In a recent interview with The5%ers, Ostap, a 29-year-old trader from Ukraine, shared his journey to becoming a funded trader. With 1.5 years of experience trading smart money concepts (SMC), Ostap is one of The5%ers’ $100K funded traders, having successfully withdrawn $10,965 after three payouts. His next goal is to reach a 10% profit to scale his High-Stakes account to $125K.
In-Depth Interview: Ostap Became a Successful Trader with The5%ers
Ostap revealed that his trading strategy revolves around taking a 1% risk per trade, using liquidity sweeps and order flow in conjunction with Fair Value Gaps (FVG) on the 1-hour and 15-minute charts. He enters trades on the 5-minute chart, focusing on high-probability setups. A key aspect of his trading success has been maintaining discipline and emotional control, which he identified as one of his biggest challenges. Ostap admitted that emotions at times influenced his decisions, but over time, he developed a stronger mental approach, particularly by tracking his emotions after each trade and acknowledging when to step away if needed.
Risk management has played a pivotal role in his trading journey. After experimenting with smaller risk percentages, Ostap found that 1% risk per trade aligns best with his trading personality, allowing him to better manage both losses and profits.
When asked about his key moment in trading, Ostap mentioned his shift to SMC as a turning point. Despite previous failures with other strategies, SMC worked for him, leading to a decisive switch in his approach.
Ostap’s advice to aspiring traders is clear: take your time and avoid rushing through the stages of evaluation. “Work at your own pace,” he emphasizes, highlighting the importance of patience and discipline in becoming a consistent trader. His experience underscores the significance of mastering both strategy and mental discipline in the pursuit of trading success.
About the Firm
The5%ers is both a proprietary trading firm and a growth program that offers distinctive career advancements to forex traders around the globe. Traders have the opportunity to earn substantial profits, with the flexibility to manage account sizes up to $250,000 and receive up to 100% profit splits.
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