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Chat With Traders
291 · Sam Miesse - Small Cap Quant Trader Grows $10K into $3.8M in 3 Years
Nov 12, 2024
Sam Miesse, a quant trader who remarkably grew his account from $10K to $3.8M in three years, discusses the intriguing intersection of technology and trading. He shares how a background in predictive analytics inspired his foray into small-cap stocks and how he developed a rigorous trading model after extensive data collection. Miesse explores the psychological challenges of trading, particularly managing emotions during significant losses, and reflects on the meme stock phenomenon's impact on the market.
01:11:47
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Quick takeaways
- Sam Miesse's successful transition from tech sales to small-cap trading highlights the power of predictive analytics and systematic trading models.
- Despite achieving massive gains, Miesse faced significant risks, including a $500,000 loss, demonstrating the psychological challenges in trading.
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Becoming a Funded Trader
Trading with a firm's capital rather than personal funds offers a valuable opportunity for traders. By achieving specific profit targets while managing risk during a preliminary evaluation, individuals can gain access to substantial buying power, potentially up to $260,000. This model allows traders to retain a significant portion of their profits, sometimes up to 80%, while the firm assumes the risk. Such a setup can be an ideal pathway for those looking to maximize their trading potential without putting their own finances at significant risk.
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