Deepak UppalVerified
USIC 2023 5th place (+259.2%) · MMVR 2024 3rd place (+153.2%) — verified
🇺🇸United States· Chicago, IL
Cup & Handle / Bull Flag swing trader from Chicago — top-five USIC in 2023 at +259%, top-three MMVR in 2024 at +153%.
Deepak Uppal is a Chicago-based swing trader with an MBA from the University of Illinois. He finished 5th overall in the 2023 US Investing Championship at +259.2%, then moved up to the $1M+ Money Manager Division in 2024 and closed 3rd at +153.2%, having sat 2nd at the nine-month mark at +58.3%. Two consecutive top-five finishes across two different account-size tiers is the kind of result the championship's verification process exists to surface.
His approach is swing-trading equities, holding positions days to weeks, built around classic basing patterns like the Cup & Handle and Bull Flag, buying strength as leading stocks pull back and consolidate. Risk is capped at 1% of account value per trade, targeting a 3:1 reward-to-risk. The method didn't arrive overnight. Deepak spent years testing stocks, options, currencies and even Bitcoin before technical analysis, via Dan Fitzpatrick, William O'Neil, Dan Zanger and eventually Mark Minervini, gave him a repeatable process he could trust.
He's candid that the edge isn't chasing the biggest trade, it's discipline: cutting losses fast (his own rule, "your first loss is your best loss," was forged after a 14% overnight gap on a concentrated position), staying conservative in choppy markets, and resisting the leaderboard's pull toward oversized bets. Uppal is active on X at @duppal75 and has appeared on the USIC YouTube series and the TraderLion podcast.
Interview
Your equity curve closely tracks the QQQ. Does that mean your method only works in a bull market, and what do you do in a sideways or declining market?
I believe you need the market trending in your favor to get triple-digit gains. When it's choppy or in a downtrend, I get more conservative, smaller size, tighter stops, and I lower my expectations, taking smaller percent gains instead of swinging for the fences. Took me years to really internalize that. _____
What was your worst day or worst week over these past two years?
Early 2025, I was heavily concentrated in APP overnight and a short-seller report came out. The stock dropped 14% at the open. I sold slowly through the day, good thing, since it dropped another 28% in the days after. Biggest lesson: your first loss is your best loss. _____
You went from +259% in 2023 to +153% in 2024. Did the market change, or did your system change?
Both, really. 2023 was a bounce-back year off a bear market (Nasdaq +43.4%), 2024 was more moderate (+28.6%). I also moved from the regular $25k+ division to the $1M+ Money Manager division, which naturally makes you more risk-averse. My alpha relative to the benchmark stayed pretty consistent, but protecting a seven-figure base matters as much as growing it. _____
Trading a public, verified account changes behavior. More motivation or more pressure?
Both. You want to press good setups but you're constantly weighing risk, you can't blow up the account chasing rank. The hardest stretch is the last two months, you don't know how everyone else is doing and time's running out. _____
You've been in the markets since the early 1990s, but your championship results came only recently. What clicked around 2011?
Early on I was hunting for one silver-bullet trade, flipping between stocks, options, currencies, Bitcoin, chasing whatever the experts said. That changed when I found Dan Fitzpatrick and technical analysis, then William O'Neil, then Dan Zanger for chart patterns, then Mark Minervini. It wasn't an overnight shift, it was years of building my own process until I realized the game isn't one big trade, it's a repeatable edge executed consistently. _____
Sources
- Deepak Uppal's 259% Trading Strategy — TraderLion
- 2024 USIC Final Results — BusinessWire 2025-01-27
- USIC 2023 Final Results — BusinessWire 2024-01-26
- USIC Nine-Month Results 2024 — BusinessWire
- Interview with Deepak Uppal — YouTube
- Deepak Uppal on X / @duppal75
- Financial Competitions — Previous Standings
- Linkedin· official

