{"id":614343,"date":"2024-04-03T15:00:29","date_gmt":"2024-04-03T13:00:29","guid":{"rendered":"https:\/\/ftmo.com\/?p=614343"},"modified":"2024-08-15T14:53:12","modified_gmt":"2024-08-15T12:53:12","slug":"top-ftmo-trader-ugnius-you-have-to-wait-for-a-good-trade","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/top-ftmo-trader-ugnius-you-have-to-wait-for-a-good-trade\/","title":{"rendered":"TOP FTMO Trader Ugnius: “You have to wait for a good trade”"},"content":{"rendered":"

In the third part of our series on successful FTMO Traders who have made impressive profits or are able to achieve consistent results, we have a look at trader Ugnius from Lithuania.<\/em><\/p>\n

Ugnius started investing when cryptocurrencies were at their peak, which for him, like many other traders, was an expensive training in risk management and discipline. Of course, dreams of a new Ferrari were nothing, but thanks to a friend, he eventually got into trading. To his own surprise, by copying other traders, he did well in the beginning and made good money, but eventually lost it again.<\/p>\n

Fortunately, this lesson forced him to start educating himself in trading and realise that copying other traders’ approach is not the path that leads to success. Thanks to his job, he had enough time to learn, which he devoted himself to intensively for quite a long time.<\/p>\n

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The basis of success is patience<\/h2>\n

Further mistakes and failed attempts at the FTMO Challenge taught him that the key to success is discipline and patience, that you can’t do the FTMO Challenge in one trade. Overall, however, it eventually took him about 10 years before he decided that, despite his good position at work, he wanted to take up trading full-time (but only after he had already earned enough from trading to support himself and pay all his bills for a longer period of time).<\/p>\n

Technicals and fundamentals<\/h2>\n

Ugnius trades intraday and exclusively with the DJIA stock index (US30.cash), which suits his style best. He uses moving averages as well as trend lines and Fibonacci levels in his approach. In addition, he tracks the most important macro data, such as inflation trends, and also emphasizes statements by central bankers.<\/p>\n

Thus, when he decides to enter a position, but the market is expecting an important statement or macroeconomic report, he prefers to wait to see what impact it will have on the price. If there is a significant move of a few dozen points, he prefers not to enter the trade as it is not beneficial for him in terms of the size of the Stop Loss level.<\/p>\n

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He focuses primarily on the one-hour chart when deciding to enter a trade, where he believes the Fibonacci lines work well, but he also looks at the daily chart to determine the market direction. However, the hourly chart is also important because he is not willing to hold his positions for too long and so this timeframe is the most advantageous for his intraday style (although he sometimes holds trades overnight).<\/p>\n