25 YEARS OLD. CO-MANAGING $50 MILLION AND BUYING THE STOCK YOU THINK YOU’VE MISSED.
SanDisk had already rallied over 100% when @ConnorJBates_ bought at $135.
You think you’re too late at $135?
The stock went on to reach $725. Suddenly, $135 doesn’t look so expensive.
“You never know how high these things can go.”
But recognising a powerful stock is only part of it.
Knowing where to enter, when to take profits and when to get out is what makes this breakdown worth studying.
Before you write off another stock because “it’s already gone up too much,” watch this clip.
In this Sunday’s episode, Connor reveals:
• His “super stock” criteria for finding potential market leaders.
• His entry playbook for breakouts, flags and pullbacks.
• Where he defines risk and cuts failed trades.
• How he takes profits while keeping part of a position running.
Plus more chart examples showing how he puts his playbook to work.
Full episode drops Sunday at 10 a.m. EDT on Chart Fanatics.
We sat 15 unprofitable traders in front of Umar Ashraf, a trader with over $30 million in profits.
The same mistakes kept coming up:
1. Overtrading
2. Revenge trading
3. Cutting winners early
4. Switching strategies
5. No discipline
Most of these have nothing to do with strategy.
JadeCap went from construction worker to a world record $2.5 million single prop firm payout. Over $4.5 million in payouts in total.
He owns a Ferrari. He drives it once a week. The rest of the time, he is in his office.
He started with $10 to $25 risk per trade, and spent his first 5 years jumping between strategies.
How he runs it now:
• One position size for 3 months. Any change is a discipline problem
• Prop trading is a business, with its own company and its own card
• One prop firm until it pays out, then spread across firms
• Early payouts go back into accounts and an emergency fund
Matteo Conti spent 7 years at one of Europe's largest banks, running €15 billion a year.
Now he teaches retail traders to treat a prop firm challenge like a business, with a plan tested in simulations before any money goes in.
Most people buy a challenge and hope.
2. Count your mistakes
One trader counted every repeated mistake in their journal.
Near the top: entering before the candle closed.
Wait for the close to confirm. It saves a lot of losing trades.
Umar says a clear framework like this can cut the learning curve to profitability by 50%.
Knowing your stage tells you what to work on next.
Which stage are you in right now?
Umar Ashraf has made 8 figures trading.
He says it took him 8 years. It should have taken 3 to 5.
The extra years went into skipping stages he didn't know existed.
Here are the 5 stages every trader goes through 🧵
🖼️ If you have ever watched an auction, you already understand how markets move.
Andrea Cimitan @andreacimi explains it with a painting
A painting is up for sale at $1 million
One bidder says he will buy it for $1 million
Another says he will pay $2 million
The price goes up because people are willing to pay more
The painting is the supply
The bidders are the demand
The auctioneer matches the two
Financial markets work the same way, with one difference
It is a double auction, with buyers and sellers on both sides
In his view, when you learn to read when this auction is in balance and when it is out of balance, you get a good idea of what price might do next
Every candle on your chart is an auction
Watch Andrea break down the full idea on Chart Academy
Umar Ashraf @UmarAshraf used to make a common mistake after every bad trading day.
He would go and try to learn more.
Now he says more information does not make you a better trader.
After a bad day, he would ask himself what he was missing.
But nothing was missing from his education.
He was only trying to explain why he could not read the market that day.
Even now, there are days the market sells off and Umar cannot read it.
Sometimes there is nothing he missed at all.
In his view, the market is random at times.
Those are the days you accept it, instead of running to learn something new.
Less information will always make your life as a trader easier.
Umar breaks this down further in the full episode below.