Notes from Interview with Day Trader: kycefn

Added on by C. Maoxian.
  • Kyce was playing competitive Fortnight

  • Found trading at age 18

  • Has a southern accent, mild enough to be North Carolinan?

  • Joined buddies trading halfway through 2020

  • Has three brothers, plays competitive soccer

  • Parents expected all As, otherwise gave him a lot of freedom

  • Two older brothers

  • Tried eBay re-selling biz, failed

  • Tried dropshipping store in high school, failed

  • Tried math tutoring, also failed

  • Trading is the highest skill gap game out there

  • Keeps up with original trading group, a couple still trade 5 6 7 years later

  • "Great dudes"

  • Read Mark Minervini books

  • Went heavily into Reddit and Twitter, thinks TWTR best for finding real traders

  • Went to college for a year and half, online

  • Halfway through 2021 went back to in-person school, went one semester

  • Studied engineering, missed trading, dropped out

  • Went full time trading start of 2022

  • March April 2022 first profitable months, $1K-$2K a month

  • Keep size small when you start

  • Journaling the most important thing

  • "Mistake tracking"

  • Focused only on the losing trades at end of month

  • "No trading under VWAP"

  • "No trading first 15 minutes"

  • "No trading low volume stocks"

  • Every month he would add a new rule to eliminate losses

  • Profit factor went from 1 to 3 over the course of the year 2022

  • He's long only and small caps only

  • Scalps last 5 to 30 minutes

  • 2024 has added discretionary swings on the side

  • 2022 never traded pennies

  • 2023 added pennies back slowly

  • 2024 also trades pennies and stocks over $10

  • 2024 can comfortably scalp while spending more time on swing ideas

  • GME personal record trade in June 2024, got long June 4 and added June 5

  • GME sold into the parabolic move on June 6, 2024, then re-longed it sold most AH in $60s

  • You have to be OK with missing trades

  • Wakes up just before open, lets dust settle, then looks for plays with volume

  • Works out, stays active, all routines he follows

  • TradeIdeas is essential, a huge tool

  • Use ThinkOrSwim's scanner if you can't afford TradeIdeas

  • Real edge is being discussed on Twitter if you filter out nonsense

  • Not a rigid weekly or monthly "mistake tracking" session now, but he still looks over things

  • He finds a tilt trade or two and will force self memorize the chart of worst trades

  • Writing things down helped him a lot

  • 2022 2023 wrote a lot on daytrading subreddit

  • He is a long only discretionary scalper

  • Always have a max loss... 20-30 average green day number, double or triple it = max loss

  • Could only lose 2 or 3 ave green days before locking self out, used self control to stop trading

  • Trusts his mental stops

  • Red day meant half size the next day

  • A drawdown feels like the world is ending

  • Size down and take it slow

  • Does NOT have a broker max loss

  • Fear and shame keeps him from disrespecting his max loss

  • Need to address underlying issues if you need broker max loss

  • Sizing up he has written about on Reddit

  • Sizing up is very individual... has to do with your mind/subconscious

  • You will naturally get more comfortable in small steps

  • Sizing should not be robotic, you have to feel good emotionally, risk your "profits"

  • His greatest strength is patience

  • Best advice: start small!

  • You should quit trading if you are considering quitting, quit and reset

  • Trading IS a get rich quick scheme

  • Don't get grass is greener syndrome

  • He is staying the course

  • Don't DM him, DMs are flooded with bots now, just message him on Twitter

  • kycefn Twitter

  • kycefn Reddit