I’ve Been Getting Paid From The5ers Every 2 Weeks Since Last Year

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

Click here for more Inspirations lessons and interviews from our professionally funded traders.

Watch The Interview With Denislav

Denislav $80K  Account

• Tell us a little bit about you.
  Hey everyone, I am just a guy in his 30s who spends a bit too much time in front of his computer, usually playing video games or, as of lately – staring at charts. I am married, have 2 little ones – a 4-year-old girl and a 2-year-old boy, and I am a financial adviser in the US. I specialize in personal financial planning and wealth management.

• How long have you been trading?
  I have been trading on and off for about 4 years. I first started learning about various financial instruments when I was preparing for the financial adviser exams (series 7 and series 66 here in the US). The more I learned about finance, the more I wanted to learn, and before you knew it, I was looking into various day trading tips and tools, prop trading firms, and platforms. I couldn’t get enough of it all….still can’t!

• Briefly describe your Trading Plan and how it contributes to your success.
  I trade quite a few things on a few platforms. The method I have been working hard on the 5ers platform lands somewhere in the middle of a swing trading and position trading style. I hold trades anywhere from several hours to several days, depending on what the next move or wave in the market appears to be, and I incorporate market structures, moving averages,s and divergence to guide me when looking for entries. Over time and while trying to perfect my method of trading, it has taught me patience, and I have become more selective in how I approach the market and when to look for entries. The more patient I become, the more success I see – go figure, right!?

• Please share with us a challenge you faced in your trading career and how you overcame it.
  From the moment I googled day trading, I thought I would be rich by the end of the week! The biggest challenge I face to this day is to try to keep a level head and not be greedy, both when considering entries or exiting a trade.

• How did you adjust risk management to your trading personality?
  I failed quite a few challenges and burned through various accounts throughout the years (mostly demo accounts, thankfully, but not only), and my biggest frustration is when I hit my limit or that notorious 4% loss limit as per the 5ers trading rules, just to see the market turn around and my trades manifest right after. So I have been adapting and trying to manage my position size according to the capital I am awarded and learning to scale into a position and add/reduce it accordingly to control my overall exposure.

• Describe a key moment in your trading career.
  That first time when I received a check for trading someone else’s money. There is no feeling like it, and it is the moment when you realize – I can actually do this!

• How long does it take to become a consistent trader, and what aspects did you change that helped you become consistent?
  I have been dabbling for about 4 years now, but I really started putting a lot of effort into it about 2 years ago. Covid eliminated commuting for me and freed up a lot of my time. Also, around the same time my son was born so I took a couple of months off for parental leave, so I had the opportunity to really focus on trading.

• What is your mental/psychological strength, and how did you develop it?
  I have always been a determined person who loves a challenge. I never give up, and the harder it is, the more I want it. That said, to this day, I love trading and investing in general. I never tire of looking at charts or talking to other people/traders about it. So I would say I am fortunate that I have found a calling that I pour countless hours into and never get tired of.

• What was your strategy to successfully pass The5ers’ First Level?
  The trick is to pace yourself. When I first started trying to pass the 5ers challenge, I felt like I needed to do it in a week, and the added pressure didn’t help.

• How is trading for the5ers different from trading by yourself?
  The growth opportunity that we have access to through the 5ers is not something anyone can do on their own. I still put the occasional trade in my own account, but it is nothing like what we can do through the 5ers growth plan. Doubling your capital every time to make a 10% profit – this is unheard of, and since the moment I embraced the 5ers, I only trade on other platforms in order to access other trading instruments, such as options, futures, etc.

• What would you recommend to someone who is just starting with us?
  Start small, take your time, and use all the resources that we have access to through the 5er’s amazing community – the discord, the ideas exchanges, the seminars. It is everything a person needs to develop as a trader, and we just need to give it time and practice.

• Share online resources that were/are significant in your trading development.
  We Trade Waves! –  This is by far the best forex resource I have encountered. They have their own trading system, a forecast service, and even a free weekly forecast on youtube.
  The 5ers seminars and trading rooms have been the next best thing, as well as the few courses you guys posted on supply and demand trading.
  
  
• Would you like to share anything else with us?
  I have traded and tried to get funded with quite a few different prop trading firms, and it is my firm belief that most of them make money off the people they are supposed to support but are not really interested in the trader’s success. It wasn’t until I joined the 5ers that I realized what a true partnership in this business looks like -> no fees, no BS, we either make money together or none at all. Thank you for extending this amazing opportunity to us all!
  

If you want to receive an invitation to our live webinars, trading ideas, trading strategy, and high-quality forex articles, sign up for our Newsletter.

 Click here to check our funding programs.

Follow us: YouTube  Linkedin  Instagram   Twitter   TradingView

The post I’ve Been Getting Paid From The5ers Every 2 Weeks Since Last Year appeared first on The5%ers | Funding Traders & Growth Program.