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[From Novice to Funded Trader: The Journey of Gabriel Bulo]-[264: Gabriel Bullo - Contest Winner: One Trader's Unwavering Dedication]

Chat With Traders · B2 · 2023-08-02

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📋 Summary

The Catalyst: From Long-Term Investor to Active Trader

Gabriel Bulo’s trading journey began during the 2020 pandemic. Initially inspired by a classmate’s suggestion to invest in blue-chip stocks, Gabriel entered the market as a long-term investor. However, the extreme volatility—seeing a stock surge from 2.8 to 19 and then crash to 7—shattered his mental capacity and led him to sell out of fear. This experience served as a pivotal catalyst; he became a trader specifically to understand his mistakes and master the market mechanics that had previously caused him such distress.

Overcoming Early Pitfalls: The High Cost of Learning

Gabriel’s early phase was defined by "hopping strategies" and a lack of risk management. He admitted to being "devastated" after repeatedly "blowing out a lot of accounts" because he did not use stop-losses. He described the emotional toll as intense, noting that he would often find himself "crying in my bed" due to the pressure. Despite these setbacks, Gabriel maintained a strong sense of determination, consistently depositing money from his 9-to-5 job to restart, driven by the belief that "there’s no turning back."

Evolution of Strategy: From Indicators to Price Action

Gabriel’s trading style underwent a significant evolution. Early on, he relied on lagging indicators like RSI, moving average (MA) bounces, and various technical setups. However, he eventually abandoned these in favor of clean price action. He found that indicators often provided "false alarms" that damaged his performance. Today, his strategy focuses on identifying consolidation breakouts or breakdowns on one-minute charts. During the 21-day contest, he refined his approach, using two core strategies: trading "gapping stocks" (because "gaps indicate strength") and buying at support or shorting at resistance.

The 21-Day Trading Challenge: A Performance Crucible

Participating in the Chat With Traders 21-day contest was a turning point for Gabriel. His primary motivation was to win a $260,000 funded account, as he felt his existing $20,000 evaluation account was too small. The contest forced him to adapt under pressure. After a rocky start that resulted in an $8,000 drawdown due to "counter trading," he shifted his playbook to a higher risk-reward ratio (targeting 1:3 or 1:4). A key lesson learned was the importance of not selling too early; he even used the platform’s automatic closing feature to ensure he wouldn't sabotage his own winners. By focusing on a concentrated watchlist of four stocks, he was able to deeply understand their price behavior, ultimately securing first place.

Discipline, Journaling, and Psychological Resilience

Gabriel emphasizes that trading is a "performance game." He attributes his success to extreme discipline and rigorous journaling. He records every trade—the "why" behind buying or selling, the mistakes, and the emotional state—to stay accountable. He notes that if he is "too happy" or "too depressed," he is more prone to overtrading, and he enforces a strict rule: if he trades three times in one day, he stays away from the screens the following day.

Conclusion: The Path Forward

Gabriel’s journey from a novice in the Philippines to a funded trader in Australia highlights the necessity of perseverance and self-reflection. He advises beginners to "focus on the process" rather than the money. Following the contest, Gabriel successfully passed his evaluation account and is now working toward his long-term goal of building a large, self-funded account. His story serves as a testament to the idea that with consistent backtesting, forward-testing, and a commitment to learning from every loss, one can transform from a struggling beginner into a professional-grade trader.

🎯Key Sentences

1
I'm always depositing my money into the brokers.
2
I was always like crying in my bed.
3
I'm good for the day.
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📝Key Phrases

1
pushing them outside their comfort zone
2
get back in the game
3
there's no turning back
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hold your winners
5
get in and get out
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📖 Transcript

Chat with Traders is brought to you by Trade the Pool.
Becoming a funded trader means trading with a firm's money instead of your own.
At Trade the Pool, you first complete an evaluation by hitting profit targets while managing risk.
Once you pass, you get access to up to $260 ,000 of buying power.
You keep up to 80 % of your profits while the firm covers the risk.
It's the perfect way to trade big without risking your own funds.

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