The5ers Trader Michael Interview: $275K Funded Trader!

In a recent interview with Michael, a trader affiliated with The5ers, shared insights regarding navigating the highs and lows of trading and the importance of discipline in adhering to a trading plan.

Michael is one of The5ers’ funded traders. He has two High-Stakes funded accounts: $125K and $150K. He was paid three times for a total of $27,128. His next mission is to reach 10% to scale his High-Stakes accounts to $150K and $175K.

Michael, who has an extensive background in equities trading dating back to 2006, emphasized the inevitability of experiencing losses in trading. He stressed the significance of minimizing these setbacks and maximizing gains, particularly in the prop trading industry, where large drawdowns can lead to termination.

The5ers Trader Michael Interview: $275K Funded Trader!

Reflecting on his own journey, Michael candidly discussed the challenges he faced during periods of drawdown. He highlighted the pivotal role of self-analysis and the necessity of identifying flaws in trading strategies. “When we exit the trades, we always know what we did wrong,” Michael remarked. “But when the trade is actually occurring at the moment, we just lose ourselves.”

To mitigate these challenges, Michael showed the value of having a written trading plan and a checklist to ensure adherence to predetermined criteria. This disciplined approach, he explained, provides a framework for decision-making even in turbulent market conditions.

Despite setbacks, Michael emphasized the importance of resilience and continuous learning. “The key is to keep losses small and learn from them,” he advised, emphasizing the need to adapt and refine strategies based on past experiences.

Here is the Full Interview:

About the Firm

Here are some interesting facts about the firm:

• No Maximum Trading Period
• Scaling Plan
• First Payout After 14 Calendar Days with Bootcamp & High Stakes
• Bi-weekly Payouts
• Profit Share of 80% up to 100%
• Monthly Salary with High Stakes (Scaling Levels of $350,000 & Higher)

Also, use our Discount Link for a 10% Discount or read the Review.