Meet @TAGRtrades, Alex, a 27-year old, Texan day trader. For the last four years, he’s been trading full-time, and has recently really begun to hit his stride. After going into 2017 with an account balance of just $32k, Alex has closed the first quarter with a $49k gain, more than doubling his starting balance.
While Alex is a small-cap momentum trader, he also takes most of his trades on the long side—unlike the majority of previous guests that trade in this space. Needless to say, we get into his reasons for taking a different approach…
We also chat about diving into full-time trading, the major lessons learned in the early stages of trading, how he manages trades, and why journaling has been one of the most helpful habits to improving his trading.
What’s Covered in This Interview:
- How a series of events lead to a single-trade gain of $17k and Alex quitting his job. And the realization that it was mostly just beginner’s luck…
- Staying afloat without a profitable month for six months straight, and reflecting on the biggest and most important lessons from the early days of trading.
- What Alex calls his ‘Grade A setups,’ managing positions and how to increase size through a sequence of scales, as well as the ongoing goal to trade flawlessly.
- Journaling—why it’s been so helpful for Alex, the types of observations that can be revealed through trade data, and his goals for the future.
Links and Resources:
- EP 039: Tom Dante
- EP 082: Futures Trader 71
- EP 104: Alex, @AT09_Trader
- Edgewonk.com [Discount Code: Traders]
- @TAGRtrades [Twitter]
- TAGRtrades.com
