Álvaro is based in Madrid, Spain, and has been trading since 2006. His passion for the stock market inspired his career in economics. He got his economics degree with a master’s in consulting from ICADE and went to work in a London prop trading firm, which he loved. There was no going back! Since then, he’s been committed to studying financial markets.
The first turning point in Álvaro’s trading career was the first account he burned. Instead of quitting, he continued. The patience and discipline he used got him where he is today. He’s dedicated the last 13 years to trading full-time and still studies every single day.
Álvaro admits that a few years ago, he would get stressed when he lost a trade. He noticed he‘d end up paying for it with poor money management in the next trade. But after years of honing his mental skills, losing an operation no longer causes him stress.
Expert Advice
“Be patient—time puts everything in its place—and with work and discipline you will end up achieving your goal.” He says it’s easy to sum up learning market analysis in one sentence. “First, learn a system. Then practice for years until you’re consistent with money and emotional management.”
“When it is obvious that the goals cannot be reached, don’t adjust the goals, adjust the action steps.”
– Confucius
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78,16% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
