Bryce’s Market Edge: Key Takeaways
- How Bryce became profitable starting with one simple pattern…
- Bryce proves he isn’t the dumbest guy Matt Monaco knows. Find out what’s behind this “inside joke.”
- The super small step Bryce took toward exponential growth. (You HAVE to see this.)
I like to rip on Bryce. He’s a fun, good-natured guy who can take a joke. But he’s serious about trading. Here’s how my energy-drink-shotgunning student went from a lazy college kid (who dropped out!) to a six-figure trader.
Table of Contents
- 1 At a Glance: Bryce’s Trading History and Stats
- 2 Bryce’s Favorite Educational Resources
- 3 Top Tips From This 6-Figure Trader
- 4 Sizing Up Slowly — Seriously
- 5 Bryce’s Top Trading Patterns
- 6 Bryce’s Hot Market Lessons
- 7 Dig Deeper Into Bryce’s Story
- 8 Will Bryce — or Matt — Ever Live This Down?
- 9 Level Up in the Trading Challenge
At a Glance: Bryce’s Trading History and Stats
- 2018: Starts trading
- 2019: Launches the Beyond the PDT podcast with Matthew Monaco
- Spring 2020: Bryce joins my Trading Challenge
- June 2020: Becomes profitable and drops out of college to pursue trading full time
- Starting account: $5,000
- Biggest loss: $14,000
- Biggest win: $18,000
- Win rate: 51.5%
- Total profits as of November 2021: $664,000+
Bryce’s Favorite Educational Resources
Top Tips From This 6-Figure Trader
Bryce is all about transparency. He’s been sharing his journey with the world since he launched the Beyond the PDT podcast with Matt. More on that shortly.
So how does this trader find his unique strategies? Here are three tips in his words:
- Experiment with different patterns in the beginning and track your data. Otherwise, you’ll jump from trade to trade without knowing what works.
- Keep a trading journal to stay accountable.
- Review your stats to see what’s working and cut out what isn’t. Hone in on one pattern and refine your defined edge.
Sizing Up Slowly — Seriously
I tell my students to trade small at first, then size up slowly. Some really listen, like Bryce. Even though he wasn’t new to trading when he joined my Challenge, he wasn’t quite hitting his stride.
So he radically sized down. Check this out:
- In May 2020, Bryce decided to risk just $2 per trade! In doing so, he kept his monthly loss to only $166.
- The following month, he increased it to $5 risk and made over $1,000.
- Then in July, he increased his risk to $20 per trade and made over $4,000.
- In August he made over $13,000.
Start small and scale up as you get comfortable. It takes practice!
Bryce’s Top Trading Patterns
- Listed breakouts. Bryce’s first pattern was buying strength in breakouts. But he noticed when they didn’t work, he took bigger losses.
- OTC panic dip buys. When the OTC market got hot, Bryce learned to dip buy the inevitable panic.
- Trend breaks. He adapted his breakout strategy and now buys consolidation and trend breaks. His goal is to have better risk/reward and get an entry before multi-day listed breakouts.
Bryce’s Hot Market Lessons
Want to be ready for a hot market? Here’s how Bryce would do it:
- Know YOUR go-to patterns
- Test and tweak to find your trading comfort zone
- Nail your risk tolerance
Sounds great, right? Here’s how that played out for him…
- In January 2021 he made over $140,000.
- In February he made roughly $200,000.
- And even when things slowed down in March, he made nearly $25,000.
Dig Deeper Into Bryce’s Story
But while Matt was dedicated to studying, Bryce admits he didn’t take trading seriously in the beginning. He was a typical lazy student — playing video games and watching Netflix instead of studying.
But when Bryce saw Matt make four figures in a day, he got inspired to get to work!
And check this out … Matt and Bryce were both so determined to expand their trading knowledge and network that they started the Beyond the PDT podcast.
Bryce’s Smartest Decision in His Trading Journey
It was roughly 2019 when Bryce finally decided to take trading seriously. But he still made typical newbie mistakes…
He traded random patterns, used random indicators, and thought he could do without studying. WRONG!
Study and work harder than you ever thought possible in order to become more successful than you ever thought possible
Finally, after months of grinding, Bryce got sick of losing. He accepted that the only way to succeed is to study hard. So he buckled down and studied 12 hours a day.
THIS Changed Everything for Bryce
Bryce says the problem with too many traders is they focus on the money in the beginning. He was one of them. Until he realized he needed a BIG mindset shift.
Bryce tells me his trading turned around when he focused on learning.
Be weary of large trading profit screenshots, many traders are putting millions or even tens of millions of dollars into trades to try to justify their “big” profits, but their % gain is usually a lowly 1-2-3% making the strategy useless for new traders & those w/small accounts
Bryce started trading under the PDT. He wanted more day trades so he opened two $3,500 cash accounts. He used small position sizes and small risk. And he stuck to one pattern — listed breakouts.
That’s when it clicked for him. Hard work really can pay off! He decided not to go back to college the next semester — instead, he fully focused on trading.
How to Find Focus in a Crazy Market
Bryce knows everyone has their own strengths and weaknesses. It’s not worth it to compare yourself to others. Get inspired by successful traders, but do what works for you.
He knows that when you get greedy, the market will humble you fast. His biggest lesson came from big losses. So listen to what Bryce says…
“Have a risk level, control size, and have an edge before any trade.”
Will Bryce — or Matt — Ever Live This Down?
Now, I did put Matt on the spot — and he immediately confessed to Bryce. Matt felt terrible about it. Now it’s become a long-running joke between them (and anyone who’s been through the Bootcamp).
But I can’t help but wonder if that lit a fire under Bryce. I know I’m proud of how hard he’s worked to get to where he is now. Keep grinding, Bryce!
Learn With Bryce
Want to learn even more from Bryce’s incredible journey?
- Ep 223: StocksToTrade’s Bryce Tuohey on Avoiding Dumb Mistakes + Overcoming Red Months
- Episode 204: Small Accounts, Patterns, & New Strategies — Bryce Tuohey Returns!
- Episode 201: Trading the Ultimate Breakout With Bryce Tuohey
- TWIST: Special Guest “The BRYCE” With $VVPR
- Beyond the PDT with Bryce and Matt
Level Up in the Trading Challenge
Bryce says he’s learned so much since joining my Trading Challenge. You have the opportunity to access the same materials and education as him and my many millionaire students.
But you have to be up for it. As you’ve seen with Bryce’s story, it’s not a straight path to profits. And becoming profitable is never guaranteed.
Take a page from Bryce’s book and rev up your dedication!
What do you think? Will Bryce be my next millionaire student? Let me know in the comments below!