Clement Ang

First of all I wanted to say I am grateful for all the kind comments post-interview release. It is humbling to be in a position to inspire others who are also on the path towards finding success in trading. So, sincerely, thank you! 🙏 Secondly, I've been receiving messages from a couple of folks newly competing in this year's competition - on advice. I always find it a little cringe to look back at my own interview and hear myself speak ... but if I had to choose two snippets of the entire interview as advice, it would be this: 1) It's all a game against yourself. Remember that the ultimate goal of trading is to make money. Joining the competition should serve as a way to hold yourself accountable to the highest standards under public scrutiny. This means: (A) Sticking to process and focusing on risk management: One good trade at a time. (B) Ensuring you take care of the downside (again, risk management), and naturally the upside will take care of itself. (C) Tuning out noise and disregard how others are performing because it serves no purpose to you anyways. Remember that one trading mistake can take you out of your flow - just like randomly chucking a shot in a basketball game can affect the flow of the entire offense. Additionally, one trading mistake often domino effects into a range of other mistakes if you are not careful. Therefore, focus on making good decisions, even if it means you're not making big returns in the now. Be patient because you only need a couple moments in a year where your psych, strategy, and market aligns to step on the gas and gun for your returns. 2) When not trading well, cut size. I think this point cannot be emphasized enough. The geometric effect of losses noticeably hits you once you go beyond a 10% drawdown. Especially with the current environment this year if you did not manage to catch any trending stocks, you will likely be psychologically aggravated. Be very aware of your emotional state and take advantage of it. Lost the last 5 trades? Slash your risk in half. You drew down 5% for the month already? Step back and re-evaluate the market, identify areas of improvement, and then re-establish the floor next month to no more than a -2.5% drawdown month. Cutting your risk until you begin to find traction again is the way to ensure that you maximize your chances of recovering as quickly as possible. The anti-martingale strategy works! -------------------------------------------------------- Lastly, and most importantly, the year is long, so enjoy the process! Stay committed to doing the deep dives/hard work, and enjoy the ride. 🌊 Happy MLK day! Full link to interview here: