February 14, 2023
Olga is Managing a $160,000 Trading Halt Strategy
“Protect the capital. Use small wins to build your cushion” That’s Olga’s Advice.
Let’s meet Olga R. From Germany
Olga has successfully passed our Extra Buying Power program and is now one of TTP’s funded traders, or as we call it, “Stock Star.” and managing $160,000 from the pool.
Every time he reaches 5 consecutive winning days, we will boost his buying power and max exposure.
We spoke with Olga about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.
Watch The Interview With Olga
An insight into Olga’s approach to trading
One of the key points that Olga emphasizes is the importance of protecting one’s capital. She suggests that new traders should not go too big and instead focus on making small wins that can be used to generate larger profits over time. This approach allows traders to gradually build their portfolio and minimize the risk of significant losses.
Olga also discusses her background as a trader and how she developed her trading strategies. She started with penny stocks and gradually moved up to blue chip stocks and other trading tactics until she found her own style that was profitable for her. She also emphasizes the importance of psychology in trading and how she has been learning about trading psychology from her mentor.
Olga’s strategy for finding the right stocks
Olga explains that she uses trade ideas and concentrates on top gainers and losers to get an overview of the market. She also uses level 2 data from a platform called “DAS Trader” to understand when a stock is going on halt and when it is time to enter or exit a trade.
Olga notes that her strategy typically focuses on penny stocks because they offer more opportunities for gains and her approach to trading these stocks involves monitoring the first “halt” that goes up or down and entering the trade based on that movement.
Discipline, patience, and risk management
Overall, Olga’s experience and advice highlight the importance of discipline, patience, and risk management in trading. Traders who are just starting out should focus on protecting their capital and gradually building their portfolio over time. Developing a solid trading strategy takes time and experimentation, and traders should be prepared to learn from their mistakes and make adjustments as necessary.
Have a mentor by your side
The conversation also emphasizes the importance of having a mentor or partner who can provide guidance and support. Olga has been able to learn from her mentor and review her trades together to identify what went well and what didn’t. This kind of feedback and reflection is critical for traders to improve and become more successful over time.
The video provides valuable insights into the world of trading and highlights the importance of discipline, patience, and risk management for traders who are just starting out. Olga’s experience and advice offer a roadmap for new traders to follow as they navigate the complex and challenging world of trading.
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