How this Forex Mentor Became A 6 figure Funded Trader
what was going through your mind at this stage because you you start off on the wrong foot here do you do you know exactly what happened or is this just part of the the process part of the edge what so I think this period welcome back to the CTI YouTube channel today we get the pleasure of meeting Alex who's recently passed the CTI evaluation you're going to learn about his story you're going to learn about his struggles a little bit about this strategy we'll even go through his statement to see how he actually done it so if you are interested in one of our funded accounts use the link in the description below for full details and don't forget to smash that like button subscribe to this Channel and most importantly enjoy the video so let's um bringing Alex hey Alex how's it going no I'm all right how are you doing very very well thank you and uh well done for passing the CTR challenge thank you thank you yeah it's definitely not an easy thing to do but you've obviously demonstrated that you have an edge and you know how to follow rules tell us about your yourself where you're from um and how you got into trading yeah sure no problem so um I currently live in the United States so um I got into Trading around 2016 I was really interested in stock trading I didn't really know anything about Forex so that's kind of where I got my first taste in terms of you know going into the financial market and at that time it kind of was a side thing I wasn't really too sure how you know much time I was going to spend into it how serious I was going to get into it but the more I researched it the more interested I got so about a year and a half later I eventually ended up meeting my mentor his name is Ken introduced me to Forex didn't know what Forex was so after spending some time with my mentor learning how to trade I became more and more interested and then fast forward about four to five years later I'm currently a educator for a wonderful mentorship program called Simple trading Solutions and I'm one of the main Educators for not only higher time frame training swing trading which is what my specialty is but I also spent some time I'm researching prop firms funding evaluations helping people develop psychology mindset on how to properly manage you know passing evaluations you know the first or second time and really speaking through experiences that I've gone through failure failures that I've gone through to give them that edge so then that way they can you know get to where they financially want to go so you know trading has always been a way to help pay myself through nursing school because besides trading full-time I'm also a student as well going through nursing full-time so it's been a really nice balance having to you know spend the time that I can dedicate towards trading while also focusing on my studies as well so it's made it so that I really have to be focused and driven on my trading because I don't have that much time to focus on it so that's kind of currently what I'm doing right now managing not only schooling trading but then also helping a wonderful group of people get to the same position that I am currently at and want to get there one day you know first off you you mentioned that you saw education you sought mentorship so I'm sure uh through your Mentor can you learn a lot of his mistakes yes and uh and you didn't you know full I guess victim to some of the mistakes that he made because obviously that's the whole point of a mentorship you're learning through other people's mistakes and failure um and something that we Embrace as Traders is failure we have to embrace we have to it's part of the journey um and like you know you've mentioned that you've gone through a lot of struggles failures and that has led you to become a culture yourself an educator um and myself as a coach and educator for me it's uh it's it's such an honorable opportunity to better myself as well able to help others but I'm also it's also pushes me to be accountable and to constantly improve and not only talk the talk but walk the walk so what kind of um struggles would you say that you've had to overcome in order to be where you are today so one of the things I struggled with was not following a trade plan um that was one of the things that early on I realized that I didn't have I didn't know how to formulate one and then even the most important part being able to follow it with discipline you know no matter how enticing an opportunity might feel because one of the things I learned throughout my journey is um you know I always wanted to trade I just always wanted to be in the market you know whether the market was flowing and moving nice volatility or the just periods of consolidation I struggled early on just always wanting to trade which led to over trading blowing accounts not being profitable looking at the end of the month and wondering you know what am I doing wrong I can win trades but my account isn't growing so what I struggled with is you know structuring my trading you know having a trading plan and having a goal so that's one of the things I learned very important from my mentor Ken was to have a trade plan structure it with the goal so for me personally what I have is I have a monthly goal I know some Traders like to have daily goals weekly goals but for me personally my consistency came when I had a monthly go so for me personally my monthly goal is five percent so that gives me an entire month throughout my entire trading to get five percent as I mentioned earlier at the beginning I'm a swing Trader so for about two years I've been able to consistently get that whole positions and get that and then once I get my goal I stop because one of the things Traders struggle with is they don't know when to stop trading and then what you'll notice is a lot of the times all those amazing profits that we accumulated throughout the month we trade them away and we end up we end up with a loss um so I'd say having a trade plan and having to completely defined goal and following it is what I struggled with and throughout the years of trading worked really really hard to develop it in a way that I could follow it with discipline and because of that I've been successful not only passing the CCI evaluation but passing multiple other evaluations through other crop firms to the point that I've accumulated multiple six figures in total allocation from other prop funds but that never would have been possible without a trade plan um and a strictly fine goal but not only a strictly defined goal but a realistic goal because it's not realistic to shoot for home runs nice low consistent Ace marathon is kind of what I've learned throughout my journey yeah guys that's so many nuggets there if you haven't already smashed that like button you should because Alex has literally laid out the blueprint all success as a Trader so thanks for sharing that Alex and um definitely so you know know that wisdom there is so important it's something that I I try to live by myself as a Trader yeah and then it's that it's that focus on a process and it's quite interesting that you have an actual percentage goal um but if it works for you that's great but most importantly before that goal you have the process you have your trading plan and and the trading plan is is what's going to get you to that goal the goal is just a byproduct yeah exactly execute in that process I mean you don't nobody knows what the future holds nobody really knows exactly what what your performance is going to be like you can't control these outcomes or what the future is but what you can control is following the trading plan that's what you can control and that can only be done in the present moment um so I think that's definitely one of the biggest struggles most Traders face is is that it's actually um planning their trades trading that plan consistently that's that's a massive struggle why do you think so many Traders struggle with that obviously you've you struggled with it why do you think um Traders continue to struggle with with something so simple well I think it's I think it just comes to preparation um one of the things I like to tell you know my group of Traders um amazing group of Traders you know for anyone that's really looking for you know great education I mean not only a CTI phenomenal you know in terms of their education platform and I've personally started to seek more because I want to now graduate from kind of the little nuances that typical retail Traders make and some more of an Institutional professional Trader because that's you know as I go throughout my journey that's what I want to become I want to become more of maybe of a looking at it as a side hobby to more of a profession more as a business so what I've learned is you know lack of preparation you know people don't take the you know Traders just don't take the time to really you know lay out their plan what they're trading why they're trading it take it into account fundamentals why is the market moving the way it is why is certain currencies being priced in um the way they're moving um so one of the things I've done that really gave me success is when the market is closed on you know Friday Saturday Sunday that's when I do my analysis I don't have to worry about the market moving at all it's closed and then I really look for you know key areas to trade in the market I end up spending a lot of time sitting on my hands um not trading but I like to just trade key areas in the market and then that's where I'm ready to execute and then that pretty much allows me to not spend all that time on the chart because that's what I've seen a lot of people struggle with is they're just spending too much time on the charts just trading way too much over trading you know that leads to a lot of struggles but you know through practice and preparation and really laying out why are you trading where you're trading I feel like that will through practice really help Traders get out of that slump that I personally was in for quite a bit yeah yeah that I totally agree with with what you said there because you know not having that process and exactly what your process is where you're you're using the weekends the time when the market is closed to do your deep analysis plan your trades properly you've got the time that there's no you can't impulsively enter a trade no yeah because you can't use the market is closed and so you are forced to think slow and proper and do your due diligence and and do the research like you said you fundamentals is a big part of what you do and so over the weekend you've got that time to do the research um I think that's that's uh that's really interesting because what a lot of Traders tend to do and what they struggle with is that they're just um they're led by them their impulses so you know they say that you're trading your emotions emotions are getting in the way I have my own thoughts of emotion I see them more as signals um and you can weaponize your your emotions and your mind in order to trade more effectively in the zone and in the Flow State but Traders are confusing obviously um I'm being becoming very very impulsive because they don't have that process they don't plan their trades they don't have the time to think slow because there's a time there's a great book in this thinking fast and slow by Daniel kahnemann you have to decide whether is this a decision that I need to think about in a slow way really do much due diligence put the research in look at the pros and cons look at comparables and really find what the highest probability and then there's the Thinking Fast thinking fast is literally when you've done the research you've done the plan you everything's in place it ticks all of all of your entry criteria all you need to do is execute so those listening that you know you need a process that allows that type of execution um and um and it's quite if you don't know these things and if you're not putting the work in where you're not reading material you know self-development books these type of things um if you're not it's a ignorance isn't it yeah ignorant to to the processes and get yourself a mentor I've been very fortunate that because I know a lot of Traders you know they want to find a mentor but it's you know it might be hard to you know locate a mentor you don't know you know who's legitimately gone through the process gone through the motions of you know what every Trader struggles with leading out so I've been very fortunate early on to find my mentor really early on and then it was just a slow process of building up and that's one of the things that I realized not only as myself going through my journey as a Trader but then a lot of new people coming into the industry is they have unrealistic expectations you know we see a lot of people just you know throwing fluff off there the you know lavish lifestyle of a Trader but they don't realize it takes a lot of very hard work that not a lot of people you know you know for whatever reason time from family personal issues just aren't able to put the time commitment needed to be in it so um I got good life lessons taught really early on so because of that I built up on it and then not through my experience I'm pretty much given back to members that I work with and stuff like that so it's a nice way for it to come full circle and also to just kind of help help people not go through the same mistakes I have a little shortcut you've you gave the best advice already which is building a trading plan and following it consistently that has you know that's that's the edge literally so um great great topic great great subject so just if I just bring it up here so you started off in started actually trading in April end of April and uh he had obviously a few wins he lost his very controlled which is great we scroll all the way down to your stats [Music] um we can see here that you kept your drawdown below the the four percent relative drawdown which is great you know that that shows that you you're you're able to to follow good risk management and you still managed to hit that seven percent Target it's very very difficult to do that and the reason why we have that relative drawdown is because that's what professional hedge funds do you know that's yes that's the metric that we that that professional trainers are measured upon uh because it forces you to to to be good with your risk management so what kind of risk management um strategy do you follow what kind of tips can you give uh so for risk management specifically with the CTI evaluation and just in general so for my uh portfolio accounts I typically risk about a quarter of a percentage so 0.25 I may end up even being more conservative because I'm typically conservative just in general that's a big foundation of my trade plan um so either I'd say a quarter of a percentage is my more aggressive when I have a lot of Confluence and um conviction in my trades that would be toward the higher end within a little bit lower would be a 0.125 so half of the quarter or percentage is typically the range that I usually trade in yeah because it allows me you know so much room and flexibility um to take the trades that I need to and by Nature as I mentioned I'm a swing Trader so I'm already looking for good risk to rewards so through you know developing my trade plan that was that nice balance small risk so that I'm nowhere in danger of ever you know getting to the point where my account would be endangered but it still gives me that room you know to scale into my positions get good risks rewards that's kind of the range in terms of what I personally risk and that's what I use throughout the evaluation I see I can see a profit factor is at 1.9 free that's fantastic you've got a really good win ratio of 61 almost 62 percent that's brilliant and um your largest loss was 37 and your larger swing was 85 so it's quite a quite a good win there so let's say your Equity here um what the balance you had a bit of a rough start in the beginning yeah and you know this is where most Traders actually just self-sabotage I mean what what was going through your mind at this stage because you start off on the wrong foot here do you do you know exactly what happened or is this just part of the the process part of the edge what so I think this period I think it was just um I think when I started my evaluation um and then during that specific period just uh the analysis wasn't playing out you know there was a couple of you know fake arts in the market where everything was setting up but then that's one of the things I always like to follow is we can do the best analysis we can do but at the end of the day the Market's the market and it'll move where it wants to move um so it was just just a tough couple of Trades um early on but then as you said that's where a lot of people just self-sabotage they feel that they can't get out of it but for me I just continued to follow the process just continue to analyze as I normally do and then I knew that and I had the confidence that at the end you know I will be on top just have to follow that process and then as you can see then got it into gear and then was really fortunate that the last month we just had amazing movement for Yen pairs so that's where I really capitalized on it doing my fundamental analysis really focusing on Yen Pairs and then that's where the later half of my evaluation a big bulk of my trades came from Yen pairs then that's where I focus specifically trading those pairs in the not only managed to get out of the relative drawdown but then eventually hit the profit Target fantastic yeah I can see that the yeah the Yen did very very well for me yes it did yes it did that's the thing though you you wouldn't have been able to catch those trades if you weren't consistent with exactly rates yeah and continuing the process despite your forecasts not playing out yep you continue to be consistent and I can see you kept your losses small so like you said you were risking a quarter of a percent some of these were less than that um but eventually it's it's that famous thought quote where um where preparation meets opportunity you know that's the definition of luck um but you were prepared when the opportunity came uh and you know you see here you had a really really good um period of good yeah it was quite good it's quite good very a very nice win there and then you sort of maintained it and then you went up a little bit more so um kept that risk uh to you know get that risk very well get that risk management um really consistent which is great and then obviously here we are today you've um you've kept the risk uh the relative drawdown below four percent you've hit your 30 active trading days you've hit the seven percent Target uh so you've proven to us that you know you're ready for becoming a portfolio manager all right yeah so now literally you know when you reach the stage we want to open doors for you we want you to be the best version of yourself uh now it's a it's a it's a matter of rinsing and repeating what you've just done but now scaling it yes right so um you know and and we're here if you've got any concerns any questions you can always reach out to us you can always reach out to me um you've got your Mentor obviously of course um but like you said earlier we take a bit a little bit more of um uh professional sort of trading yes uh type of guidance because we we're professional Traders ourselves um and and I mean what what an amazing opportunity it's like these are like the golden years for retail Traders yeah it is where where we've got the opportunity to manage literally a fortune seven over seven figures in capital um from the comfort of of anywhere with an internet connection as long as you can prove that you can follow an edge as long as you can be consistent with as long as you're willing to make those sacrifices like that we discussed earlier and and and focus on that process so and you're you're literally you're you're you you talk to talk and you walk the walk you've proven yourself not only to to ask but to yourself which is most important to me and you really truly need to believe that you um that you can do this and so um I'm definitely looking forward to hearing more about your success um um and also I want to ask you um if you if if you could go back in time and perhaps talk to yourself uh you know what advice would you give yourself as a new Trader or somebody that wants to succeed in this I would say you know don't rush the process um because one of the things I did is I tried to learn too much too fast and then I didn't stick to a specific thing like a specific strategy because one of the things that I realized starting off is I wasn't committed to one thing I'd spend a couple of weeks trying one thing and then have unreal unrealistic expectations that I would find consistency through that and then I was quick to give up then I would go to the next thing and the next thing and then before you know it I'm just picking each and every little thing trying to combine them all wasn't really finding that success that I was looking for so I'd say if I could go back in time I would tell myself to just focus on a single thing commit time to that specific strategy become a master of that strategy because that's where really the consistency comes and then it wasn't and so I decided to focus specifically on swing trading higher time frame trading from um from the weekly daily four hour that I saw my consistency and then I spent all my time perfecting that edge on large-scale time frame trading and then that's when my success skyrocketed because I wasn't splitting my time trying different strategies here and there I found what worked for me and then I became a master of that strategy and then now I implemented throughout all my trading so I would say to not not only to myself but any new Trader to have realistic expectations and to not rush the process it will take time for some it might take longer than other others for some it might be shorter but it's definitely a time commitment that a lot of people are not ready for and so they go through the process so just realize it's going to be a long journey but it's a very rewarding journey and all the time that I spent I wouldn't trade any of the time that I've invested because it's not only gotten me to the point of my trading that I'm very confident but it's also developed other aspects of my life and I wouldn't I wouldn't give up the journey that I've gone through for anything get get that amazing wisdom and advice Alex well done again congratulations I wish you all the best in your trading Journey what an amazing interview with Alex he demonstrates exactly the type of Trader that we're looking for Traders that focus on their process that have the right goals in mind are pushing themselves to better themselves every single day most importantly they're not to follow their rules and they know how to follow risk management so Alex watch this space because he's gonna absolutely smash it as a Trader especially a portfolio manager for CTI so if you're interested in any of our funded programs then go ahead and use the link in the description below and before you go smash that like button subscribe to this Channel and make sure that you share this video with other traders who really need to hear this advice and this wisdom from Alex alright guys thanks for watching and I'll see you guys on the next video foreign [Music]
2022-11-11 13:31
