In an enlightening discussion with TFT, Steven Stanimirovic, a trader from Miami, opens up about the rollercoaster ride that has been his trading career. Starting with an initial draw to cryptocurrency, Stanimirovic’s journey saw him navigating through the volatile crypto market, taking a detour into Airbnb Arbitrage, and finally finding his trading stride thanks to the mentorship of Tino from Traders Reality.
The Evolution of a Trader
Stanimirovic’s trading philosophy has been significantly influenced by the concept of market makers and the hybrid system taught by his mentor, Tino. He credits simple yet impactful indicators such as high-volume candles and fair value for reshaping his approach to trading. Despite the challenges and inevitable failures along the way, Stanimirovic highlights the importance of risk management and the acceptance of losses as part of a profitable strategy over time.
Overcoming Challenges
Transitioning to profitability was no small feat for Stanimirovic. It required acknowledging mistakes, adapting to the market’s irrational nature, and constantly refining decision-making processes. One recurring challenge he faces is managing biases, especially when it comes to longing resistance and shorting support, as well as combating greed to make timely exits from trades.
Path to Profitability
Key to Stanimirovic’s success has been mastering risk management and understanding the nuances of lot size. He advocates for an aggressive approach during trading challenges and a more conservative strategy for managing funded accounts. The strategy of diversifying across multiple funded accounts stands out as a risk mitigation measure that has served him well.
About The Funded Trader
The Funded Trader, established on May 12, 2021, is a proprietary trading firm based in the US. Offering traders the opportunity to manage capital up to $1,500,000 and earn up to 90% profit splits, TFT has partnered with reputable brokers such as Eightcap, ThinkMarkets, and Purple Trading Seychelles, underscoring its commitment to providing a supportive platform for traders’ success.
