Interview With Anna – A $1.2 Million Funded Trader With The5ers

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

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Anna $320,000 Account

Anna $640,000 Account

• Tell us a little bit about you.
  Originally from Latvia, but I have been living in Scotland for over 10 years. The first and most important thing in life is my four children. I started to trade because it would give me time to spend with my family. I am a very straightforward person and like simplicity.
• How long have you been trading?
  Full-time since October 2019 but been studying forex on and off since 2013.

• Briefly describe your Trading Plan and how it contributes to your success.
  ”Stupid simple” that’s how I call my trading plan. Having simple and easy to understand rules is the factor that contributes to my success.4h zones (support/resistance) with taking entries on 15m or 5m time frame using candle patterns.Clear risk management. Start small and increase as I go:
  First trade with 0.10 – 0.25% until I build a 2% profit cushion.0.25 – 0.50% risk until I build a 4% profit cushion.0.50 – 0.75% risk when enough (+4%) profit has been made.

• Please share with us a challenge you faced in your trading career and how you overcame it.
  I am a very emotional human being. All emotions were challenging me. Greed, fears, excitement…Book: ”Mental Game of Trading” by Jarred Tendler helped me to realise what emotions are affecting my trading. I was able to control and separate emotions from decision-making. I overcame my emotions with time.Still, to this day, I need to put a lot of effort into staying in control, but I am definitely better than I was years ago.No more crying at the desktop!

• How did you adjust risk management to your trading personality?
  I used to think that 1% was the way to go, but after many errors, I realized it’s not the way. For me personally, 1% is a lot. I find that starting small and increasing as I go works the best for me.

• Describe a key moment in your trading career.
  I decided to go full-time and deposited a serious amount of money in my trading account. That was the moment I committed to taking my trading as a business and not a gambling opportunity.

• How long does it take to become a consistent trader, and what aspects did you change that helped you become consistent?
  I am a slow learner. It took me over 5 years to get close to consistency. I tried so many trading approaches, and nothing would work until I fully committed and said: ”Enough is enough, I can, and I will figure this out!”First thing, I started to focus on my mindset and read a lit of educational books. I stopped strategy jumping and decided to backtest my own strategy rules.

• What is your mental/psychological strength, and how did you develop it?
  Focusing on money is what fails most traders. Once I started to focus on my process and not on how much profit I had made, I saw a drastic change. I kept very detailed journals and looking back, I see the turning point was for me to stop worrying about how much money I make but stay focused on reaching consistent results. It was very challenging to switch off the money. What helped was not to set any targets in a certain amount, for example, making 10% profit. Instead, I set a goal of staying consistent with my strategy and focusing on the process even if I don’t make any money.

• What was your strategy to successfully pass The5ers’ First Level?
  Keeping watchlist small. GJ, GU, and EU. Trade from 4h zones and execute with clear confirmation. Stick to risk management and keep emotions in control. Keeping it simple without over-complicating things.

• How is trading for the5ers different from trading by yourself?
  Trading with the5ers gives the opportunity to trade bigger funds with that comes the responsibility to manage funds properly. Trading with certain rules helps to stay in control when it comes to risk management.

• What would you recommend to someone who is just starting with us?
  Take your time! Keep your risk small, and don’t chase the market. Set your ”why” and keep it in front of you.

• Share online resources that were/are significant in your trading development.
  It was a long time ago when I started to look into trading. It was actually in person class hosted in Latvia. Through the years, I have purchased many courses and followed many forex mentors. The one who has helped me a lot in my trading journey is Aly (IG @forexwithaly). She has many years of experience and has dedicated a lot of her time to educate traders. The knowledge she has shared with me has definitely contributed to my trading success.

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