{"id":565584,"date":"2023-05-24T12:20:09","date_gmt":"2023-05-24T10:20:09","guid":{"rendered":"https:\/\/ftmo.com\/?p=565584"},"modified":"2023-05-24T12:26:52","modified_gmt":"2023-05-24T10:26:52","slug":"do-not-chase-the-trade-if-its-not-there","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/do-not-chase-the-trade-if-its-not-there\/","title":{"rendered":"\u201cDo not chase the trade if it’s not there\u201d"},"content":{"rendered":"
The ability to wait for the right moment to enter the market and stop yourself from executing a position at any price is one of the skills of successful traders that not everyone learns. Patience has also led our new FTMO Traders, Nasir, Keano, Rutik and Densley to success.<\/i><\/em><\/p>\n <\/p>\n What was more difficult than expected during your FTMO Challenge or Verification?<\/strong><\/p>\n Some of the things that were more difficult than expected for me include managing emotions during drawdowns, sticking to a trading plan consistently, and adjusting to the rules and restrictions of the Challenge.<\/p>\n What do you think is the most important characteristic\/attribute to become a profitable trader?<\/strong><\/p>\n There are many important characteristics and attributes that can contribute to becoming a profitable trader, but some of the most commonly cited ones include discipline, patience, risk management skills, a strong work ethic, and the ability to remain objective and unemotional when making trading decisions.<\/p>\n What was easier than expected during the FTMO Challenge or Verification?<\/strong><\/p>\n I have found that the rules and restrictions of the FTMO Challenge actually made it easier to stay disciplined and focused on the trading plan, as there was a clear set of guidelines to follow. Additionally, I also have found that the FTMO Challenge helped me to develop a stronger sense of risk management and to better understand my own trading psychology.<\/p>\n <\/p>\n What inspires you to pursue trading?<\/strong><\/p>\n Different traders are inspired by different things, but some of the main reasons why I pursue trading include the potential for financial independence, the intellectual challenge of analyzing markets and making profitable trades, and the ability to work from anywhere in the world with an internet connection. You can say trading is my passion and daily working habits.<\/p>\n How would you rate your experience with FTMO?<\/strong><\/p>\n The FTMO program was a great way for me to test my trading skills and gain valuable experience. The Challenge was tough but fair, and I appreciated the feedback I received on my trading performance. The risk management guidelines helped me to become a more disciplined trader, and I was able to develop a profitable trading plan as a result. Overall, I had a very positive experience with FTMO and would recommend it to anyone looking to take their trading to the next level.<\/p>\n <\/a><\/p>\n What is the number one advice you would give to a new trader?<\/strong><\/p>\n One of the most important pieces of advice for new traders is to focus on developing a solid trading plan and sticking to it consistently. This plan should include specific entry and exit criteria, risk management guidelines, and a clear understanding of your trading goals and objectives.<\/p>\n <\/p>\n Do you plan to take another FTMO Challenge to manage even bigger capital?<\/strong><\/p>\n Yes, my goal is to reach the max allocation allowed!<\/p>\n How did you manage your emotions when you were in a losing trade?<\/strong><\/p>\n At first my stomach would burn, and I would just completely lose it. Now after losing so many times, I kind of don’t feel it anymore, I just have faith in my capabilities to rectify my losing trades.<\/p>\n What was the most difficult during your FTMO Challenge or Verification and how did you overcome it?<\/strong><\/p>\n The most difficult part was sitting and waiting for setups. When I started this last FTMO Challenge, I made sure that all my study work and backtesting was done beforehand. By doing that the days felt very long, and I got impatient a lot of times as I was just sitting and waiting for setups, I countered it by just staying active and exploring other hobbies in my down time such as tennis and content creation.<\/p>\n <\/p>\n Describe your best trade.<\/strong><\/p>\n My best trade can only be explained by calling it a feeling. My setups all follow the same logic, but there came a time a couple of months ago when I just started feeling very sure of my executions and I just didn’t feel lost in the market anymore. So, my best trade would be when I got that feeling.<\/p>\nTrader Nasir: “You can say trading is my passion and daily working habits”<\/h3>\n
Trader Keano: “The most difficult part was sitting and waiting for setups.”<\/h3>\n