More Interviews, Vicky Singh

Vicky Singh

This week’s interview is with one of the most helpful members of the Trade Ideas free trading room – Vicky Singh (@crossondeck1). This is no small feat as the room features many successful long time professional career traders who often share their ideas in the room.

Known by her screen name Vicky S. , she has managed to quickly establish herself a large following of traders who seek her assistance directly on the many custom backtesting scans she is known to develop and share with anyone in the community.

So let’s get started with the interview and see what makes Vicky tick

QUESTION – Thank you for taking the time Vicky to participate in the Q & A session. Before we start in detail. Would you like to share with everyone, who you are, what you do, where you live and what trade room and why you are found at everyday.

VICKY SINGH: My name is Vicky S. I am a day trader. I live in Montreal Canada. I currently could be found in the trade-ideas live room, which by the way is free

QUESTION – How long have you been trading for? What got you into this career profession?

VICKY SINGH: I have been trading for 2 years now.  I started day trading because like everyone else, was looking for an extra source of income. I use to see soo many people on the internet talking about how much money they made day trading. It really caught my attention. I use to see insane penny stocks make crazy percentage moves. I knew I could do the same if I put my mind to it. I was always good in mimicking others. I use to follow Ross Cameron. Loved his gap and go strategy with low float stocks.

QUESTION – What failure or setback in both trading and life have you experienced that has set you up for later success?

VICKY SINGH:  I cant remember what symbol it was but I believe MOTO. I read an article about this company either by just surfing the web, or maybe through an email I signed up for. Now remember I was new to this and never traded. So this email was talking about how this company was about to explode, and was revolutionizing the taxi meter industry in India or Indonesia. I was so pumped and I thought I found the big winner. I called RBC at the time, and said buy me 10k worth of this company. I believe at the time it was like $0.30 cents. The next day came and that company was just tanking. I panicked and called RBC Investing back and said SELL SELL SELL. I was so frustarted cause while on the phone with the representative, I just saw the share price just go lower and lower and lower. Anyways I now know that was called a PUMP AND DUMP lol. To me this was a failure but didn’t deter me from jumping back into stock trading and trying again. I went from penny stocks, then to trading higher price stocks thinking it was easier, then to playing 2 and 3 bar pullbacks, then to playing low float stocks with less than 10million in the float. I basically learned from all these experiences, and finally found the my consistent alpha strategy.

QUESTION – Outside of trading, what strange or unusual habit do you have and enjoy?

VICKY SINGH: Believe it or not I have a habit of just tweeking my trade ideas scanners. I just cant stop. I’m always trying to make it better either by adding a new column filter or changing the colour in the scanner lol. Day trading is a drug. Its so addictive. However, my strangest habit I have is if I make a lot of money during a trading day, I go out for a pizza. So that basically means i’m having a pizza every day or other day lol.

QUESTION- How would you describe your trading style? How has it evolved over time?

VICKY SINGH: My trading style is very unique. Other traders actually don’t really know what it is. Its new to them, that’s why they are so interested. They never really heard of the 8ema crossing the 20sma or in my words CROSSONDECK. It has evolved tremendously since I learned it and mastered it. It has taken me over 1 year, however I can say now I got it. In the beginning I was that type of trader who wanted to capture everything. I didnt want to miss nothing. If anything was moving I wanted to be in it to capture alpha. By the end of the day, I didnt even take 1 trade because I was looking at soo many scanners, I couldnt accomplish nothing. I would be so distracted with all my sound alerts and price alerts pop ups on my screen, nothing would get done. Now I keep it simple and clean. I also tried to use every indicator out there possible. My charts would look so messy. The main indicators I use now are just vwap, 8ema, and the 20sma.

QUESTION – Outside of trading, how do you enjoy spending your time?

VICKY SINGH: Travelling, enjoying new restaurants, helping newbie traders with any questions, and building my new website (can’t disclose the info on that) however its stock related.

QUESTION – What advice would you give your younger self (both in trading & life) ?

VICKY SINGH: – avoid over trading

– dont ever sign up to a chatroom to mimic the moderators trade. dont follow anyones alerts.

– find one profitable strategy that is very consistent and stick with it. dont try to have many windows open and try to catch all the trades. you will accomplish nothing but just staring at different scanners and trying to pick which stock to trade.-the more cleaner your setup, the more you will achieve and get done.

QUESTION – What good & bad advice do you hear often in trading?

VICKY SINGH:

GOOD

– Never chase a stock if its extended

– You cannot get them all, if you miss a play relax. Another one will come.

– Practice in a simulator before trading for real money.

– Trade the best strategy that is most consistent for you.

– Don’t trade the first 15 or 30 minutes if you are a newbie trader.

– Always have a stop loss in place

– Have a risk reward ratio before entering a trade. Have a plan basically.

BAD

– Sign up if you want the HOLLY GRAIL trading startegy.

– Sign up if you want hot tip about a stock.

– Our past performance suggest we can get things done again for you.

– Sign up with your email to find out which stock is about to soar 1000%.

QUESTION – What are your favorite trading & non-trading books to read and why?

VICKY SINGH: Believe it or not, I have never read a trading book. I find they are all scams (my opinion). Why do people write day trading books, to make money. I learned day trading from watching recorded videos from some of the best long time traders out there.

QUESTION – When you have lost your mojo or focus (both in trading and life), what do you do to get back on track?

VICKY SINGH: – Give up regretting on what happened in the past. If I had a bad day in a trade, its always hard to digest it during the whole day. It wont get out of my head. However I will tell myself that we have to move on and focus on the next trading day.

– Go for a walk and exercise. I find this always helps to clear the mind.

– Turn off all my computers and just unplug from day trading. I usually head out with friends for dinner or do something relaxing. Its already tough enough just staring at monitors all day long.

– I remember how far I came. Since being a newbiew trader to now being consistently profitable, I always try to remember how far I came as a day trader, and how many people depend on my help to become better traders.

QUESTION  – If you could have a big billboard with your favorite saying or message on it, what would it be.

VICKY SINGH: It would say “CROSS ON DECK!!””

You can visit Vicky on twitter @crossondeck1

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