Monday 06/05/2019
Another great success story at The5ers proprietary Fund, Andrei.M succeeded in reaching the evaluation target by keeping all our risk management rules and qualifying to be one of our portfolio manager Team; as we can see on his account statement, the equity curve looks impressive, this trader seems like he knows what he is doing, very stable results, and a significant profit factor of 1.90. he now provides a new 40K funded account by The5ers Fund, his next mission is to achieve 10% of profit and his funded account doubled to 80K, The5ers team wishes him great success. Here are the interview and the trading statistics for Andrei M.
Name: Andrei Malureanu
Age: 22
Country: Belgium
Please describe your trading journey. How long are you trading? When have you been consistent? What made the change for you?
- It’s been nearly four years since I first discovered Forex trading. It took me a long time to get cent returns consistently, primarily because of my lack of discipline and emotional reactions. Focusing and developing my psychology is the main reason I managed to turn things around.
How were you introduced to trading?
- It was pretty random for me to get rich online when I was 18, and I used to Google it.
Describe your trading plan.
- I trade based on a ‘market cycle’ with mostly 3 ‘contexts’. From there, I have four signature ways of entering the market based on a set of rules.
Tell us about your trading routine.
- Wake up 1 hour before the London session starts. Analyze and write down my analyses for the pairs I watch, and from there, it’s mostly a waiting game till something is confirmed. I enter then mais confirmed trade until 1 of the possible outcomes presents itself. If Londen weren’t productive, I’d watch the US session before 17:00, not for entering any new trade.
How do you manage risk in your trading? Do you have a risk management technique you can explain?
- I trade based on the % risk of account. Depending on the entry, I adjust a proper SL and make sure my TP is in a logical place, but depending on the setup, generally speaking, I aim for a close to 2:1 RR.
What was your biggest challenge in trading, and how did you overcome this?
- My ego, primarily, was related to being wrong and dealing with losses. It’s a daily practice to keep it under control. Knowing how one reacts and when exactly + things like meditation help in that process.
What was the key moment of your trading career?
- I can’t name one specific; it’s a slow process of progressive competence micro steps each day/week.
In your opinion, what are the most important characteristics for maintaining a steady trading Career?
- Being emotionally balanced + having a competent system that you keep working on and improve with time.
What is the most essential tracking mental aspect, and how do you apply it in your routine?
- Dealing with loss is for sure the most challenging. Building a long-term perspective helps. Of course, in your risk management, you must stay in the game as long as possible. I have all types of discipline reminders on my wall that I read out loud before I start the trading day, like a mantra it usually manages to put me in the correct zone.
What is your strategy to successfully pass the5%ers evaluation account?
- I developed a rule-based trading system and paid close attention to my emotional triggers, using your recommendations and online resources that played a significant role in shaping my development path. Names and links are appreciated.
- On the one hand, basic market structure principles with supply and demand are common in the trading community; on the other hand, I implement many of Steve Mauro’s principles.
Please write anything you think is important but was not asked.
- Well, perhaps this business is quite a nice little piece of hell. It sure was the case for me for many years, but at the same time, it’s only right because it forces you to reflect and struggle with your most difficult parts, and on the other side of all that, it’s a lot of potential you get to unlock which benefited me greatly in area’s of my life far beyond trading.