Ali Trades shares his journey from being a broke 17-year-old to becoming a profitable trader. He started with a $3,000 trading account and quickly lost it all due to lack of knowledge.
He then started doing video editing work to save money and fund his trading accounts. After multiple failures and learning experiences, he finally found success by journaling his trades and focusing on precision in the markets. He eventually got funded and turned a $5,000 account into $130,000 in just three days.
Ali also discusses the importance of fundamentals in his trading strategy. He explains his entry and exit strategies, including his use of order blocks and trend lines. He shares his journey from a $67 bank account to achieving financial success through trading.
Podcast Interview
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Interview Link
Instagram – @alitrades
Ali’s Trading Strategy
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Key Lessons
[25:42] If you have your fundamental bias, you’ve already eliminated whether you’re going to buy or sell, you know your direction.
[26:16] When you have high volume, that’s when you hit it.
[27:32] Everybody thinks just because you had one massive push that the trade is gone and the spreads do tend to close within, you know, the first 2 minutes.
[30:37] Within the first 5 minutes of that news being released, you should be able to identify if you’re going to find new entry or if it’s going to take a while.
[34:00] If you cannot just look for the first time at the chart and be like, this is in a good area, then it’s probably not worth taking.
[35:38] If you do your due diligence on the charts and you really apply yourself it, that’s when you make the bridge.
[36:55] The precision in the markets is what really allows you to take things to the next level.
[37:12] The ability to actually execute is what separates traders from gurus.
