{"id":394367,"date":"2020-09-02T15:01:05","date_gmt":"2020-09-02T13:01:05","guid":{"rendered":"https:\/\/ftmo.com\/?p=394367"},"modified":"2022-08-15T15:10:17","modified_gmt":"2022-08-15T13:10:17","slug":"new-ftmo-traders-joining-this-september","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/new-ftmo-traders-joining-this-september\/","title":{"rendered":"New FTMO Traders joining us this September"},"content":{"rendered":"
A new month is here and as always, we welcome our new FTMO Traders who are joining our forces. Read their stories which might help you in your own trading journey!<\/em><\/p>\n <\/p>\n Do you have a trading plan in place, and do you follow it strictly?<\/strong><\/p>\n I do have a trading plan set, I try to stick to it strictly. At this moment I’m trying to optimize my SL in order to become as greedy as possible with a low risk.<\/p>\n How did Maximum loss limits affect your trading style?<\/strong><\/p>\n It didn’t affect me at all, I had some rules in terms of how much could I lose every day, If I would have been near it or losing two consecutive trades I would have stopped for that day.<\/p>\n How would you rate your experience with FTMO?<\/strong><\/p>\n Very well, clap clap!<\/p>\n How did you eliminate the factor of luck in your trading?<\/strong><\/p>\n I’ve eliminated the factor of luck by trading with multiple edges.<\/p>\n Knowing what’s going to happen, finding the story behind what the buyers and sellers are doing and depending on the context to remain in the market or not.<\/p>\n <\/p>\n What inspires you to pursue trading?<\/strong><\/p>\n Freedom & self-independence.<\/p>\n What is the number one advice you would give to a new trader?<\/strong><\/p>\n Develop an edge ( know how to trade a certain setup, know when it fails, know the good signs of why you should keep the trade).<\/p>\n Trade only that edge in the market. Repeat the process.<\/p>\n Use live\/demo\/paper trading & simulator to move faster.<\/p>\n Develop a growth mindset by reading and listening to a podcast every day.<\/p>\n Write in your daily journey your trades and what you’ve learned in terms of discipline and self-growth.<\/p>\n Uninstall subconscious patterns that you’ve learned from your parents\/teachers\/environment (fear of failure, fear of success, thinking small, money is the root of the evil, working hard for money and so on).<\/p>\n If you have negative thoughts, in order to have a positive mindset, first of, change the thoughts and then you’ll have a positive mindset.<\/p>\n Thoughts are created by the environment, watch the environment you are, how you act, what is your relation to money and trading?<\/p>\n Find what mental conflicts you have (trading is a casino, trading is gambling) and so on – here I’d advise reading Douglas’s Book.<\/p>\n Develop discipline and a trading routine, do it daily for the next 66 days so the mind can settle with the new information and the new habits that you’re building.<\/p>\n The hardest thing for me in this journey it was the fact that I didn’t accept to lose.<\/p>\n I couldn’t bear the loses, but If I can’t accept to lose why should I win? I’ve watched myself sabotaging multiple times because I was giving up mentally that I’m unable to get to the profit target when I was on a negative P&L because I tried to do it as fast as I could, accepting every setup instead of analyzing it and reading the full story and the context behind each confirmation rule.<\/p>\n In order to overcome this, I had to change the way I was thinking, to think bigger, to accept more from life and to stop playing it safe.<\/p>\n I had to work every day with my thoughts and with my mind in order to break this zone of mediocrity.<\/p>\n After working on this, I didn’t have any fear of losing money, I had control of what I was thinking and I was able to spot better trading setups in the market in order to get back to the profit target.<\/p>\n <\/p>\n How did you eliminate the factor of luck in your trading?<\/strong><\/p>\n I made a plan of keeping a daily goal and sticking to 1-3 instruments. I took my time and used 20 days to finish the trading Challenge.<\/p>\n How does passing the Challenge and Verification changed your life?<\/strong><\/p>\n Passing the Challenge does not only add more income but it will help me build my personal accounts. I plan to take my trading to such a level that I will only have the smallest losses and drawdown as this account has a limit of $5,000 daily.<\/p>\n What do you think is the key for long term success in trading?<\/strong><\/p>\n Staying consistent and making sure your wins are larger than your losses and making sure your risk to reward is reasonable.<\/p>\n <\/p>\nTrader Mihai shares very valuable advice for new traders<\/h3>\n
Trader Sheena reflects on her journey<\/h3>\n