Arturo Pestana shares his journey in trading, from making his first profitable trade to blowing his account and going into credit card debt. He emphasizes the importance of consistency, trading psychology and the confidence needed to be a successful trader.
Arturo also talks about his experience with prop firms and the challenges he faced in getting funded. He also discusses his journey from manual trading to trading with an algorithm, and the importance of journaling and taking it slow in trading.
He shares his Myfxbook results and the importance of back testing and tweaking strategies.
Podcast Interview
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Interview Link
Instagram – @drdollar
Arturo’s Trading Strategy
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Key Lessons
[05:17] Even if you don’t have the money to invest, you can still invest the time.
[05:52] To become a profitable trader, you have to look at certain setups that works for you and only trade those setups.
[08:06] The thing about the market is that it repeats itself over and over again.
[10:20] If you don’t know what you’re doing, you’re gambling.
[11:25] The best way to test a strategy is with the robot.
[23:51] Your strategy shouldn’t change whether you’re winning or losing.
[26:27] You as a trader aren’t defined by a winning or a losing trade.
[45:56] Don’t rush that process. You have your own journey. Pay attention to your own life, take control and really dial in.
[46:39] If you’re up $6000 on your funded account and you make $5000 at your regular job, stop trading.
[46:52] Take it slow, secure the bag and just focus on you.
[47:19] Mastering your journal is going to be your best mentor.
