Alper, is a relatively new trader with only 3-months of stock trading experience. During his evaluation, he showed off to his friends and caused distraction and later big losses—a valuable lesson for him.
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 looked for breakouts, analyzed the strength of demand or supply zones, and aimed to trade based on the authenticity of these zones rather than market manipulation.
Tip 1
Choosing big caps over small
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.
Tip 2
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.
Tip 3
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.
