As Lead Content Strategist, John diligently searches for ways to connect with day traders and provides training and education to those in this space.
Karan Khanna’s Background
We’re always looking for traders who exhibit consistency and an inspiring story to tell. Karan Khanna certainly fits that mold. From his early days in Toronto trying to start an Instacart rival while in college to piling on debt and having to couch surf the US with friends, then finally resting in Brooklyn, Karan has a colorful story in his twenties. Thankfully, he found a great job and a niche as a trader in 2020.
Karan shares with us the details of his journey and how he started studying trading in 2017, thanks to Tim Sykes’s website. After 3 years of study, he started trading seriously in 2020. Although he suffered quite a few setbacks in the beginning, his years of backtesting and fear of taking losses kept him grounded.
By 2021, Karan has grown his account from $800 to almost $300k. Don’t believe it? You can check it on his Kinfo profile:
Karan’s Kinfo Profile as of 12/28/2021
Karan Khanna’s Style of Trading
Karan actually employs a long and short style of trading. Primarily, he says, he is a short seller. He picks his trades based on the daily chart and likes to see really overextended charts that he can short. If he is early, he cuts his losses very quickly.
In essence, he is willing to take many cuts before the “big trade” sets up, which usually more than pays for those small cuts. As you can see, his win percentage is only around 43%, so he isn’t really concerned with his paper cuts.
Brian Shannon is one of the most well-known traders in the world. Having started in 1991, he's been through many major market cycles, has written two...
J from JTrader.co joins us for our first episode of 2024 to discuss a strategy that has worked well in 2023, namely smart money traps. J breaks these...
John McDowell
: February 26, 2024