WEBVTT

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How was it to get the payout? The best day of

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my life. It was great. It was great. It was very

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easy. I just sent out the payout request. It's

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biweekly. And after a day or two, they replied

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to me. And that was it. Very quick. Amazing.

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It's a great feeling. I'm sure of it. That's,

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you know, not just for money wise, but also just

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to prove yourself that you can do that, right?

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Yes. So like for me right now, just seeing you

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here, it's, I feel like I achieved something.

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You're listening to Trade the Pool on audio.

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Welcome everybody to another funded trader of

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Trade the Pool. Today, Dana is with me. He's

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not just a funded trader, but he also got his

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first payout with us about 5K. That was the number?

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Yeah, 5 ,300. Amazing. That's incredible. We'll

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talk with Dana about his journey coming from

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evaluation, passing it, how it's like to trade

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on the funded account, and of course... the moment

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you reach that goal. So Dana, tell us all about

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the beginning. So it all began in 2020 when we

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were on a lockdown and I wanted to come out of

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this lockdown with some knowledge. And while

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I was reading book, Rich Dad Poor Dad, it was

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talking about stock market. And it just, I don't

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know, it sticked with me and I was reading more

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about it, got more interested, started looking

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at the market. And I thought, you know, there's

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something I want to do. So I've been working

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on it, but without guidance. So it was very hard

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in the beginning. I have absolutely no idea what

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I'm reading. I read something 10 times. It still

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doesn't make sense to me. So over the years,

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I got some YouTube channels, reading more books,

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following people online, and it started to click

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maybe three years ago. And I think I did really

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well last year. because i started doing a lot

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of trading daily because before that i didn't

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have that option, and last year I was trading

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every day so that really helped me to be where

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i am right now yeah there is nothing like experience

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watching the charts on and on seeing the candle

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moving in front of your eyes and then you you

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understand better like you said it clicked right

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Yeah. It's amazing because I was saying all the

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books are great, but nothing beats experience.

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This is something that, you know, you have your

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theory, but then you have the reality. And if

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you're not It's like learning how to drive, right?

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You learn the stop signs, but if you're not actually

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sitting in front, actually in front of the wheel

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and driving, it's a whole different story. Interesting

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that you mentioned Rich Dad Poor Dad, you know,

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you're talking about it from like 2020. And I

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read this book at 2008, I guess. So it's amazing

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to see that it's still. affecting others till

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this day. So that's incredible. That's also what

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got me into the market. And let's talk a little

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bit more about this area where you you know,

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started to trade, found your niche. Is there

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any specific case or a point where you can say,

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you know, that was the shift for me? That's what

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got me into becoming more professional, becoming

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more advanced. I started following, I got a course

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from Udemy and the guy, he owns a prop firm too.

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And he was talking to the price gap strategy,

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shorting the price gaps. Okay. I've been doing

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it, but I've always made mistakes. Like I know

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it's going to drop, but when is it going to drop?

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How is it going to drop? What are the times?

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So that is something that I looked at for a long

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time. I think maybe over a year that I keep looking

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at this and finally it's been clicking. I've

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been doing really well shorting them. So it's

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mostly on earnings season that you're doing?

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Anytime. I just look at like the first thing

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I look at when I wake up, I see a stock going

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up 80%, 100%. So I just look at the news, like

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what's happening. Maybe there's some good news.

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And that's it. That's all I look at. Wow. Okay.

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So very technical on your level. So yeah, not

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going into the fundamental side. No, just technical.

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When I see a double top, I'm shorting it. okay

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so let's dive in on that because i know that

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guys that just heard you said that you know they

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say okay i know what is a double top but how

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do you know that That's the double top that you

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need to short, right? Okay. Yeah. Yeah. So let's

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say I look at the market and I see around, this

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is not price cap. So this is when around 10 AM

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or whenever I see a stock, let's say from $3,

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$3 starts to hit 5, 6, 7, 8, 9, 10. And you're

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just wondering why is it doing something like

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crazy? Usually in the news. But then when I noticed

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there's a dodgy, like two long wicks and a very

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small body. That's something that I look at and

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I enter right there. I've seen this so many times.

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So it just clicks with me. So amazing. Yeah.

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Sorry. Go ahead. Sorry. So when I see that and

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then the candle closes, I enter right away. And

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then that's when I see the first price drop and

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I just sell right away. Maybe. 50 cents, 60 cents.

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Now I know I have, you know, a little more to

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risk with, to play with. And then I see slowly

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the price going back up and then I target the

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same line as the resistance where the doji was

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formed. And I enter again right there. So that

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was my double top. And then now I know like the

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price can drop more than 50 cents, maybe a dollar.

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or $2. That's how I got some of my big wins.

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Got it. We'll see in a second the dashboard and

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the stats and of course the trades that you made

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on your funded account. You also reached a target

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on your funded account. So you scaled the account,

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right? You get, once you reach the target on

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your funded account, you actually get more buying

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power and more daily allowance. you get more

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flexibility and something that you mentioned

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about the doji and and basically the double top

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or are you also looking for the bottom you're

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looking for a double bottom or same concept to

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go long? So before I used to go long, I had my

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own account. It was like 400 and I took that

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400 to 3000 all going longs. But I realized what

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I do and I go long in small caps is very risky.

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They, they crash quick, pretty quickly. So I

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stopped doing longs for now. So I just backed

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this stuff for the meantime, until I have more

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confidence to go long. And going back for, for

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that doji that you mentioned, are you looking

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for a specific level? I mean, how do you know?

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You said it goes from three to five, six, seven.

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How do you know that that's it? Seven is the

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right place or nine is the right place. Maybe

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it will go to 12. I wouldn't know. That's the

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risk I'm taking, but I've seen it. It's based

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on back tests too. I've seen it a lot and I'm

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like, okay, if it keeps going higher than I'm

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out. like three cents, four cents amount. Okay,

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so you always give yourself that that space and

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not a lot of it. It's not working. You're out.

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Yeah, it doesn't work. Let's see how it played

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out. You did take your payout nicely. So I mean,

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it works pretty well. Let's go to your funded

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account. and see what's going on there. So like

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I said, for those of you not familiar, every

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trader gets his own dashboard and you can see

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your stats and the progress and everything around

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it. So you had the funded of the mini buying

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power, where you did a nice move there and you

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have the funded account of the super buying power,

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which is $80 ,000 buying power. Let's look at

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it. That's the first one, basically the 80 ,000

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when you reach the profit. Once, like I said,

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once you reach your profit within the funded

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account, you actually get more buying power and

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more daily allowance. So pretty nice, pretty

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nice chart here. The success rate is off the

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chart. I mean, 81%, that's incredible. We'll

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talk about that. But on the other side, the risk

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reward ratio is negative. But of course, with

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this success rate, that is super high. you can

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easily make money even if your risk reward is

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lower right what's what's the deal here are you

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handling it i mean you're looking for that success

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rate and closing the trade very very fast how

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do you how do you usually handle your stats i

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usually close the trades pretty fast i usually

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work from 12 p .m. in the Easter time. So I only

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have like about two hours to trade. So all my

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trades are pretty quick. So I usually end at

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11 from 9 .30 to 11. And I see like, if I have

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$500 wins, it's a $500 win. I'm happy with that.

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That's good for the day. Yeah. And you're doing

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great. You had a few very nice ones on YIBO.

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with 2 ,025 on grid, and then you add on RNAZ

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1 ,400. Like I said, mostly, as you can see guys

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at home as well, it's mostly small caps, right?

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And also, as you mentioned, shorting those small

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caps. So looking for that strong move and then

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basically to short them at the top. And it's

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funny that you mentioned you did say something

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interesting that you don't really know, right?

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You don't really know if that's the top. And

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there are tons of traders that are asking us

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and also online, when are you reaching the top?

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Like, how do I know that this is the top? And

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the best answer that you gave, you know, was

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the right one. We don't really know if that's

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the top, but we know that if it will go from

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here, it might do a nice pullback or change direction.

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And of course. you have your stop loss to protect

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you on that trade. So that's a very nice one.

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Are you usually going all in at once like in

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this situation or you break it down with a few

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scales? I'll go all in. Okay. Did you ever try

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to scale in and build the position or this is

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something that you do from day one? So let's

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say I'm in with the 500 shares. It drops 50 cents.

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So I'm up to 50. So I sell right away. I just,

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I'm aware of how the patterns. move. I know it's

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going to go a little bit up and then drop again.

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So I entered that level again with 500 shares

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again. So I don't take out anything. And I see

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that now that you progressed to the new funded

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account. So you didn't start to trade it yet,

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right? No, hopefully today. You have 85K to trade

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with. That's enough buying power to trade anything,

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right? I mean, even large cap. Did you ever try,

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by the way, trading large cap and going for the

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big names? I have. previously and it didn't really

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work out. Did it? No. So I need to do more backtests.

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I can't, I don't want to do it anymore. So I

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did it in my mini buying power. I was trading

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Tesla, Nvidia and all of that big cap, big names,

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but it didn't, it wasn't working for me. And

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when you say that you're backtesting, what exactly

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are you doing there? So I have the trading view

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with a replay bar. So I use that and just see

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what levels should I buy? How are the candles

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forming? What are the volumes? Where's a V1?

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So that's what I look at. I'm just practicing.

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So it's not really developed yet. It's not there

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yet. I think that's, that's what amazing about

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them. Obviously I'm biased, but that's what amazing

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about our platform. What we give is the fact

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that you can still continue the progress, you

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know, develop yourself as a trader and still

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make money on top of that. Right. Because. Maybe

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if you are a professional, you will have your

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own account, big size and do whatever you do.

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But let's face it, most of the traders are, you

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know, between one year to three years and it's

00:11:49.289 --> 00:11:52.190
super hard to make money on your broker account.

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when you're trading with no experience. On the

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other hand, I saw traders, our funder traders

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that gain great profits and build their consistency

00:12:02.779 --> 00:12:06.679
through us using our platform and everything

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that we supply. So that's incredible to see.

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And, you know, like you said, you've been in

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the game for five years, roughly from the COVID.

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right? So yeah, it's, it's amazing to see that,

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that we can provide is, are you still, by the

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way, trading on your own capital as well? No,

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I stopped that. I just did one swing trade and

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then I'm out. I'm not doing it anymore. It's

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amazing to see. So then, you know, you've been,

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you've been through the evaluation, past few

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of them got funded, made money. What's, what

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can you tell? someone that just started the evaluation

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you know maybe it's someone that listening right

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now and saying you know what i want to at least

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try it right what is it that they need to focus

00:12:48.750 --> 00:12:51.769
on i would say do a lot of practice a lot of

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practicing before going in because you're spending

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it like spending money on this evaluation so

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just be prepared before you go in and do anything

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just practice practice practice if it doesn't

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work change your strategy see like have a journal

00:13:07.289 --> 00:13:09.950
like to see where you're making mistakes how

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you can avoid them just do anything you can to

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improve and go for it amazing how was it to get

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the payout oh it was amazing the best day of

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my life it was great it was great it was very

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easy I just sent out the payout request. It's

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biweekly. And after a day or two, they replied

00:13:27.519 --> 00:13:30.200
to me. And that was it. Very quick. Amazing.

00:13:30.480 --> 00:13:33.559
It's a great feeling. I'm sure of it. That's,

00:13:33.559 --> 00:13:36.720
you know, not just money -wise, but also just

00:13:36.720 --> 00:13:38.740
to prove yourself that you can do that, right?

00:13:38.879 --> 00:13:42.679
Yes. So like for me right now, just seeing you

00:13:42.679 --> 00:13:44.840
here, it's... I feel like I achieved something.

00:13:45.039 --> 00:13:49.179
That's amazing. All righty. Thanks so much for

00:13:49.179 --> 00:13:51.840
that. Of course, guys at home that want to check

00:13:51.840 --> 00:13:55.240
us out, go to tradepool .com. Hopefully you will

00:13:55.240 --> 00:13:57.820
be the next funded trader and get your payout

00:13:57.820 --> 00:14:00.919
as well. Again, thank you. And maybe we'll do

00:14:00.919 --> 00:14:04.480
a few other videos at the end, you know, after

00:14:04.480 --> 00:14:07.360
a few more payouts. Thank you. All righty. Take

00:14:07.360 --> 00:14:10.059
care. thank you for listening to trade the pool

00:14:10.059 --> 00:14:13.240
on audio visit us at tradethepool .com and see

00:14:13.240 --> 00:14:15.279
if you have what it takes to become a funded

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trader that's www .tradethepool .com