Healthcare Professional Finds Success in Scalping with The 5%ers!

In an exclusive interview with The 5%ers, a healthcare professional-turned-trader shared insights into his five-year journey.

Home » Healthcare Professional Finds Success in Scalping with The 5%ers!

In an exclusive interview with The 5%ers, a healthcare professional-turned-trader shared insights into his five-year journey as a scalper and the strategies that led to his success.

Working in the healthcare field and managing trades from the comfort of his home, the trader is not only dedicated to his financial pursuits but also values family, citing two sons and an “amazing wife” as pillars of support.

Also, with five years of scalping under his belt, the trader employs a minimalistic approach to indicators, relying primarily on a 60 and 360 moving average. His watchful eye is on the 5-minute, 1-hour, and 4-hour timeframes, seeking price action reactions and identifying trends. Flexibility is key, as he looks for both continuations and reversals based on the prevailing market conditions.

Healthcare Professional Trader Finds Success in Scalping with The 5%ers

The trader candidly discussed facing setbacks, particularly in failing challenges or losing funded accounts. The turning point came with a focus on rigorous risk management and avoiding revenge trading. This shift in approach contributed to increased consistency and multiple successful payouts.

For this trader, emotional detachment from trades is paramount. Through repeated exposure and a meticulous review of trades, he cultivated the ability to let emotions pass and remain confident in his decisions. He emphasizes the importance of sticking to a well-defined plan.

Sharing insights into his evaluation strategy with The 5%ers, the trader highlighted the importance of sticking to his normal strategy. Starting with a conservative 0.5% risk, he gradually increased it based on successful trades. Notably, he focused on consistent, smaller gains rather than chasing large profits.

Moreover, addressing the differences between trading independently and with The 5%ers, the trader emphasized the increased capital and the imposition of strict trading rules. These rules, enforcing specific daily and total loss limits, have played a pivotal role in enhancing consistency and enforcing stricter personal risk management. The trader also praised The 5%ers for providing valuable resources that contributed to expanding his trading knowledge.

Key Points

  • A healthcare professional-turned-trader shared insights into his successful five-year scalping journey with The 5%ers.
  • Managing trades from home, he values family support, emphasizing the role of his two sons and “amazing wife” in his trading pursuits.
  • Relying on a minimalistic approach, he uses 60 and 360 moving averages, closely monitors 5-minute, 1-hour, and 4-hour timeframes, and adapts to market trends.
  • Also, faced with challenges and losses, the trader prioritized rigorous risk management and avoiding revenge trading, leading to increased consistency and successful payouts.

Want to read about the firm? Click here.

Leave a Reply

Your email address will not be published. Required fields are marked *

Newsletter

Subscribe to our Weekly Newsletter

The Funded Trader follows a belief that every retail trader deserves an opportunity to raise capital based on their performance and commitment to building their own business. They are searching for passionate and experienced traders who will succeed with the help of their funds by showing skills in various market conditions.

Finotive Funding is a proprietary firm founded by Oliver Newland, who understands that capital is, in most cases, the biggest obstacle to becoming a full-time trader. His goal is to create a process that will allow a way for retail traders worldwide of growing their capital and allowing them to generate significant returns.

Bespoke Funding strives to create unique funding opportunities for traders worldwide by creating approachable ways to become a professional, funded trader who can remotely manage their capital. They have developed a user-friendly experience with the industry's best technology to back it.

MyFundedFX offers traders three different challenge programs that aim to provide an opportunity to trade without risking their own capital. Profitable traders receive a payment based on a specific percentage of the profits they make while having no liability on the firm's capital, meaning that they will cover all losses.