Successful Traders

Here’s What I Do to Handle The Adversity in Trading

August 19, 2021 | 3:02 pm | Successful Traders
August 19, 2021 | 3:02 pm
Successful Traders
Here's What I Do to Handle The Adversity in Trading

Don’t beat yourself over mistakes. Everything is a learning opportunity, not a failure. That’s Joe Advice.

Joe H, 47 years old, From the United States.

Joe 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 Joe 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.

Joe H account - Adversity in Trading

Joe H graph - Adversity in Trading

Joe H best profit

Joe H Advanced statistics

Joe H symbols data - Adversity in Trading

 

  • Tell us a little bit about you.
    I love anything sport-related – playing golf, basketball, ping pong, etc. I have a great family, and we enjoy camping and going on great adventures.

 

  • How long have you been trading?
    8 years, Scalper.

 

  • Briefly describe your Trading Plan and how it contributes to your success.
    Market structure, supply&demand and I use MAs.

 

  • Share with us a challenge you faced in your trading career and how you overcame it?
    I face the challenge of anger and frustration, which leads me to feel desperate…and the fake feeling that I don’t care…when I really do. Understanding this mental aspect has helped me become aware of when this is happening, and so I’m better suited to handle the adversity.

 

  • How did you adjust risk management to your trading personality?
    Waiting for my areas and put in tight stops. When things don’t work…pause and review.

 

  • Describe a key moment in your trading career.
    When I realized, I was throwing mini tantrums like I did when I was a kid. (sounds stupid… I know) Remembering how this child-like behavior caused me pain and grief.

 

  • How long it took for you to become a consistent trader, and what aspects did you change that helped you to become consistent?
    Years. It’s an ebb and flow type of thing. You never really fully achieve get there. Always a journey and always something to learn.

 

 

  • What is your mental/psychological strength, and how did you develop it?
    I meditate daily, and I don’t beat myself over mistakes. I look at everything as a learning opportunity, not failure.

 

  • What was your strategy to successfully passing The5%ers’ First Level?
    Following my strategy with patience and discipline.

 

  • How is trading for the5ers different from trading by yourself?
    I enjoy being part of a group than trading in isolation. So I love the program so far.

 

  • What would you recommend to someone who is just starting with us?
    Look at the timeframe you plan to trade. Review that time frame going months back. Pouring over the price action over and over and over.

 

  • Share online resources that were/are significant in your trading development. Name and links are appreciated.
    I obviously don’t use everything he (The Moving Average) posts…..but he has some great ideas that helped me form my trading strategy.

 

  • Would you like to share anything else with us?
    Thanks for helping traders!

 

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