Interview with Pablo Martinez Garcia # 3 WINNING TEAM LEADER

How would you describe your overall experience of the competition? Did you take it seriously or was it more a bit of fun for you and your team?

This time we have approached the WSDT in a different way. We have the experience of the last calls from the WSDT and this has made us face the competition differently. We have managed to keep the account until the last day, doing the best Trading that we could, with the aim of scoring.

It has been a complete challenge for us because although it is not scored by teams, we wanted to give the maximum value to the TradingCero Team members with the live shows that we do every day on YouTube, making them longer with the objective of having a place where they can share their analysis and operations for as long as possible during the competition.

What advice would you give to new traders who have tested the waters of day trading with you in the competition and are preparing to face the challenges of the real world?

These competitions are the perfect scenario for people who want to get closer to the world of Trading to do so without any kind of risk or investment. It is an excellent experience for people who have never done Trading on a professional platform like the one offered in the competition.

Once the competition is over the only advice that I would give a person who has never done trading in real life is to analyze the experience that they have had and if they liked it, take advantage of the Tradenet training packages on offer to get experience of an account funded by a moderate investment.

Did you change your business strategy to adapt to the competition? Did you take more risks, or play safer than you usually do?

Yes, of course. We established the risks for each operation and checked newspapers other than those that we normally have with the aim of making the most of all the Competition’s Trading sessions without being disqualified.

INTERVIEW WITH Ruben Cano and Oscar Malagon #2 WINNING TEAM LEADERS

How would you describe your overall experience of the competition? Did you take it seriously or was it more a bit of fun for you and your team?

The WSDT competition was a very interesting exercise with our community, because it allowed us to work together with them for a common objective.

The competition shows us once again that students must see the entire process, as a trading tutor you don’t lose anything by teaching and demonstrating by example, how you operate in real time, on the contrary, this allows you to create a community of excellent traders, something that we call collective intelligence.

Being a competition, the strategy regarding risk changes. It is easier to work a trading system for 6 days than for 1 year. This also demonstrates that the activity is a business, and the trading systems should be adapted to what is expected of it.

What advice would you give to new traders who have tested the waters of day trading with you in the competition and are preparing to face the challenges of the real world?

Our advice to the traders who are starting out in this business it to treat it as a company, day trading is the most difficult activity within all of the speculation styles, but as we saw together during the competition, it is very important that beyond trading tactics there is a method of working that allows them to get from point A to point B in a systematic and consistent manner.

Another piece of advice that we always give is “don’t carry out lots of different actions”, it’s better to stick to one individual event. In other words, it’s easier to be consistent if you trade every day, the same time, the same tactics, and the same action.

Did you change your business strategy to adapt to the competition? Did you take more risks, or play safer than you usually do?

This was our game strategy throughout the tournament, explain to the community what we were going to do in every hour of the session, but also teach them where they should be looking for these events.

Another thing that helped us a lot was to have an algorithm that told our traders when to continue trading and when they should stop, this I believe was decisive to keeping us in the competition.

Our trading room has at least 5 traders in attendance who do live trading, dictate live entries, and manage positions in real time. This was a very powerful tool for our team members as it meant that they aren’t going to war alone, they have company and advice in real time, from people who have already travelled the path that they want to walk.

Thus, in our trading room our team’s participants got quality investment ideas,
position management to minimize losses when something didn’t work, maximize gains when something worked, and not least, indicate when to stop trading and when to continue.

So, dear traders, how can we help you?
Greetings

INTERVIEW WITH Stelios Stylianou #1 WINNING TEAM LEADER

Another WSDT competition came to an end. This year, I chose not to participate myself with a competition account and focus on helping my students take the first place. And we did it once again. Like we did in every single WSDT competition one of my students took the first place. This wasn’t just luck. We provide our student with all they need to excel in daytrading.

If you are a new trader and you tested the waters with this competition, you got a real taste of what is like. If you really want to pursue this and excel in this field, I recommend to educate yourself, learn the ins and outs of daytrading and face it as a business. Learn and apply risk management rules in every trade. This will protect your account from blowing up. If you have a winning strategy, with risk management rules, you will finish every month profitable. That’s just math. The best way to start is to use one of Tradenet’s funded programs, where the risk is minimum for you. With these funded programs, you get enough buying power to get you started without the need to deposit $25k of your own money, like most brokers request.

Just make sure to follow this roadmap.
1. Learn a profitable strategy. Make sure this strategy gives you over 60% win rate.
2. Apply risk management rules to your strategy to protect your account. Know when to stop and when to take profit.
3. Start small with a funded program and don’t risk $25k from your own money. Trade your account as you would run a business. Know your numbers. Potential profit vs potential risk. Always have a max risk per trade and never break this rule!
This has been my passion for many years and I am really excited watching that new people discover the power of making money on their own terms. That’s what trading gives you. Freedom.

INTERVIEW WITH JOSEPH PRICE | #1 IN OVERALL RESULTS

Describe your strategy during the competition – did you have a plan, or decided to take advantage of the situation on the spot?

I had a plan to get a big win early in the contest and that is what happened. From there on in risk management was the key to my win.

What were the key factors, in your opinion, that helped you to achieve victory?

A black swan of a day in the market for Day 1 helped tremendously. Patience, risk management, and using my go to strategies were key for me.

Were there any key moments that set you on the path to win the competition – planned decisions, luck or crucial mistakes?

The first trades I took on APVO the first day were really home run trades and set my pace for the rest of the competition.

INTERVIEW WITH CHRISTIAN DAVID INGA CALVACHE | #2 IN OVERALL RESULTS

Did you have a plan, or did you decide to take advantage of the situation there and then?

I defined a trading plan whereby I established a risk unit of US$1700 per trade. If I had two stop losses, I would stop and stay within the rules. If, however, the result was positive, I continued for as long as I considered it appropriate.

In your opinion, what were the key factors that helped you to achieve the victory?

The key was risk management and complying with the rules of the tournament, that kept me in force throughout the competition. I also set a goal for the final balance and this is why I didn’t take any more risks at the end of the tournament.

Were there key moments on the path to winning the competition: planned decisions, luck or crucial errors?

Of course, there were key moments, which combined a bit of luck with planned decisions. For example, on the first day of the competition I made a supremely positive trade but as the platform failed, I couldn’t close it, and I ended up breaking even. They then informed us that they did not count this day and that they had postponed the beginning of the tournament. Later, everything was more grounded and as I said before, I fulfilled my trading plan without breaking any of the tournament rules.

For more information, follow the link:
https://youtu.be/wUIRI1tStoM

INTERVIEW WITH FRANCISCO JAVIER REINA VERGARA | #3 IN OVERALL RESULTS

Describe your strategy during the competition: did you have a plan, or did you decide to take advantage of the situation on the spot?

Yes, I had a plan. My plan was based on a daily risk of 3000 USD divided into 2 trades. Each one had a maximum risk of 1500 USD. My strategy was based on range breakouts and, to a lesser extent, on reversals.

What were the key factors, in your opinion, that helped you to achieve victory?

I think my success was based on following my plan 100%. I respected the strategy and the previously marked stops.

Were there any key moments that set you on the path to win the competition, any planned decisions, lucky strikes or crucial mistakes?

Yes, Day 5 of competition. I knew I had to wait for the opportunity to catch a trend, and that's what I did that day. I took full advantage of this trend, and, thanks to that trade, I got 27,000 USD which enabled me to move up to the top ranks.