{"id":643144,"date":"2024-10-16T15:20:41","date_gmt":"2024-10-16T13:20:41","guid":{"rendered":"https:\/\/ftmo.com\/?p=643144"},"modified":"2024-10-30T10:23:30","modified_gmt":"2024-10-30T09:23:30","slug":"passion-first-and-after-that-edge-psychology-management-etc","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/passion-first-and-after-that-edge-psychology-management-etc\/","title":{"rendered":"\u201cPassion first and after that edge, psychology, management, etc.\u201d"},"content":{"rendered":"
Most traders start trading mainly because of the promise of quick and easy earnings. However, after a few losses, many find that it’s not so much fun because it’s not just about the money. If you simply don’t enjoy trading, consistent results will be hard to achieve, as our new FTMO Traders also know.<\/em><\/p>\n What was the hardest obstacle on your trading journey?<\/strong><\/p>\n Honestly, the hardest part is keeping a cool head when the market goes against you. There were times I found myself making impulsive trades just to recover from previous losses. It was stressful, but over time, I learned to accept losses and stick to my initial plan.<\/p>\n What do you think is the key for long term success in trading?<\/strong><\/p>\n I think the key to long-term success in trading is discipline. Like, once you set your rules, you have to stick to them and not let emotions take over. Risk management is also super important because if you\u2019re not careful, one bad move could wipe out your account.<\/p>\n What inspires you to pursue trading?<\/strong><\/p>\n For me, the biggest motivation is freedom. Financial freedom and time freedom. I don\u2019t want to be stuck in a 9-to-5 job; I want to make money based on my own skills. The feeling of being in control of my decisions in the market is what keeps me going.<\/p>\n How has passing the FTMO Challenge and Verification changed your life?<\/strong><\/p>\n Passing the FTMO Challenge and Verification gave me a huge confidence boost. It opened the door to trade with a larger capital and created a stable income. It also reassured me that I can actually make a living from trading.<\/p>\n What was the most difficult during your FTMO Challenge or Verification and how did you overcome it?<\/strong><\/p>\n The hardest part was when the market didn\u2019t present any clear opportunities, and I had to be patient and wait. There were times when I just wanted to jump into a trade for the sake of action, but I reminded myself that patience is key. Eventually, I stuck to my rules and made it through.<\/p>\n What would you like to say to other traders that are attempting the FTMO Challenge?<\/strong><\/p>\n I\u2019d just say, stick to your rules and don\u2019t let emotions control you. Don\u2019t worry too much about losing trades because it\u2019s part of the game. The important thing is to manage your risk well and always learn from your mistakes. If you stay patient and don\u2019t give up, you\u2019ll get there.<\/p>\n What was easier than expected during the FTMO Challenge or Verification?<\/strong><\/p>\n Both have their own difficulties, but the Verification might bring more pressure and make you commit mental errors.<\/p>\n What was the hardest obstacle on your trading journey?<\/strong><\/p>\n Constant failure followed by small improvements and more failure, but all boiling down to finding your edge and what actually works for you individually.<\/p>\n What do you think is the most important characteristic\/attribute to become a profitable trader?<\/strong><\/p>\n Passion. If you enter this business just for the money and during that process you do not become passionate about trading, you will give up eventually and\/or fail because you will not focus on becoming a better trader but rather on the financial part. Passion first and after that edge, psychology, management, etc.<\/p>\n What was more difficult than expected during your FTMO Challenge or Verification?<\/strong><\/p>\n It’s a weird question because once you trade from a logical perspective, you’re not going to be that attached by the fact you are doing a challenge or verification. But probably for me is patience in waiting for the trades to present themselves.<\/p>\nTrader Huu Hoan: \u201cIf you stay patient and don\u2019t give up, you\u2019ll get there.\u201d<\/h3>\n
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<\/a><\/p>\nTrader Dan: \u201cPassion first and after that edge, psychology, management, etc.\u201d<\/h3>\n
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