{"id":602377,"date":"2023-12-20T15:30:47","date_gmt":"2023-12-20T14:30:47","guid":{"rendered":"https:\/\/ftmo.com\/?p=602377"},"modified":"2023-12-20T15:43:24","modified_gmt":"2023-12-20T14:43:24","slug":"be-patient-and-wait-for-the-perfect-set-up","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/be-patient-and-wait-for-the-perfect-set-up\/","title":{"rendered":"\u201cBe patient and wait for the perfect set-up\u201d"},"content":{"rendered":"
Trading is not a sprint, it’s a long run, and without patience you don’t have much chance of success. It seems strange at first, but in trading, it really is true that you’ll slowly progress. And this approach has paid off for our new FTMO Traders Deeptishrao, Victor, Josef and Jos\u00e9 Anibal.<\/em><\/p>\n How would you rate your experience with FTMO?<\/strong><\/p>\n 5 out of 5. Excellent experience.<\/p>\n How did you manage your emotions when you were in a losing trade?<\/strong><\/p>\n Whenever I have a losing trade, I step away from trading for a moment and meditate. It brings me back to a calm, rational and logical mind. I visualize my goals and re-calibrate myself. I then step back to trading and before placing another trade, I do a few things including assessing why the losing trade happened, what I did wrong and what I could have done right. I write in my trading journal everything that I did, including my emotions during placing the trade. I tell myself that a losing trade is part of the game and that a winning trade may just be around the corner which will make up for the loss and some more.<\/p>\n What do you think is the key for long term success in trading?<\/strong><\/p>\n Discipline, dedication, devotion, excellent trading skills, self-worth, hyper focus, ambition, psychology, self-control, excellent risk and money management, fearlessness, courage, and a love for trading. Always have a trading plan and follow only the plan. Be patient and wait for the perfect set-up. If there are no set ups available, wait and do not trade, a set up will eventually become available to you. Keep the losses small and let the profits ride using a Trailing Stop Loss.<\/p>\n Do you plan to take another FTMO Challenge to manage even bigger capital?<\/strong><\/p>\n Yes.<\/p>\n How has passing the FTMO Challenge and Verification changed your life?<\/strong><\/p>\n I feel I am closer to achieving my wildest dreams. It is my dream and aim in life to become a full-time professional trader.<\/p>\n What is the number one advice you would give to a new trader?<\/strong><\/p>\n Never give up. Look after yourself daily (exercise, meditate, rest, and always learn). Have your mind, body, and soul always sharp when trading. Always use proper risk management. Always be humble after a winning trade because the next losing trade may just be around the corner. Always research before entering a trade. Step away from the screen after a losing trade to calm yourself down and re-calibrate your emotions and thought processes. Do not overtrade, you will always find another good trade if you stay patient and confident. Strive for excellence. Aim to be the best trader and always look to find the best set up before entering a trade. Go for your wildest dreams because when you achieve it, you will feel like you are on the top of the World.<\/p>\n What inspires you to pursue trading?<\/strong><\/p>\n I prayed to God for a sign. Trading is an answered prayer in my life. I am a military veteran. Since leaving, I have been driving semi-trucks. Last year I felt so lost. My girlfriend moved out, and then I lost my job. I got a mentor months after. I have been getting better. I’ve been taking FTMO demo challenges since last December. My 2nd real try… a year later… I’m extremely grateful for this opportunity, your platform, analysis, and Account MetriX. Thank You FTMO.<\/p>\n Do you have a trading plan in place, and do you follow it strictly?<\/strong><\/p>\n No. Not yet. It’s inevitable. This experience is a part of my learning process.<\/p>\n What was easier than expected during the FTMO Challenge or Verification?<\/strong><\/p>\n It’s always dependent on the opportunity and not getting emotional. Patience and good risk management is paramount. I’ve taken so many Free Trials. I’ve gotten better since last December due to access to the Free Trials.<\/p>\n Do you plan to take another FTMO Challenge to manage even bigger capital?<\/strong><\/p>\n It’s inevitable. I will have max allocation. I plan on aiming for 5% a month. Aiming for low risk (<1%) \/ moderate return (1:2.5) risk management model.<\/p>\nTrader Deeptishrao \u201cAlways have a trading plan and follow only the plan\u201d<\/h3>\n
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Trader Victor: \u201cPatience and good risk management is paramount.\u201d<\/h3>\n
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