Back to BlogWe spoke with Nguyen about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.
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Tell us a little bit about yourself.
I have been working at the head office of a bank in Thailand. I work in the IT field. I trade manually, but I also utilize bots to complement my strategy.
How long have you been trading?
I have been trading for 10 years.
Briefly describe your Trading Plan and how it contributes to your success.
I open 24 chart windows for forex pairs simultaneously, each loaded with my own custom-developed indicator and trading strategy. If the conditions meet my criteria, I either enter the trade manually or utilize my bot to execute the trade at my desired entry and exit points.
Share with us a challenge you faced in your trading career and how you overcame it?
Trading strategies, no matter how well-planned, can still encounter errors. Periodically, I make adjustments to the indicators or modify the strategy to ensure it remains aligned with market conditions. I have faced many failures, but I never give up. I continually push forward, making sure my efforts are grounded in strategy and never in reckless gambling.
How did you adjust risk management to your trading personality?
Every position has a stop loss, but I also have a hidden stop loss based on the reverse direction of my indicator. If that happens, my bot will close the position.
Describe a key moment in your trading career.
Every indicator repaints, so I created an indicator to capture the chart windows every 1 minute. I review past images to adjust my indicator or my strategy.
How long does it take to become a consistent trader, and what aspects did you change that helped you become consistent?
For 3 years, my strategy has been going well, and I discipline myself to trade only when specific conditions are met.
What is your mental/psychological strength, and how did you develop it?
I strive to avoid overconfidence and excessive emotional involvement, aiming to maintain a balanced and neutral emotional state.
What was your strategy to successfully pass The5ers’ evaluation?
My breakout strategy uses my own custom-developed indicator on multiple timeframes.
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