Interviews With Traders

Read What The Famous Scruffy Trader Has To Say

July 1, 2021 | 12:05 pm | Interviews With Traders
July 1, 2021 | 12:05 pm
Interviews With Traders
Read What The Famous Scruffy Trader Has To Say

“Do what you love & the money will follow.”

Gary Langley, 51 years old, From United Kingdom.

Gary, known as The scruffy trader, has just successfully passed our Level 1. He is now one of The5ers funded traders and trades with a 52K low-risk funded account on our platform.

His next mission is to reach 10% of profit and double his funds to 104K.

We spoke with Gary 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.

Gary l account - Consistent Trader

Gary L graph

Gary L best profit

Gary L Advanced statistics

 

Gary L symbols data - Scruffy Trader

 

  • Tell us a little bit about you.
    Live in the UK, known to many as Langers The Scruffy Trader, from youtube.

 

  • How long have you been trading?
    15 years, I am Full-Time Trader

 

  • Briefly describe your Trading Plan and how it contributes to your success.
    I am mainly a day trader using price action and momentum. To ensure I only take high chance trades, I only trade the London session when the markets are moving quickly with a set of 8 high ATR markets. My main way of working is a simple zone-to-zone plan based on a push of the market on a 1-hour chart between the hours of 9 am & 5 pm (avoid the London open as a nightmare).

 

  • Share with us a challenge you faced in your trading career and how you overcame it?
    In the beginning, I was arrogant and always thought I knew better than the market. After losing a fortune, I had to sit back and accept that you cannot win all the time.

 

  • How did you adjust risk management to your trading personality?
    Following a loss, after loss, I came to understand the waves of the market and use a variable stop.

 

  • Describe a key moment in your trading career.
    I used to have to buy products overseas, in their domestic currency, or with USD, so I was introduced to forward purchasing as part of my business.

 

  • How long it took for you to become a consistent trader, and what aspects did you change that helped you to become consistent?
    Roughly around 2 to 3 years to be consistent, slowing everything down help me more than anything.

 

 

  • What is your mental/psychological strength, and how did you develop it?
    In my 20’s I had a high-pressure job and also ran a large business with 17 staff. This helped as I was used to big numbers and pressure.

 

  • What was your strategy to successfully passing The5%ers’ First Level?
    High-grade trades only to protect the drawdown, coupled with small position sizes to allow the trade to breathe and not hurt too much if the trade goes against me.

 

  • How is trading for the5ers different from trading by yourself?
    My main markets to trade are the indices ie, FTSE & DAX, for the 5%ers trading only forex. However, the trading style and approach to the markets was the same apart from the position sizes, which I purposely reduced to help the drawdown and protect the account.

 

  • What would you recommend to someone who is just starting with us?
    Take your time and only look at the high-quality trades. If having to wait, then wait as you have plenty of time to complete it. Also, start with a small position size and build up slowly.

 

  • Share online resources that were/are significant in your trading development. Name and links are appreciated.
    Kind of self-taught with the help of an ex-bank manager who worked for me.

 

  • Would you like to share anything else with us?
    Being a journey that I have shared along with the members of a group I run from the youtube channel, the Scruffy Trader. The guys there all wanted to see in real-time the progress before taking the leap regards joining the program. Having completed the process, I would have no hesitation in recommending the program as a low barrier to a high-value fund that can bring life-changing wages. As I say at the end of all my videos, “Do what you love & the money will follow.”

 

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  1. Thank you for all your support from the Fivers.

    To add further to the journey of the 5%ers fund, my 52k account is now producing good profits. After 11 days , 182 trades 91.7% hit rate Profit factor of 9.62 the figures are looking good but more important the profit pay out is at $727.45 paying off the the opening investment to join and giving a good return.

    Check the journey fully at https://www.youtube.com/c/thescruffytrader also discount links available off the fees as a thank you for the support in this amazing trading journey

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