“Everything leading to success is about risk management and trading psychology.”
Clement T., 38 years old, from Hong Kong.
Clement has successfully passed our Extra Buying Power program, and he is now TTP’s funded trader managing a $20K account, or as we call it, he is a true “Stock Star”.
Every time he reaches 5 consecutive winning days, we will boost his buying power and max exposure.
We spoke with Clement about his trading plan, insights, and lessons gained while trading in the markets and our platform as a funded trader.
Clement’s evaluation statistics
Q&A’s With Clement
Tell us a little bit about yourself
My name is Clement. I’m a registered nurse and I like playing basketball.
How long have you been trading?
I’ve been a part-time Trader for 2 years
Briefly describe your trading plan and how it contributes to your success
I’m a short-biased trader and mainly focus on penny stocks with a high risk of dilution. But everything leading to success is about risk management and trading psychology. Stay humble and stay hungry for the market.
Share with us a challenge you faced in your trading career and how you overcame it
There was a huge drawdown sometimes in your career because of the market cycle. I just kept backtesting my strategy and let the statistics strengthen my conviction about the way I traded.
How did you adjust risk management to your trading personality?
I set a max loss with my broker, which is about 2% of my account size. So when it hits, just walk away and enjoy my life with family.
Describe a key moment in your trading career
The key moment was when I realized trading psychology is the most important part of trading when reading the book called “Trading in the Zone”. After that, I focused on risk management instead of making complicated trading strategies.
How long did it take for you to become a consistent trader, and what aspects did you change for that?
I think it took me a year to become a consistent trader. The way I changed was just to focus on risk management and be patient for a good setup instead of doing lots of random trade
What is your mental/psychological strength, and how did you develop it
Never be satisfied with your current situation. Persevere with your goal in order to improve every aspect of your trading.
What was your strategy for successfully passing the evaluation phase?
Keep losing tight and let the winners go. focus only on 1 or 2 best setups in my playbook.
How is trading for Trade The Pool different from trading by yourself?
I really appreciate the tight risk management of TTP.
What would you recommend to someone who is just starting with us?
Share online resources that were/are significant in your trading development. Names and links are appreciated.
Youtube channel (RTF trading)
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