You can also watch a video interview with Martijn.D
How were you introduced to trading?
Bitcoin got me interested.
After how much time did you become a consistent trader? What aspects changed that helped you to become consistent? After a year I became a consistent trader due to starting the company and creating a good swing trading strategy. This brought more focus in my life, and now I am putting my full attention on trading, no day is missed. I also backtested a strategy for over 3 years with a mechanical approach. I had a bad Q2 and failed the first try. But now I am more focussed and driven than ever.
Do you have a specific trading plan? I have a mechanical swing trading strategy that has strict rules for Supply & Demand order zones. With the zones on all higher timeframes working together to be able to set a trader on the 1H and 4H timeframe. These are similar trades that both have the same target but mostly different outcomes. For the 4H strategy, I use a candle script on Tradingview to point out candles like (engulfing, star formation, etc.) If this entry is valid it shows on the chart and I can enter with a 1:3 risk to reward ratio. The stop-loss is always 1.5x the value of the entry to the bottom of the candle(s). This makes for a safer entry on the best values presented at the moment.
Tell us about your trading routine. I wake up 06:00 check the markets, map out the trading day and possible entries (Alerts on every hour or 4 hours), I check when, and how the candle closed, if needed. My days are different but mostly I go to the job, (my own project) and work or lead the people. I have my planning and alerts to keep me up to date. In the evening I check every pair for developments and possible entries.
Do you have any risk management techniques? If so, please, elaborate? I normally use 1% per trade with a max DD of 5/6% in the backtest. The first entry is a 1:3 Risk reward ratio. The second entry is a scale-type of strategy, this can go from a 1:3 to a 1:6 risk to reward ratio. For your company, I use a 0.50% risk per trade. This means that I should be rather safe with a 4% maximum loss. The only issue is that the trades can be rather big, so if there are many trades I have to cut some lot sizes. That is bad for a mechanical strategy, so If that would be possible I would really appreciate it.
What was your biggest challenge in trading, and how did you overcome it? I was questioning myself and my strategy. Next to that, I was not consistent, I missed trades and took ones that looked good at the time. Now I stick with the rules and the backtested rules only.
What was the key moment of your trading career? The moment I made bigger sums of money than losses or mostly break-even. When I made 8% in a night with a 1% entry I knew this was something to fully focus on.
In your opinion, what are the most important characteristics for maintaining a steady trading career? Health, Clarity, and an overall modest view on the market. You don’t need to chase a trade when you can focus on the bigger picture.
Do you apply any mental/psychological routines while trading? Please elaborate. Yes, I meditate 2 or 3 times a day. Next to that I take cold showers, eat good food, and take care of myself.
What was your strategy for successfully passing The 5%ers’ Evaluation Program? I used the strategy as mentioned above. It was a really good month where I almost gained 14%.
Please share your recommendations for online resources that were/are significant in your trading development. Name and links are appreciated. www.newcapitalfx.com and especially Nick really helped me out.
Would you like to share anything else with us? Certainly, anything great in life comes with a price. “For every action, there is an equal & opposite reaction,” simply put, we cannot achieve nothing without paying the price. You need to decide whether or not you’ll be willing to do whatever it takes to obtain that “thing” you desire. Have faith that you’ll achieve it, work towards it and by all means see yourself with that “thing or whatever” it is you desire to have. So, keep at it, be consistent, keep learning, and stay disciplined. I leave with this favorite quote of mine. “FAIL EARLY, FAIL OFTEN & FAIL FORWARD” -Will Smith.
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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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