At 20, most people are still obsessed with online games like King of Glory and Eating Chicken, short videos on Douyin, or worrying about what to wear to school the next day.
At 20, however, Nour Atta is already a veteran of the financial trading market.
“As crazy as it sounds, I’ve been around the stock market since middle school.”
Atta said in an interview that his father was a long-term investor.
Since middle school, Atta has been pestering his father with stock questions, such as why the market fluctuates and how to choose stocks.
Such learning laid the foundation for Atta’s understanding of the market.
Atta’s curiosity continues to flare until he begins to desire to get involved himself.
“I saw a lot of people making money on Wall Street, and I thought, ‘I want to try that.
At that time, my shoe business helped accumulate the original capital.”
He opened his first trading account and deposited $20,000.
At first, Atta had some modest success with beginner’s luck, making a net profit of more than $80,000 from trading Micron shares.
Another $20,000 was added to the account, which was nearly wiped out by market upheaval.
“It’s scary to almost lose everything.
If that happens, it could be the end of my trading career.”
“Atta said.
Fast forward to today and Atta has become a more experienced, disciplined and strategic trader.
The initial investment of $20,000 has now grown to more than $1 million in the account.
Atta said the gains didn’t stop there, as he spent more than $1.9 million on other real estate and other investments.
Atta’s strategy relies on breakout trades to make money. To balance his position, he uses options contracts to control risk.
Before trading, he carefully charts the stocks he trades, looking for entry and exit points.
He says he usually trades a handful of large tech stocks — Tesla (TSLA), Netflix (NFLX), Apple (AAPL), Amazon (AMZN), Roku (Roku) and others — that he knows well.
“I’m not very patient when it comes to trading,” he said.
“I’m a day trader, but a lot of trades stay under five minutes.
I look at resistance/support, rise/fall/symmetrical triangle.”
Atta watches the price action of a stock to see how the price interacts with the support or resistance levels he plots.
His positions typically range from $70,000 to $80,000, and he goes through S&P before trading
