He lost 20,000 US dollars in 15 minutes and finally turned the tide to establish
2024-07-08
In the financial industry, many people start to seek other spiritual paths after years of trading and entering a "moment of enlightenment." However, there is a trading master who is just the opposite. In 2001, his profession was a yoga instructor and yoga psychotherapist, but later he devoted himself to trading. By 2004, he had established his own fund company, managing over 10 million US dollars in funds. This trading master is the great Chris Capre, whom the editor wants to introduce to everyone today.
1. Coincidentally changed to trading
Before changing careers, Chris Capre had been in the yoga industry for 13 years. As a yoga therapist for more than 7 years, his main job was to help some traumatized people for rehabilitation treatment. In 2001, Chris Capre realized that yoga was not the best choice for the road to financial freedom, so he sought other opportunities. He began to learn about investment, to understand mutual funds and the stock market, but felt disappointed because these investments were limited in time.
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Chris Capre's change to trading was also quite coincidental: a doctor client gave him a book, which was "Ugly Americans" written by Ben Mezrich. After reading this book, Chris Capre immediately opened a demo account, and a month later, he opened a real account, and from then on, he never looked back on this road.
2. Great ups and downs, outstanding performance
After entering the margin market, Chris Capre found that trading was a very natural and smooth thing. Whether it was technical analysis or trading skills, he could always get started quickly. Perhaps, this is the so-called "trading requires talent," but this talent is not everyone.
At the beginning, Chris Capre also made many mistakes. The most fatal thing was that he did not carry out risk management and overused leverage. Chris Capre's account funds were 3,000 US dollars, and he started trading with standard lots. However, luck favored him, and the first 8-9 transactions were profitable in a row, giving him a lot of buffer.
Six months later, the account once soared to 83,000 US dollars. At this time, he encountered Waterloo, losing 10,000 US dollars in 5 minutes and 25,000 US dollars in 15 minutes. In the next 6 months, Chris Capre almost spent all his time on psychological construction, allowing himself to truly understand and digest trading, losses, profits, emotions, and so on.
Chris Capre once worked for a well-known broker for two years. After leaving the company, he was very interested in hedge funds, so he contacted several companies that wanted to recruit him and finally chose one of them. A year later, he left the hedge fund and established his own financial service company, 2nd Skies.In 2002, Chris Kapur began managing funds for some families. Two years later, he co-founded the fund company KronosFX with his trading partner and started to receive public investment funds. The minimum investment amount for investors was $250,000, and at that time, the company managed over $10 million in funds.
3. Trading Insights
Chris Kapur believes that most of the price movements we see are the result of market order flow, not the cause. He stated that there are only a few truths in the market:
1. As long as there are buy and sell orders, the market will change;
2. Price fluctuations are the complete manifestation of order flow (the total volume of market buy and sell orders).
After exploring the Ichimoku Cloud indicator, Chris Kapur was very fond of the trend trading concept behind it. This indicator gives very few signals because it filters out many false signals. He believes that the design purpose of this indicator is to capture trend activity, find support/resistance levels, and potential market pullbacks, which is more interesting than price movements.
4. High Discipline
Chris Kapur wakes up at 5 am every morning to do 90 minutes of yoga and meditation. He prepares in front of the computer 30 minutes before the New York market opens and major news is released, entering the trading state. This time is mainly used to understand what happened in the market the previous night (Asian and European markets). Chris Kapur said, "I can tell at a glance whether the price is forming a trend or consolidating, and then decide what tools I need to use accordingly."
Success is never achieved overnight, but through careful planning, step by step, to achieve the goal.
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