“I’m a beginner trader, afraid of volatility with small caps. Big caps, I could manage the risk better.”
Alper K., from Hungary, has successfully passed our $20K evaluation with only about 3 months of stock trading experience. He shared with us invaluable lessons, especially for those just starting their own trading journey.
In this interview, he discussed how he passed the $20K evaluation on his very first attempt with a prop firm, offering insights into emotional trading, risk management, and the importance of sticking to one’s strategy.
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Watch Alper’s Interview
Alper’s 20K Evaluation
In just three months, he’s able to transition from a novice to a funded trader, showcasing his drive and eagerness to learn quickly. Alper effectively managed to achieve a risk-reward ratio of 2.8, illustrating his ability to navigate the markets early on.
His journey so far shines on the critical aspect of emotional control and consistency in trading. He is very aware of the mistakes he made, and he mentioned that will no longer let the profit target dictate his trading.
Alper’s Trading Style
His strategy initially focused on big-caps like TSLA and NVDA, due to their less volatile nature, which he found the risk to be more manageable as a beginner.
He looks for breakouts, analyzing the strength of demand or supply zones, and aimed to trade based on the authenticity of these zones rather than market manipulation.
More About Alper
- During his evaluation, he showed off to his friends and caused distraction and later big losses—a valuable lesson for him
- Alper, is a relatively new trader with only 3-months of stock trading experience
- Learned a lot from this funded experience and will use it again on the next one
Alper’s Tips
- Choosing big caps over small caps: “I’m a beginner trader, afraid of volatility with small caps, the opening range, and it’s moving so fast, which is scary. Actually, big caps, has slower motions, and I have more self-confidence with that. I could manage risk also, it was better for me.”
- What he looks for in a trade: “I’m looking for breakouts and their source, identifying if the supply or demand zone is manipulated or real. If the zone is weak, I wait for the market to react and then anticipate a reversal. When people go long from a breakout, I look for shorts to catch the manipulation.”
- How his account got terminated: “I tried to make money, not following my strategy, and that was the problem. When I started losing money, I revenge traded. I didn’t follow my trading rules, my target was to make profit, no process, no strategy and didn’t follow my rules.”
Funded Trader (Alper), Closing Thoughts
Despite Alper’s termination of this account, he is determined to try again. He’s learned a lot from this 3-month experience. His next target is to get funded $20K, make some profit, and eventually buy a bigger account.
Michael reassured Alper that he has no doubt that he’ll become a funded trader again. His advice, remove distractions towards his desired outcome, like the P&L.
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