How a Trader Turned $35,000 Into $1,000,000 in 55 Days (2024)

In a time when many traders fear the bear market of 2023, Alex Temiz has emerged as a beacon of inspiration, successfully turning $35,000 into a jaw-dropping $1,000,000 in just 55 days, the fastest that any day trader has ever done it that shared it publicly.

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I recently chatted with the founder of My Investing Club and an accomplished day trader. In a one-on-one conversation, he shared his insights and strategies, offering invaluable lessons for those seeking success in a challenging market environment.

The Road to Success

Alex’s small account challenge began with a simple goal: to demonstrate to his students and followers that immense gains are possible in a bear market with the right mindset and strategies. By focusing on short-selling overextended stocks and capitalizing on quick intraday moves, Alex was able to make the most of the increased volatility that characterizes a bear market.

When asked about the specific techniques employed during this remarkable feat, Alex emphasized the importance of these three things when identifying high-probability setups:

• technical analysis
• price action
• market sentiment

He also underscored the crucial role ofrisk management, highlighting the need forstop-loss ordersand adherence topredetermined risk-reward.

Hitting Hard When It Matters Most

Among Alex’s talent and skill, his “appetite for risk” is the one skill that has set him apart from other day traders. Alex has demonstrated for years that his ability to find the “stones” to push the pedal hard when the opportunity appears great is unmatched. During this small account challenge, he made monster trades, earning him $350,000, $184,000, $102,000, and many others over $10,000 in only hours. Yeah, you read that right – hours.

Here are a few, starting as early as eight days after he starts the small account challenge:

Many traders seek out the “unsung heroes” in the stock market. They want to find those stocks that no one is talking about and buy them, hoping that others catch on to the opportunity they saw. Well…not Alex. Alex’s biggest trades have always been on the most talked about stocks at the time. He thrives where others are hesitant and gullible. If everyone talks about the stock everywhere you look, you can bet that Alex is trading it and is probably walking away daily with huge profits.

His biggest profits have come shorting the biggest sector crazes and most hyped stocks since 2016, the first being the shipping sector with his short on $DRYS. Then it was $TSLA in 2019. Then, again during the r/wallstreetbets craze with $AMC and $GME, where he made over $600,000 in a single day.

Inthis interviewfrom November 2016 with Aaron Fifield of Chat With Traders, Alex proved he had an appetite for risk early in his day trading career, posting profits of $100,000+ in one day. Like all of us, Alex is not immune to losses, some so large that it’s hard to fathom how we recovered.

Getting Losses Under Control

Alex was taking some monster losses in his early days while pushing that pedal. Here are a few of the most notable ones:

When I asked Alex how he nearly eliminated days like these, he laughed and told me it wasn’t easy. He shared that one of the most obvious was discipline in his trading, starting with his morning preparation for the market. He would wake up at 4:00 AM EST to be able to watch every movement in the market and spend ample time researching the stocks he was looking to trade that day. This research included technicals, such as different charting techniques to find support, resistance, and overall trends, and even fundamental research, like reading SEC filings to find edges.

The Birth and Enactment of the Zombie Rule

The one thing that he said had the most immediate impact on his trading was the “Zombie Rule.”The Zombie Rule is a rule that Alex and Bao Nguyen (@Modern_Rock), another founder of My Investing Club, discovered in 2016. They noted that stocks that most day traders were trading would be trading somewhere near the low of the day after the first hour, and it would start to consolidate and build strength in favor of the bulls at 10:30 AM EST. The hypothesis is that as more and more short sellers who were either late to the game or greedy got involved in the stock, funds and market markers would use algorithms to start to buy the stock. This buying would eventually trap the short sellers, forcing them to realize huge losses.

When Alex enacted this rule into his trading strategies and respected it daily by walking away from the computer at 10:30 AM EST, he walked away profitable 97 out of 100 days, or 97%. That concluded that most of his losses came from “fighting the trend.”

Alex and Bao felt inspired to share this edge with other day traders and create a space for all traders to receive support from a community of like-minded traders. Thus, My Investing Club was born.

The Power of Education and Community

Alex attributes his success in the small account challenge to his extensive experience in mentoring and teaching through My Investing Club. The platform has allowed him to refine his trading skills and provided a supportive community of like-minded traders whom he holds himself accountable. This collaborative environment fosters continuous learning and growth, proving invaluable in developing effective trading strategies.

Since opening its virtual doors in 2018, My Investing Club has skyrocketed to the internet’s most popular day trading community and continues to grow. If you would like to join the community, click here.

A Blueprint for Aspiring Traders

For those looking to emulate Alex’s success, he offers several pieces of advice. First and foremost, aspiring traders shouldprioritize education and develop a strong foundation in trading principles. Next, they mustfocus on risk management and develop a clear plan for each trade. Finally,maintaining discipline and continually refining strategies based on experience is essential for long-term success.

Alex also shared his thoughts on the importance of emotional and psychological resilience in trading, especially during turbulent markets. He acknowledged the role of technology and advanced trading tools in his recent achievement. He recommended tools and platforms that could benefit other traders, such as having the right broker like Success Trader.

Conclusion

Alex Temiz’s incredible accomplishment is a powerful reminder that success in day trading is attainable, even during the most challenging market conditions. Through discipline, knowledge, and the support of a strong community, Alex has transformed a $35,000 investment into a $1,000,000 windfall, providing invaluable lessons and inspiration for traders everywhere. With his continued guidance and the resources available at My Investing Club, the future looks bright for those willing to put in the hard work and dedication required to master the art of trading.