“You have to keep going no matter what is thrown at you”

Trading is simple, but not easy. Anyone can open a position in a trading platform, but only the best can stay cool even when things are going badly and are able to overcome extended periods of losses when everything seems to be going against them. And how are our new FTMO Traders doing?

Trader Xuan Dai: “Time will allow you to get results.”

How did you manage your emotions when you were in a losing trade?

Really calm down and see what the main trend is. And assess how much damage can be controlled if it doesn't go your way!

How would you rate your experience with FTMO?

My experience at FTMO is precious and appreciated! Thanks to FTMO, I have continuously developed, as well as had more opportunities and long-term companionship! Very grateful to FTMO!

How did you eliminate the factor of luck in your trading?

When I enter and exit a trade, I usually define my principles and methods, but if it doesn't work out, I will redefine an acceptable level!

How did passing the FTMO Challenge and Verification change your life?

In terms of trading style, it is not as comfortable as before. I have to protect my real account. Opportunities will come when the mentality and method are stable!

What was the hardest obstacle on your trading journey?

When you are wrong, do you dare to accept your mistake and stop at the accepted position? Not continuing to be wrong is already a victory for yourself! The mentality of not trying to make up for it will bring success to everyone! Time will allow you to get results! Not rushing is the key factor!

One piece of advice for people starting the FTMO Challenge now.

I still like the saying: “If you want to be fast, you have to be slow”, steady is still better. Opportunities are always there; the question is whether you can wait or not! When you are stuck in a state, you have inadvertently lost opportunities along the way! Just trade calmly and principledly, the results will come!

Trader Jason Dan “The market will give you the opportunities at the right time.”

How did loss limits affect your trading style?

I ensured my risk per trade 1%-2%, my max loss per day was 2%. But because I have relatively conservative risk management, I never got to that point, and as a result, it never reached the max loss limits.

What was the most difficult during your FTMO Challenge or Verification and how did you overcome it?

Managing my emotions, when it comes to holding onto winning trades and quickly letting go of losing positions. That was hard for me. But I ensured the confluences I used allowed me to focus on technical reasons to hold on to winners and cut losers quickly.

What inspires you to pursue trading?

Financial freedom, having enough time to spend with family.

What do you think is the most important characteristic/attribute to become a profitable trader?

Patience. The market will give you the opportunities at the right time, with your playbook. Never force yourself to see things that aren’t in your playbook, just so that you can make money.

What do you think is the key for long term success in trading?

Having an edge in your trading playbook that can be backtested and forward tested over a long period of time, through different market conditions, and still allows you to be profitable in the longer run.

What is the number one advice you would give to a new trader?

Get a mentor who has already been there, and already has a working playbook that you can learn its concepts, understand the technicalities behind it, and then tweak it according to your trading style and personality.

Trader Ken: “Accept losses and move on to the next trade.”

What inspires you to pursue trading?

I’ve always wanted to be able to work from home and make money.

Has your psychology ever affected your trading plan?

Yes! Trading is not easy, not because it requires you to be the best chart analyst or the best lines on the chart but because it requires you to always be mindful of your emotions while you’re trading. This is one aspect of psychology that separates the profitable and non-profitable long term.

What was the hardest obstacle on your trading journey?

Psychology for sure. It’s always been hard to stay mindful of my emotions and not act upon them. This is something that takes time to work on.

What do you think is the most important characteristic/attribute to become a profitable trader?

Being able to accept losses and move on to the next trade.

What do you think is the key for long term success in trading?

Perseverance! You have to keep going no matter what is thrown at you, just follow your plan and stay positive.

What would you like to say to other traders that are attempting the FTMO Challenge?

Take your time, you don’t need to complete the challenges in 30 days anymore. Stay patient and follow your plan!