Interviews With Traders
The5%ers Helped me Develop my Discipline and Risk Management Skills!
December 23, 2021 | 3:50 pm | Interviews With Traders
December 23, 2021 | 3:50 pm
Interviews With Traders
We spoke with Thomas 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.
Level 1 Low Risk $13K Account
Level 2 Low Risk $52K Account
- Tell us a little bit about you.
I am a Forex Trader with more than 10 years of experience.
- How long have you been trading?
I have been learning and trading on and off for more than 10 years.
- Briefly describe your Trading Plan and how it contributes to your success.
I read the monthly, weekly, and daily charts to see the big picture ( trends, patterns ) and to draw important support and resistance levels. Then I look at the last weekend’s close price and the last day’s close price and I read the Forex economic calendar to plan my daily trading. I use price action and high probability strategies for daily scalping trading.
- Share with us a challenge you faced in your trading career and how you overcame it?
My biggest challenge was mostly psychological: indiscipline and risk management. My challenge and experience with The 5%ers have really helped to train my discipline and risk management skills.
- How did you adjust risk management to your trading personality?
I determined the maximum draw-down and determined how at least 20 trades to fit into it. I tried not to have continuous losses for more than 5 trades. I used statistics and probability methods in trading and money management strategies.
- Describe a key moment in your trading career.
When I challenged The 5%ers’ Evaluation Program in 2019.
- How long it took for you to become a consistent trader, and what aspects did you change that helped you to become consistent?
I have become consistent since challenging The 5%ers’ Evaluation Program for about 2 years.
- What is your mental/psychological strength, and how did you develop it?
I set my mind on these things: ” Losing is part of the trading process. Accept it and prepare for it! So what is the next trading plan? “
- What was your strategy to successfully passing The5%ers’ First Level?
I use price action and high probability strategies for daily scalping trading. Although I trade every currency pairs which I see high probability trading setups, but I try to master and I am used to focus on EUR/USD.
- How is trading for the5ers different from trading by yourself?
The 5%ers have really helped to train my discipline and risk management skills.
- What would you recommend to someone who is just starting with us?
The5%ers’ funded program and support are really helpful. GREAT! Look forward to a long-term relationship with The5ers and Growth Trading Program.
- Would you like to share anything else with us?
I look forward to a long-term relationship with The5ers and Growth Trading Program.
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.