Successful Traders

Avishal’s Key Tools and Key Moments to Excelled Performance

August 26, 2021 | 11:17 am | Successful Traders
August 26, 2021 | 11:17 am
Successful Traders
Avishal's Key Tools and Key Moments to Excelled Performance

Only a handful of indicators are needed to ultimately help frame the trader’s stratagem. That’s Avishal Advice.

Avishal K, 36 years old, From South Africa.

Avishal has just successfully passed our Level 1 in only two active trading days, now he can withdraw his profit share immediately (In The5ers, you can withdraw your profits whenever you want, with a simple click of a button).
He is now one of The5ers funded traders and is trading with a 52K aggressively funded account on our platform. His next mission is to reach 25% of profit and double his funds to 104K.

We spoke with Avishal 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.

Avishal K account - Excelled Performance

Avishal K graph - Excelled Performance

Avishal K best profit

Avishal K Advanced statistics

Avishal K symbols data - Excelled Performance

 

  • Tell us a little bit about you.
    My name is Avishal. I currently work in the private credit origination space (i.e.: investment banking/asset management). I also build algos/EAs in my spare time. I am a Swing Trader.

 

  • How long have you been trading?
    Seriously – only for a year. Adhoc (losing!) basis – probably for 7 years

 

  • Briefly describe your Trading Plan and how it contributes to your success.
    I trade the 1-4 hour timeframes, with confirmation on the lower timeframes. I use a combination of various technical indicators to determine my entry point. Entry is usually close to a key resistance/support point that would possibly indicate a high probability of a turning point in the market. Confluence is key!

 

  • Share with us a challenge you faced in your trading career and how you overcame it?
    Overcoming loss aversion and an erratic state of mind. Blowing a few accounts is undeniably the school fees required to step up one’s game. In my case, I paid a hefty premium!

 

  • How did you adjust risk management to your trading personality?
    Leverage responsibly. Always have a stop loss, and be convicted in your approach, and have a professional stance towards the next trade.

 

  • Describe a key moment in your trading career.
    Being introduced to prop trading firms and realizing that a vital key to success is to be well capitalized to ensure your strategy plays out in the long run, with regards to positive expectancy. Another key moment for me was understanding that leverage is a double-edged sword!

 

  • How long it took for you to become a consistent trader, and what aspects did you change that helped you to become consistent?
    Over 5 years. I would say that controlled leverage with a rationale mindset towards losses helped indeed. In addition, I spent literally hundreds of hours building algos, and back-testing them over and over again (being careful not to overoptimize!). This helped me understand that only a handful of indicators are needed to ultimately help frame the trader’s stratagem. The key is to become an automaton and execute relentlessly.

 

 

  • What is your mental/psychological strength, and how did you develop it?
    I have a full time executive job coupled with managing a household (+ two kids and a very strict wife!). I taught of many times in throwing in the towel but if you believe in something so passionately you will make it a success. Overall, discipline is key to reaching the end goal.

 

  • What was your strategy to successfully passing The5%ers’ First Level?
    Cut losses and let my winners run!!!. Leverage up where the technicals are biased towards a winning trade. Have the patience to realize markets ebb and flow (in any timeframe).

 

  • How is trading for the5ers different from trading by yourself?
    Trading with the 5ers is representative of true professional trading at the highest level. The tight drawdown restrictions ensure proper risk management, and moreover, trading with a bigger account creates this disposition of “I better behave myself or else”

 

  • What would you recommend to someone who is just starting with us?
    Do not trade unless you are convicted about your trading process/system. This is a long term game that requires your 100% of “daily” devotion. Real capital on the line also creates painful (but very important) learning milestones!

 

  • Share online resources that were/are significant in your trading development. Name and links are appreciated.
    These channels are GOLD!!!!
    Youtube – UKspreadbetting.com
    Youtube – Etienne Crete Youtube – Tradernick
    Youtube – The Moving Average Youtube – B The Story
    Youtube – Prophet Market

 

  • Would you like to share anything else with us?
    To quote the Scruffy Trader “Do what you love & the money will follow.”

 

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