How were you introduced to trading? Through some social media friends.
How long did it take for you to become a consistent trader, and in which aspects did you make a change to become consistent? It took me just over three years to become a consistent trader. The biggest key is focusing on process over outcome. Many people talk about setting daily pip goals, but that is ridiculous and can lead to overtrading and revenge trading. Rigorous adherence to your trading plan is the #1 factor that led to be being consistent.
Do you have a specific trading plan? Yes, I do, and everyone should. My trading plan defines the markets I will trade, what time frames I analyze, the specific setup I am looking for. From there, I define exactly how I will enter the trade, manage my stop losses, and exit the trade. I also have criteria on if I decide to re-enter a losing trade.
Please describe your trading routine? I meditate 15 minutes before I open my charts (this is also in my trading plan), and I am prescribed medication for ADHD, and I do not trade if I haven’t taken medication or if it is outside of its effective window for working.
Do you have any risk management techniques? If so, please, elaborate? Yes. I think it is important to lock in profits. Depending on my availability with my day job, this is either systematic, i.e., set based upon an ATR, but if I am available to monitor to the charts, I prefer to use technical.
What was your biggest challenge in trading, and how did you overcome it? Impatience. Meditation, Positive Affirmations, and interestingly enough – Hypnosis!
What was the key moment of your trading career? So I have access to institutional research from the desks of big trading banks like Bank of America, TD, Commerz, HSBC, Goldman Sachs. One day I did some technical analysis on EUR/USD, and as I was looking through Goldman Sachs research, one of their head FX traders had the EXACT same markup on his chart. It was that day that I knew I had the technical know-how to trade: from there, it was refining entries, risk management, and psychology.
What do you think are the most important characteristics for maintaining a stable trading career? Discipline and Patience.
Do you apply any mental/psychological routines while trading? Please elaborate. I do mindfulness meditation daily before opening the charts. Also, I closely monitor my emotions during trades and use a hypnotherapist to help rid my subconscious of negative thoughts around trading like impatience or anger. – and also overly positive thoughts about winning trades.
What was your strategy to successfully passing The5%ers’ First Level, and what would you recommend to someone who is just starting with us? It was actually done mostly off one trade. Through my access to institutional research, I had a sentiment that USD would turn bearish and that worldwide growth prospects are looking brighter. I took a long EURUSD to exploit this several days before NFP and was able to lock in a profit before NFP. Then a bad number helped the trade. Sunday, I got back in the trade during the Asian session after a solid inside bar.
What would you recommend to someone who is just starting with us? Taking only setups which presented a very high-risk reward ratio.
Please share your recommendations for online resources that were/are significant in your trading development. This website provides a good fundamental breakdown of many different market sectors – https://think.ing.com/.
Checkout Brandon Instagram @brandon.Radford
Would you like to share anything else with us? I want to tell my teammates from Capital Bandits that I hope to see you guys soon to get funded through 5%ers.
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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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