Alyse Amores is proof anyone, with enough determination, can make it as a trader. With the odds stacked against her being a single Mom holding down full time job, as well as a side hustle driving for Uber and Lift, she was able to take her starting capital of just $300 to trading a 7 figure account in just 5 years.
But how she did it is probably not what you think, and holds a lesson for any trader regardless of your tenure.
On top of this Alyse was kind enough to break down what she does on a price chart. This is top level trading at its best, so be sure to watch it.
Podcast Interview
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Interview Link
Instagram – @alyse_themv
Twitter – @alyse_themv
Recommended Books
Best Loser Wins by Tom Hougaard
Unknown Market Wizards by Jack Schwager
Broker & Platform
TradingView
MetaTrader 4
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Key Lessons
[17:42] We all have the same lessons along the way but how quickly you change and correct those determines how quickly you get to pass it.
[19:00] Risk reward and risk management only works if you are following it. Knowing it and doing it are two different things.
[22:03] If you do lower risk-to-reward, you have to have a higher win rate.
[29:55] The longer you trade the more you see different market conditions.
[37:03] If you’re working towards being a millionaire, imagine what that mindset is like now and be that person now.
[38:33] Trading is a journey where you learn a lot about yourself.
[49:30] The biggest thing that trading other people’s money taught me was accountability.
[50:09] You have to take responsibility for how you manage your trades.
[57:54] Trade Management is one of the most underrated skills in trading.
[61:32] Start learning in changing your relationships with money.
