College Student Made 6-Figure Profits with THIS Trading Strategy | Adam Raposa
Dec 14, 2023
auto_awesome
Adam Raposa, an opportunity trader who looks for potential gap ups and gap downs, discusses how to find trade ideas, analyze stocks using news research tools, develop profitable trading strategies, and be efficient in part-time trading. They also talk about transitioning to options and futures trading, lessons learned from major losses and big wins, tools and resources for trading, continuous learning, finding mentorship and developing relationships, the importance of being part of a trading community, and transitioning to full-time trading.
Adam's trading strategy focuses on finding opportunities in the stock market through gap ups and gap downs caused by fundamental catalysts.
Adam utilizes a combination of macroeconomics, fundamentals, and technical analysis in his research and analysis process.
Being part of a trading community provides support, motivation, and accountability, leading to greater success in trading.
Deep dives
Trading Strategy and Approach
Adam discusses his trading strategy as an opportunity trader, focusing on generating ideas from real-world observations and using financial instruments to capitalize on them. He started with stocks but shifted to options due to their leverage and ability to hedge positions. He also mentions using futures trading more recently. He emphasizes the importance of finding edge in options trades and managing risk by knowing the maximum potential loss. Adam mentions being a reactive trader, looking for key levels and confluences, and taking advantage of gaps in the market for high-risk, high-reward opportunities.
Research and Analysis
Adam uses a combination of macroeconomics, fundamentals, and technical analysis in his research and analysis. He pays attention to economic data releases and key events, looking for catalysts that can impact the market. He discusses how he plans his entries based on key levels and confluences, leveraging options contracts to profit from price movements. He also explains using level two and time and sales data to gauge liquidity and options pricing. Adam emphasizes the importance of precision in trading and trusting key levels and strategies.
Risk Management and Lessons Learned
Adam reflects on the evolution of his risk tolerance, taking on more risk as he gained experience and responsibilities. He shares experiences of significant losses and wins, highlighting the importance of managing risk and being mindful of capital preservation. Adam also discusses the value of mentorship, mentioning his relationship with Oren and the impact it had on his trading journey. He emphasizes the benefits of being part of a trading community, surrounding oneself with like-minded individuals, and holding oneself accountable to trade plans.
Trading Community and Support
Adam emphasizes the importance of being part of a trading community, as it provides support, motivation, and a sense of accountability. He mentions the value of surrounding oneself with consistent traders and individuals who share similar goals. Adam highlights how being part of a community helps combat the isolation of trading from home and provides opportunities for sharing ideas, gaining perspectives, and learning from each other. He believes that being in a supportive community contributes to greater success in trading.
Transitioning from Part-Time to Full-Time Trading
The speaker discusses their journey from part-time trading to full-time trading. After graduating from college and considering joining a big bank, they decided to fully dedicate themselves to trading. While their family had concerns about the risks and challenges of trading, the speaker believed in their abilities and wanted to set an example for their younger siblings. They emphasized the importance of being competitive and proving to themselves that they can achieve their goals.
The Role of Finance Degree in Trading
The speaker shares their experience of having a bachelor's degree in finance and how it has benefited their trading career. While they acknowledged that a finance degree is not necessary for successful day trading, they mentioned that it provided them with perspective on how larger financial institutions think and make decisions. They highlighted the value of understanding economic calendars, macro and microeconomics, and portfolio management. They also mentioned that their finance background helped them identify where institutions may enter trades, and they shared their interest in running their own hedge fund or joining a trading team in the future.
Adam (IG: @adamraposa) is an opportunity trader who looks for potential gap ups and gap downs due to fundamental catalysts. He is very efficient in finding the right stocks to trade, and he often looks into options and futures to generate higher profits for his trade ideas.
In this podcast, you will learn:
- How to find trade ideas and spot profitable opportunities in the stock market
- How to analyze a stock using news research trading tools
- Trade planning process to develop a profitable trading strategy
- How to be efficient in part-time trading
--------------
Day Trading with Humbled Trader: https://bit.ly/yt20231214
✅My REAL Social Accounts:
IG: https://www.instagram.com/humbledtrader/
TikTok: https://www.tiktok.com/@humbledtrader
Twitter: https://twitter.com/HumbledTrader18
FB: https://www.facebook.com/HumbledTrader
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
