In a recent interview, Funding Pips hosted one of its successful traders, Shane, who shared his journey and strategies for becoming consistently profitable in the trading world. Shane, a trader since 2017, provided valuable insights into his trading approach, emphasizing the importance of patience, risk management, and continuous learning.
During the interview, Shane highlighted his disciplined trading style, focusing on Forex markets and using a swing trading approach. “I’m more of a ‘set it and forget it’s a type of trader,” Shane explained. He emphasized how sticking to one market and a specific strategy helped him shorten his learning curve and ultimately become consistently profitable in the last two to two and a half years.
Funding Pips Trader Shane & His Success in New Interview
One of the key moments in Shane’s trading journey was when he realized the importance of risk management and patience. He shared that early in his career, he faced significant losses, including losing personal accounts due to not using stop losses. However, over time, Shane learned the value of proper risk management and allowed trades to play out based on data-driven strategies.
Shane’s method includes using the 4-hour time frame to look for changes in market structure, combined with patterns like the “three black crows.” He also discussed his approach to risk, emphasizing the importance of sticking to the strategy and accepting losses as part of the process. “It’s all about staying level-headed and treating trading like a business,” Shane advised.
In terms of payouts, Shane shared that he aims for consistency, preferring smaller but regular gains. His recent payouts from Funding Pips include $1.8k and $2.3k, reflecting his steady and disciplined approach.
Shane’s advice to aspiring traders? “Get out of your own way. Be dispassionate about the results, whether winning or losing and stick to a strategy that works for you.”
About the Firm
Here are some interesting facts about the firm:
- Scale-able Daily & Maximum Drawdown
- Maximum Drawdown Scaling
- Maximum Daily Drawdown Scaling
- First Payout on the First Tuesday
- Payout Cycle as Early as Every Tuesday
- On-demand Payouts with Two-step X Evaluation
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