Eduardo Briceno is an entrepreneur, day trader, and success story that provides hope to those looking to find financial success. Originally from Venezuela, Briceno moved to the United States in 2017 and took a leap of faith to pursue becoming a full-time day trader. With no prior experience and having to use his own savings as initial capital, Briceno had a rocky beginning that saw him losing $8,000 before hi finally began to see success.
After experiencing the highs and lows of trading, Briceno has been able to make remarkable returns of 2,716.3% on his investments since October 2020. His considerable success has been praised by none other than Norman Zadeh, a former math professor and founder of the United States Investing Championship. All of this has been accomplished as a result of Briceno combining a variety of strategies, such as fundamentals, technicals, pattern recognition, and risk management, to make his sufficient trading decisions.
A key part of Briceno’s trading is making sure to stay in line with his risk management strategies. He focuses on trading momentum stocks in the small-cap market and keeps an eye on the volume-weighted average price (VWAP) indicator. By keeping his trades close to the average price of trades and ensuring the spot price is above the VWAP line, Briceno is able to keep conviction in his trades while still avoiding overexposure. Additionally, he monitors the Time and Sales feed to identify which buyers or sellers are in control between two orders and ablesee how quickly trades are occurring. To supplement this, Briceno also consults the Level 2 data table in order to identify where key support and resistance points lay.
Briceno has also become an online educator, offering courses and wisdom on his YouTube channel which is mainly in Spanish. With this in mind, it is clear that Briceno’s remarkable success has been achieved by his remarkable resilience, hard work, dedication to his trading journey and the mindsets shift he made while trading. He provides the hope that anyone who pursues trading can be successful, with the right knowledge, practice, and risk management strategies.
The company mentioned in the article is Cobra Brokerage which is an online broker that provides users with a variety of services such as research, trading tools and stock watchlists. Cobra Brokerage also offers customers a range of investment options such as stocks, options, forex, mutual funds and ETFs. It is well-liked by its customers as it is easy to use and its fees are extremely competitive.
The person mentioned in the article is Norman Zadeh, a mathematician, entrepreneur, and the founder of the United States Investing Championship. He is well respected for his contributions to the field of mathematics and is noted for creating the world’s first AI-driven Robo advisors. Norman Zadeh has had an illustrious academic career, earning his PhD in Mathematics from SUNY Buffalo before going on to teach at UCLA and CUNY. He is also well-known for his work in the United States Investing Championship and for his warning to traders of the potential risks involved in trading.
