We spoke with Daniel about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.
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I studied business administration and started in the world of trading in 2018. It took me about 5 years to reach profitability. I was born in Jalisco, Mexico, and I am 26 years old.
I am a swing trader, and I have been trading for 7 years now
My trading plan is based on identifying key support and resistance levels, correlating this technical analysis with relevant fundamental data. The confluence of both provides me with greater confidence when trading, which translates into a higher probability of success and, consequently, better profitability.
One of the biggest challenges I faced was overtrading, driven by the need to ‘recover’ losses. However, I learned that less is more. I established clear limits on my daily trades, diversified my activities outside of trading, and developed greater discipline and patience. While it remains an occasional challenge, I now have the tools to control it and stay on track towards my goals.
One key moment in my trading career was realizing that less is more. Initially, I overtraded, but I discovered that my best results came when I traded calmly and followed my strategy. This led me to set clear limits on my trades, diversify my activities outside of trading, and develop greater discipline and patience. As a result, I not only improved my profitability but also reduced my stress and achieved a healthier balance in my life.
It took me five years to become a consistent trader. At first, I didn’t follow my trading plan, especially after losing, seeking revenge on the market, and overtrading. However, when I started following my plan to the letter, I was able to improve my profitability and trade with more confidence.
Patience is one of my greatest mental strengths in trading. It allows me to let winning trades run, close losing trades in time, and avoid entering the market prematurely, which translates into better decisions, more effective risk management, and more consistent results.
To pass The5ers’ First Level, I focused on being consistent by following my trading plan, being patient to wait for the right opportunities, managing the risk of each trade, and respecting the program’s rules.
Trading with The5ers offers significant advantages over personal trading, mainly in terms of leverage and initial capital, allowing you to earn higher profits with a smaller initial investment. In addition, you share the risk with the company, which gives you greater peace of mind and facilitates risk management. The5ers also provides you with the opportunity to develop as a professional trader by trading with real capital and receiving support, unlike personal trading, where learning can be more solitary. It also fosters discipline and structure by requiring you to follow specific rules, and offers you greater growth potential by allowing you to scale your account.
My biggest recommendation for someone just starting out with The5ers, or trading in general, is to develop a solid trading plan and stick to it religiously. This plan should be your roadmap, guiding every decision you make. It shouldn’t just be about what to trade, but how you’ll trade.
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