In a riveting interview with The Funded Trader (TFT), Denver’s own James, a trader who has reached the six-figure echelon, unveils the narrative of his trading journey. From his initial foray into the market with Bitcoin to mastering the dynamics of US30, James’s story is a testament to the resilience and strategic acumen required in trading.
Starting with Bitcoin and later delving into Ethereum, James found his true calling with US30 through Investa Made Easy, a platform where he refined his trading skills. “I fell in love with it, and here I am today. That’s all I trade, is US30,” he remarked, highlighting his dedication to mastering a single trading instrument.
Striking a Balance: Entrepreneurship and Trading
James juggles his time between running a flooring business in Denver and trading, aiming to transition to full-time trading in the next six months. Despite the hurdles, his determination shines through as he navigates the dual demands of entrepreneurship and trading.
With TFT, James manages a live $200,000 account while also tackling phase two challenges for an additional $100,000, setting his sights on elevating his account to $300,000. His ambition stretches further, aspiring to breach the seven-figure threshold in trading.
Overcoming Obstacles: Patience and Strategy
Identifying impatience as a significant barrier, James underscores the necessity of waiting for the right entry signals and the dangers of greed and revenge trading. His approach to risk management is disciplined, focusing on never over-leveraging and adhering to a 1% to 3% daily goal to maintain consistency and limit losses.
Reflecting on his trading highs and lows, James shares the exhilaration of a $8,000 win in a single day trade and the humbling experience of losing two accounts in one day, underscoring the critical lessons learned from revenge trading.
About The Funded Trader
The Funded Trader champions the quest for skilled traders, offering them a platform to demonstrate their prowess in challenging market conditions. Offering account sizes up to $400,000 and up to 90% profit splits, the firm is dedicated to empowering traders to achieve substantial earnings and grow their trading careers.
For more insights into prop trading firms and forex funded programs, visit allproptradingfirms.com.
