We spoke with Naitik about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.

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Naitik’s $60K High-Stakes Step Two

Tell us a little bit about you.

I am a person who tries to live in the current moment. I believe in monitoring and observing myself to become a better person every day in all aspects of life. Whatever I do, I try to give my 100%, And I believe I am always a student to learn good things.

How long have you been trading?

I have been trading for 15 years, and I am a full-time trader.

Briefly describe your Trading Plan and how it contributes to your success.

My trading plan – First, I decide the Target of profit that I want to reach – The total amount of profit I want to make ( Say I decide to make 5000 profit as my Goal )
Second – I decide the total Risk I want to take to reach my Target ( Say I can take 2500 total Loss to reach 5000 Profit )
Third, I do not decide on the time to reach the target because deciding on the time to reach the target can create pressure on your mind and your trading. So, I decide on the target and risk to achieve the target and trade according to my strategy – whenever the target has to be achieved, it will be achieved.
Further after deciding total Target and Total Risk – I divide it into small targets. Say my next step is to reach 1000 profit, so my focus is now only on making 1000 profit. So with these small targets, I can easily reach my total 5000 profit target in 5 steps to make 1000 profit.

Please share with us a challenge you faced in your trading career and how you overcame it.

In my early stage – when I started trading without knowing anything or without any knowledge- I was just trading, and luckily, I was able to make a very good amount of profit in just 2-3 months of starting. I felt that I could easily make a profit, But after that, I lost all my profit in just 1 month, and I was back to zero. I decided to make money from trading because I had seen good profits. But I also realized that I needed to learn the whole trading business, when to buy and when to sell, and then I started learning technical analysis. Then, it provides me with improvement in my trading, and then I learn more price action and improve my profitability. So, Learning and self analysis and trying to solve trading problems is the keys to becoming a profitable trader.

How did you adjust risk management to your trading personality?

I decide the total amount to Risk I can take. And according to the trade opportunity I divide that amount to the Trade. Also in starting I take some High Risk , If I have loss in that starting trades then I took less amount of Risk.
Another thing is that If I decide to take total risk of 1000 at the same time and if I had take 1 trade with big risk like 800 amount then I do not take another trade with more than 200 amount risk. But If I had taken trade with 300 amount of risk then at the same time I can take more 2 trades with 500 and
200 amount of risk. So I decide the Risk in total amount only.

Describe a key moment in your trading career.

When I decided to learn everything, whatever it takes to become a consistently profitable trader.

How long does it take to become a consistent trader, and what aspects did you change that helped you become consistent?

8 years. I changed my trading method and trading style completely, and It is mostly with the mind. I trained my mind to believe that Trading is not about overnight success, It is a Business to Build, And to grow Business it takes time. Trading is not about 1 time or 1 month or 2-month profit; It is a Business to make a consistent profit. So just profit is not require, consistent profit is the need to get success.

What is your mental/psychological strength, and how did you develop it?

I have developed my mind with my experience in the market over all the years that I can make a profit with my strategy and method of trading. I see the market as full of opportunities, and we have to take advantage of those opportunities. It can happen that I can make a loss in a few trades, but after making some decided amount of loss, I take less risk per trade and slowly increase the balance. So, I trained my mind to take some risks, Bectradingading without taking Risk is not possible, And taking some Risk and making some Loss is partradingading. And when I make a profit, I can make a good profit also.

What was your strategy to successfully pass The5ers’ evaluation?

I entered my method of price action and followed risk management.

How is trading for The5ers different from trading by yourself?

My capital is very little, So Trading with The5ers provides me with a big jump and growth in my trading career Because now I am trading with Big capital, and now I am also able to take good Risk and Profit. So, with The5ers, I feel that I can make good potential profit from my trading ability. It is like getting a better reward for my same trading.

What would you recommend to someone who is just starting with us?

Learn, Observe, and improve yourself every day to become a better Trader.

Please share online resources that were/are significant in your trading development.

Self-control and controlling Emotions are very important to becoming a good tra r. ( 1 ) Meditation is good for developing self-control – anyone can meditate for 20-30 minutes daily with YouTube videos. ( 2 ) You can also listen to relaxing music to calm your mind. ( 3 ) Trading in the Zone is a very good book for becoming a good trader. ( 4 ) A Discipline Trader is also a good book to read.

Would you like to share anything else with us?

When we decide to do something – Do it with Passion and 100% dedication, And always prepare yurself to learn and to improve yourself to become a better person.

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