The5ers Fund is proud to introduce you to Oriol.S is our last successful trader who passed the evaluation with excellent results. It took him almost 2 years to become a profitable trader. A profit Factor of – 2.51 and a Sharp Ratio of – 0.23 are great results. Oriol testified that he is a price action trader. The5ers now fund him with a 24K account; his next goal is to achieve 10% of profit and double the account to 48K. The5ers Fund welcomes Oriol.S. to be one of our portfolio managers team and wishes him a great success. Here are the interview and the trading statistics of Oriol.S.
Name: Oriol Serra
Age: 22
Country: Spain
Please describe your trading journey. How long have you been trading? When do you become consistent? What made the change for you?
- I’ve been trading for about two years. The first year and a half were not consistent at all. The consistency came from strict money and risk management.
How were you introduced to trading?
- I got interested in myself.
Describe your trading plan.
- I trade price action with market structure. I go for high-probability set-ups and massive risk-to-reward profitable opportunities.
Tell us about your trading routine.
- I wake up, have breakfast, wash my face, and meditate. Then, I open the charts. First, I check the news and analyze different pairs top-down. I compare the strengths of each against the others. If I stop good opportunities, I note them down and determine how many trades I can place and how much I can risk. Then, I place the trades and wait.
How do you manage risk in your trading? Do you have a risk management technique you can explain?
- I can place a maximum of 6 trades at a time. In total, lot size cannot exceed more than allowed, so if the maximum allowed is 0.3, lot size: 0.3/6= 0.05 per trade.
What was your biggest challenge in trading, and how did you overcome it?
- Controlling my emotions and not trusting myself enough with my trades. I set a timer for 4 hours on my phone, and once I placed all trades and didn’t have to do anything else but wait, I put the timer on and did NOT check my MT4 until the timer was done.
What was the key moment of your trading career?
- Once I fully understood the market structure and how all markets move similarly (if not manipulated).
What are the most important characteristics of maintaining a steady trading career?
- NOT being overconfident, thinking you can beat the market. The market will always win. Even if you have been 20+ years trading, it can wipe you out as quickly as in the beginning.
What is the most essential trading mental aspect, and how do you apply it in your routine?
- I’m not checking my trades when placed. Again, with the timer.
What is your strategy to successfully pass the 5%ers evaluation account?
- Again, I am consistent and following my plan. Mainly, stick to The5ers risk management rules.
Please share your recommendations for 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.
- It is better not to make money than to lose money. If you need the money from trading or are in a rush, you will not make it. It is also better to win a little bit, even if it doesn’t hit your target every month, than to not win or lose money. It will take a bit longer, but you will get there. Think long-term.