Reflecting on Our Trading Journey in 2023
As we draw the curtains on another year, it’s a time of profound reflection, gratitude, and unwavering anticipation for the future. Four years ago, TrueTrader was born with a vision to create an exclusive trading community that would redefine the way traders approached the financial markets. Little did we know that the path we embarked upon would be filled with unexpected twists and turns.
The year 2020, marked by the unprecedented global challenges posed by the COVID-19 pandemic, forced us to pivot and adapt rapidly. What initially started as a high-end trading community soon found a new purpose – making the world of trading accessible to those who were just beginning their journey. This shift was not without its share of challenges, but it transformed TrueTrader and enriched our community in ways we could never have anticipated.
Throughout our journey, we’ve navigated significant obstacles. Yet, through every trial and tribulation, our community has not only endured but thrived. We take pride in the fact that we’ve had the privilege of guiding over 8,000 individuals on their trading journeys, bearing witness to their growth and development, as well as our own.
One of the most remarkable transformations has been the evolution of our membership composition. We’ve transitioned from a community predominantly comprised of beginners to a vibrant mix of trading expertise. Today, TrueTrader boasts a diverse membership, with 15% experts, 52% intermediates, and 33% beginners. This shift reflects the unwavering commitment to continuous learning and advancement within our community.
At the heart of our platform lies our live trading sessions, which have undergone a profound transformation. What started as a single-strategy approach has now evolved into a dynamic, team-based trading environment. Our team of professionals, boasting over 60 years of combined trading experience, now collaboratively work together, creating an environment where members actively contribute by identifying and sharing high-probability trade setups. In 2021, the introduction of a transcription service was a significant milestone for inclusivity, ensuring that every member, including those who are hard of hearing, has equal access to our valuable resources.
Our expansion is not limited to our trading approach alone. We’ve empowered our members with a broader toolkit, from a single trading strategy and scanner to nine scanners and multiple trading strategies. This arsenal equips our members to tackle a wide range of market situations effectively. Furthermore, our educational offerings have grown exponentially, with the addition of formal courses, focused webinars, and regular learning sessions. These resources ensure that our members are well-equipped and prepared to navigate the ever-changing challenges of the financial markets.
In this year-end blog post, we invite you to join us on a journey through the remarkable year that was 2023. We will delve into the performance metrics, the impact of innovative changes like “The Savages,” and the resilience of our community in the face of adversity. Our story is one of growth, adaptability, and continuous learning, and we are excited to share it with you.
Stay tuned as we unveil the true narrative of TrueTrader in 2023, a story that embodies our commitment to providing unparalleled support and resources for traders of all levels.
Performance Section: Navigating the Markets in 2023
As we explore the performance of TrueTrader in 2023, it’s essential to understand the backdrop against which our trading community operated. The financial markets, much like the world at large, experienced a year filled with challenges and opportunities. Volatility was the name of the game, and our traders were poised to adapt and seize every moment.
Our mock account starts at 25k with a standard 4:1 margin applied giving us a starting buying power of 100k. In 2023 our trades added $126k in gains. That’s 500% from our initial capital of 25k.
This is done only by focusing on base-hits, not home runs, and our stats show that.
Adding $201k to our mock trade account, using real trades taken on live stream, represents an explosive 500%. Our theme has always been base-hits and this performance is consistent with that reality.
Part 2: The Stats of Success
Let’s dive into the numbers that define our year. In 2023, we showed up and traded 245 trading days. During this time, our traders executed a remarkable 2,168 trades, averaging 8.85 trades per session resulting in an astounding 973% return on capital employed, and 500% account growth.
- Days Traded: 245
- Total Trades Taken: 2168
- Avg Trades per Session: 8.85
- Avg Length of Session: 65 minutes
- Total Return on Capital Employed (ROCE) (%): 973%
- Win Rate: 59.5%
- Lose Rate: 33.3%
- Flat Rate: 7.2%
- Average Gain / share $1.68
- Average Loss / share -$0.88
- Aggregate Account Growth: 500%
Wait… What is ROCE?
You probably noticed we had a ROCE % of 973% this year. How is it that our account only grew 500%? (“only” lol)
Let’s take a minute to talk about that.
ROCE is Return on Capital Employed. It’s a superior measure of trade performance, in our opinion, than PnL because every trader can use ROCE to apply to their own sizing profile. A new trader might deploy $5000 on a trade whereas a more experienced trader might deploy $500,000. Saying “we made $35,000 on this trade!” doesn’t help anyone understand performance. ROCE however, paints a far better picture.
Let’s use an example.
Say you had an $100,000 account and you take a trade. You deploy $100,000 (all in) on a trade and return 3% on your trade. Your trade AND account grew exactly 3%. +$3,000. Simple.
However in real-trading we rarely go all-in. Your position size is a sub-set of your overall account and thus your cumulative ROCE and overall account growth percentages will be very different.
Using the same example above let’s deploy $25,000 on a trade and return 3%. Our PnL would end up at +$750 and our account would be up 0.75%. Extrapolate that kind of performance over many trades and you’ll have a cumulative ROCE that is MUCH higher than your account growth.
These statistics reflect the dedication and commitment of our community to staying actively engaged with the markets. This also shows an important factor in any profitable system: frequency of opportunity. Our strategies provide abundant opportunities in any market and we were well rewarded for our vigilance.
Part 3: Month-by-Month Journey
The year unfolded in a series of chapters, each month presenting unique challenges and opportunities. Let’s take a month-by-month journey through the highs and lows of 2023, examining the ROCE (%) for each period:
Part 4: Top-Traded Stocks
Our traders were active in a diverse range of stocks in 2023. Here are the top-traded stocks that captured our attention:
- TSLA: 173 trades
- META: 125 trades
- NVDA: 108 trades
- AMZN: 107 trades
- AMD: 83 trades
- SPY: 53 trades
- AAPL: 53 trades
- COIN: 48 trades
- ROKU: 46 trades
In total, we traded 330 unique tickers throughout the year, showcasing our versatility and adaptability in identifying opportunities.
These statistics provide a snapshot of our trading performance in 2023, but they only scratch the surface of the TrueTrader experience. Our journey also includes challenges, drawdowns, and a transformative shift in our trading approach with “The Savages.” Stay with us as we explore these aspects in detail, offering insights into how TrueTrader has evolved and thrived in a dynamic market environment.
Part 5: Navigating Challenges
While 2023 was a year of remarkable achievements, it was not without its share of challenges. At TrueTrader, we believe in transparency, which means acknowledging and learning from our tough moments. One such challenge was a drawdown that tested our resolve.
Our biggest drawdown in 2023 reached a total of $5,983.49, reflecting the turbulent nature of the markets we navigated. This drawdown coincided with the longest drawdown period of 20 days, spanning from August 15th to September 6th. As you can see from the chart below, our drawdowns were well managed under the 3% to 5% thresholds consistent with professional day trading.
The duration of some of these draw downs were trying, and we felt that pain during August and September. These were indeed trying times, as indicated by the monthly ROCE data.
Part 6: The Comeback
However, it’s not the challenges that define us; it’s how we rise from them. In September, we witnessed a significant moment in TrueTrader’s evolution with the introduction of “The Savages,” a group of hyper-focused professional traders working as a team. This marked a turning point in our journey and a testament to our resilience.
With “The Savages,” each trader focuses on specific setups and alerts the team when they identify opportunities. This innovative approach transformed our trading community from a lone-wolf style trading stream into a collaborative team environment. The shift from solo trading to teamwork brought fresh perspectives, enhanced decision-making, and fostered an environment where even our members actively contribute to identifying high-probability trade setups.
But our story of transformation doesn’t end here. It continues with the launch of “Ricky’s Ramblings,” an Exclusive Room & Audio Channel. Ricky, one of our esteemed pro traders, returned with a fresh approach aligned with his trading philosophy. He has redefined the way he shares his insights, focusing on being a more focused and unfiltered trader.
The drawdown experience and the subsequent transformation of our trading approach with “The Savages” and Ricky’s Ramblings have been essential chapters in 2023. They are testaments to our community’s resilience, adaptability, and commitment to continuous improvement.
In the following sections, we’ll delve into the specifics of how “The Savages” operates, the impact of Ricky’s Ramblings, and the broader journey of TrueTrader’s evolution and triumphs. Stay tuned as we uncover the true story of our community’s growth and success.
Part 7: Evolution of “The Savages”
In September of 2023, TrueTrader underwent a significant transformation with the introduction of “The Savages.” This marked a pivotal moment in our trading community’s evolution. Rather than adhering to a lone-wolf style trading stream, we embraced a collaborative team environment that redefined the way we approach the markets.
“The Savages” is a team-based trading approach where each trader specializes in specific setups and alerts the team when they spot opportunities matching their expertise. This shift from individual trading to a collective effort brought a fresh dynamic to our community. It allowed for diversified perspectives, better decision-making, and an environment where even our members actively contribute to identifying high-probability trade setups.
Meet the Savages
Founder of the TrueTrader reversal strategy has been trading for over 25 years successfully. A verified 8-figure trader, Adriano brings unbelievable knowledge and compassion to the community.
Strat: Hull Cross
Kerly started as a novice, first-time trader and now is part of the high-impact savages team. She live streams every day with the team and has grown her account dramatically with explosive daily gains. Her patience, discipline, and mastery of her setup is unmatched.
Strat: Short on Weakness
Known for his lively personality, Karim is an expert in stocks displaying extreme weakness. This “Egyptian Tactician” focuses on shorts and puts a smile on our faces with both his personality and profitable trades.
Cesar brings unmatched focus to his trade sessions. He spots extremely high probability setups and uses fractals to manage risk while maximizing his ability to extract profits from every opportunity.
Strat: VWAP Grind + TT Reversal
Fusing his experience in strategic intel, analytic systems design, and professional poker, Ryan brings a unique skillset to trading. His ability to analyze complex situations quickly allows for aggressive entries and fast exits.
Part 8: The Impact on Performance
The introduction of “The Savages” had a profound impact on our trading performance. Let’s examine the results and see how this collaborative approach influenced our year:
The introduction of “The Savages” not only redefined how we approached trading but also yielded tangible results. It’s a testament to the power of collaboration and a shared commitment to our unique trading approach.
In the next section, we’ll explore the specific strategies and tools that “The Savages” and the TrueTrader community have at their disposal. These tools empower our members to identify opportunities, make informed decisions, and navigate the markets successfully.
Part 9: Strategies and Scanners
Within TrueTrader, we empower our traders with a wide array of strategies and tools to tackle the ever-evolving markets. Our transformation into a collaborative trading community under “The Savages” has allowed us to diversify and refine our approach. Let’s examine into what makes us unique:
- Multiple Trading Strategies: Our traders specialize in diverse trading strategies, from trend-following to volatility-based approaches. This diversity ensures that we are well-prepared to navigate different market conditions.
- Unique Scanners: We provide our members with not one, but nine unique scanners that aid in identifying potential trade setups. These scanners serve as the compass that guides our traders through the sea of opportunities.
Part 10: Learning and Education
Education is at the heart of our mission at TrueTrader. We understand that successful trading requires continuous learning and skill development. In 2023, we expanded our educational offerings to equip our members for the challenges of the market:
- Formal Courses: We introduced formal courses that cover essential trading concepts, technical analysis, risk management, and more. These courses serve as a foundation for our members’ trading journey.
- Focused Webinars: Our community benefits from focused webinars that deep-dive into specific trading strategies, market analysis, and advanced techniques. These webinars provide valuable insights and actionable knowledge.
- Regular Learning Sessions: TrueTrader hosts regular learning sessions where our experts share their experiences, insights, and trading techniques. These sessions foster a culture of continuous improvement within our community.
With these strategies, tools, and educational resources, we empower our members to make informed decisions and seize opportunities in the financial markets.
Conclusion: Embracing the Future with TrueTrader
As we come to the end of our year-end reflection, one thing remains abundantly clear: TrueTrader is not just a trading community; it’s a thriving, dynamic ecosystem of traders, learners, and visionaries. The journey we embarked upon in 2023, with its ups and downs, challenges and triumphs, has only strengthened our resolve and unity.
We’ve demonstrated that collaboration and resilience are at the core of our community’s DNA. Through the introduction of “The Savages,” the expansion of our strategies and tools, and the unwavering commitment to continuous learning, we’ve forged a path that sets us apart.
But this journey is far from over. The future holds limitless possibilities, and we invite you to be a part of it. Whether you’re a seasoned trader, an aspiring learner, or someone curious about the world of trading, TrueTrader offers a place for you to thrive. We are a community that values knowledge, teamwork, and a shared commitment to success.
In the coming year, we have exciting plans on the horizon, including new strategies, enhanced educational resources, and more opportunities for collaboration. As a token of our appreciation for your support, we’re offering a special New Year discount of 25% off our regular subscription price. Join us on this remarkable journey with code “NEWYEAR” and become a part of our vibrant community.
TrueTrader is more than just a trading platform; it’s a family, a support system, and a pathway to achieving your financial goals. Together, we’ll continue to navigate the ever-changing markets, learn from our experiences, and celebrate our successes.
Thank you for being a part of the TrueTrader community. Here’s to a future filled with growth, prosperity, and endless possibilities. Cheers to the year ahead, and let’s make it a year to remember!