"Turning Spare Time into $2,251: David's Secret to Mastering the Trading Game While Juggling Real Estate"
Post Excerpt: Meet David Garza, a trader who’s seamlessly blending the worlds of real estate and high-stakes trading. Discover how he turned a deep dive into cryptocurrency analysis into a side hustle that netted him $2,251. Join us as David shares his straightforward strategies for maintaining focus, limiting risk, and maximizing returns in our latest blog post.
Tell Us About Yourself, David
I’m 30 years old. I live in San Antonio, Tx. I mainly focus on real estate investing and wholesaling, but have been trying to really focus on trading. I have a girlfriend that I want to marry one day. Currently, my two best friends live with me, one of whom helped me get started in trading. He is hoping to pass his Demo soon.
What motivated you to start trading?
I learned about it from a friend of mine, then we joined a trading education platform that got me interested in learning about crypto. Once I learned about trading view and reading the charts, I fell in love with the patterns and strategies of analysis. It took me a little bit to get the right mindset for it, but I haven’t stopped since and am finally seeing the fruits of my education.
How long have you been engaged in trading?
Since 2021, when bitcoin made its first run up to 60k.
Why did you choose to trade with Top One Trader over other firms?
I have been following Matt Morris for a while now in some of his other ventures. I also had purchased his leadership courses. When I saw him being interviewed on AustinFX on Instagram, I looked more into it and made the choice after having issues with joining another firm that had closed down. I felt I could trust what Matt Morris was promoting.
Could you detail the core components of your trading strategy & how they've contributed to your success?
Keeping emotions out of it, limiting over trading, using Fibonacci patterns, and minimizing indicators when I trade. Once I was able to trade using the firm, earning 1% was much easier when you have a bigger account to trade with.
Every trader faces setbacks. Can you share a significant challenge you encountered throughout your trading career and how you overcame it?
Not having a big enough account was a major problem of mine that would create over leveraging to try to make more. That never benefits you in the long run. Focusing on a specific strategy with rules helped my focus when taking a trade. I had finally passed in a previous prop firm but before I could go live they got shut down. It took me a while until I could find another prop firm I could trust to get me started again. Even when I passed with Top One, I had to wait another month until I could go live because of broker issues. I am thankful it got fixed as quickly as it could and now looking forward to more payouts with a solid company.
What has been your most profitable trade to date?
This most recent one is my most profitable. I had taken a break and once I joined Top One I was ready to initiate the strategy I had been back testing. I could have pulled out more but want to create enough cushion to grow on.
Trading can be as much a mental game as strategic. Which mental or psychological strengths do you consider vital for trading, and how have you developed them?
Limiting emotion, trading within your strategy, and trusting the setup. If it didn’t work, reevaluate and don’t let fear or anger take over to prevent you from finding the correct setup. Also, minimize the things you trade. One or two pairs is all you need to have success.
How has your experience been with the Top One Trader team, from support interactions to the resources provided?
They are quick to respond and always willing to help.
What would you say to someone who is considering but hesitant to start trading with Top One Trader?
If they are serious about trading there is very little risk. You can get refunded or try again. Most people that have traded probably lost more than what it costs to get started. So the risk to reward is much more in your favor.
Based on your experiences, what key piece of advice would you offer to someone just beginning their trading journey?
Focus on a strategy that works for you, back test, and don’t have analysis paralysis. Don’t be afraid to take a trade if the setup is there. With the proper risk to reward, you can have success.
Takeaways
Education and Continuous Learning: David highlights the importance of getting educated about trading and continuously learning to refine strategies. His journey started from a place of curiosity and evolved as he gained more knowledge and practical experience.
Mindset and Emotional Control: A significant part of David’s approach involves controlling emotions and maintaining discipline. By focusing on specific, rule-based strategies and keeping emotional responses in check, he has found greater consistency in his results.
Strategic Simplicity: David advocates for simplicity in trading strategies, such as using a few key indicators like Fibonacci patterns, and focusing on one or two trade pairs. This helps in minimizing overanalysis and making more confident trading decisions.
Adaptability and Resilience: Overcoming setbacks such as insufficient funds