Interviews With Traders

The 3 Important Characteristics For Successful Trading

June 10, 2021 | 12:43 pm | Interviews With Traders
June 10, 2021 | 12:43 pm
Interviews With Traders
The 3 Important Characteristics For Successful Trading

Create a trading plan, and test it like crazy. That’s Samuel’s Advice.

Samuel T, 29 years old, From Colombia.

“Three important characteristics: persistence, patience, and discipline.”

Samuel has just successfully passed our Level 1 with a great trading plan.

He is now one of The5ers funded traders and is trading with a 40K low-risk funded account on our platform.

His next mission is to reach 10% of profit and double his funds to 80K.

We spoke with Samuel 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.

Samuel T account - The 3 Important Characteristics For Successful Trading

Samuel T graph

Samuel T best profit

Samuel T Advanced statistics

 

Samuel T symbols data - Important Characteristics

 

  • How were you introduced to trading?
    It was 4 years ago when Binary options were too popular on social media like Instagram and Facebook.

 

  • How long did it take for you to become a consistent trader, and in which aspects did you make a change to become consistent?
    It took me 3 years to realize that there is no Holy Grail, and from there, I think I can consider myself as a consistent trader.

 

  • Do you have a specific trading plan?
    Yes, I do have a trading plan. In simple words, this is my plan: I use HTF like Daily and H4 to determine my bias or order flow. Then, in LTF like H1 and M30, I use to look for setups determined by Stop hunts, break in the market structure of these LTF, and then a return to the origin.

 

  • Please describe your trading routine?
    Every day on the overlap of the Asian and London session, I look at the HTF to determine my order flow, and then I look if there is a setup formed to take. If yes, I place a limit order. If not, I wake up on the New York session to look for setups.

 

  • Do you have any risk management techniques? If so, please, elaborate?
    I only risk the 0,5% of my account. This % is divided in two with the purpose of looking for better entries and maximize my profits.

 

  • What was your biggest challenge in trading, and how did you overcome it?
    Definitely, psychology is the main factor that challenges every trader’s career, and I was not the exception. And the best way to overcome this challenge is to create a trading plan and backtest it like crazy to know your numbers and get confidence to start real trading.

 

  • What was the key moment of your trading career?
    It was last year in the worst moment of my trading career when I was a discretionary trader. I had too many losses, and even I was recording every trade I took on my trading journal, I kept making the same mistakes. Then I found a trading course that was very aligned with the concepts I already knew, and in the moment I finished this course, I understood the importance of a trading plan and the backtesting process.

 

 

  • What do you think are the most important characteristics for maintaining a stable trading career?
    I think there are only three important characteristics: persistence, patience, and discipline.

 

  • Do you apply any mental/psychological routines while trading? Please elaborate.
    I think if it can be considered one, apply my trading plan. That’s it

 

  • What was your strategy to successfully passing The5%ers’ First Level?
    Follow my trading plan with no doubt and taking all the setups price was showing me.

 

  • What would you recommend to someone who is just starting with us?
    Believe in yourself, be patient, develop a clear trading plan, have a goal in mind, don’t take signals from other people, be responsible.

 

 

  • Would you like to share anything else with us?
    Yes, grateful to you for this opportunity!

 

If you want to receive an invitation to our live webinars, trading ideas, trading strategy, and high-quality forex articles, sign up for our Newsletter.

Subscribe to our youtube channel.

Click here to check how to get qualified.

Click here to check our funding programs.

Share:

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

Login

Your message is underway!

You will be hearing from us shortly