After selling the rims off his car just to fund one last attempt at the markets, Alex discovered his edge in the volatility of momentum exhaustion. Today, his approach is built on extreme transparency and a deep respect for risk management, specifically through his "First Red Day" framework. In this conversation, Alex pulls back the curtain on his evolution from an aggressive gunslinger to a disciplined professional, sharing the psychological shifts and specific setups that allowed him to scale from four figures to eight figures.
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In this episode, we explore:
• How Alex Turned $2,000 into $16M+ in Trading Profits
• His transition from working as a Starbucks barista to full-time trading
• The mechanics of the First Red Day strategy
• Why he ignores his "average" to focus on adding to winning trades
• Using broker-level guardrails to protect yourself from ego-driven losses
• How Alex selects the stocks he shorts
• His advice for traders struggling with the psychological pain of risk
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About Alex Temiz:
Alex is a professional short-seller and the co-founder of My Investing Club (MIC). Known for his "First Red Day" setup and high-stakes momentum trading, Alex has documented over $16 million in verified profits. He is a vocal advocate for transparency in the trading industry, frequently sharing live trading recaps to help retail traders develop a process-driven approach to the markets.
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Links + Resources:
YouTube: https://www.youtube.com/@AlexTemizMIC
X (Twitter): https://x.com/AT09_Trader
Instagram: https://www.instagram.com/alex_temiz
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Sponsor of Chat With Traders Podcast:
Trade The Pool: http://www.tradethepool.com
Sponsor of Episode 323:
Tasty Trade: http://www.tastytrade.com/chat
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Time Stamps:
Please note: Exact times will vary depending on current ads.
00:00 How Alex Turned $2,000 into $16M+ Day Trading
06:48 Working as a barista while trading
10:52 Discovering Short Selling and finding his edge
15:58 Developing a healthy approach to trading
21:56 When ego takes over a trade
26:42 Capitalizing on the once in a quarter A plus set up
30:19 Becoming comfortable adding to your winner
36:26 Why adding to losers is adding gasoline to a burning house
39:43 Scaling out of size
45:19 The mechanics of the First Red Day
49:35 Still learning from other traders
56:29 What winning looks like for you now
59:38 Where can you find @AlexTemizMIC
Trading Disclaimer:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.
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