{"id":659886,"date":"2025-05-28T11:00:23","date_gmt":"2025-05-28T09:00:23","guid":{"rendered":"https:\/\/ftmo.com\/?p=659886"},"modified":"2025-05-28T09:54:34","modified_gmt":"2025-05-28T07:54:34","slug":"my-stop-loss-is-my-peace-zone","status":"publish","type":"post","link":"https:\/\/ftmo.com\/en\/my-stop-loss-is-my-peace-zone\/","title":{"rendered":"\u201cMy Stop Loss is my peace zone\u201d"},"content":{"rendered":"
The ability to tolerate losses is one of the most important skills any forex trader can have. A trader who cannot accept that some trades will occasionally end in a loss\u2014predefined by a clearly set Stop Loss\u2014cannot be successful in the long term. Our new FTMO Traders understand this well.<\/em><\/p>\n What do you think is the key for long term success in trading? <\/strong><\/p>\n The key to long-term success in trading is risk management, continuous learning, and adaptability. Keeping minimal drawdowns, evolving with market conditions, and refining strategies based on data and experience ensure sustainability in trading.<\/p>\n What inspires you to pursue trading?<\/strong><\/p>\n Discipline and patience are the most important attributes. A profitable trader follows his strategy consistently, avoids impulsive decisions, and manages risk effectively. Emotional resilience is also key to handling both winning and losing streaks without deviating from the plan.<\/p>\n What does your risk management plan look like?<\/strong><\/p>\n I focused on sticking to my trading plan and predefined risk management rules. I reminded myself that losses are part of trading and maintain a disciplined mindset. Taking a break, analysing the trade objectively, and avoiding revenge trading helped me stay in control emotionally.<\/p>\n How would you rate your experience with FTMO?<\/strong><\/p>\n I would rate my experience with FTMO as excellent. The structured evaluation process and clear risk management guidelines have significantly improved my trading discipline and strategy execution<\/p>\n How did you manage your emotions when you were in a losing trade?<\/strong><\/p>\n During losing trades, I focused on maintaining composure by sticking to my trading plan and risk management strategy. I reminded myself that losses are part of the trading journey and took time to reflect on what could be improved, using each loss as a learning opportunity.<\/p>\n One piece of advice for people starting the FTMO Challenge now.<\/strong><\/p>\n Stay disciplined and follow your trading plan religiously. Consistency is the key to passing the challenge, so avoid impulsive trades and always keep risk management as your top priority.<\/p>\n What inspires you to pursue trading?<\/strong><\/p>\n At first it was the thought of financial freedom and being able to purchase something without having the stress over it. But slowly, I realized that trading is very tough and the ideology of it is beyond what I initially thought was. I lost money and was humbled. Yet I did not give up because I see a potential in this career. Hence, I kept trying.<\/p>\n How did you manage your emotions when you were in a losing trade?<\/strong><\/p>\n Even losing trade is a good trade. I will tell myself that all trades that I took were valid and even if it ended in a loss, it\u2019s still a good loss. Hence, my emotions would not be affected much.<\/p>\n How did you eliminate the factor of luck in your trading?<\/strong><\/p>\n Trading is more than just luck. It\u2019s about analysis, entering at the right time and conserving your capital when needed. I believe in strategic execution and do not require luck in trading. It\u2019s skills that I need.<\/p>\n Describe your best trade.<\/strong><\/p>\n My best trade was a swing trade of XAUUSD (GOLD), over 700 pips. It was a trade I held for 2-3 days, and the volume was insane. This trade made me realize that I should believe in my own analysis and shall not be emotionally affected by the result of the trade.<\/p>\n What do you think is the most important characteristic\/attribute to becoming a profitable trader?<\/strong><\/p>\n The discipline to be humble and learn. When I started my trading career, I was arrogant and unwilling to accept losses. I would take revenge on trade and chase back the losses that I made. This is psychologically affecting me and would affect my analysis on my trades. So, having the ability to accept loss is an attribute to becoming a profitable trader because you learn when you lose.<\/p>\n What is the number one advice you would give to a new trader?<\/strong><\/p>\n Never go to a market looking for wins. Go to the market and look for precise opportunities.<\/p>\n How did you manage your emotions when you were in a losing trade?<\/strong><\/p>\n My stop loss is my peace zone. When I execute a trade, I accept what I risk emotionally speaking. I’ve lost so many times that I don’t even feel them anymore, and I focus on the lessons.<\/p>\n How does passing the FTMO Challenge and Verification changed your life?<\/strong><\/p>\n After passing the test, my decision-making, both in charts and in my personal life, has improved dramatically. My management and analysis have evolved. I feel like a different person, closer to my best version.<\/p>\n What do you think is the key for long term success in trading?<\/strong><\/p>\n Consistency, discipline, learning to lose, and learning to win the lessons of losses, putting faith in change as a person towards constant improvement.<\/p>\n Where have you learnt about FTMO?<\/strong><\/p>\n In 2022, I learned about the company, researching which was the most efficient and legitimate company on the market, and I discovered that FTMO has been around since 2014, and that gave me more confidence in investing my money in FTMO.<\/p>\n Do you have a trading plan in place, and do you follow it strictly?<\/strong><\/p>\n Yes, I have a very clear plan of what to do when executing, and of managing my account both financially and emotionally, it is that plan that has helped me achieve the goal.<\/p>\n What would you like to say to other traders that are attempting the FTMO Challenge?<\/strong><\/p>\n I would tell them to never give up, be consistent, and focus their minds on improving themselves, since trading is just like your personal life.<\/p>\n Describe your best trade.<\/strong><\/p>\n I made a lot of trades that I enjoyed taking but I think the most exciting trade for me was my last trade to pass the complete challenge.<\/p>\n How does passing the <\/strong>FTMO<\/strong> Challenge and Verification change your life?<\/strong><\/p>\n Nothing has changed yet because I now go for payouts and bigger capital accounts, but it is definitely a milestone for me. I have been in the market for many years with a lot of ups and downs, but I found my way.<\/p>\n How did you eliminate the factor of luck in your trading?<\/strong><\/p>\n Try to pass a challenge with a lot of time horizons and I did not want to pass it quickly because then it\u2019s not consistent. So, it\u2019s no luck anymore every trade that I now take is with calculation and a deeper understanding.<\/p>\nTrader Lee: \u201cI reminded myself that losses are part of trading.\u201d<\/h3>\n
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Trader Tan Jun Wei: \u201cEven losing trade is a good trade.\u201d<\/h3>\n
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Trader Alang Yunior: \u201cWhen I execute a trade, I accept what I risk.\u201d<\/h3>\n
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Trader Jaydi: \u201cSee the bigger picture, do not try to rush anything.\u201d<\/h3>\n
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