TFT Podcast – Trader Mike Achieves Impressive Payouts!

In a recent episode of the TFT podcast, Mike, a trader hailing from New York, shared his remarkable success with TFT.

Home » TFT Podcast – Trader Mike Achieves Impressive Payouts!

In a recent episode of the TFT podcast, Mike, a trader hailing from New York, shared his remarkable success with The Funded Trader (TFT). Mike, at the young age of 22, revealed that he has received a payout of over $4,000, with another substantial payout of over $7,000 on the horizon.

During the engaging podcast, Mike discussed his challenging trading journey, emphasizing the difficulties of mastering complex concepts and managing emotional aspects. He highlighted the skepticism and misconceptions surrounding forex trading, especially in the wake of the COVID-19 pandemic, when many individuals sought financial opportunities.

Mike’s trading journey began when a friend introduced him to TFT, prompting him to invest $200. Despite early successes, Mike faced challenges with recruiting and the skepticism of others who misunderstood the nature of trading. Undeterred, he persisted, learning valuable lessons through losses and gaining a deeper understanding of the forex market.

TFT Podcast – Trader Mike Achieves Impressive Payouts, Shares Trading Journey

Reflecting on the emotional rollercoaster of trading, Mike discussed the importance of overcoming losses and maintaining a positive mindset. He shared how he stabilized himself mentally when facing drawdowns, showcasing resilience in the face of adversity.

Detailing his trading strategy, Mike explained that he focuses on JPY pairs, particularly UJ, CAD/JPY, and EUR/JPY. He has developed specific rules for trading, such as starting to look for trades after 8:30, mapping out key zones, and incorporating quarter price levels in his analysis.

Mike candidly discussed his experimentation with US30 and the challenges he faced while attempting to scalp the pair. Acknowledging the volatile nature of US30, he emphasized the need to find a pair that suits one’s trading style and personality.

In addressing the frequency of his trades, Mike admitted to taking around 20 trades per week, acknowledging the need to reduce this number. He highlighted the emotional challenges associated with losing trades and discussed his evolving approach to risk management, adjusting position sizes after consecutive losses.

Key Points

  • Trader Mike, 22, shared success on the TFT podcast with payouts of over $4,000 and an upcoming $7,000.
  • Mike faced challenges mastering trading concepts and managing emotions amid skepticism post-COVID-19.
  • Introduced to TFT with a $200 investment, Mike overcame recruiting and skepticism hurdles.
  • Mike stressed resilience during drawdowns, highlighting the importance of a positive mindset.
  • Detailing his strategy, Mike focuses on JPY pairs and aims to reduce 20 trades per week, adapting risk management.

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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.

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