In a trader interview with FundedNext, John shared his journey in the world of trading.
In a trader interview with FundedNext, John shared his journey in the world of trading.
In a trader interview with FundedNext, John Joseph, a 34-year-old police officer from the Philippines, shared his journey in the world of trading. With two to three years of experience under his belt, John began his trading career during the pandemic in 2021, initially diving into the world of Bitcoin before transitioning to gold trading, which he now specializes in.
John emphasizes the importance of humility for traders on both sides of the spectrum. “For those traders who are on the losing side and want to quit, just take some time for yourself and stay away from the charts for a week or two. For those on the winning side, always stay humble; you never know when the market will slap you in the face,” he advises.
Focusing primarily on day trading, John capitalizes on both the Asian and New York market sessions. He utilizes a straightforward strategy that incorporates support and demand zones, along with breakout and retest techniques. “My strategy is simple. I identify support and resistance levels on the daily and 30-minute time frames, using them to inform my trades,” John explained.
Despite facing a current drawdown in his 100K account, John maintains an optimistic outlook. He typically risks 1-2% of his account on trades, with an average risk-reward ratio of 1:2. “I believe my strategy needs refinement to achieve more consistency. I also focus on the London session, which has proven to be the best time for me to trade,” he noted.
John’s experience serves as a reminder to traders everywhere about the importance of patience, continual learning, and humility. He encourages those struggling in their trading journey to take a step back, read some good books, and refresh their approach.
Here is the Full Interview:
Here are some interesting facts about the firm:
Also, use our Discount Code (FOREXPROPREVIEWS) for a 5% Discount or read the Review.