The 5%ers exclusive interview with Ellis, who made headlines in the trading world with his journey.
The 5%ers exclusive interview with Ellis, who made headlines in the trading world with his journey.
The 5%ers shared an exclusive interview with one of its traders, Ellis. Ellis has recently made headlines in the trading world with his extraordinary journey to success. After winning third place in the Traders Day Live event in London, Ellis was awarded two accounts, the $5K and the $100K High-stakes account, which he passed, scaled, and withdrew.
Ellis’s journey started in an unconventional way when he embarked on a mission to learn more about finance and wealth three years ago. Reading books like “Rich Dad, Poor Dad” and “Richest Man in Babylon” sparked his interest in making his money work for him. He delved into fundamental analysis and researched various investment avenues, ultimately venturing into trading.
Initially, Ellis explored stock trading, holding positions for extended periods. He gradually transitioned to technical analysis and ventured into CFD trading, initially with limited risk management. Through this period, he experienced ups and downs, learning valuable lessons along the way.
Eventually, Ellis discovered prop firms and started with FTMO about a year ago. His journey involved numerous challenges and experiences, and he faced the challenge of staying consistent in his trading. However, Ellis’s turning point came when he decided to explore the Forex market, focusing on pairs such as GBP/USD, EUR/USD, and USD/JPY.
Notably, Ellis emphasized the importance of technical analysis, support and resistance, and market structure in his trading approach. He adopted a flexible trading schedule, scrutinizing higher timeframes like the daily and four-hour charts to identify setups before fine-tuning entries on the hourly chart.
What sets Ellis apart is his perseverance and the unique aspect of trading alongside two of his close friends from school, creating a supportive trading community. His resilience is evident from successfully passing multiple evaluations and even recovering from significant drawdowns.
Ellis’s remarkable achievement is highlighted by his recent success in passing both the $5K and $100K accounts from the Traders Day Live event. He also impressively withdrew significant profits from his trading endeavors. Looking ahead, Ellis aims to achieve a 10% profit on both his accounts, a goal that will enable him to advance to the next step in his trading journey.
Watch the full interview for more insights:
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