From Chart Mastery to iPhone Victory: Ritik Dominates the iPhone Hunt Tournament

In the high-stakes world of trading competitions, one name stood out during the iPhone Hunt Tournament — Ritik. With an impressive profit of $165,395, Ritik didn’t just outperform the competition — he dominated it. His reward? A brand-new iPhone 16 and the recognition of being one of the sharpest minds on the leaderboard. In this exclusive interview, he shares insights into his strategy, mindset, and what it took to win it all.

Personal Introduction:

My name is Ritik Kaushal and i am from india , I started myjourney in 2021 when i was in college , and i was looking for a way to earn anddoing some research on internet i came to know about trading and that's how my journeystarted in trading

Winning the competition: I really felt good when irealized i have a really good to chance to win this competition but i was notreally sure till the last few hours of competition but after actually winningit , it was more of a relief to me , that i finally made it to #1

Trading Philosophy:

You don't need a perfect strategy, sticking to one strategy can make any strategy profitable in long term

‍

Background Getting started:

‍I started myjourney with stock market but due to lack of funds i wasn't able to getanything out of it but when i came to know about forex and prop firms that wasthe one of the defining moment when i realize i can still make my carrier intrading without worrying about money and i just need to learn trading skills .

‍

Learning Resources

: In my initial days i used to make strategies using different indicatorswhich were popular in markets already but none of them worked in long term , ishifted to raw price action afterwards but still i was still struggling then ialso learnt ICT which was also very popular but because ICT content was soorganised it actually helped me clearing so many doubts and helped me to learnmany things about market but still it wasn't enough , but after experiencingall these things and gathering information , i developed my own strategy .

‍

Overcoming challenges:

My biggest challenge wasovertrading and never accepting my losses but with time i improved mypsychology and made few rules which eliminated my overtrading behaviour likefixing lot size which helped me to avoid taking large lots out of greed or torecover losses in quick time and fixing maximum numbers of trades that i cantake in a day

‍

Trading Strategy: Strategy overview :

‍so i use timeand price theory which basically is that i have a pre define time to take allmy entries , i don't take any entries outside of this time , so i have two 23minutes time cycles in new york session and all my entries are withing thesetimeframe and i only analyze chart during this time in different time-framesand take entries according to my bias and also have pre -defined exit time aswell

Pivotal Trades : I remember one long trade in US30which i took in my first funded account , i almost secured 300 points in thattrade and got funded with that trade only.

‍

Risk management :

I use fix lot size(according toaccount size i am trading )which helped me to minimize my gambling behaviourand other is fixed number of trades which is 2 , i never break these ruleswhich helped me to survive in high volatile markets and it also make medisciplined

‍

Analysis Techniques:

I rely more on technical analysis , but i do sometimes seefundamentals as well but i am more of a day traders so i don't need to lookmore on fundamentals so i my strategy is based on technical only.

‍

Adapting to change:

‍i constantly monitor my strategyon weekly basis and see what changes can be made to align it with marketconditions , but the fundamental structure of my strategy always remains same.

‍

Advice Guidance for beginners:

Never hesitate to takelosses it's a part of game and also a learning opportunity for you.

‍

Avoiding Pitfalls :

Never come to trading to becomerich quick , it's a slow steady business which grow with your skills andefforts , but if see this as some lottery/gambling you will regret.

‍

Continual Learning:

Continual learning and educationis important in trading to make myself up to date i follow some elite tradersin industry .

‍

Mindset for success:

‍Accept your losses Journaleveryday More trades/more pairs is not equal to more profit never getoverconfident about your strategy their is always a scope to improve

‍