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