Interviews With Traders

The Musings Of A 30 Year Professional Trader

September 2, 2021 | 1:02 pm | Interviews With Traders
September 2, 2021 | 1:02 pm
Interviews With Traders
The Musings Of A 30 Year Professional Trader

Take your time, do not try to finish the challenge in just a few days by having one big trade. That’s Marcus Advice.

Marcus K, 57 years old, From Germany.

Marcus has just successfully passed our Level 1, he is now one of The5ers funded traders and is trading with an 80K aggressively funded account on our platform. His next mission is to reach 25% of profit and double his funds to 160K

We spoke with Marcus about his trading plan, insights, and lessons gained while trading in the Forex market and our platform as a funded trader.

Click here for more Inspirations lessons and interviews from our professionally funded traders.

Marcus K account - 30 Year Professional Trader

Marcus K graph - 30 Year Professional Trader

Marcus K best profit

Marcus K Advanced statistics

Marcus K symbols data - 30 Year Professional Trader

 

  • Tell us a little bit about you.
    Trader for over 30 years, stock, futures, and forex. Slowly turned my hobby into professional full time trading. Mostly scalping but also using other strategies. For years developing algorithms for automatic trading.

 

  • How long have you been trading?
    30 years, Forex 15 years, I am a scalper.

 

  • Briefly describe your Trading Plan and how it contributes to your success.
    Usually scalping the markets, and turning some scalps into longer running trades

 

  • Share with us a challenge you faced in your trading career and how you overcame it?
    As most traders my biggest problem was overtrading. developed several strategies avoiding that mistake

 

  • How did you adjust risk management to your trading personality?
    In my private trading, I am hedging to limit the risk. in prop trading, I am using stops more often. My trading strategy needed to be adapted.

 

  • Describe a key moment in your trading career.
    A key moment was in my student time while futures trading. Lost some significant money that I borrowed from my father. Those failures did lead me to more professionality.

 

  • How long it took for you to become a consistent trader, and what aspects did you change that helped you to become consistent?
    It took me much over a decade to be consistent. I tried out too many methods. I didn´t have a mentor who could lead me to my own special way. Only being professional for a long time helped me to define and refine my consistent trading.

 

 

  • What is your mental/psychological strength, and how did you develop it?
    I do not blame others for my mistakes. Learn from mistakes!

 

  • What was your strategy to successfully passing The5%ers’ First Level?
    Mostly trading in the 1 and 15 minute charts, finding the trends after short term reversals

 

  • How is trading for the5ers different from trading by yourself?
    The rules actually helped me to be more disciplined.

 

  • What would you recommend to someone who is just starting with us?
    Take your time, do not try to finish the challenge in just a few days by having one big trade

 

  • Share online resources that were/are significant in your trading development. Name and links are appreciated.
    YouTube and Podcasts of no nonsense forex
    Even my opinion is quite different from him in many aspects (he only trades on the daily chart, I trade much short time frames), I learned so much from him.

 

  • Would you like to share anything else with us?
    Every day force your self following your own rules strictly!

 

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