"I Just Won a $100k Account" - Bilal, Matthew & David Interview
Summary
TLDRIn the Alpha Capital Summer Extravaganza at Casino Royale, David interviews Trader Matthew, who shares his positive experience at the event, emphasizing its educational value and exposure to diverse trading models and mindsets. Matthew, a Forex Factory user and economics graduate, discusses the importance of macroeconomics in trading, his journey from beginner to a strategy-backed trader, and the value of networking. He advises new traders to secure a job and be patient, risking only 2% per trade. With a goal to build a hedge fund, Matthew stresses the importance of consistency, averaging 5-10% monthly returns, and plans to trade conservatively once he secures a funded account.
Takeaways
- 😀 The event was an 'Alpha Capital Summer Extravaganza' themed Casino Royale.
- 🎓 David, who has a background in economics, found the event educational, particularly regarding different trading models and mindsets.
- 🗣️ Matthew, another attendee, appreciated the variety of speakers and the macroeconomic insights they provided.
- 🌐 Matthew is a regular user of Forex Factory and has a basic understanding of macroeconomics from his university studies.
- 💼 The number one tip for traders from the event was to have a job initially, as making money from trading takes time.
- 📈 Matthew emphasized the importance of taking time to understand trading strategies and models before going live.
- 🚀 Matthew's journey in trading has been rocky, starting with basic support and resistance techniques and evolving through education and experience.
- 🤝 Alpha Capital is appreciated for its approachable CEOs and welcoming environment, which contrasts with other firms.
- 💡 Networking and finding a group were highlighted as crucial for progress in trading.
- 💰 Matthew risks 2% per trade, which is considered a high risk by prop firm standards, but he believes it's necessary for rapid progression.
- 🏆 Matthew's ultimate goal is to build his own hedge fund, which he believes is achievable through consistent performance.
Q & A
What is the name of the event being discussed in the script?
-The event being discussed is the 'Alpha Capital Summer Extravaganza', specifically the 'Casino Royale' event.
How does David describe his experience at the event?
-David describes his experience as 'very good' and 'educational', appreciating the variety of trading models and mindsets shared by different people.
What did David find particularly enlightening about the event?
-David found the macro element discussed by the speakers, especially Joe, to be an eye-opener, helping him understand the importance of macroeconomic factors in trading.
What is David's background in relation to trading and economics?
-David has studied economics at university and is a user of Forex Factory, indicating a background in both trading and economics.
What advice does David give to new traders regarding making money from trading?
-David advises new traders to get a job since they are unlikely to make money for about 2 years, and to take their time to understand and apply trading strategies.
How long has David been trading and what has his journey been like?
-David has been trading for five to six years. His journey has been rocky, starting with learning support and resistance, and going through a phase of education and instability during university.
What does David appreciate about Alpha Capital?
-David appreciates the accessibility and approachability of Alpha Capital's CEOs, contrasting it with other firms where he didn't even know what the CEOs looked like.
What are the two key factors David identifies as helping him progress in his trading journey?
-David identifies finding a group and networking with people who know more than him as the two key factors that helped him progress.
What is David's risk per trade and how does it differ between his personal account and the funded account?
-David risks 2% per trade on his personal account, but on a funded account of 200k, he risks 0.5% per trade, which is 1K per trade.
What is David's long-term goal in trading?
-David's long-term goal is to potentially build his own hedge fund in the future.
How does David define consistency in the context of trading?
-In the context of trading, David defines consistency as achieving a steady monthly return, such as 2% to 5%, which he believes is key to reaching his goal of building a hedge fund.
Outlines
🎰 Casino Royale Event Experience
The speaker welcomes the audience to the Alpha Capital Summer Extravaganza, the Casino Royale event, and introduces David, who is attending the event. David shares his positive experience, highlighting the educational aspect of the event, where he learned from various trading models and mindsets. He particularly enjoyed the macroeconomic insights from a speaker named Joe, which helped him understand the importance of macroeconomic factors in trading. David, who has a background in economics, admits that applying this knowledge to trading is something he is still working on. He offers advice to traders, suggesting they should have a job initially as trading income may not be immediate. He emphasizes the importance of taking time to understand trading strategies and not rushing into live trading without proper preparation.
Mindmap
Keywords
💡Alpha Capital
💡Casino Royale event
💡Trading
💡Macro element
💡Risk management
💡Phase one
💡Funded account
💡Consistency
💡Hedge fund
💡Backtesting
Highlights
Welcome to the Alpha Capital summer event, Casino Royale.
David and Matthew discuss the educational aspects of the event.
Matthew finds the event exciting and appreciates the variety of trading models and mindsets.
Speakers like Joe are praised for their macroeconomic insights.
Matthew's background in economics and his use of Forex Factory are mentioned.
Matthew emphasizes the importance of applying macroeconomics to trading.
His top tip for traders is to have a job while they learn to trade.
Matthew advises taking time to understand trading strategies before going live.
He shares his personal trading journey, starting with support and resistance.
Matthew's first trading account was a small £80, which he lost.
After university, Matthew developed a back-tested strategy and is ready for funded accounts.
He appreciates the accessibility and welcoming nature of Alpha Capital's CEOs.
Matthew's advice is to find a group and network with knowledgeable people.
He discusses his risk per trade, which is 2% for personal trading.
For funded accounts, Matthew risks 0.5% per trade.
Matthew's goal is to build his own hedge fund in the future.
He believes consistency is key to achieving his goal as a trader.
Matthew's average monthly return is 5-10%, sometimes reaching 20%.
The event concludes with a call to action for viewers to subscribe and like the video.
Transcripts
welcome everyone back to the alpha
Capital summer extravaganza the Casino
Royale event and we are joined by one
and only bow in attendance today we are
here with David with Trader C Matthew
how you doing man I'm good thank you how
are you I'm good thank you well how did
you find the event it was fun exciting
oh yeah it's been very good yeah what
did you enjoy about it oh it was very
educational like different people's you
know models and different people's ways
of trading and their mindsets is really
intriguing event has been excellent man
it's been it's been a real eye opener
we've had some great speakers a good
like variety of of speakers yourself Riz
um Joe Joe especially I really enjoyed
the macro element and it made me really
understand like the the differences and
like yeah the macro importance in in
have you ever sort of used macros before
yeah you know I'm I'm a I'm a good Forex
Factory user you know every time there's
there's red us I know it um but I to be
fair I've studied economics in uni so I
I've understood like a bit but the
application is something that I'm
definitely working on so that was like
an eye opener on how to actually apply
it to our trading what would you say
your number one tip for Traders would be
get a job you ain't going to make money
for like 2
years and then when you do then you can
replace for 9 to 5 with trading yeah but
until then you need a job um take your
time like all I say is just take your
time cuz a lot of people think you know
oh yeah I can easily make 10K or 5K but
in all realness it's all about your your
strategy or whatever model whatever you
want to call it like if you fully
understand how to trade then take your
time even take your time of phase one
phase two because once you're live and
you know a simple 0.5% risk potentially
I don't know uh get 10% buffer and start
risking 1% easy you consistently bring
in income and you're not necessarily
going to be cuz if you let's say for
example right if you're Rising 0.5% to
blow your account fully you need to you
need to lose 20 trades if you're losing
20 trades in a row I don't know about
your model in it what would you say how
long you been trading for so I've been
trading for like five six years I
started like a year 10 yeah really yeah
wow what's that Journey been like for
you it's been it's been Rocky I can't
even lie it's been really Rocky um I
started where we all start support
resistance you know cuz one of my
friends was in uh multi-level marketing
so I saw the trade inside and I was like
o what's that so I wanted to teach
myself went on YouTube um I did that
blew my first account happy to say you
know it was £80 um all the way back then
and to me that was the world um but yeah
after that I went through school I
couldn't I've never really focused on it
properly and then uni as well was really
shaky but now I finished uni and I've
got a strategy that I back tested quite
a bit I'm ready to really take on those
funded accounts what what do you like
about Alpha Capital oh um I love how we
could just literally talk to the CEOs
literally because you know I've been
with other firms right and ien I don't
even know what they look like whereas
Alpha I can literally see them speak to
them shake hands with them yeah it's
very they're very welcoming as well very
like yeah passionate about what they do
so I really respect so far in your
journey what's one thing that really
stuck out to you that helped you to
progress um two things finding a group
and networking with people who know more
than you um I think it's it's really
important to ask for help especially in
like technological day and age it's a
lot easier to get to get to that 100K
payouts in like sum of payouts or or
even part a challenge because there's a
wealth of knowledge with a lot of other
people so just being like open and and
humble and approaching people and being
like cool I actually need help what's
your advice on this area and then
applying it as well how how much do you
risk per trade I risk 2% per trade
really yeah I don't see the point of you
see like that guy in the ballroom it
took six months to pass phase one I
don't see the point of wasting that much
time I risk 2% and I I passed phase one
in a month or I don't and my Edge shows
that I do pass in a month cuz I average
like 5 to 10% a month on average
sometimes we get like 20% but that's not
average and then yeah so I think for
prop firms 2% risk per trade is a lot
better but on personal obviously it's
different do you do 2% on the funded bit
as well no no no on the funded uh
on a 200k I'm risking 1K so 0.5% yeah so
yeah cuz the goal is to get the funded
account access to that 200k Capital yeah
and then trade conservatively what
what's your goal with trading what is it
that you want to achieve as a Trader oh
that's a good question um my goal is to
potentially build my own hedge fund in
the future yeah yeah that's that's my
goal what's it going to take to get
there I'll just say consistency cuz one
thing like I heard even today at the
event 2% consistently a month
like even I'm pretty sure hedge fund
people literally do that monthly and me
personally I average like 4% 5%
sometimes 10 sometimes higher but yeah
like just the consistency approach
within you know the trading side of
things yeah that's that's I think that's
the only thing I need to do to get there
yeah I love yeah thank you Matthew thank
for joining us hopefully see you at the
next event as well everyone at home hit
subscribe hit like there will be other
videos from the event on screen and
until next time take care
Ver Más Videos Relacionados
5.0 / 5 (0 votes)