aaron for your efforts. Your podcasts are a wealth of knowledge.
A trader that never blew up an account..Awesome!
Chat with traders is invaluable education and living experience. Amazing material. I already know its something i'll look back at and say "these podcasts really helped me"
33:10 investing strategy start
U DA GOAT
yay for a day trader interview :) speaking my language
matt robinson lol were u not entertained by the high techno -mathematics of the AlgoTraders. I am with you.
riquenosis lol thought you were being serious at the beginning
I agree :) Aaron is clearly amassing a very broad and intriguing spectrum of interviews with traders across all time frames, angles, etc. I'm impressed that he interviewed Alex twice (2017 and 2018 respectively).
A lot of people are very quick to bash the intraday / day trading approach (calling it a scam and just noise etc.), but with the right discipline as well as honestly asking yourself if this fits in with your schedule and personality, it can be done.
I wonder if Alex took onboard some of Ross Cameron's approach to day trading regarding strategies, risk management, and so on.... just curious :)
Thanks bro you are the man. Love the interviews . Doesn't matter which instrument you trade still benefit from every interview love hearing about the people as well and their stories keep it up thanks
He knows himself and trusts himself. Plays his strengths. Good interview.
Hey bro i hope you're doing great, what about your trading now, if you would like to tell?
Great Interview...I'm burning through watching these! Thanks!
Such a good interview. Just discovered you and Love what you do man!
👏🏼👏🏼👏🏼👏🏼 lol - hey wife- I quit my IT Job- I’m now an investment banker
One of my favorite episodes to date!
i absolutely loved this interview. keep it up aaron
Brilliant podcast, glad I found your channel.
Very good interview. Thank you.
Good
1. Tips, Tricks, etc.
2. Journaling
Greeting from Ireland brother
.. great channel you have here with brilliant information for us beginners on our journey . Greatly appreciated 💪🏼
Great interview, great channel! Thanks!
great one ! keep it up
I want to commend the interviewer by digging into the guests answers....makes all interviews that much more appealing and worthy! nicely done
Love your video blogs interviews..keep going buddy and thanks from INDIA for all your encouragement..
Keep up the good work with your channel. I think it would be very beneficial to ask every guest their win rate and R multiple. This would not only put into context what they are sharing but speaks volumes in how they manage risk, deal with draw downs and losses.
My hit rate is only 40% yet profitable. This information is very encouraging for the traders who have many losses.
Lawrencel Cheung
Hey bro i hope you're doing great, what about your trading now, if you would like to tell?
@Chat With Traders Aaron, please, can you ask Alex this simple question? :
He mentioned that it is very beneficial to follow the guys that are good and it is a potential rabbit hole if you follow the wrong guys. I believe it is very important for us, beginning traders, to know from his perspective, which chat rooms are good to follow and which are not (from an educational perspective). I believe he has sorted them out and it is just mean not to tell us :)
Same goes for some book recommendations? Based on what he has actually tested.
Thank you!
hit him up on twitter he replied to me
Will do, thanks!
He most likely just doesn't want to call anybody out for having a bad chat but I think he should shout out the good ones.
Thanks Aaron for finding Alex and bring him on. Enjoyed Alex's Cash Flow concept and his mindset to seek a calm in what can be a very emotional environment. Good on you both.
God bless all future millionare traders
The bit about all the traders he knew who blew up - it shows a big strain of risk-taking in traders. Obviously you have to understand your risk - to avoid this situation, but.
BTW he mentions shorting natgas - yep I made a load of money in March doing that, then gave it *all* back over the next 2 months. I got out of NG, still solvent, but others kept their positions... This seems to be a bit of a rite of passage for traders
More than one trader has been burned by trading nat gas.......the widow maker!
18:30 some real shit
Alex, I wonder how do you deal with the t+3 rule if you are trading a cash only account ?
34:40 He still considers himself new to this even after 4 years. I focus on the psychology behind these traders. They keep on learning and don't consider themselves Gurus after 4 months.
"count my money, wash my hands" lol. Awesome
@nishant Could you please tell me how this company work with you i mean what is the profit sharing with the company. or risk is your only
Averaging down can be a good strategy if applied correctly.
so where is he now?
interview CIS! Get a japanese translator beforehand though
Aaron Fifield, a lot of people including myself wanna hear from Tradeitdon'tdateit @_lakai_
i know you reach out to him before but try asking him again, thanks.
Hey bro i hope you're doing great, what about your trading now, if you would like to tell?
i chose to work for 25 years secure a pension and medical benefits for life. swing trade on the side
Ramzy: This is a better choice: Just in case that you may ram yourself with your trading; at least, you can work it off. Did you take the lump sum pension?
"pension" LMAO enjoy those Thats a dying benefit Corporations can tell you to fuck off at any time and cut your pension if they have to
Yeah. Those under $1 stocks really suck. I have rarely made money trading them although I do try. Stupid of me.
Made the same mistake trying to learn forex and options haha
21:50 😀
Aaron is there a reason why you havent interviewed Ross Cameron yet? Its a pretty solid choice to go for interview.
I know people that are signed up to his room just to fade his calls and make good money off it. that's probably the reason why he isn't getting an interview
yeah he just pumps up low float stocks with no volume then sells into his sheep following his calls, the guys i know wait for him to call the low float plays then just hammer it on the short side. they don't keep it a secret either lol hes seen as a joke among the professionals
Because the legitimate trading world knows that Ross Cameron is a snake oil salesman,
janpec10 Ross Cameron is an illiquid pumper bullshit artist hahaha you're probably very new to trading
janpec10 Ross Cameron is no different than Jason Bond.... Total scam artists.
damb the same thing happend to me with Canadian pot stocks. yahoo message boards lol
Hey Alex hit me up I’m a local Texan and I’m Vibin with you man, you should try tradervue by the way you can import your train saves you a bunch of time
he said he wouldnt want his friends or childen trading becuase its hard... but i dont see whats so hard? are you selling your soul somwhere on a contract or somthing?
the process of trading it's not hard..learning to trade is hard:)
There is always the reality of losing everything in your account. That is called "hard" and not many professions include risk like that. Very few jobs can take your money...trading can if you don't cut your losses and learn how to lose well.
I don't understand how someone can be better at shorting than longing and vice versa. If you are playing by your rules when you are longing and your strategy is working, just apply those same rules on the opposite side and short the market.
It's about how you're comfortable.
And managing plays a role, short side trades different and faster then long side. A good trader trades both sides. But few can stay consistent. Beginners also have to think about high borrow fees which have to be calculated in profit potential. And unlimited risk. Some beginners get stuck in crappy stocks with halts that are active for weeks. And in short positions you can lose everything you have. With longs it can only go to zero
If only it were that easy
ok
I dont understand all the shade being thrown at Warrior Trading. I am enrolled, 1 year now, and ive learned tons and am profitable. I am not at the point of being able to quit my job but the point is what Ross Cameron teaches is what everyone teaches: Chart patterns and risk management. The most respected flag patterns i.e. bull flag, bear flag, head shoulders etc... this is material that you can learn on your own watching you tube videos but when you enroll in a program it shaves time of off your learning period. It all comes down to picking a teacher that is good for you.
Envy & fear of success
Then you havent dig deep enough
Will you ever interview Ross Cameron??
And ruin his reputation, lol, i think not. I promise you that Ross will NEVER be interviewed here, because real industry pros know the only thing he's good at is marketing his website.
Why did he interview Tim Sykes twice then?
Astro Fap because he’s made millions trading. hell even admit he makes more now from teaching but that doesn’t take away from his skill and strategy
I dont understand all the shade being thrown at Warrior Trading. I am enrolled, 1 year now, and ive learned tons and am profitable. I am not at the point of being able to quit my job but the point is what Ross Cameron teaches is what everyone teaches: Chart patterns and risk management. The most respected flag patterns i.e. bull flag, bear flag, head shoulders etc... this is material that you can learn on your own watching you tube videos but when you enroll in a program it shaves time of your learning period. It all comes down to picking a teacher that is good for you.
Seems alot of these big traders have never experienced big swings. Should have started in crypto - If i can survive the last 7 months in crypto. I will slaughter forex when the time comes
Hows your crypto doing bro 😁
@@asimw4100he quit
Woow tell both your parents and wife’s parents must’ve of been a great deal of stress !!
What a day trader learned 4 years after abandoning a secure job is that he never should have left the job
gaurav patil sounds like you didn't listen to the episode lol
Couldn't make out his Trading experience length but seem that it's superficial without depth and without large down patches. Je doesn't anyway resemble with a soldier who has been thru battles , gone thru injuries, gone thru state of uncertain future, uncertainty of survival, but cane out from many holes and still fighting fit. He talks as if he is teaching theory from books. Saying his trading resembled with best practices from best books. Waste of time. Record some real heros
*yawn* one month later, 'Alex' posts in his blog 'Been a while since my last post. Honestly got a little frustrated with my performance and really needed to put my head down and get to work on finding some solutions and glad I did as I was able to finish the month on a high note!'. If this guy is a 'professional' trader what hope is there for the rest??? WTF!
What do you think everyday is straight up? Trading is a VERY non linear career. Get over yourself, it's not supposed to be easy.
@@obomasinladen You should sign up to all his services ... lemming. 🤣
Nobody tells the exact methods of winning trades
Cuz there is no 1 method
But, still, never quit your day job with just 32k in the kitty.
eddyvideostar Very true.
what about 72k?
"But, still, never quit your day job with just 32k in the kitty." Tis working out for him so far, plus if you are that driven and passionate about the markets, as he appears to be then why not, as has already been pointed out, he's at $72 k now. Perhaps you are letting your own thoughts on risk cloud a dispassionate pov?
I would suggest he has developed the right psychology from being passionate and learning and reading everything he could get his hands on about the markets. Although he doesn't cover it, I suspect he has loss points where the bulk of his capital is not threatened when losses do occur.
"it was a stupid move to quit a steady job. he could have just traded on the side " In your opinion but in the end, it wasn't was it. As he stated he could have gone back, all is well that ends well. He'll need to adjust if or when this bull run comes to and end and learn a whole different set of skills. A lot of market wizards did crazy things but it worked for them and they made it work, so although it may not suit you, it can and does work.
WARNING!!! DONT DAY TRADE!!
I'm a trader for life