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B The Trader

Interview With A Profitable Trader - Kyle Williams

07 Dec 2019

Description

Kyle Williams discovered stock market trading in June 2016 and dove straight into it. It took him 12 months to become profitable. 3.5 years later he's up $115,000, so now he's teaching other people how to do it. Still a college student, Kyle gets up at 5.30 am to trade (he lives on West Coast), then goes to school and has a normal college student life. He shared how he structures his day to be able to trade and monitor the market while maintaining a full schedule. We chatted about Kyle's journey as a beginner trader struggling to become profitable. We discussed trading strategies that he used back in 2016, and how he managed to learn the market and become consistently profitable within just one year. We talked a lot about the mental, monetary, and planning aspects of increasing risk over time. He shared how much harder it is to risk 1% once your trading account grows and how he's pushing himself to accept that the same 1% represents that much more money. Kyle compared his current strategies with the setups he used to seek out at the very beginning. We talked about feeling confident about the benefits of starting with 1 or 2 setups instead of chasing tempting experiments and spreading yourself too thin looking for multiple trades and untested strategies. What did you learn from my interview with Kyle and what do you think about his trading path?

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