We spoke with Tan about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.
- How did you adjust risk management to your trading personality?
After opening a position, I am ready with the stop-loss first. Then I can prepare the plan for stop-loss; a ready mind can help me deny the fear of stop-loss, and then I keep it until it hits stoploss. Calculatedly, I use the Risk Reward ratio 1:1; then, I need confirmation that more than 50% is the way the market goes.
- How long does it take to become a consistent trader, and what aspects did you change that helped you become consistent?
it’s about 2 years, I think so.
October 12, 2023 | 2:05 pm | Interviews With Traders
- What is your mental/psychological strength, and how did you develop it?
In an interesting way, I trust my plan. If the plan goes wrong. let it be wrong; do not interrupt it. If it goes right, you just need to keep calm and add 1 more time of trust in your plan for the next trade.
His next mission is to reach 10% of profit and to scale his funds to $100K.