7 Steps for New WSDT Participants

Тhe WSDT I was swamped with traders from all around the world coming together to compete for amazing prizes. Amongst this large pool of traders were a good number of begginers who wanted to have a taste of this renowned competition.

This is, therefore, the right juncture to put together 7 steps for beginners who would want to participate in the next WSDT.

Step 1: Device a plan

A plan would always put you one step ahead of others in WSDT. A good plan for WSDT would entail your trading time, volume and the overall outline on how you would like to win the WSDT.

You must also factor in your profit size and the type of market movements you would like to follow.

Step 2: Develop a strategy

The greeks were able to enter the well-fortified city of Troy and win the battle because they had a good strategy. In trading, a larger percentage of your success would depend on your strategy.

A strategy is crucial in WSDT and for that matter, you would have to find, adapt and advance in strategy that works best for you.

There is a good list of strategies that were used in WSDT I which demonstrated efficacy and good results. They are:

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In addition to the strategies above, most mentors in WSDT utilized or applied one of the following techniques:

  • Utilize charts and patterns – Volume, price pattern, candlesticks patterns
  • Follow trends/market movements
  • Trade on news
  • Technical and fundamental analysis
  • Taking advantage of weak/low stock (contrary trading).

Step 3: Manage your emotions

Managing your emotions is a big part of this competition. In a highly competitive contest like WSDT, anxiety and other emotional factors throw many people off the cliff.

You must be able to control and maintain your emotional state during even when your trades are going against you. This would keep your focus and enable you to restrategize and come back stronger. Read more on our article The right emotional and mental psychology for WSDT.

Step 4: Join a team

As a beginner, it is very important to join a team. Every team has a mentor who is well versed in trading, not only that, but you would be able to find experienced traders in the team as well.

This would help you draw from their experience and get a good understanding of trading and the competition as a whole.

Advantages of joining a team:

  • You get watchlists, indicators and trading signals from your mentor
  • You get the chance to ask questions and receive help pertaining to all difficulties concerning your trading
  • You have access to educational videos, live trading sessions, and other essential resources
  • You are able to learn from other experienced traders
  • Communication with mentors and other team members on the team’s communication channels such as Discord etc. gives you more insights and important alerts to stay ahead.

Step 5: Calculate your risks

Risk is one of the core factors you cannot overlook. WSDT favors day traders who are able to well manage risks. There are two main suggested ways to manage risks:

Cut losses with limit orders

The limit orders are created to curb or limit losses in day trading. Many competitors blew up their accounts because they were not able to manage their losses.

As you already know, the WSDT account has a loss limit, it would be prudent to overtrade and blow your account.

How to use the limit loss to cut losses

  1. For short positions, place the stop loss or limit order above the recent high
  2. For long positions place the limit orders below the recent low
  3. It can be placed a few intervals from an average price movement, based on how volatile the stock is.

Step 6: Maintain small trade sizes

The most common advice mentors give to beginners is to go in with small trade sizes. If you go in for large trade sizes it means, a little spread on the stock will affect your trading drastically. It is advisable to go in small, this will enable you to manage and focus on your trades.

Step 7: Make time to practice

\”I don't fear the man who has practiced 10,000 kicks. I fear the man who practiced one kick 10,000 times.\”

Bruce Lee

Practicing is very important in day trading, and as far as this competition is concerned. You would need to set some time apart to practice, learn from your mistakes and adapt to your strategies. Consistency is what would set you apart from other traders in this competition.

Momentum Strategy for WSDT

Currently, the momentum strategy is one of the most widely used strategies in day trading.
Today, we would take a look at it from various angles as a subject matter and whether it makes the cut as a top-level strategy. We would also take time to answer crucial questions such as:

What Is the Momentum Strategy?

Some believe momentum(a.k.a trend-following) strategy is an investment strategy that takes advantage of the continuance of existing market trends. That is hitchhiking on stocks that the majority of traders or investors are buying.

It involves stocks showing heavy upward trending and short the respective assets with down-trending.

The core ideology of momentum strategy is that large increase of stocks will be followed by additional gains and the other way round. It is largely influenced by market timing based on recent trends. It also takes into account the volatility of stocks.

Momentum strategy grabs the trends that have the ability to hold off for a considerable amount of time by keeping up with a trend.
In the long term effect, financial markets go up but in recent decades, there has been a sharp increase in volatility.

It is however very important to note, that momentum stocks can fizzle out when not buttressed with solid fundamentals.

How Is the Momentum Strategy Used In Day Trading?

Momentum strategy incorporates a pattern of stringent rules embedded in technical and analytical green lights that influences entry and exit points for certain stocks in the market.

Most day traders use this strategy to juice out trading signals from two long term moving averages, one a bit shorter than the other.

Day traders, who use momentum strategy as the playing card, use another derivative of this strategy, which consists of signals based on price to trade on EFTs with the strongest momentum while shorting the ones with the weakest momentum.

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Is the Momentum Strategy Popular Among Day Traders

In a broader perspective, every trader in one way or the other follows a trend, and this is what makes momentum strategy popular among day traders.

The underlying concept that stocks that have risen in the past tend to keep rising, and stocks that have poor performance tend to keep failing makes it a catchy gospel for most day traders.

Ali Biggz, one of the Top notch WSDT mentors eulogized the momentum strategy with these words:

“I think the momentum strategy is the best strategy to use because in most cases, a
stock that has good upside or downside momentum has some sort of catalyst. With a
good catalyst comes volume and with volume, comes good range.

Combining momentum trading alongside other strategies like pivot points, or reversals,
can really give you an upper hand in the market, especially if you have learned how to
interpret the news, and how that news is going to make the stock do certain things.”

Is momentum a good strategy for WSDT?

In a general overview, quite a number of mentors used this strategy for quick gains to top the charts.

Jeremy Newsome thinks it is a good strategy for WSDT because:

  1. It gives a very good volume value indications
  2. It paints an in-depth picture of the bullish stop entry and stop-loss exit
  3. Excellent price trend indicator

Ali Biggz solidifies it with affirmative comments on why he thinks the momentum strategy is good for WSDT by saying:

“Momentum trading is going to be good for the WSDT because stocks that have high
momentum will give you good range. A good range equals a great opportunity for you to
make money. This is because major support and resistance areas have been broken, or
will be broken and previous gaps will be looking to get filled.

It also allows you to be able to get in and out of a trade and take quick profits. Versus being in stock with very little volume and no momentum”.

Final Thoughts

The momentum strategy is a good strategy for day traders with brisk trading philosophy. As a matter of fact, it falls in line with the nature of this competition and some mentors have already concurred with this concept.

However, it would be a laudable idea to use it with strong fundamentals for good gains.

Interview with Ali Biggz

“…slow and steady wins the race”

Ali Biggz

Ali Biggz and his team had a good run in the just ended WSDT. We have put together highlights from an interview we had with him, to draw from his experience, strategies and his whole outlook on the competition as we did with #1 team leader Stelios Stelianou and Pablo, who came up third.

How does it feel to be an accomplished Team Leader of WSDT? Does it feel like an important milestone in your mentoring career?

It feels pretty good being someone who leads a team into a trading competition.

As day traders, we are all continuously growing and I feel honored to be able to help people advance their career in trading and kind of support them every step of the way, especially because when I was trading I never had that.

How would you describe your overall experience with the competition? Was it more of a challenge that you took seriously or more of an entertainment event for you and your team?

I think the overall experience was amazing, everybody loved it, everybody had fun. It was a great contest, it gave people the ability to actually trade and get that real emotion even though they are trading with a demo account.

Emotion is the most important part of trading and by doing a competition like this, and where essentially there are prizes on the line, gets people’s heart pumping in and out of the trade. I think it was amazing and great and personally, I think a lot of people took it seriously.

Your team

Do you have any message for your team at this very moment?

I am so proud of every single person in my team. Everyone on my team did so well, they tried so hard.

Every morning, we came together and discussed trades. Discord was going off the hook, a lot of people loved what was going on and a lot of people learned a lot on the way and that is a big part of the entire thing.

I want everybody to learn going forward without damaging their bank account.

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

Honestly, I think everybody experienced that taking a big size in this competition can really crush you.

Not only does little spread on the stock affect the way you are trading when you take a heavy size but also you have the ability to scale into a position given the size of your account and that's the important thing.

I think you guys gotta prepare to cut loses really quickly and let your winners run and that's a big part of trading overall.

Was it hard to coordinate such a great amount of traders? What are the new challenges that you had as a mentor?

It wasn’t hard to get together and coordinate everybody simply because we had Discord.

I put my watchlist on my Discord channel every morning before the market opens, people have plenty of time to go over the trades and look at the stock and see where they wanna enter and exit.

I think coordinating was very good, it was very important. I have no regrets about how I coordinated the entire thing with my team.

What kind of feedback did you get from your team? Will it affect your approach to leading and mentoring in the future?

I think a lot of people wanted a lot more of a live commentary kind of thing, so I think in the future we gonna try and approach that, and in the next competition that would help people out.

What was the overall sentiment within a team? Were they competing with each other, or preferred to help each other out?

On my team, everybody had one goal and that one goal was to get the team to the top.
Obviously everyone had their individual goal, but the best part about this competition is that once one person succeeds it affects the entire team, and that was a very important thing for me.

I didn't really find anyone trying to jump over each other, everyone was working as a team and that was the best part of this entire thing.

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How was paper trading during the competition different from trading on a real account?

In terms of emotions and technicalities, like I said earlier, I think that for this competition trading under a paper account is pretty close to trading in the real account because what is happening is that a lot of these traders actually feel their heartbeat when they are in and out of the trade and that is exactly how it feels when you are in a real trade.

A lot of new traders, when they are in a trade, their heart is racing, their palms are sweaty and that is exactly the feeling that this competition gives traders.

Did you change your trading strategy to adapt to the competition? Maybe took more risks or played safer than usual?

I personally took heavy risks on this competition but as I was mentoring my team and my people in the WSDT, I made sure that they knew that slow and steady wins the race.

A lot of the top 3 guys on my team, who actually won prizes, were simply people who didn't take big hits, who didn't take big risks and who steadily increased their account profits by having $1000- $2000 days.

Was there anything special about the market during the competition? Any events that affected your strategy?

As a day trader, I trade where the charts are, I trade the news. So it really didn't affect my strategy, I was just simply trading off my level, my pivots, my indicators that I had gotten confirmation on. My strategy did not really change.

Mentoring during the WSDT

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

As I said, my strategy was personally going heavy and that was simply because I was trading on a live account. I do it full time and I needed to make money on my real account.

So, in the mornings I would spend about 15-20 mins on the competition account and whether I am in or out, I wrap it up and get back into my real account and start making trades.

However, I warned everyone in chat about this and said \”you guys need to take it slowly if you're gonna win and you need to cut your losses really quickly because the max loss is very small for a $240,000 account and you guys need to let your profits run as much as you can”.

Were there any key moments that set you on the way to where your team has ended up – planned decisions, luck or crucial mistakes?

I think as a community that I have right now, there are a lot of new traders in there, a lot of people who are just starting out and for the way they competed in this competition, the way they finished in this competition, not many of them blew up and not many of them had big red days and that was amazing to me.

I feel honored to be a part of a community that managed to cut their losses really quickly and finish the competition without blowing up, which in itself is an achievement.

What did you have to change in your mentoring style to adapt to the competition conditions? (Change your communication channels, engage with your team more than usual, change your trading strategy, etc.)

Not really much, we stuck to the plan and what I do every day. Every morning I give premarket notes to people, mentor them after the market is closed, discussed trades, go over what happened, what went wrong, what didn't go wrong and that was my strategy and that has been my strategy.

That is how I help people grow their accounts every day and that is the exact same plan we had going forward.

What factors, in your opinion, kept you from taking the first place?

As I said, for me, one big aspect of it was that I was going in with a very big size. I was trying to hit a home run or go back to trading with my live account.

The fact that mainly kept me from going to the first place was probably trading with my live account. It was more important to me as I needed to pay bills, so I simply started trading with my live account but I think the main thing here for a lot of traders was that they had a big account to trade with.

They need to understand that with a big account if you are taking positions that are 10,000 and the stock is down 50 cents. If there is a bit of a dip in the stock you are already halfway, you are in the hole. That is a fact to take into consideration for the next timer.

The right mental and emotional psychology for WSDT

“Any feeling I have about the market is not reciprocated… it is the ultimate cold shoulder we are talking about here.”

Warren Buffett

It goes without saying that competitions drain mental energy, build-up overwhelming pressure and throws you into an emotional roller coaster.

No matter how successful or experienced a day trader is, there is always one important factor that seems to be an inevitable watch zone – trading psychology.

Day traders all around the world would agree to the fact that their mental and emotional state plays a vital role as it goes a long way to affect the trading outcome.

Day trading psychology is like a piece of an iceberg that has sunk many “titanic” traders. Simply because most day traders ignore its importance in achieving good trading results.

With competition like WSDT, many day traders across the globe come together to compete with some of the finest strategies and techniques. This thought alone can send you into an emotional state of anxiety. So, here are some ways that can prepare you and put you in a balanced emotional and mental state for the WSDT.

Revenge Trading

Revenge trading has been a major negative behavioral trading mentality of traders since day trading began.

Some of the best or most experienced of traders fall into this trap…sometimes we all get carried away, don’t we? And that is where more harm can be caused.

Revenge trading as the name goes is when a day trader just enters a trade irrationally to recover from his loses. Our instinct as humans and for that matter as traders, sensationalize day traders to make quick recovery whenever they lose.

This emotional quickening is what leads most traders into quicksand which leads them into further loses.

How to Avoid Revenge Trading

Most experienced day traders will tell you that, keeping calm is one major discipline every trader must be able to master. If you lose on a trading position, that is a very good time to go back to the drawing board to restrategize, adopt and modify for a better comeback.

Most often, this emotional and mental discipline works, and it gives a better come back to recovery.

Every athlete, has in one way or the other experienced some form of muscle pull before, do they continue running when they have a muscle pull? Who does that?

They come back to the bench get some treatment, analyze what went wrong and return with a better run.

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Trade Gluttony

Every day trader wants to make good profits in trading, one of the greatest temptations that come with this is overtrading and force trades. In a sense, being an Oliver Twist trader and that’s what we term as trade gluttony.

There is nothing wrong with placing a large trade size or taking calculated risks, but forcing a trade or overtrading based on the whims of overexcitement of a major win is something you must save yourself from.

Overtrading and force trades are the main reasons why most competitors in WSDT lost their positions (as seen in a real case scenario of Gary K in WSDT I).

As you prepare for WSDT II, it is would be great to know your limits and where you would draw your lines.

Taking Wild Guesses

Well, many people believe in luck, but a competition like WSDT isn’t for the wishy-washy kind of day traders. As much as luck might have a role to play, you can’t just close your eyes and make wild guesses to make good earnings in day trading.

The market moves with trends and other salient factors, taking a gamble doesn’t work.

It takes some form of effort and good analysis to make some good earnings. This is the reason why you should try to lay your hands on some good educational materials and tools to help you make solid and effective day trading decisions.

We also recommend you to go to our website and choose a mentor. The will mentors train, equip and guide you through the WSDT competition. They provide tools and trading signals to make good trades.


Discipline is the fulcrum of every trading style or strategy you would ever use in day trading. In day trading you need to know when and where to draw your limits. This restraint is going to save you from a lot of misfortune.

All most all the WSDT winners mentioned discipline as one of the single most important element that seals a good strategy for WSDT.

Here are some of the main areas to apply discipline in WSDT:

  • The preciseness of your stop-loss
  • Strait-laced money management
  • A proper check on the market
  • Read patterns of the chart
  • Avoid Impulsive trading
  • Kill the lust of quick gains
  • Focus on the trading process rather than the results
  • Always analyze the risks

Break-in/Break-out Strategy for WSDT

Deploying the right strategy is one of the most important factors that give you an upper hand and a strong foothold in any competition. As we already know, WDST is intense competition and traders from all around the world bring on their best strategies to win.

Therefore, understanding and choosing the right strategy is very crucial.

There is a wide array of strategies that can be used in day trading. In WSDT I, the popular strategies that were used by the winners are:

  • Reversal
  • Momentum
  • Break-in/breakout
  • Pivot points

In this article, we will shed more light and delve into the break-in/breakout (also called “breakout”) strategy.

What is a breakout strategy?

Breakout means moving out of defined range or borders, therefore the breakout strategy is simply when the price of a stock moves out of defined support or resistance where you can see an increased volume.

In other words, when the price of a stock moves out of the resistance or support range it increases the volatility of that stock, and that is a breakout.

What makes this strategy very important is the fact that it shows price trends, prospective volatility, and relevant price changes.

How is a breakout strategy used in day trading?

As a day trader, it is very important to note when it is a good point to cash in and the right time to ‘bail out’. You must first check the flow of the recent behavior of the stock to get a plan. Use the recent price action to create a price target.

You have to factor in the price pattern of the stock, which is the point(s) between the ‘upper’ and ‘bottom’ lines drawn on the trend. This will help you to set the right price target and help to forecast when the stock breaks out.

Also, when using the breakout system, one important factor you must consider is discretion. This is needed to reduce fakeouts and false signals.

If the trend of a stock’s price is going up and a straight line cannot connect the bottoms of the price action, it doesn't mean there is no moving action or trend. In fact, this implies that you cannot take this trend as being contained by a single thin line.

Break-in/break out Strategy – Uptrends

These are the signs to look out for:

  • When the candles are bullish
  • Volatility
  • It moves very well on trend
  • Momentum is a great advantage
  • Fast price movement

Break-in/break out Strategy – Downtrends

These are the signs to look out for:

  • False breakouts can mess your trade
  • Slow price movement
  • Low volatility

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Is the Break in/breakout strategy popular among WSDT mentors?

There are two things we would like to highlight here:

  • The fact that this strategy worked for some mentors who had certain perception.
  • Principle of risk-taking and aggressiveness in day trading.

However, it wasn’t in the good books of some mentors, which falls on the fact that it didn’t fit into their core philosophy and principles of day trading.

For example, Pablo Martinez Garcia liked this strategy, he said:

“I think it is the best strategy for WSDT because it allows to operate a large number of actions during the first minutes of the market and obtain good results”.

But Ali Biggz didn’t like this strategy that much, he said:

“I think unless you are a very seasonal trader, with very strict discipline, this can be a disaster in today’s market. This type of trading involves taking a higher risk, but also requires that you have a very tight stop-loss”.

Is the Break-in/breakout a good strategy for WSDT?

This is what Gary K, one of the winners of WSDT I had to say about the breakout strategy:

“I chose the breakout and breakdown trading strategy which aimed at finding stocks that are moving and then hit the gas pedal once the stock showed a violent pattern in one direction or another. The breakdown style got me the highest gains during the competition.”

Interestingly, this is what Ali Biggz, who seems to be coming from a different “school of thought” on this strategy, had to say before WSDT I:

“Breakout or Breakdown strategy is a risky strategy to use in the WSDT because many people entering this competition are going to be new traders. With that said, many new traders are not using hard stops as much as they should be. This is a recipe for disaster because if you buy a breakout, and then the stock does a false break out, you have to be able to get out of a trade quickly.”

According to Ali’s words, It would take a good deal of discretion and readiness to take risks to use this strategy. In as much as you cannot rely on fast-moving price trends as a sole reason to trade, it makes this strategy quite risky to use.

Final thoughts

While we would describe the breakout strategy like taking advantage of the high good waves and riding it, there would be times where that high rising waves wouldn’t be available, and you would need to factor in another strategy to win this competition. Also, consider the fact that false breakouts can occur and they might ruin your trade.

Nevertheless, this strategy can be very profitable in instances where certain events on the market have spiked up violent movements of stock prices.

Our overall verdict on this method of day trading would be that it is a very good strategy which several winners in WSDT I utilized but you must have a high level of discretion and a high risk-taking spirit to make the best out of it.

Pivot Points Strategy for WSDT

One of the well-known strategies which come up in most day trading discussions is the Pivot points strategy.

In this article, we will dissect this strategy and answer some very important questions such as:

  • Is it a good strategy for WSDT?
  • Is it possible to win using this strategy?
  • What do WSDT mentors think about it?

What is a Pivot Points Strategy?

Pivot points strategy is calculated from closing prices of previous trading sessions. In the case of stop loss and profit-taking, day traders can use the pivot point strategy to calculate their support and resistance levels as well. It can also be calculated on highs and lows. In most cases, they are used to predict support and resistance levels in a session, be it current or upcoming.

How is the pivot points strategy used in day trading?

Financial analysts use different ways to calculate pivot points. We will talk about some of the common ways or, let's say, the most used among day traders.

Let's pick and discuss a method called the five-point system. This method is quite popular among day traders, especially the ones that use the pivot points strategy.

Basically, the five-point system is used to derive the pivot point by utilizing the high, low and close in conjunction with the two support and two resistance levels, which should make up a total of five points. All the data used for the five-point calculation must be from the previous day.

This is how to calculate it:

Step 1: Find the pivot point by taking the average of the previous high, low and close.

Pivot point = Prev high + Prev low + Prev close, all divided by 3.

Step 2: Find the first support, multiply the pivot point by 2 and subtract the previous high from it

S1= (pivot point *2) -(prev. high)

Step 3: Find the second support, subtract the previous low from the previous high, then subtract it from the pivot point.

S2= Pivot points-(prev. high -prev. low)

Step 4: Find the first resistance, multiply the pivot points by 2 and subtract the previous low from it.

R1= (Pivot points*2) – Prev. low

Step 5: Find the second resistance, subtract the previous low from the prev high and add what you get to the pivot point.

R2= Pivot points + (Prev high – Prev low)

Another way of calculating the pivot point is by finding the average of yesterday’s high, yesterday’s low, yesterday’s close and today’s opening. That is, the sum of all the above-mentioned parameters divided by 4.

In day trading, the pivot system can show you the following important things:

1.Market Trend

If the pivot point breaks in an upward movement, then it is a major indicator that the market is bullish, if the pivot point breaks in a downward trend, then the market is bearish.

2. Entry and Exits

If the price of a stock breaks at a resistance level, a limit order must be put in. Stop-loss can be put near or at a support level.

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Is the pivot points strategy popular among day traders

The main advantage of this strategy is that it helps you to make good trades based on market trends as we indicated earlier. Most traders use this method in a stable market environment to make substantial profits in day trading. This method is not aggressive, it allows you to determine where to exit and enter trades as well as note favorable points in placing stop losses.

In contrasting view, it is seen by some day traders as a very conservative style with few values or volumes of trade. This method can’t be used in certain market conditions, especially unstable or fluctuating ones.

A number of day WSDT mentors gave a thumbs down on this strategy, let’s see what they had to say:

The Pivots Points strategy is the one that least adapts to my negotiation style since it is a technical analysis possibly more used for long-term trading. I use the pivot points as an
instrument or analysis to avoid entries in false opposing revolutions but not as strategies”.

Daniel (from I&CB)

Is pivot points a good strategy for WSDT?

Most of the mentors describe this strategy as least preferred. For them, this method might not be very suitable for WSDT. These views emanate from the fact that the pivot point strategy has biased analytical procedures and calculations which is a good fit for long term trade and general market review.

Snippets of interviews with the WSDT mentors below will give you insights into what they really feel about this method being used in WSDT:

“…therefore, it is not going to offer enough opportunities and those offered are not of quality”

Jose (from I&CB)

Although it is a strategy used by many traders, the pivot points are used for swing or
longer time strategies, in the WSDT fast strategies are needed, such as scalping and
taking advantage of the platform to read the supply and demand.”

Daniel (from I&CB)

Final Thoughts

As we have highlighted throughout this article, a pivot point strategy has a somewhat strong analytical foundation and might be a good “tool” for analysis in combination with another strategy. It is used by many day traders around the world with a conservative approach in stable market conditions.

On the other end, many WSDT mentors don't have it in their preference list. This might be largely due to the fact that it doesn’t go with the fast pace and fierce productive nature of WSDT.

Interview with Rolf | #1 in Gil Paz Team


Tell us a bit about yourself. Where are you from?

I am from Germany but live in Ireland and Spain

How, when and why did you start day trading?

I started with currencies about 6 months ago after 3 months of preparation.
I started day trading of shares with this competition

How did you learn about WSDT?

Through Gil Paz who helped me learn the trade

Why did you decide to join the competition?

Because Gil said I should…. And I wanted to try it

What was going through your mind when you learned that you had become the winner of WSDT?

I was surprised for many reasons:
I am new to the platform
I am new to day trading
I knew I am one of 6000 mostly very experienced traders

Did you really expect to become the winner? Was it your ultimate purpose?

No, I just gave it a try and also wanted to learn from it

Your team

How and why did you pick (team name)?

The team name is Pipsologie and it is the team of Gil Paz who is sort of a mentor to me.

How has your mentor been helping you and your teammates during the competition?

Just through the trading room

Did you feel the tension in your team as you’ve been competing with each other or you did support each other instead?

No not at all, I did not know any of them

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What were your trading style and strategy for this competition?

I started conservatively because I had no access to the trading room and was unsure about the platform. So I traded companies I know well (SAP CAN BABA).
After I got access to the trading room I took advantage of suggestions made there.
I traded not more than 3 stocks at any time so I could watch them. I traded large positions without stop loss (mainly because I did not know how the system supports this) and closed them manually as needed.

Which stocks did you trade?

BABA , SAP, ACN, ROKU, SQ, BB also 2 IPO stocks, I forgot the names


Will you take part in the competition next time?


What should you focus on more to become the winner of the next-year competition?

I need to understand the software 100%

What would you recommend to the WSDT team to make the competition better?

It would help if the results would be available after a trading day

Interview with Gurtej | #1 in Jerremy Newsome Team

“A vision to move on from day job and the chat room alerts from Tradenet helped me to win the competition.”

Country: Canada
Team: Gurtej | Jerremy Newsome Team
Profit: $11,174

About Gurtej

Tell us a bit about yourself, where are you from?

Toronto, Canada.

When did you start day trading?


How did you learn about WSDT?


Why did you decide to join the competition?

I really needed an opportunity to put theory into practice. I was confident as I have been trading for quite some time.

What was going through your mind when you learned that you were among winners from one of the TOP 3 teams?

I felt accomplished and confident for a great trading career. I also felt mixed emotions of accomplishment and fear to fail the opportunity that I am just provided with.

Did you really expect to become the winner? Was it your ultimate purpose?

I did expect to be in the TOP 3. I was confident as I have been trading for quite some time.


How and why did you pick your team?

I watched a few videos from some of the team leaders and I felt I liked Jeremy.

How has your mentor been helping you and your teammates during the competition?

Sending me recap videos of the previous day.

Did you feel the tension in your team as you’ve been competing with each other or you did support each other instead?

We did compete with each other hard as our overall team standing throughout the competition wasn’t in the top 3.

Join WSDT – Spring games – 2021


What were your trading style and strategy for this competition?

Moving averages and the failure test.

Which day trading strategies did you use?

I developed my own.

Which stocks did you trade? Which ones were your best and worst trade?

I traded a variety of trades with good volume and some alerting trades from the room. OSKT was my best trade. I held it for 6 hours and made 2 points profits while the worst was trading TVIX as the market dropped but the good news is that I kept adding to my position.

Emotional well-being & future participation

Moving on to your winning odds. How did you manage to win this competition? What helped you?

Taking a bigger share size from the first day. At some point, I thought I might blow my account when I traded TVIX. A vision to move on from day job and the chat room alerts from Tradenet helped me to win the competition.

How did you manage your confidence as well as your psychological tension?

Well, the pressure was huge the first 2 days when I didn’t see my name in the TOP 50. It got greater when I made it to TOP 50 but not the TOP 3. I took more share size and traded in and out all day to get in the TOP 3.

Was this competition more difficult and stressful for you than real trades? Why?

Yes, it was as I could see the leaderboard and it showed me where I stood.

Will you take part in the competition next time?

Yes absolutely. It was fun and rewards are great.

What would you recommend to the WSDT team to make the competition better?

Set up maximum share size. Example: on any stock, you cannot buy more than 4000 shares even if the stock is worth 5 dollars. It will make the competition more realistic.

Interview with Destiny | #3 in Gil Paz Team

Country: USA
Team: Destiny | Gil Paz Team
Profit: $4,755

“I learned about WSDT from my husband. It was a challenge and I won”

About Destiny

Tell us a bit about yourself, where are you from?

Florida, USA.

How and when did you start day trading? Why?

I Just started. My husband has been doing it for a while

How did you learn about WSDT?

From my husband. It was a challenge between us, and I won.

Why did you decide to join the competition?

To see how it works and have fun.

Join WSDT – Spring games – 2021

What was going through your mind when you learned that you were among winners from one of the TOP 3 teams?

I had a strong last day. It was great.

Did you really expect to become the winner? Was it your ultimate purpose?

No. I was playing very conservatively until the last day.


How and why did you pick your team?

It was the only name I recognized from the chat room.

How has your mentor been helping you and your teammates during the competition?

I did not know I had one.

Did you feel the tension in your team as you’ve been competing with each other or you did support each other instead?



What were your trading style and strategy for this competition?

Break out, break down with a tight stop loss in beginning.

Which day trading strategies did you use?


Future Participation

Will you take part in the competition next time?

Yes, it was a lot of fun.

What would you recommend to the WSDT team to make the competition better?

Live standings and rankings to show how others are doing in real-time

Interview with Qadreen | #2 in Gil Paz Team

Country: Pakistan-USA

Team: Qadreen Khan | Gil Paz

Profit: $9,560

“I can’t think of anything to make this competition better. It was a great learning experience for me to help me become a better trader.”

About Qadreen

Tell us a bit about yourself, where are you from?

I am originally from Pakistan but I am a US citizen now. I currently live in Cypress, Tx.

When did you start day trading?

I started trading about two years ago part-time.

How did you learn about WSDT?

I am currently a member of Tradenet and was asked to participate by Mr. Andy Mills.

Why did you decide to join the competition?

To learn how I can manage large share sizes with a demo account to overcome my emotions which came in between when I used my real account.

Join WSDT – Spring games – 2021

What was going through your mind when you learned that you were among winners from one of the TOP 3 teams?

It was an amazing feeling knowing the fact that there were over 6000 people competing. I felt a great accomplishment.

Did you really expect to become the winner? Was it your ultimate purpose?

I really didn't expect to be in the top ranking but I definitely wanted to be in the top 50.

Teamwork and Strategy

How and why did you pick your team?

In the chat room, I sometimes use Gil Paz and follow his stock picks.

Which day trading strategies did you use?

My trading strategy was mostly scalping short or long.

Which stocks did you trade? Which ones were your best and worst trade?

I was trading stocks which were gapping up or down +3%.

Future Рarticipation

Will you take part in the competition next time?

I am definitely going to take part in the next competition.

What should you focus on more to become the winner of the next-year competition?

I need to make sure that from day one I increase my share size to full potential.

What would you recommend to the WSDT team to make the competition better?

I can’t think of anything to make this competition better. It was a great learning experience for me to help me become a better trader.

The registration deadline is April 14

The registration deadline is April 14

Not all countries are allowed to the WSDT competition. Look through the list of eligible countries.