Carlos R.

Carlos R., from Nicaragua, began trading in January 2024, initially focusing on buy-and-hold large caps like Nvidia. He shifted to shorting penny stocks, he joined Trade The Pool, failing a few evaluations due to poor sizing and discipline.

In his latest attempt, using a checklist and smaller share sizes, he passed with a $3,100 payout, leveraging the platform’s daily loss limit to curb revenge trading. Now funded with $200,000, he aims for a long-term trading career.

His strategy targets pump-and-dump penny stocks and small caps with weak fundamentals, with a single entry/exit approach. He achieved a 66% success rate but a 0.8 risk/reward ratio, needing to hold winners longer. Using basic indicators for reversals, Carlos limits trades to high-volatility setups, benefiting from Trade The Pool’s structure to manage risk and daily pause.

Tip 1

Do not overtrade

You have to know how to control the risk and how to avoid those kinds of trades that you don’t need to do. You know you don't need to overtrade, so you have to take care of the good trades—the good setup. But you have to look for your own style.

Tip 2

The daily pause

It's better to take a pause and try again the next day—every day is different. Maybe you're having one or two red days, but eventually you're going to make it. You don't have to force the trades; you have to be patient. Thanks to that, I was able to improve my setup.