Do not risk more than 1% per trade, on Monday or Friday, use only 0.5% or less, That’s Tobias Advice
Tobias. B, 32 years old, Germany.
“Be satisfied with what you gain and don’t think about what you could get”.
Tobias has just successfully passed our evaluation program with a great trading plan and has become a forex funded trader.
He is now one of our 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 Tobias 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
- After how much time did you become a consistent trader?
I needed 4 months to get consistent. In my case, the most important thing was my mindset. After I reduced my risk per trade and after accepted to make losses I became consistent.
- Do you have a specific trading plan?
My plan is based on price action and smart money. I am looking for manipulation in the market.
- Please describe your trading routine?
I am an employee and do trading besides. I try to find good setups during my break or after work.
- Do you have any risk management techniques? If so, please, elaborate?
Yes, I have risk management. Depending on the trade I do not risk more than 1% per trade. For example, on Monday or Friday, I am using only 0.5% or less.
- What was your biggest challenge in trading, and how did you overcome it?
My biggest challenge was to overcome my greediness. I started to think about my reasons why I am greedy and I made the decisions to be satisfied with that what I have and not to think about what I could get.
- What was the key moment of your trading career?
I met another very good trader and he showed me his mindset.
- What do you think are the most important characteristics for maintaining a stable trading career?
– No emotions; – not to risk more than 1 %; -a strategy which fits your personality.
- Do you apply any mental/psychological routines while trading? Please elaborate.
No, I changed my way to think about trading and now I am good.
- What was your strategy for successfully passing The 5%ers’ Evaluation Program?
I am looking for liquidity hunts and wait for the retest of the engulfing candle. But the biggest part is money management. Do not risk more than 1%.
- Please share your recommendations for online resources that were/are significant in your trading development.
https://fusignals.com/
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