Chris Burma scaled $3,000 to $2.1 million using systematic rules with discretionary tweaks. He targets a profit factor above 1.5, avoids stocks over $200M market cap, and cuts short positions if patterns fail by mid-morning. Single trades can net $10-15k.
Questions this video answers
$3,000 to over $2.1 million
Over 1.5
About $200 million market cap
After about 10:00–11:00 AM (intraday)
About $10,000–$15,000
Chapters
Was this the strategy that you were.
Able to take 3k to over a.
Million dollars with that strategy alone? I was not trading anything else. Yeah. It was just so effective because this.
Guy took $3,000 to over $2.1 million.
You have to look at the profit factor. I think that's more important than you know, win percentage or risk reward. If your profit factor is over 1.5 and that's an elite strategy, after 10am or 11am if a pattern is failing, then I'm looking to downsize my risk on the short side. So this has been the biggest change that I've made this year that I'm.
Not as Chris Burma, a systematic trader who is on the top 20 of a verified trading leaderboard. In today's episode on Chart Fanatics he goes through his A plus setup that is simple and repeatable.
I've learned to take profits in these zones just to downsize my risk, take some money off the table and then look to re hit. And by doing this I was able to make a lot more money. At the end of the day I think I made you know, 10, 15,000 on this trade. So it was a good trade and I wasn't even in that much size.
Chris explains how he uses a systematic approach with an element of discretion that has allowed him to continue to scale his account.
If you want to take a systematic approach, that's great. I highly recommend that especially for new traders. If you're a systematic trader, you can realistically become profitable from day one with little to no experience just by following a strict criteria. The market cap is probably the most important thing for me. I don't want to trade anything over like 200 million market cap because it just kind of. This has been the biggest change that I've made this year is that I'm not as stubborn on the short side because in years past I would probably just keep adding, adding, adding and holding as the stock is ripping and then you're losing more and more. So that kind of revenge trading is what causes these massive blow up losses. And that's the biggest threat to a short seller is the.
