“After a red day, it’s about rebuilding my confidence. The stock market always humbles me”
Morgan M., from the USA, has successfully scaled her account to $22K within her first year of day trading stocks. She’s also already received multiple payouts.
Despite an early setback in her trading career, losing $1,000 in her personal account, she remained persistent.
Morgan’s trading evolution, offer insights into short-selling strategies, the psychological battles of trading, and benefits of trading with a prop firm.
Could you be Trade The Pool’s next funded trader?
Watch Morgan’s Interview
Morgan’s 22K Funded Account Journey
Although she’s only been trading for less than a year, she is aware about putting an emphasis on discipline, writing down mistakes and extracting lessons from her losses.
With her funded account, she identifies opportunities with small caps and penny stocks, maintaining a risk-reward ratio of 1:2.9 and a success rate of 26%. She may not always get the win, but when she does, it is massive!
Morgan’s Trading Style
Her strategy revolves around shorting pre-market gainers, particularly momentum stocks. She identifies key resistance levels and uses Level 2 data to analyze order flow and market depth before executing trades.
Given the high volatility of penny stocks, she implements tight stop losses to manage risk while navigating the challenge of stop hunting.
More About Morgan
- Emphasizes the importance of trading without fear, suggesting that her best trades come when she’s not scared to make mistakes.
- Grateful for the daily pause, giving her a chance to just step away, and try again tomorrow
- One of Morgan’s key areas of focus has been managing her losses.
Morgan’s Tips
- When is the right entry?: “My entries are improving through experience. Many traders use different indicators, but I don’t rely on anything set in stone—I mainly focus on timing and execution. The only indicator I use is VWAP since stocks often bounce off it. I considered making it a rule to exit when price hits VWAP, but I didn’t follow it today. I’m still a work in progress.”
- How she short pre-market gappers: “I check stocks at certain times to see if they’re hitting a high or key level, like $6 or $6.50. If a stock runs up and slows down, I use Level II to assess interaction before taking a position. These momentum stocks can make major swings, and without a stop, they can get out of control. Accepting losses is hard, but it doesn’t always mean I made a mistake—the market moves in mysterious ways.”
- On thinking about losses: “I realize that if I stay in my head about it, it drags on longer. So I try to look at what I did—sit down, review my rules, focus on what went wrong, and bounce back. Today, I’m trading a little scared, but my best trading happens when I’m not afraid to make a mistake. After a red day, it’s about rebuilding confidence and getting back on the horse. The stock market always humbles me—it gives me a little humble pie.”
Funded Trader (Morgan), Closing Thoughts
Morgan’s journey is a story of learning beyond practice. As a trader, she focuses on managing trading discipline, self-awareness, and being an autodidact. Additionally, she benefits greatly from having a trading partner like Trade The Pool.
She is currently profitable in her scaled $22K account and have already received multiple payouts with Trade The Pool.
If you liked this post make sure to share it!
