Interviews With Traders

A Stable Mind is a Stable Trading Career

March 11, 2021 | 10:13 am | Interviews With Traders
March 11, 2021 | 10:13 am
Interviews With Traders
A Stable Mind is a Stable Trading Career

If risk management is not in order, you have no business in the market, That’s Richard Advice

Richard V, 48 years old, Netherlands.

“A Stable Mind is a Stable Trading Career”.

Richard has just successfully passed our Level 1 with a great trading plan.

He is now one of The5ers funded traders and is trading with a 40K forex funded account on our platform.

His next mission is to reach 10% of profit and double his funds to 80K.

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

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

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  • How were you introduced to trading?
    I saw something pass by on Youtube and it was interesting and delved deeper and deeper into it.

 

  • After how much time did you become a consistent trader?
    I’m still working on this. but it keeps getting better. I work 40 hours a week at a school and try to trade in the afternoon, sometimes even in the morning if I expect a certain move.

 

  • Do you have a specific trading plan?
    Monitor daily movements. I look at all time frames. The plan depends on the trade. sometimes scalp, sometimes 2 days on a higher timeframe.

 

  • Please describe your trading routine?
    I go in the morning to work and in the afternoon I look at the market. usually in the evening, I make a trade, but sometimes not for a week or so. If the market doesn’t show me anything that i like to see, I’m going to do something else.

 

  • Do you have any risk management techniques? If so, please, elaborate?
    Yes, you can still trade that well but if risk management is not in order, you have no business in the market. Risk management is simple. It’s all in the mind. max 2% of balance. if you win more than lose you are good. Just don’t do anything crazy.

 

  • What was your biggest challenge in trading, and how did you overcome it?
    The biggest challenge was to change that voice in my head. If that is not calm, I will not trade, no matter how badly I want to.

 

  • What was the key moment of your trading career?
    The meeting with Andre Stewart. He made me look at the market differently. Not easy, but very effective. You can see from my growth chart when those lessons finally got through to me. yes at the end of the challenge 🙂

 

 

  • What do you think are the most important characteristics for maintaining a stable trading career?
    I think that’s different for everyone, I just wanted to approach the market with pleasure and positivity, You really have to love it, otherwise, it will go wrong and it would be too much stress. a Stable Mind is a Stable trading career.

 

  • Do you apply any mental/psychological routines while trading? Please elaborate.
    Trade in a relaxed manner and always be open to looking at yourself honestly to improve things. The market is always right. I m Not. Not too careful and not too rushed, balance is key for me.

 

  • What was your strategy for successfully passing The 5%ers’ Evaluation Program?
    Various. from scalp to swing and everything in between… But always with a top down analysis and risk management adjusted in the manner of the strategy

 

 

  • Would you like to share anything else with us?
    I am happy and grateful that I can work with such a wonderful company like the 5% ers

 

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