Inspiration From One Of The5%ers Portfolio Manager

After a few attempts, he passed the evaluation and became The5%ers Portfolio Manager.

As we can see, persistence pays off. Igor tried our evaluation program several times until he succeeded in passing and becoming one of The5%ers portfolio managers, starting with a 52K Funded account.

Name: Igor M.
Age: 39
Country: Serbia

1. Please describe your trading journey. How long have you been trading? When do you become consistent? What made the change for you?

• I have been a trader since 2007. In the last 3 years, I can say that I am consistent. My self-made indicators help me to be better on the market.

How were you introduced to trading?

• I started to read books about trading. I read the university book “Technical Analysis” and the best-seller book from Fisher, “Logical Trader”.

Describe your trading plan.

• , I am creating swing trading positions for the next day using essential price levels. I am developing ideas for next-day trading using significant levels, RSI, SMA 10,0, and a few indicators. During the day, I either wait for the necessary levels to enter into a trade or enter a position based on news and price action. I am a nimble trader, and I often go out from my trades when I see that price action is not good enough.

Tell us about your trading routine.

• Every night I am creating swing trading positions levels. Every morning I look economic calendar, Pivot point, essential levels and make new trading ideas. I define opening ranges from 9. AM I am starting to monitor charts more closely. I am trading during my UK working hours, so my top pairs are EURUSD and GBPUSD.

How do you manage risk in your trading? Do you have a risk management                                 Technique you can explain?

• I have optimum, strong, weak, and very weak risk models. The optimum risk for me is one mini lot per $5000. I will double my position with a tight stop loss when I have strong moves and indicators. It is a considerable risk for me, and I am very grateful. Weak and very weak risk for me is when I risk one mini lot per $ 10,000 or less, and I do that when I use wider stop loss or when the market is in “slow burner mode” with small volatility.

What was your biggest challenge in trading, and how did you overcome it?

• My biggest challenge is when I hit stop loss because of 1 or 2 pips mistakes, during crazy spikes trading mistakes, etc. The answer is always one word: patience.

What was the key moment of your trading career?

• When I started using machine learning models to predict futures (3 years ago), I figured out the market and how trading is hard. Statistics helped me to avoid some bad trading strategies.

In your opinion, what are the most important characteristics for maintaining a steady trading Career?

• Patience.

What is the most critical trading mental aspect, and how do you apply it in your routine?

• Perseverance and patience are the most important. The most important thing is to avoid overtrading.

What is your strategy to successfully pass the5%ers evaluation account?

• I had 10 days when I didn’t trade. I didn’t overtrade my portfolio, and it was handy to close trades fast when I saw terrible news or momentum.

Please share your recommendations with online resources that were significant to your development path. Names and links are appreciated.

• Dailyfx website- http://www.dailyfx.com. Mark Fisher’s book- The Logical Trader: Applying a Method to the Madness

Please write anything you think is important but was not asked.

• The5%ers chance for me is significant, and I need to say one big “thank you, 5%ers “!

Website URL (we allow you to promote).

• https://www.forex.in.rs

Get inspired by the full trading performance and statistics of Igor’s Evaluation.

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