The transformation of Tan, a former engineer, into a celebrated full-time trader, is a narrative of ambition, skill, and personal growth. The5%ers, in a captivating interview, delve into Tan’s extraordinary transition and his achievements in the trading world, offering insights into his strategies and the wisdom he’s gained along the way.
Embarking on a Trading Adventure
Initiating his trading voyage in 2024, Tan made a bold shift from engineering to the trading arena, driven by a quest for freedom and a penchant for risk-taking. Over three years with The5%ers, he has meticulously refined his trading approach, embodying the essence of a strategic and disciplined trader.
A Day in the Life of Trader Tan
Tan’s trading day is a disciplined routine beginning in the Asian session with thorough market analysis, transitioning into the European session to evaluate and potentially adjust his positions, and culminating in the New York session where he focuses on position closure, especially ahead of major news releases or to capture profits.
Strategy and Mental Fortitude
Central to Tan’s strategy is the rigorous management of stop-loss orders and a steadfast adherence to his trading plan. His approach to setting stop-loss levels immediately upon entering trades is a testament to his methodical risk management. Tan’s strategy is anchored in a Risk Reward ratio of 1:1, coupled with a strategic patience for market confirmation before adjusting his positions.
Tan candidly addresses the psychological rigors of trading, noting the emotional rollercoaster that mirrors market volatility. He underscores the significance of taking breaks and leveraging music as a tool for emotional recalibration, which enables him to sustain focus and make judicious trading decisions.
Discover more about Tan’s journey and insights by reading the full blog here.
The5%ers: A Platform for Trading Excellence
- Accessible Bootcamp Challenge with low entry costs.
- Vibrant community of traders.
- Permissive stance on news trading.
- Allowance for overnight and weekend holding.
- Support for algorithmic trading.
- State-of-the-art trader dashboard.
