18 year old - Equities trader - AMA

18 year old with a keen interest in the equities market

AMA

When you say your a trader, as in a retail trader?

Affirmative , I don't qualify for professional trader status
Just yet.

Been retail trading for the past 15 months

If your 18, you shouldn't have a 15 month track record...

All the stats say over a long enough time horizon retail taders lose money, if you are 18 I would suggest you invest & educate rather then trade. If you want to trade professionally go to uni work bloody hard, get internships and try and get a job on the desk of an industry trader.

I've been taken under the wing by a family member.
He is a 7 year old veteran in spread betting

I originally traded in my mothers name (IG spreadbetting) - So it didn't mess with her taxes
I've also coded my own proprietary strategy with a winning success rate ( tested on a demo account and historical data) , I also invest in any gains into my ISA that I opened this year.

hmm
Im not going to encourage any 18yo to trade. The realities of understanding the complexities of volatility and developing a balanced long-short portfolio capable of alpha when things are going well & covering bad spots in other positions is hard, very hard (especially for individuals).

Im not going to say fair play, as I think its high risk and I dont want any young adults to lose money. I would invest. The reality is if you put your money in a LISA you would make 25% up to invested £4,000/year with 0 risk.

If you have a passion for the markets try and get a job in it, you will work with people who have traded the big situations over 20 years & these institutions have developed strategies that mitigate risk and run big when all goes to plan.

With all do respect, Im sceptical your proprietary algorithm can stack up. The realities are any program you built cant compete with the market info. Professionals have teams of maths, compsci, & finance grads from every Oxbridge, Ivy & HYPSM uni and have spent decades developing their infrastructure.
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Just curious tho what platform did you build this program on?

If your 18, you shouldn't have a 15 month track record...

All the stats say over a long enough time horizon retail taders lose money, if you are 18 I would suggest you invest & educate rather then trade. If you want to trade professionally go to uni work bloody hard, get internships and try and get a job on the desk of an industry as a professional trader.

Are you taking your A Levels at the same time?

Are you a moderator on /r/wallstreetbets?

What are your plans for after your A Levels?

What resources would you recommend to someone interested in trading? How did you build your capital to start trading? Thanks

The majority of the information you will find on YouTube is useless. I recommend reading professional traders past journals and try and find an experience hand in the markets . Don't pay for anything as more likely than not it's a scam.

I built my capital initially by trading weapons in CSGO and rune scape lol

If you wish to be a trader, why is your avatar Warren Buffett?

He is a notorious investor who doesnt trade. He advises against it all together.

I could change it to Navindar Sarao but Buffet is a better known face . He may not be a trader but is a model for financial freedom.
Not many traders are well known as compared to investors