In a recent interview with TFT, accomplished trader Alex Trabanino shared his journey into the world of trading.
In a recent interview with TFT, accomplished trader Alex Trabanino shared his journey into the world of trading.
In a recent interview with TFT, accomplished trader Alex Trabanino shared his journey into the world of trading, shedding light on the ups and downs that have shaped his success. The conversation delved into Trabanino’s background, initial motivations, and the pivotal moments that defined his approach to trading.
Trabanino, hailing from Philadelphia, embarked on his trading journey in 2018, initially influenced by a network marketing company, IML (International Markets Live). Drawn to the idea of turning his phone into an ATM and living the trader lifestyle, Trabanino joined the industry with high expectations. However, the reality proved more challenging than anticipated, leading him to drop out of university to focus solely on trading.
The early days were marked by struggles typical of a novice trader—lack of a structured plan, risk management issues, and a tendency to overtrade. Trabanino acknowledged his initial attraction to various trading strategies but emphasized the importance of mentorship in shaping his understanding of the market.
Trabanino honed his skills over the years, focusing on supply and demand, top-down analysis, and market structure. However, it was a game-changing moment in March 2019 that truly defined his trading career. Depositing $500, he turned it into an impressive $119,000 in just one week. While this success showcased the potential of trading, it also brought challenges, including the development of bad habits like overleveraging.
Having achieved a goal of $100,000 in the previous year, Trabanino now aims to hit $1 million in the current year. He attributes his confidence in reaching this ambitious target to the solid foundation he has built over the past four and a half years. With a focused strategy, plan, and mindset, Trabanino sees execution as the key to achieving his goals.
For those starting to trade or facing challenges, Trabanino offered valuable advice. He emphasized the importance of focusing on the process rather than immediate results, maintaining discipline, and implementing sound risk management. Stressing the significance of a set plan and disciplined execution, he urged aspiring traders to stay focused on their long-term goals.
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