Sitting and watching your trade play out will harp on all your emotions, That’s Quincy Advice
Quincy T, 33 years old, USA.
“Quincy advices how to pass The5ers program successfully”.
Quincy has just successfully passed our Level 1 with a great trading plan and has become a forex funded trader.
He is now one of our funded traders and is trading with a 52K forex funded account on our platform.
His next mission is to reach 10% of profit and double his funds to 104K.
We spoke with Quincy about his trading plan, insights, and lessons gained while trading in the Forex market and on our platform as a funded trader.
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Watch the interview with Quincy T
- How were you introduced to trading?
I came across the stock market initially when browsing the web for ideas on income supplementation. Eventually, over time I transitioned to the Forex markets.
- After how much time did you become a consistent trader?
I became a consistent trader in the past year. The biggest aspects were risk management and patience.
- Do you have a specific trading plan?
My trading plan is a hybrid of Trend Following and Swing Trading.
- Please describe your trading routine?
Over the weekend, I look for a currency pair that is ripe for expansion and then set stop orders to jump into the positions.
- Do you have any risk management techniques? If so, please, elaborate?
Generally each trade I will initially risk 0.5%.
- What was your biggest challenge in trading, and how did you overcome it?
Risk management and patience. The way I overcame it was being burned and eventually growing tired of losing.
- What was the key moment of your trading career?
Discovering the ATR indicator, which is the only indicator I use, and the “Top Traders Unplugged” podcast.
- What do you think are the most important characteristics for maintaining a stable trading career?
Risk management and patience.
- Do you apply any mental/psychological routines while trading? Please elaborate.
Once I enter a trade, I go do something else and periodically check on the trade. Sitting and watching your trade play out will harp on all your emotions.
- What was your strategy for successfully passing The 5%ers’ Evaluation Program?
Risk management and patience.
- Please share your recommendations for online resources that were/are significant in your trading development.
https://www.toptradersunplugged.com/
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