Eric enjoys trading news flow, such as earnings reports, and values Trade The Pool’s feature to monitor overnight earnings. Despite facing numerous setbacks during his evaluation, including being too contrarian during the election, daily pauses prevented his account from being terminated.
He bounced back from near draw-downs by dedicating more time to Trade The Pool, treating it as a primary account. This change led to a significant rally that ultimately got him funded.
In addition, Eric focuses on trading around news events, both for large-cap stocks like Tesla and smaller penny stocks. He adjusts his strategies based on the stock’s nature, such as setting an anchored VWAP for penny stocks post-news events.
Tip 1
Strategy for small caps
I track the news as to why they might be popping, go back and look at their historical reaction after; and then I'll often set a like an anchored VWAP to the high of that news event. Then trade off often around that, usually under it to the downside.
Tip 2
For those thinking of Joining TTP
Take your time, that's a nice thing about Trade The Pool, it allows up to 45 days. Before you get into any trade think about your target, your stop and allocate shares accordingly.
Tip 3
Journaling & TTP Advantage
Every day I write down in my notebook: patience, size, stops, and patience again. I want to work on taking advantage of being on the right side and cutting losses when I’m wrong. The Trade The Pool platform is nice—it lets you set those up early on and be systematic.
