First Place (Day Trading): BEST 057 - Gustavo
BEST 057 - Gustavo
10 years experience as an Audit/Risk Management and Compliance professional.
Strategies Used/Additional Information: My academic background focused on long-term investing, portfolio management, fundamentals, etc. But I’m somewhat skeptical about trusting someone else with my own money long-term, so I decided to take matters in my own hands. So, I started learning about ‘day trading’ two years ago. I had to learn about technical analysis – which by the way should be compulsory in every Finance degree as it’s also part of the overall market. Not sure courses nowadays incorporate it but in my time no professor would mention it.
Since then, I tried the typical route of beginner traders such as penny stocks, indicators trying to look for the holy grail, paid ‘market tuition’, etc. But over the last 6 months I have been concentrating on options and fine tuning my strategy to fit in intraday options trading.
My strategy now is very basic and focus on volume, price action, supply/demand and a bit of tape reading. I have a basked of stocks that I track and trade all the time. These are mainly a mixture of the key economic sectors such as tech and financials.
First Place (Swing Trading): BEST 011 - Robert
BEST 011 - Robert
Strategies Used/Additional Information: I Commercialize in the short term with Call Options, due to the duration of 1 month of the contest. I Prefer values of high market capitalization and SP 500. I used short-term Technical Analysis.
Second Place: BEST 049 - Karthi
BEST 049 - Karthi
15 year's as an engineer in the I.T. industry
Strategies Used/Additional Information: I started learning Daytrading by reading Andrew Aziz' Book 'How to Daytrade for a Living''. Decided to take it seriously and joined Andrew's BearBullTraders (BBT) community in Sep 2018 (10 months before). I spent 7 months in DAS Simulator, and went Live in Apr''19 (under PDT rule). I am planning to fund my account fully in July. I wanted use the BestTrader challenge to simulate my Live month. So implemented my actual Trading Rules, Setups and Risk management. Hence I started very slow (small share sizes) in the first week and slowly ramped it up. In the final week, I had 3 max loss days and so I ramped down again. It is all about protecting my capital and not blow out the account. That's what BBT community is all about. The Lead Moderators Andrew, Brian and other moderators teach and encourage Consistent Trading. Like Andrew always says Day trading is a Marathon.
Third Place: BEST 080 - Aaradhana
BEST 080 - Aaradhana
Service Delivery Team Lead for Mimecast, Australia
Strategies Used/Additional Information: My education is in information technology but my experience and passion drives me towards finance management. After working for Credit Suisse as a trade floor support analyst, I started reading and getting to know more about trades and equities terms. Later in that year, during my holiday in India, I started reading finance management book. This was the start of a love affair with long- term investing and finance management. Outside of reading and researching I spend many hours fighting with bad guys in cloud space as she works as a Service Delivery team lead for cyber security firm called Mimecast in Australia. I believe in possibilities and not losing your sleep over investments. It’s not just what you earn is important, but how you save by avoiding bad choices and invest long term is equally important to grow your portfolio and wealth over the long term. My strategy is very simple and emphasis on great service driven, future technology, supply/demand stocks and improving emotional intelligence. I really enjoyed and appreciate all DAS ‘s learning videos, support and mainly training discipline tips. This experience was a great confidence booster and leap forward in right direction.
Get Ready for the Next Competition!
We are holding the Fall #1 Best Trader Competition September 3rd, 2019 - September 30th, 2019. We will have a 'bootcamp' for two weeks prior to the start of the challenge from August 15th, 2019 - August 31st, 2019. Click the button below to Register for the next #1 Best Traders Competition!Click Here to Register