Mr. Ambartsoumian manages a private equity fund and is the CEO of Avalanche Capital Partners, which returned 127% in the year 2020 and an average yield of 73% in the three years prior.
TipRanks.com profile shows him as an up and coming money manager with an 84% success rate and a 19.1% annual average on his stock picks. In addition, Edgar's Seeking Alpha research reports have won Editor's Choice awards and have been viewed by over a million readers worldwide.
The timeline below shows his immigrant rags-to-riches story, surviving an airplane accident and the sacrifices it took to become a professional trader. Edgar has a sense of humor, but only on days that he is not losing money.
Ms. Ayvazyan made sure that all of our courses and exams flowed in a sequential manner, providing a seamless, user-friendly experience for our prospective students. We utilize KARTRA platform's powerful tools and interface to stay close with our graduates and prospective students, answering all of their questions and addressing their every concern.
She takes great pride in being part of the SBC team and expanding our courses globally in the years to come.
When Sona is not busy working on the platform, she is wasting her money on online poker tournaments. :)
Adolf Alkhas,Research Analyst (Intern)
It's great to have an extra set of eyes when scouring through financial statements and annual reports. Mr. Alkhas constantly scans all the sectors and keeps up to date with the latest upgrades/downgrades, triaging the best chart setups and trade ideas.
When Adolf is not busy conquering the world (LOL), he tries to impress the team by binge watching Netflix series like Squid Game or Narcos and ruining it for everyone by telling us what is going to happen before we have had a chance to watch.
Edgar immigrated to Los Angeles from Yerevan, Armenia at age 13 in 1995.
After the collapse of the former Soviet Union, Armenia became independent, but times were tough with constant electricity outages and poor economic conditions.
Graduated Hoover High School with 4.0 GPA and math excellence awards, but was deported shortly after for being an illegal immigrant.
Without a social security number, he paid every semester cash out of pocket working odd jobs, including valet parking, waiting tables at banquet halls, even cutting diamonds. Every time a diamond was chipped, there went his entire weekly paycheck. Struggle was real!
After struggling for 9 years, an immigration judge finally granted Edgar permanent residency.
Ironically he won the green card lottery in the same year, despite applying every year for 9 years.
The very first stock he bought made $1,800 (92% gain) in one day when Hurricane Katrina rattled the energy market. He randomly chose a small energy company named Blue Dolphin Energy that happened to be in Gulf Coast. What were the odds?
Think about it statistically for a second, the odds of that happening is astronomically small. This was a sign from the universe that stock trading was the way to financial freedom.
Edgar breaks his one day record of profit from a penny stock Xechem Pharmaceuticals. Around the same time he lost $8,000 on GameZNflix, which was basically Netflix for games.
Size of gains didn't matter if you could lose a similar amount on another trade. What matters is the percentage of returns you can deliver on a consistent basis.
Edgar almost dies in an airplane when landing gear malfunctions and the plane barely stops off the runway in San Antonio.
He began developing panic attacks as a result and extreme aviophobia.
Edgar graduates with a BBA in Finance from University of Texas at San Antonio despite wanting to quit several times. Although already he was earning $90,000+ a year as a trader.
Algorithm based softwares were sweeping Wall Street, making scalping strategies difficult throughout the entire day.
Do you know what happens to your confidence when your average yield is reduced by 70%?
Most daytraders were disappearing due to algos. Trading firms including T3 in Irvine, CA and Kershner Trading in Austin, TX had full of empty chairs everywhere.
Up to year 2008 many high frequency traders were exploiting the markets with scalping, causing large financial institutions to lose billions of dollars. In response, Quantitative Analysts were hired to write algo programs to destroy retail daytraders.
Jim Cramer used to drink cheap scotch on a linoleum floor after a big loss. Edgar used to get drunk in his transformer mask. Kate Spade's 14% earnings fall cost him $5,500 in losses from a $1,080 gain minutes earlier.
He was up $1,080 after earnings release and immediately got too cocky. By the time he went to the kitchen, drank orange juice, made a 5 min. phone call and returned to his computer, the account was showing a loss of $5,500 from Kate Spade's reversal due to lower guidance. Lesson learned from not setting stop losses when away from the screen. Situations can change quick!
At age 35 another "aha" moment takes place in Options trading. HEDGING in inverse relationship securities can minimize losses and provide a constant stream of profits if executed correctly.
Consistency of profits drastically increased after constant hedging and covering of open overnight positions.
STOCKS BOOT CAMP goes online from traditional classroom teaching!
It is the first boot camp of its kind to teach professional fund management by combining Fundamental Analysis with Technical charting.
Having executed over 50,000+ trades in the last 16 years and analyzed over tens of thousands of charts, Edgar is averaging triple digit returns on an annual basis as a momentum scalper.