Wikipedia

Andrew Aziz

Andrew Aziz
Andrew Aziz presenting in a climbing suit at MoneyShow, Toronto in 2023
Born (1983-09-20) September 20, 1983 (age 41)
CitizenshipCanada, Iran
EducationPhD, Chemical engineering
Alma materUniversity of British Columbia
Occupation(s)Trader, investor, author, high-altitude mountaineer
Years active2014–present
Known for1) First Iranian man to climb Vinson Massif in Antarctica 2) First Iranian man to climb 7 highest peaks in 7 continents 3) Trading and investing books 4) "How to Day Trade for a Living" book
YouTube information
Channel
Years active2017–present
Genres
Subscribers597 thousand[1]
Silver Play Button100,000 subscribers2024
Websitebearbulltraders.com

Andrew Aziz is a Canadian trader, investor and high-altitude mountaineer.[2][3][4] He is known for his books on trading and investing, specially How to Day Trade for a Living.[5] [6] His books are considered classics in day trading and have been published in 17 languages worldwide and have been a best seller since 2016.[7] He is the first Iranian man to climb Vinson Massif in Antarctica,[8] and the first Iranian man to complete the mountaineering challenge of the Seven Summits, climbing the highest peaks on seven continents.[9][10]

Life and career

[edit]

Andrew was born and raised in Iran (Iranian name: Amin), but moved to Canada at age of 25 for PhD studies. He studied at Sharif University of Technology for masters, and graduated from the University of British Columbia with a PhD in chemical engineering. After completing his PhD, he worked as an engineer in Vancouver for AFCC, a Mercedes-Benz Group and Ford Motor Company research center until he lost his engineering position in 2014 and moved away from engineering to learn trading and investing. [11]

In 2015, he published his first book, How to Day Trade for a Living, which received attention from traders and investors, garnering overall positive reviews. Since 2022, Investopedia and Business Insider recognized Aziz's book as one of the best trading books of the year.[12]

He published How to Day Trade for a Living while he was climbing Everest first in 2015, where the Nepal 2015 earthquake happened. He had to spend 1 month extra in Khumbu valley near Everest basecamp, where he finished his first edition. All Everest expeditions were cancelled in 2015.[13]

In 2020, he founded Peak Capital Trading, a propriety trading firm in Vancouver, Canada, with focus trading the US stock equity market.[14] Peak Capital Trading is developing algorithms for opening range breakouts with research publications in the field.[15][16]

Day trading research

[edit]

Since 2023, Andrew Aziz has co-authored several academic-style research papers with Carlo Zarattini, published on the Social Science Research Network (SSRN), analyzing the profitability of systematic day trading strategies in U.S. equity markets. Their studies focus on classic technical setups such as the Opening Range Breakout (ORB) and Volume Weighted Average Price (VWAP) strategies, testing them against passive benchmarks like the S&P 500 and Nasdaq ETFs.[17]

One paper, Can Day Trading Really Be Profitable?, found that a disciplined ORB approach applied to leveraged ETFs such as TQQQ could generate annualized alpha exceeding 30% over multi-year periods, significantly outperforming passive buy-and-hold benchmarks. Another study, Volume Weighted Average Price (VWAP): The Holy Grail for Day Trading Systems, reported returns of over 8,000% using VWAP strategies on leveraged products during 2018–2023, with comparatively low drawdowns.[17]

Further research explored intraday momentum strategies in Beat the Market: An Effective Intraday Momentum Strategy for S&P 500 ETF (SPY), which produced nearly 2,000% cumulative returns between 2007 and 2024 with Sharpe ratios above 1.3. In A Profitable Day Trading Strategy for the U.S. Equity Market, Aziz and Zarattini extended ORB testing to thousands of U.S. stocks, showing that trading “Stocks in Play” with high volume and catalysts could deliver net performance above 1,600% with a Sharpe ratio of 2.8.[18]

In addition to profitable strategies, Aziz and Zarattini examined deceptive practices in The Art of Financial Illusion: How to Use Martingale Betting Systems to Fool People, highlighting how such systems can mislead investors by producing seemingly consistent returns through statistical manipulation.

Together, these papers contribute to the academic debate over whether day trading can generate sustainable long-term profits, with their findings suggesting that disciplined, rules-based strategies executed on liquid instruments may achieve persistent excess returns.

Research Work Cited

[edit]
  • Aziz, Andrew and Zarattini, Carlo. Can Day Trading Really Be Profitable? Evidence of Sustainable Long-Term Profits from Opening Range Breakout (ORB) Day Trading Strategy vs. Benchmark in the US Stock Market. SSRN Working Paper No. 4416622. First posted April 10, 2023; last revised April 21, 2025. Available at: https://ssrn.com/abstract=4416622
  • Aziz, Andrew and Zarattini, Carlo. Volume Weighted Average Price (VWAP): The Holy Grail for Day Trading Systems. SSRN Working Paper No. 4631351. First posted November 13, 2023; last revised April 29, 2025. Available at: https://ssrn.com/abstract=4631351
  • Aziz, Andrew and Zarattini, Carlo. Beat the Market: An Effective Intraday Momentum Strategy for S&P500 ETF (SPY). SSRN Working Paper No. 4824172. First posted May 10, 2024; last revised April 29, 2025. Available at: https://ssrn.com/abstract=4824172
  • Aziz, Andrew and Zarattini, Carlo. A Profitable Day Trading Strategy for the U.S. Equity Market. SSRN Working Paper No. 4729284. First posted February 16, 2024; last revised April 29, 2025. Available at: https://ssrn.com/abstract=4729284
  • Aziz, Andrew and Zarattini, Carlo. The Art of Financial Illusion: How to Use Martingale Betting Systems to Fool People. SSRN Working Paper No. 4678427. First posted December 28, 2023; last revised April 29, 2025. Available at: https://ssrn.com/abstract=4678427

High altitude climbing

[edit]

He is one of Iran's prominent climbers known as the "third wave", a group marked by its more global outreach.[19] This wave represents a significant evolution from the previous Iranian climbers generations, with climbers extending their expeditions beyond the local and regional mountains of Iran, and even past the renowned Himalayas and Karakoram ranges in Nepal and Pakistan. The second wave, which includes after Iranian Revolution climbers like Azim Gheichisaz, was known for pioneering ascents in Nepal and Pakistan. In contrast, the third wave climbers, often holding dual nationality Iranians living outside of Iran face fewer travel and visa restrictions. They are also typically well-funded and sponsored, allowing them to embark on ambitious climbing expeditions across various continents including Europe, South America, Oceania, and Antarctica.[20] A summary of some of Aziz's recent climbs are:[21][10]

Asia
Summit Elevation (ft) Elevation (m) Country Parent Mountain Range Note
Everest 29,029 ft 8,848 m Nepal Nepal Himalayas 2023
Cho Oyu 26,864 ft 8,188 m China China Himalayas 2024
Damavand 18,406 ft 5,510 m Iran Iran Alborz 2015 Winter ascent
Mount Ararat 16,854 ft 5,137 m Turkey Turkey Armenian Highlands 2023
Europe
Summit Elevation (ft) Elevation (m) Country Parent Mountain Range Note
Mount Blanc 15,781 ft 4,810 m Italy France Italy/France Alps 2019
Dufourspitze 15,203 ft 4,634 m Switzerland Switzerland Alps 2019
Weisshorn 14,783 ft 4,506 m Switzerland Switzerland Alps 2019
Matterhorn 14,692 ft 4,478 m Switzerland Switzerland Alps 2019
Dent Blanche 14,295 ft 4,357 m Switzerland Switzerland Alps 2019
North America
Summit Elevation (ft) Elevation (m) Country Parent Mountain Range Note
Denali 20,310 ft 6,190 m United States US Alaska Range 2023
Pico de Orizaba 18,491 ft 5,636 m Mexico Mexico Trans-Mexican Volcanic Belt 2018
Iztaccihuatl 17,160 ft 5,230 m Mexico Mexico Trans-Mexican Volcanic Belt 2018
South America
Summit Elevation (ft) Elevation (m) Country Parent Mountain Range Note
Aconcagua 22,838 ft 6,961 m Argentina Argentina Andes – Principal Cordillera 2022
Ojos del Salado 22,615 ft 6,893 m Chile Chile Andes 2025
Chimborazo 20,548 ft 6,263 m Ecuador Ecuador Andes – Cordillera Occidental (Ecuador) 2020
Cotopaxi 19,347 ft 5,897 m Ecuador Ecuador Andes – Cordillera Occidental (Ecuador) 2020
Cayambe 18,996 ft 5,790 m Ecuador Ecuador Andes – Cordillera Occidental (Ecuador) 2020
Antisana 18,714 ft 5,704 m Ecuador Ecuador Andes – Cordillera Occidental (Ecuador) 2022
Illiniza 17,218 ft 5,248 m Ecuador Ecuador Andes – Cordillera Occidental (Ecuador) 2021
Sajama 21,463 ft 6,542 m Bolivia Bolivia Andes – Cordillera Occidental (Bolivia) 2023
Illimani 21,122 ft 6,438 m Bolivia Bolivia Andes – Cordillera Occidental (Bolivia) 2023
Huandoy 20,866 ft 6,360 m Peru Peru Cordillera Blanca 2021
Chopicalqui 20,846 ft 6,354 m Peru Peru Cordillera Blanca 2021
Chinchey 20,699 ft 6,309 m Peru Peru Cordillera Blanca 2021
Africa
Summit Elevation (ft) Elevation (m) Country Parent Mountain Range Note
Kilimanjaro 19,340 ft 5,895 m Tanzania Tanzania Eastern Rift mountains 2021
Oceania
Summit Elevation (ft) Elevation (m) Country Parent Mountain Range Note
Mount Giluwe 14,327 ft 4,367 m Papua New Guinea Papua New Guinea Southern Highlands Province 2019
Mount Wilhlem 14,793 ft 4,509 m Papua New Guinea Papua New Guinea Southern Highlands Province 2024
Antarctica
Summit Elevation (ft) Elevation (m) Country Parent Mountain Range Note
Mount Vinson 16,050 ft 4,892 m Antarctica Sentinel Range, Ellsworth Mountains 2024

Books and publications

[edit]
  1. Aziz, Andrew, Sheehy-Kelly, Crede (10 August 2025). TradeBook: How to Build a Complete Day Trading System. ISBN 9-798-2962-8918-6
  2. Aziz, Andrew, Baer, Micheal (11 May 2021). Introduction to Trading Psychology: A Practical Guide to Improve Your Trading Psychology. ISBN 979-8-7460-9637-1
  3. Aziz, Andrew, Baer, Mike (19 November 2020). Mastering Trading Psychology: Improve Your Trading with Firsthand Reports by Real-Life Traders. ISBN 979-8-5634-5400-2
  4. Aziz, Andrew, Aaziznia, Ardalan (14 October 2020). Stock Market Explained: A Beginner's Guide to Investing and Trading in the Modern Stock Market. ISBN 979-8-6958-5032-1
  5. Aziz, Andrew, Pezim, Brian (2 October 2018). How to Swing Trade: A Beginner’s Guide to Trading Tools, Money Management, Rules, Routines and Strategies of a Swing Trader. ISBN 978-1-7266-3175-4
  6. Aziz, Andrew (12 June 2018). Advanced Techniques in Day Trading: A Practical Guide to High Probability Strategies and Methods. ISBN 978-1-7211-5126-4
  7. Aziz, Andrew (28 July 2016). How to Day Trade for a Living: A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology. ISBN 978-1-5355-8595-8

References

[edit]
  1. ^ "About Bear Bull Traders". YouTube.
  2. ^ Competiello, Christopher. "'A license to print money': A former chemical engineer and Ph.D. with no market experience now makes a living day-trading full time. Here's his 3-step process to finding that one successful trade that makes his day". Business Insider. Retrieved 2023-09-16.
  3. ^ "نخستین مرد ایرانی موفق به صعود به مرتفع‌ترین قله قطب جنوب شد". euronews (in Persian). 2024-01-21. Retrieved 2024-01-22.
  4. ^ "First Iranian to Climb Vinson Massif in Antarctica". IRIB News Agency (official I.R. IRAN News Agency).
  5. ^ Diiorio, Cameron (19 May 2023). "3 Things Every Investor Should Be Doing in 2023, According to Pro Trader Andrew Aziz". Nasdaq.com News.
  6. ^ Culture, Local (2025-03-27). "Meet the Day Trading Powerhouse and Gen-Z Creative Director Behind TEDx BBT". 604 Now. Retrieved 2025-04-02.
  7. ^ "Andrew Aziz: A Successful Trader's Journey from Wall Street to Everest's Peak". The Himalayan Times. 2023-08-23. Retrieved 2023-09-17.
  8. ^ "Iranian Climber Andrew Aziz achieves historic summit in Antarctica". The Himalayan Times. 2024-01-21. Retrieved 2024-01-22.
  9. ^ "عکس‌| صعود نخستین مرد ایرانی به مرتفع‌ترین قله قطب جنوب". www.khabaronline.ir (in Persian). 2024-01-21. Retrieved 2024-01-22.
  10. ^ a b "A World Record for Iran: First Iranian Man to Conquer the Seven Summits". The Himalayan Times. 14 June 2024.
  11. ^ "Aziznia becomes first Iranian to conquer Vinson Massif". Tehran Times. 2024-01-23. Retrieved 2024-01-24.
  12. ^ Tarpley, Laura Grace. "The Best Investing Books of 2023". Business Insider. Retrieved 2023-09-18.
  13. ^ "From Everest's Base Camp to Trading Bestseller: How Nepal Inspired a Trading Masterpiece". nepalnews.com. Retrieved 2023-09-17.
  14. ^ "How Peak Capital Trading is Giving Itself an Edge With a Proprietary TradeBook System". Money Times. 2021-05-20. Retrieved 2023-09-18.
  15. ^ Zarratini, Carlo; Aziz, Andrew (2023). "Can Day Trading Really Be Profitable? Evidence of Sustainable Long-term Profits from Opening Range Breakout (ORB) Day Trading Strategy vs. Benchmark in the US Stock Market". SSRN Capital Markets: Market Efficiency eJournal. SSRN 4416622.
  16. ^ "Day Trading has Evolved as a Profession: Peak Capital Trading is on a Mission to Perfect this Career". Yahoo Finance. 2021-05-20. Retrieved 2024-01-22.
  17. ^ a b Goldstein, Steve (2023-04-19). "Most day traders flop. These researchers say one popular strategy works". MarketWatch. Retrieved 2025-08-17.
  18. ^ "Award for study on day trading". 2024-06-06. Retrieved 2025-08-17.{{cite web}}: CS1 maint: url-status (link)
  19. ^ "Iranian climber achieves historic summit in Antarctica". Mehr News Agency. 2024-01-22. Retrieved 2024-01-23.
  20. ^ "صعود نخستین مرد ایرانی به مرتفع‌ترین قله قطب جنوب". دولت بهار. Retrieved 2024-01-22.
  21. ^ "Aziznia becomes first Iranian to conquer Vinson Massif". Tehran Times. 2024-01-23. Retrieved 2024-01-24.