Pau Perdices BelletVerified

Trading felt like the pinnacle of difficulty. The speed at which you can make or lose money makes it an extremely demanding field, and I thought that if I could master it, I could potentially become successful relatively quickly. When you're young, you don't always have the vision or patience to build something over decades, and that naturally pushed me more towards trading.

I had a very strong month, but then I gave most of it back within a couple of days. That was a turning point for me. I realized that if I continued trading that way, it wasn't going to be sustainable in the long run. I decided to take a step back, reassess everything I was doing, and rebuild my approach to the market from the ground up.

First, I identify the main trend, usually on the longer timeframes. Then I wait for a correction against that trend on the shorter timeframes. Rather than chasing the initial move, I want to enter during that correction, looking for the point where it is likely to reverse and resume the main trend. I use key price levels together with indicators to help identify where that reversal could occur. Once I see the setup I am looking for, I enter with the broader trend.

Gold had an exceptional year, and that created very favorable conditions for my strategy. My approach is heavily based on trading with the prevailing trend, so when you have strong and persistent trends in the market, it can naturally lead to a high win rate.

When I size a position, I always start by considering the worst-case scenario for the trade. I then size the position accordingly so that even if that scenario happens, it doesn't have a significant impact on my long-term performance. For me, protecting the account and staying in the game is more important than maximizing the return on any individual trade.

It means not changing the way you trade just because you see someone else making more money or taking more risk. You have to trade at your own pace and within the limits of your own strategy. If you win, you win, and if you don't, you should still be able to look back and know that you executed your approach properly and achieved what the market conditions allowed your strategy to achieve.

I'm currently trading in the futures competition, so my focus has shifted towards futures this year.

I would tell him not to try to hit a home run with every trade or every investment. Take the slow and steady approach. Focus on building consistency and surviving the market long enough to develop the experience you need. You don't have to make everything happen at once.