Well done, Rajiv. C. You did a great job this time; the consistent and the patience finally became worthwhile; on his third attempt, Rajiv needed 1 month to reach the target; his profit Factor is 1.58, which is great, and also a great sharp ratio of – 0.20, he now becomes a funded trader for The5ers Fund with start account of 24K, his next goal is to reach 10% of profit And get doubled to 48K, The5ers team proud of you, and we all wish him a great success.

 

Name: Rajiv Choudhary

Age: 49

Country: Australia

 

Please describe your trading journey. How long have you been trading? When do you become consistent? What made the change for you?

  • I have been trading since 2011, and only became consistent, in the last 12 months, The use of good MACD, and Crystal Ball Indicators have made a considerable change for me.

How were you introduced to trading?

  • Vladimir Ribakov was my mentor and the one who introduced me to the forex market.

Describe your trading plan.

  • Use of Crystal Ball and MACD Convergence Divergence.

Tell us about your trading routine.

  • I trade almost daily, starting from the Aussie Session and finishing up in the US. Often, however, I tend to skip the Aussie session.

How do you manage risk in your trading? Do you have a risk management technique you can explain?

  • I manage risk in 3 steps: 1) Money Management, 2) Trade Management, and 3) Overall Mind Management. I use Vladimir Ribakov’s Invalidation/ action zones. Ensure that the lot sizes are small rather than too large, and don’t use more than 2% of the equity balance.

What was your biggest challenge in trading, and how did you overcome this?

  • Waiting for the trade to come to a completion since I am sure of my strategy, sometimes as the price value goes against me before going in my direction, the wait time is longer. I spend this time on my research on various subjects of Interest, including reading books, watching documentaries, and waiting patiently.

 

What was the key moment of your trading career?

  • Getting success with 5%ers is the key moment in my trading career.

In your opinion, what are the most important characteristics of maintaining a steady trading career?

  • Money/ Trade/Mind Management and the capability to wait patiently for a result.

What is the most important trading mental aspect, and how do you apply it in your routine?

  • Patience and calmness. I apply this by NOT starting trading until I am calm and composed. I do this by going to youtube and start watching videos of interest, if I am rapidly changing channels I know, I am not yet ready and need to get some fresh air or go for a 15 min walk, also I check my heart beat on my smartwatch.

What is your strategy to successfully pass the5%ers evaluation account?

  • Primarily, using Indicators like Crystal Ball and MACD Convergence Divergence, if the MA and 2 or more MACD are simultaneously in the same direction along with stochastic, I enter; otherwise, I prefer to take a trade on an hourly chart.

Please share your recommendations for online resources that were significant to your development path. Names and links are appreciated.