“When you trade lower lot sizes, my anxiety is reduced”. That’s Kaci’s Advice.
Kaci J, 38 years old, From the United States.
Kaci has successfully passed the Bootcamp Programand has already succeeded in gaining 5% and receiving more funding. Sheis one of the The5ers-funded traders, and she is trading a $125K Bootcamp-funded account.
Her next objective is to reach 5% profit again to scale up her account to $150K.
We spoke with Kaci about her trading plan, insights, and lessons gained while trading in the Forex market and our platform as a funded trader.
Tell us a little bit about you.
I am from the Detroit metro area in the United States. I’m a twin. My twin has zero interest in learning to trade, so there’s no genetics at play in the interest 😉. I’ve been trading off and on for 6 years, more consistently over the last 2 to 3 years. I work full-time and trade and have determined that swing and intraday trading best work for my lifestyle.
How long have you been trading?
Almost 6 years. More consistently over the last 2 to 3 years is when I got serious. I am a swing trader.
Briefly describe your Trading Plan and how it contributes to your success.
My trading plan primarily consists of trading reversals with a combined tool of Fibonacci retracements and extensions. Specifically, a play that focuses on shallow retracements and failed targets. When the target isn’t reached, I trade the reversal to at least the 38.2 Fibonacci level.
Share with us a challenge you faced in your trading career and how you overcame it?
I still face challenges today. I have found that when I become so engaged with a potential trade setup and have my mind stuck to that, I tend to throw logic out of the window. Time and time again, it proves to be a failure.
I did this with my first testing account with The5ers. It was when I separated my emotions from the trade idea and focused solely on the process that I saw success.
As I mentioned, it’s something that I still battle with, but I have to step away — refocus and regroup.
How did you adjust risk management to your trading personality?
Trading smaller lot sizes. As I mentioned, I work full-time. I have a dedicated day to mark up my charts to find potential setups.
Initially, I’d trade crazy lot sizes. Sometimes, it would work, and most times, it didn’t. I realized that when I trade lower lot sizes, my anxiety is reduced, and I don’t have to babysit my phone — “to make sure everything is ok”.
Describe a key moment in your trading career.
A key moment in my trading career was when I understood the power of leverage and forex. I took a $150 account to nearly 5 figures in 3 weeks. Granted, I blew that account in 3 days, but it showed me that once I mastered the skill and the risk components, I could literally become proficient enough to print my own money.
I’d always been interested in learning to trade stocks as a young adult. But when I understood how leverage worked in this space, I knew that if I came up with a plan to effectively manage risk, one day, this skill set could change my life.
How long it took for you to become a consistent trader, and what aspects did you change that helped you to become consistent?
This is something that I am still working on — daily. When I stick to the rules, I’m consistent. When I don’t, and I let emotion take over— I lose…every time. I think this area is something that takes immense discipline to master.
What is your mental/psychological strength, and how did you develop it?
For me, when I focus on the process only and don’t marry myself to a trade idea, I am able to easily separate emotions. When I operate in this space, when a trade does not go my way…I can quickly cut my losses, re-evaluate and re-approach. I learned quickly that this approach is best and will always allow me the space to think with a clear and level head. When ego and pride are involved, which, if I’m honest, sometimes they are involved, is when I find myself mentally weak.
Seeing the results I get when I operate from a place of the process is what helped me develop the mental fortitude for trading.
What was your strategy to successfully pass The5ers’ First Level?
I trade with a combined Fibonacci retracement and extension tool and a multiple timeframe analysis. The play I trade is called “80/20”. I didn’t invent it or discover it. But I fell in love with it when I first learned it.
It is called the 80/20 because when the price makes a shallow retracement, less than the 38.2 Fibonacci retracement level, 80% of the time, the price will stall out at a shallow Fibonacci extension level and reverse to retrace at least to the 38.2. 20% of the time, the price will continue to the matching Fibonacci extension and complete the sequence.
These setups can happen in every timeframe: 15 minutes, 1 hour, 4 hours, daily, weekly, or even monthly. It’s really powerful and easy to identify once you’ve completed a timeframe analysis.
How is trading for The5ers different from trading by yourself?
There’s a sense of accountability and also a sense of possibility. Going back to the power of leverage…being funded allows a trader literally unlimited possibility in earning potential. Granted, a trader will likely still face some of the challenges they would on their own, but there’s definitely a sense of accountability that comes into play.
What would you recommend to someone who is just starting with us?
Absolutely. I like The5ers. I like what you all are doing. I think the program is achievable, and so far, my experience has been great.
Share online resources that were/are significant in your trading development. Names and links are appreciated.
My YouTube channel
Would you like to share anything else with us?
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