Failure is My Success Recipe

Andi B. $100K account advanced statistic- The5ers funded trader - High-stakes account

 

Tell us a little bit about you.

Originally from Indonesia, I have been living in England for the last 5 years. I have a finance education background, more specifically in Accounting. I started trading when I was 20 years old and have been going through steep ups and downs during my journey. I began before the prop firm was as popular as it is now and lost a lot of my own money, roughly around £150k. It’s a lot of money, but looking back now, I took it as my tuition fee.

 

Please share with us a challenge you faced in your trading career and how you overcame it.

 

What is your mental/psychological strength, and how did you develop it?

 

My risk management is very personal to me. I don’t use a % basis, instead consistent lot size. I have a high win rate, but okay, Risk to Reward, and I use this stat to my own benefit. Consistent lot size doesn’t mean I risk the whole of my daily drawdown, but this is the combination between the amount of my SL pips and my emotional comfort. This allows me to execute quickly wherever I am without any hesitation. Again, trading is very personal, and you need to follow what is best for you without needing to follow other traders.

 

 

 

Andi B. $100K account Graph - The5ers funded trader - High-stakes account

 

 

What would you recommend to someone who is just starting with us?

Andi B. $20K account advanced statistic - The5ers funded trader

 

His next mission is to reach 10% of profit to scale his High-stakes accounts to $125K and to scale his Hyper-growth account to $80K account.

Keep my risk low in terms of personal money and another source of income. I love trading, so having many accounts can be a privilege.

“The pain of losing a prop firm account is nowhere near the same as losing your own money.”

I am immune from the pain of losing by getting rid of my expectations.

 

Describe a key moment in your trading career

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Andi B., 29 years old, From The UK.

 

Andi $20K Hyper-growth Account

We spoke with Andi about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.

👉 Click here to check our funding programs.

Do not trade with any prop firm if you haven’t had a thick skin. The pain of losing a prop firm account is nowhere near the same as losing your own money. Any real business will require you to fail and fail and fail before you find any success. If business finds success in the first attempt, they won’t be staying for longer.

 

 

I am a Part-time trader. I have been consistent for 3 years but have been trading for 7 years.

I trade with a simple approach: I use a combination of timeframe Monthly-Daily-1hour and never check any other timeframes. The first step is to mark the high and low of the closing month and never look back into monthly until the end of the month. Daily isn’t really important for me, so often I skip this. This is because 1 hour has all the information I need for the whole month. Timeframe is all the same for me, but focusing on one will give you much more clarity and quick decision-making. I trade only with the Monthly marking line and only execute it in every 1hr candle close. Some people will say I trade a naked chart. Wave and timing are 2 important keys in my trading.

When I traded with my own funds, the biggest challenge was the fear of losing money. This was my worst nightmare when it comes to trading, and I believe I’m not alone in this issue. I had some periods in the past where I was super hesitant in executing my trades, which, funnily enough, more than 50% turned out to be winning trades. The way I overcame this was by getting used to the losing pain. There is no shortcut or textbook guidance to solve this. I accepted losing is part of my trading journey. I draw my journey in a curve where you will never see a consistent upward move. You will need the new low to break your previous high. This is key in my trading, my mindset, and my life. At this point, failure is my success recipe.

 

How long does it take to become a consistent trader, and what aspects did you change that helped you become consistent?

Andi B. $20K account - The5ers funded trader

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Andi $100K Phase Two High-stakes Account

 

2-3 years. My trading approach focuses on what I see in the market right now by trading naked chart. Not following what I draw, what I want, and what I think It’s right.

 

Briefly describe your Trading Plan and how it contributes to your success.

 

How long have you been trading?

 

What was your strategy to successfully pass The5ers’ First Level?

When I realize I want to become a better and more consistent trader, not a richer trader, as cliche as it sounds, money will follow. Always think of the long term.

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منبع: https://the5ers.com/140k-in-funding/

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