$30K Funded Trader Scaled His Account Once And Withdrew $3,630 Overall

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

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Luca‘s $20K Phase Two High-stakes

Luca‘s $30K High-Stakes Funded Account

Tell us a little bit about you.

I grew up with nothing and discovered trading at the age of 16. Quit all extracurricular activities to pursue a trading career.

How long have you been trading?

I have been trading for two years, and I am a scalper.

Briefly describe your Trading Plan and how it contributes to your success.

My trading plan consists of two trades a day, only trading within the London session open timeframe. After 4000 hours of backtesting, I was able to acquire the strategy that best fit my plan. For each trade, I risk roughly 2-3% aiming for 2RR+.

Please share with us a challenge you faced in your trading career and how you overcame it.

Within my trading career, I faced a lot of challenges, for instance, my psychology. My psychology began deteriorating, which led to things like overtrading, over-leveraging, etc. To overcome this, I had to build a mental fortitude. Improving my daily routine and sticking to it consistently allowed me to build discipline, which in turn helped me create a strict routine in my Trading Plan.

How did you adjust risk management to your trading personality?

Depending on my capital at the time, If I am in a drawdown, I will drop my risk to 0.5-1% per trade, still aiming for the same RR. When I am up on the account, the risk is 2-3% per trade. Once in a trade, I will have multiple take profits, which will allow me to secure profits consistently. Thereafter, once one of the multiple TPs is hit, my stop loss is moved to BE, securing a profit and not allowing myself to lose anymore.

Describe a key moment in your trading career

A key moment in my trading career was when I realized my strategy was not the problem and there was something external I had to work on in order for trading to really work out for me.

How long does it take to become a consistent trader, and what aspects did you change that helped you become consistent?

Considering I’m entering my third year of trading, my second year was where I became consistent and began to see profits and progress. The aspect I had to change was where, in the beginning, I didn’t take trading as seriously as I should’ve. Once I put my head down and consistently worked hard day in and day out, studying the craft and always learning, was where I began seeing consistent profits.

What is your mental/psychological strength, and how did you develop it?

My mental and psychological perspective on trading is to view my losses as a business expense. Viewing my losses like this allows me to move on with my trading career from a day to day basis, whilst understanding losses are inevitable. However, building a strict discipline to avoid overtrading and over-leveraging came from habits such as the gym and overall building a strong foundation for growth.

What was your strategy to successfully pass The5ers’ evaluation?

My strategy to successfully pass The5ers first level is still my main strategy. Quick scalping moves that capitalize on internal liquidity voids. Essentially, I wait for an external liquidity sweep, whether it be session highs, consolidation, retail buy/sell stops, etc.; once I have a sweep of those and a confirmation Break of Structure / Market Structure Shift in the favored direction, I will look for an internal liquidity void that needs to be filled such as Fair Value Gaps, Imbalances, etc; As price creates that low and retraces into the internal liquidity I will open my position on the 1m equilibrium of the internal imbalance and target the next Draw on Liquidity. This entire process is on the 1m, only unless when I am identifying key external liquidity levels on a HTF.

How is trading for The5ers different from trading by yourself?

The5ers gave me the capital I really needed in order to take my trading to the next level; once I was funded with a $20,000 account, I was able to make more instead of on a personal account. The5ers also has measures in place to allow me to keep a strict and disciplined approach.

What would you recommend to someone who is just starting with us?

To someone who is just starting with The5%ers, you have to approach it with a mental toughness and desire to be constantly present in the market. You have to realize it’s not an easy game, so stay consistent.

Please share online resources that were/are significant in your trading development.

FXReplay for backtesting. TradingView for Charts. GoCharting for footprint chart.

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