EagleTrader Interview | After three years of trading, how did he rely on to move from anxiety and chaos to stable profits?

More than three years ago, a trader Wang Pan first came into contact with foreign exchange trading. He did not set too many goals, but just took this path simply because of his love.

Now, he has passed the EagleTrader exam and has started to manage his profit-sharing account part-time. Compared to his initial longing for freedom, he cared more about how to become a rational, stable and truly make money for a long time?

The pain of breaching the position made him face his shortcomings

“I have exploded my position, and my mentality is completely out of control, like a gambler.” When talking about past experiences, Wang Pan trader did not shy away. During that period, he frequently increased his position and gambled on the direction of the market. In the end, he had no power to fight back when the market reversed. “After the liquidation, I hated myself, was irritable, and regretted, and asked myself what went wrong.”

This profound blow became an opportunity for him to grow. After the liquidation, he began to review the system, gradually build a trading system that suits him, and used “position control” to restrict himself from gradually returning to rationality. “After all, long-term stable profits rely on a positive system and a good mentality.”

Technical school + experience flow, he has his own judgment system

Wang Pan trader divides his trading decisions into three parts: technical analysis accounts for 65%, intuition and experience account for 30%, and fundamentals account for only 5%. He relies more on the combination of K-lines, structures, and indicators, and then integrates past market experience to make decisions.

Faced with uncertainty, he summarized his core idea in one sentence: “Set a stop loss, trust the system, and leave the rest to the probability.”

In his opinion, the system depends on time to polish it. The strategy he used has not made significant changes in the past two years, but it is not static – “I plan to continue to optimize the profit drawdown in the future.”

He is not perfect, but he strives to get himself closer to discipline

Wang Pan trader admitted that he has a trading plan, but not every transaction is strictly implemented. “The market will change, and I also hope to be able to respond flexibly. However, the premise is that the stop loss must be set well and the losses cannot be lost control.”

He classified the risk he can bear as 100 points, and only 5 points per transaction is used. Controlling positions is his main means to deal with pressure and uncertainty. Even if the market is as expected, he will set up a protection mechanism, “push the stop loss well and keep a calm mind” to prevent emotional fluctuations caused by a sharp pullback in profits.

The exam is a profound “self-examination”

Talking about the EagleTrader exam he participated in this time, Wang Pan trader said: “The biggest gain is to get to know himself further.” Through the systematic data and review, he discovered many details that were not valued in the past, and also made him more confident – calmness, regularity, and risk control are the basic skills that every trader must practice.

He still chose to serve as a part-time account because he knew that true growth was long-term, not a single explosion.

To every trader on the road

At the end of the interview, the trader Wang Pan gave a very sincere suggestion:

“Please keep a calm mind and must do a good job in risk control. Do not be arrogant when winning, and do not be discouraged when losing, and do every brand new transaction. I hope that everyone’s life and transactions will go smoothly, and finally meet at the top and pursue our dreams together.”

This passage is not only his blessing, but also his summary along the way. He was a gambler and now he is a steady executor. Perhaps the road to trading is not perfect, but on this road, we are all working hard to become better selves.

An trading examination platform like EagleTrader is providing such traders with a stage for real simulation, low-risk trial and error, and gradually leading to fund management and profit sharing incentives.

Because we always believe that:

Real good transactions belong not only to the account, but also to those who are willing to temper their rules and grow in the market.