Aly Angel is a trader that focuses on fundamentals. Not many people do that, and even fewer people talk about it. She is an exclusively long trader, and she found her unique niche by relying heavily on statistics and research.

 

She described how warrants work, and how she takes advantage of the oversimplifications of this topic. She even accidentally shared a secret common misconception about the reverse split cycle that many people mess up on.

 

Aly described why she takes paper trading seriously and how she uses it to get more data and for emerging trends and new strategies. We talked about how she manages to remain flexible in an ever-changing market thanks to her research.

 

We had a fascinating conversation about the psychological nature of day trading and how our unresolved background issues affect our trading habits. Aly shared how she started her journey with a $1500 account and a tiny size that she couldn’t bring herself to increase even after her account grew substantially. She shared her personal trading struggles, her biggest losses, why she never shorts, and how she feels about PDT and revenge trading.

 

We talked about tracking trades for beginners and how to develop a working strategy. Her advice is to pick a trader who you think is you can emulate, research their successful trades to learn what to do and study their bad trades to learn what not to do. She also shared two questions that you need to ask yourself before committing to this strategy and that person.

 

If doing research to improve your trading is your cup of tea, this interview will be a goldmine for you!

What did you learn from this episode?