Discover the inspiring trading journey of Nhân, a trader who has amassed over $25,000 in payouts and commands a funded account worth $400,000, in an engaging interview with The Funded Trader (TFT). Starting his trading career in 2015 during his military service, Nhân initially focused on cryptocurrencies before venturing into options trading, attracted by the promise of higher returns.
Nhân’s Evolution as a Trader
Nhân candidly shared his initial challenges in trading, characterized by emotion-driven decisions that often led to losses. However, a significant shift occurred two years ago when he adopted a more analytical approach to chart analysis, pattern recognition, and understanding market psychology, which he believes constitutes 90% of trading success.
Strategic Insights and Risk Management
In the interview, Nhân outlined the core aspects of his trading strategy, focusing on chart patterns like ascending and descending wedges. He uses tools like TradingView to pinpoint entry points through trendline breaks, alongside implementing support and resistance levels, and moving averages for enhanced decision-making. Nhân also discussed his unique approach to risk management, including the use of mental stop losses and adaptive lot sizing, to safeguard his investments.
Psychological Challenges and Overcoming Them
The psychological hurdles of trading, including dealing with FOMO and the strain of consecutive losses, were highlighted by Nhân as his ongoing challenges. He emphasizes the importance of discipline, treating trading as a serious business, and learning from each trade to improve and succeed in the long term.
About The Funded Trader Program
The Funded Trader champions the cause of offering retail traders the chance to elevate their trading journey by providing necessary capital based on their skills and dedication. The firm is on a quest to find passionate traders who can thrive under various market conditions, leveraging the firm’s support to build their trading business.
For more insights on forex prop firms and how they can transform your trading career, visit our comprehensive guide on the subject.