It wasn’t that long ago when Bryce Tuohey’s confidence as a trader was shot…but instead of giving up…he did something MOST traders would never do.
He started placing tiny trades…risking only a measly two bucks per trade.
Bryce knew that if he could nail down the setups, he would be able to scale up with conviction later down the road.
Yesterday, Bryce hit the $1 million milestone.
If you’re struggling to find your way in trading his story will inspire you.
How to Go From Zero to Hero
Bryce started with a small account while he was still in college. He was under the PDT rule and traded around his classes. That was back around 2018…
He struggled on his own for a couple of years and decided to join Tim Sykes’ Trading Challenge in the spring of 2020.
He didn’t use good risk management in the beginning. And after getting frustrated with his lack of consistency, he went back to the basics…
He started taking tiny position sizes and only risked $2 per trade. Seriously, $2 PER TRADE.
His goal wasn’t profits. It was to nail down a process. He talks about it in depth in this podcast episode. And watch part two here.
Once Bryce started trading one pattern with tight risk, he started to slowly build his account.
And he was able to capitalize on one of the hottest markets in decades…
In 2020, Bryce made $101,102.15.
But he was just getting started…
Bryce continued to build his confidence thanks to journaling his trades and seeing what worked for him.
And with that information, he was comfortable sizing up. And in 2021 Bryce was able to make an incredible $563,026.09.
Those were two crazy years in the market — a lot of traders made money.
But once the mania died down, a lot of traders lost money.
They either held positions believing the market always goes up, or they failed to adapt their strategies and size.
In 2022, Bryce knew he had to adapt.
He took money out of his trading account so he couldn’t overtrade or take big positions.
And he started spending more time away from the market.
He recognized that when there aren’t any opportunities, you don’t have to waste your day in front of the computer.
The lessons he learned early on about focusing on one pattern and taking small sizes and risks now help him have the discipline to sit out when he doesn’t see his setups.
But when he does see his setups, he knows how to capitalize.
And that’s what he did yesterday morning. It was all caught live during Tim Sykes’ Market Mastery trading session.
If you missed the live event yesterday, you can watch the replay when you sign up for monthly live trading sessions here.
But don’t look at this milestone as one big event…
Think of it as the result of years of celebrating small wins, adapting, and dealing with frustrating losses.
The journey isn’t easy but it’s worth it if you can stick with it and find what works for you.
Even if it means taking tiny positions in the beginning. It’s how small beginnings grow into huge milestones.
No successful trader got where they are today overnight, or even in a year.
They learned, practiced, refined, and perfected their individual strategies over years. And then they constantly adapt to the changes they see in the market.
If you want to learn a process and risk management for your own trades — join me and Bryce in the SteadyTrade Team. We both give live trading webinars daily, so you can see what we see and think about any given trade.
Tim Bohen
Lead Trainer, StocksToTrade