$125K Funded Trader Got Paid 10 times and Withdrew $9,088

We spoke with Omar about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.

Click here for more inspirational lessons and interviews with our professionally funded traders.

Watch Omar’s Interview

Omar’s $100K High-Stakes 2-Step Evaluation Account

Omar’s $100K High-Stakes Funded Account

Tell us a little bit about yourself.

My name is Omar Gándara. I am 32 years old and from Mexico.

In my professional life, I work in health, physical activity, and sports. I hold a degree in nutrition and a master’s degree in sports nutrition. I am also a certified trainer, fitness/bodybuilding Coach, and physical preparation specialist. My job primarily involves helping people regain, improve, or achieve an optimal state of health while reaching their physical, aesthetic, or athletic goals.

One of my hobbies is bodybuilding, in which I have become a national champion in my country. This pursuit requires a great deal of discipline, and I have successfully applied that same discipline to trading.

How long have you been trading?

I started getting interested in trading a few months before the pandemic began. For about 4 years, I have been studying everything related to trading and applying my knowledge to my operations.

What initially caught my attention was the possibility of generating income from it and the potential I saw at that time. However, I was also intrigued by everything that goes beyond “just candlestick charts.” Behind those charts, there is information, technical analysis, fundamental news, economic news, geopolitics, and a whole set of variables that influence how an asset’s price behaves at a specific time.

Briefly describe your Trading Plan and how it contributes to your success.

Please share a challenge you faced in your trading career and how you overcame it.

From my perspective, there are several challenges you face throughout the process.

First of all, we all start as beginners in the field, which leads us to seek a source of information to learn. One of the initial challenges is finding a good mentor or teacher, or simply identifying a reliable source of information to get started and learn. Likewise, there are countless strategies and trading methods out there, which means you must analyze and determine which one suits you best and adapts to you.

A common mistake is simply wanting to trade over and over again without having a structured plan and specific rules for all the common situations that arise in trading. This leads to emotional decision-making based on fear, greed, euphoria, and other psychological factors.

Without a plan and set rules in your trading, you are like a cork floating in the ocean without direction. This results in overtrading, over leveraging, closing trades too early, closing too late due to greed, and missing out on potential profits by not knowing when to exit positions.

The best approach is to have a data-driven strategy, conduct thorough analysis, track both successes and mistakes, and study errors to learn from them and improve over time.

How did you adjust risk management to your trading personality?

There is something that is a fact, and it’s that in this journey you are going to lose. You are going to have losing days, maybe even losing weeks, but if you have controlled risk, you can overcome the losses. The secret is to become good at risk management.

Describe a key moment in your trading career.

You have to understand that the difference between a bad trader, a good trader, and an elite trader is the ability to make decisions and apply a specific strategy at the right moment in real time. You can know all the theory and information, but if you are not able to apply it to the market in real time, you are going to fail.

How long does it take to become a consistent trader, and what aspects did you change that helped you become consistent?

Around 4 years of learning, having mistakes, correcting them, applying the information, gaining experience. You need to have a realistic mindset. Trading is like everything in life – if you want to be successful at it, if you want to be one of those who are the best at it, you have to spend time, make sacrifices, invest, get out of your comfort zone. Nothing great comes from doing nothing.

What is your mental/psychological strength, and how did you develop it?

I’m a very obsessive person. When I get obsessed with something, I work until I achieve it.
I’m doing the same in everything I want. I always try to become my best version and try to become one of the best in all the activities I do.

What was your strategy to successfully pass The5ers’ evaluation?

While having a plan, you can stipulate how many trades you are going to open at maximum, how much you are going to risk, what you are going to do if you lose, what you are going to do if you win, what you are going to do if your trade goes to be, etc.

What would you recommend to someone who is just starting with us?

Be patience, be consistent, follow the rules, and follow a plan

👉 If you want to receive an invitation to our live webinars, trading strategy, and high-quality forex articles, sign up for our Newsletter.

👉 Click here to check our funding programs.

Follow us: 👉YouTube 👉 Linkedin 👉 Instagram  👉 Twitter  👉 TradingView

Share: