Kidney Disease, Poverty, and Jail Time to Going All In On the Markets · Christian Carreon

EP 254 | Kidney Disease, Poverty, and Jail Time to Going All In On the Markets | Christian Carreon

Growing up poor with kidney disease as an immigrant from Mexico, Christian Carreon's trauma with health issues and family financial instability resulted in the drive and hunger for financial success and security through redemption in the markets. Despite suffering through physical and emotional pain from his condition, his spirit and determination remained strong. He dove deep into the markets and after trial and error, eventually honed down and refined his systematic approach to a “trading boxes” strategy.

As an avid student of chart history, he gets comfortable with specific price setups which give him the confidence to go “all in”. Lacking basic day to day health impresses upon him the importance of being grateful in everything he does.

In addition to trading using the mentioned “box” strategy, Christian is also the founder of Create Wealth Management where he applies a modified version of that strategy. He also started a private group called Paradigm Shift Trading.

* NEED ACCOUNTABILITY IN YOUR TRADING JOURNEY? LEARN ABOUT THE TRADERS ACCOUNTABILITY PROGRAM BROUGHT TO YOU BY THE CWT COMMUNITY: https://community.chatwithtraders.com/

Topics & Timestamps:

Please note: Exact times will vary depending on current ads.

0:00 Background
5:00 Recovery process after a Kidney transplant
7:45 Attitudes towards financial literacy in Mexico
9:45 Parents' sacrifices and the Great Financial Crises
13:38 Motivations after getting out of jail
15:35 Getting into trading
18:18 How did he turn losses into profits
20:20 Sharing trading experiences with the family
22:00 Types of strategies used before becoming profitable
23:50 Current strategy involving boxes
29:15 Examples of periods of consolidation
30:35 How to determine levels of support and resistance
35:22 The longer the consolidation, the bigger the price movement
39:26 Fear around position sizing
44:38 Repetition of price action creates the comfort to go “all in”
47:17 Incredible returns
50:30 What does a Bear market bottom look like?
53:25 Why financial advisors don’t trade the trends
56:10 What he struggles with the most
60:00 Waiting for a kidney donor
63:40 Sharing inspirational quotes

See more show notes here:
https://chatwithtraders.com/254

Links & Resources:
- @Trading_Boxes [twitter]

* NEED ACCOUNTABILITY IN YOUR TRADING JOURNEY? LEARN ABOUT THE TRADERS ACCOUNTABILITY PROGRAM BROUGHT TO YOU BY THE CWT COMMUNITY: https://chatwithtraders.com/community/

DISCLAIMER:
Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice.

#systematictrading #trendtrading #daytrading #stocktrading

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