Pablo Martínez García
founder of Trading Cero company, speaks about his trading path
Pablo Martínez García: “The most important lesson is to have the maximum discipline in trading. Discipline is the most important thing, without a doubt"
Written by a teamleader and edited by WSDT team
I started trading 5 years ago. Currently, I’m 100% focused on trading and aim to make it my main source of income.
I trade the first two hours of the session, and every day, I freely share my trading sessions on YouTube for all of the community.
I got into the financial world for a simple reason: I want the possibility of making money with nothing more than my knowledge and a computer.
But the road getting to where I am wasn’t easy. The beginning had its fair share of difficulties. When you start in the world of trading, the possibility of losing your account is 95%. And the only way I was able to advance and mature as a trader is by respecting the rules and managing my trading account well.
With all I have experienced, I know that anyone can start trading without special education, but it is complicated. The free content on the internet can help … but it can take an awful lot of time to find something that guides you correctly, step-by-step, and helps you make the right market decisions.
The most important lesson I can share with people just starting is to approach trading with maximum discipline. Discipline is everything. It helps you respect your plan, respect your stops, your daily risk, and take firm steps to mature every day.
To me, that is, without a doubt, the most important thing. Discipline is key to not allowing trading, one of the most difficult occupations in the world, to bring out the worst in you. And it can, which is something nobody tells you. Many newcomers start trading their first accounts, lose them, and abandon them because they realize how hard and difficult trading is. Making sure you are disciplined can help immensely with this.
My laser focus and discipline have benefitted me in the long run. I’m not someone who constantly watches the news. I’m a daytrader and specifically a scalper. This mindset allows me to distance myself from the news. It’s just not something I’m interested in. The only thing I do is measure the market sentiment in my pre-market session, which happens twenty minutes before the opening of Wall Street.
My adherence to discipline helped me to place 15th WSDT competition with an amazing long in OCGN. I opened the position with 3,000 shares and waited for the moment to add to the position, always respecting the risk and capital management.
Then, I added 5,000 more shares, which allowed me to close a position of more than $15,000 in my favor. On that day, I scored a great deal of points in the competition and finished rank 15.
My discipline also helped me avoid any trade that was too risky during the competition—I fully respected my trading plan and risk management. A risky operation would have potentially killed all my chances of qualifying.
To evaluate risk, my strategy is simple: I have a daily risk of $200 that I distribute in a maximum of three operations a day. To accomplish this, I strive to detect interesting trades with very short stops. These trades allow me to enter with the appropriate size with respect to my maximum risk per trade, which is between $60 and $70.
I’m still working to become a profitable trader but, in the last year, I’ve noticeably improved, and I’m satisfied with my maturation. This process has given me the necessary experience to finish rank 15 in this edition of the WSDT.