all right hi traders it's my pleasure towelcome Nikita another of our funded trader hi Nikita welcome hi power I niceto meet you guys Nikita is off on the trader is fromGermany currently in Austria working from there so Nikita if you couldbriefly just introduce yourself tell our audience who you are and how long do youtry yeah I'm actually hi I'm Nikita I'm right now I'm in Austria doing apart-time trading and yeah my main job is yeah during the winter season I'm abartender and a yoga teacher and yeah I'm trading since I don't know like myfirst trading experience started maybe like five five years ago but nothingserious like I started with with a small account and blow it up and then yeah Ijust and then started to tweaking and then start it again and then I'll blowit up again and then like and then you know it's like for a few months itstarted start like too quick and getting better yeah so you are now our fundedtraders so how long it took you to get there and how was the overall experienceyeah as you know yeah as I started out or maybe I blew a few challenges I don'tknow like four four maybe I'm not I'm not sure like four challenges and thenand then like the last last two or three challenges like I changed my syringe abit and then not over every drink at that count and then changed my mindset abit and then everything worked out fine and yeah I think I do it's a fun traitorI see all right you've had a couple of changes as you said that that youunfortunately failed and then you've had your first funded account right whichalso you were trading on it but it didn't goeven your your life example here of a trader who had a funded accountunfortunately you went overboard with I believe it was a maximum daily office ormaximum loss yeah the thing was like yes was like max daily lossI took my I forgot like took my night roll over into the next day and the inthe loss to cap and that's all then it moved like yeah the max day loss I seeyeah that happens you know sometimes sometimes you just violate the rules andyou know you get a you have to stand back on your feet and try again so whatis it that kept you motivating you know and how come you never gave upI mean like I yeah my opinion is like mindset is like key and trading so ifyou fail as this is like not not a big problem so as long as you're not notquitting you're like still succeeding so you're like and this feedback loop andyou're you're learning things and try to tweak your strategy and are gettingbetter and better so this is like my mindset behind it sosometimes it's like really bothered me because like I blew up account so a fewdays I like had to sing about the my mistakes what I made but I saw like yeahokay let's do it let's give it another try we viewed my mistakes and then yeahand then started all over again after you after you fail your accounthave you taken some time off to reflect on your trading or did you go and tryagain immediately yeah maybe like the first challenges like start like againand do and did the same mistake again over leveraging so there's like a badidea it's a common problem actually quite a few traders actually happened todo these you know I think it's like a protest you need to go through thisprotest and then feel like this little pain inside if you're like go up youraccountants like because we are like a human and we react to pleasure and painso we like yeah I learned a lot of through pain sothis was like my motivation so like I thought like next time not want to do itagain so yeah you've done good you know obviously motivation you know psychologyand human emotion is a big aspect for traders right so that that is animportant issue that has to be you know taken into consideration every time youtry it right okay Nikki that was so where have you learned to try it haveyou had any mentor or did you learn at their own I mean I start like startedall these basics so indicators and stuff and tried this out and this odd and thenstar started to sort sorting it out but everything yeah what I learned I waslike self-knowledge and experimenting andyeah like try to get some free stuff on the web and yeah that's all I learned itso and then I think the most the most important thing in trading is like totrade there you learn the most like starting maybe like start with a smallaccount and then you like getting the feedback and then you can like meet likea few minutes and go to rate rate rate and then if you mess something up anamazing like how come did I mess things up how come that's not working becausethe market is giving a feedback every time and then you come back and thentweak again and then we'd like don't read too much so there's like so muchstuff to read so with like a bit try to implement it and then just rate and rateand rate this is like I see so basically you learn from your own experience rightyeah yeah I see very nice and how long do you trade already I mean like serioustrading where where I put it like on my mind to get good at it so like sincemaybe like one year and a half and and before was like on and off on and offlike having account and some money and then likemaybe stop trading because like it's not going wellyeah like could be the common problem so and then you're like a few months arepassing by and then you like sinking yeah okay I should start again soon Isee well one and a half year it's not much to be honest with you know we havea lot of traders who keep on trying and a couple of years for you if it's oneand a half year are you doing very good you know you are off on the traderalready it's a perfect progress yeah I think like what are you already said waslike the mindset exams it like the strategy so you can always like inventor you like get getting new strategies but the mindset like if you were failingand losing how do you what do you do with these feelings emotions then yeahabsolutely all right well I believe you were a technical trader right yeah kindof I'm watching all of the other price actionmm-hm and but nowadays seems yes what is your trading system or just if you couldbriefly describe your trading strategy my trading strategy is like trading thesentiment so when before I start trading I go like go some some web sites checkthem out try to get a feeling how is the risk is the risk on or off like this islike the most important thing for me is like getting a feeling like it's a riskon then you can trade like selling selling gold or selling again orwhatever then it's a risk we're often I look like for trades for for the for thegold or like saved hi Vanessa stuff yeah this is like this is like my strategyand then then I take a look alike at the bigger time friends like an hour ordaily timeframe and then I start doing in like five minutes and one minute so Iactually watch watch a lot of like the five minutes and one minute chart solike there is like for me is like the mostinformation then because you can see like all the other stuff going on theprice levels where it's the action happening yeah this is like briefly mymy strategy but sir risk on risk of sentiment so you also incorporatefundamentals right do you do yeah observe if you use releases as well yeahkind of sometimes when I'm like in the movie of yeah news releasesyou mean like economy stuff like GDP CPI yeah of course because this because youneed like to get a feeling what are the big guys doing like the banksinstitutions because they are moving the market and then you need to get afeeling how's everything that's going like yeah what what are they thinkingand where they want to move the market absolutely yeah yeah okay sounds greatsounds great perfect okay let's now have a look econometrics edge traders can getthe overview of how you trade actually yeah you've done we have hidden yourlogin number here for the privacy and confidential purposes so this is yourtraining account you're funded account you are training 160 thousand eurosright and then is you know because you have combined two accounts you actuallypassed to funded accounts each with 80, 000 euros yeah which for us you knowit's an equivalent of hundred thousand dollars so what we do even we can do itto all founder traders is that we combine more from their accountstogether so that you will have one master account just like this one yeahright that's how I did it exactly and yourprogress is perfect you know over here looking at your balance curve very niceindeed the progresses yeah deep sometimes it's messy because sometimesmight draw it on it's like little bit bigger because I don't know like thenews coming out like the China China US trade deal then yeahlike messing with citrate but in the long run it's like yeah that's goinggood exactly that happens sometimes you know sometimes the market conditions areabsolutely different and what we want them to be but that's just the nature oftrading I would say yeah it's like the last days I'm trading through mystrategies like for the last days but not working as usual so becausesometimes I'm training pool backs and in GDP Aussie dollar yeah the last daysit's not making like the big pool backs like oh it makes only like runs in themoney and then stops me out so yeah domestic is so much buyers into GDP yeahabsolutely alright looking at your econometrics Isee your current profit is 28, 000 euros and your profit split is on the seventhof December which is today after two days yeah right so from this amountyou're gonna get 70% so it will be some over 20, 000 euros for you as a profitsplit that's a pretty much nice gift for Christmas isn't it yeah all right andthat's a perfect progress you know you deserve this obviously and you knowwe'll be getting our 30% on this so that's a win-win situation as we alwayssay all right now if I just have a look at your account statistics I see youknow your risk to reward ratio is below one so that is a bit worse but obviouslythat is compensated will win right which is above average that is 65 point 82%yeah I think like you need when you create you need yeah you could tradelike high winrate but the risk reward ratio is like more down or you do likethe vini raters like I don't know 40% but you need like better better higherrisk word ratio yes exactly and this is combined rightso you put these two statistics one has to be more wants to be less than thanyou gotta get progress and the results will be you know like this so also whenyou trade you know 160, 000 euros is it better for you and then combiningyou know two different accounts and maybe trainingthem separately yeah because I need to switch back and forth I wish I wouldtrade like both accounts I would do the same strategy so I need like to click sothis is just more convenient for you have one more account with a big depositright right now looking at your details in your account matrix I can see youknow you were most profitable on trading gold and and GBP Ozzy and looking atsome of the losing trades you know those were British Pound with Japanese yen andin the cable pound dollar have you thought of you know when you see thatyou were not successful much on these two currency pairs on a GJ and Geo haveyou thought of removing them from your trading plan or maybe you know just holdonto them yeah the gbp/usd is yeah kind of I like to trade like everything likewithout without the dollar so and with more volatility so the market is likewhen they they doing a move like 40 or 50 pips so they cost my stop is likesometimes like 20 30 tips but when I do like some kind of reversal strategy andthen I'm when I'm trading the gold or GBP Aussie dollar this this thing couldmove like in an hour like 50 pips and and my personality is the otherimportant thing I think is figure out your personality because I'm like notthat patient so I can I can see to a in front of the chart and watch theone-hour chart so that's why I watch the five-minute chart then do like a quicktrade and then close it I see so how long do you usually hold the positionapproximately yeah it depends actually trade the London session every time frommaybe from 9:00 to 1:00 then when I have maybe a day offor more time I try to trade us session but most of the time if I sometimesyou're lucky like you're getting in and their prices like moving your way andyou like take the profit and it's done but sometimes it's like if the price islike training mobile training and you think okay the trend is going well andgoing up or down down down and then I try to stick it would be longer to tradeso you you can squeeze out more money so I see it depends like like how is theTrain eloping or are there like three trade news like the china-us stuff soyeah then I take just rate and take the profits and then just work for anotheropportunity I see and you know looking at those details here on your accountmetrics I see the most profit you've made on trading gold and pound Ozzy nowis there any particular reason that you know these two instruments gave you themost profit do you focus on the most of the time or is it just pure luck nomaybe sometimes it's like what you know the gold the gold what I say like therisk of risk on saying when I have like good healing for that I trade gold andthen the GDP Aussie is for there is like more technical stuff because I think theGBP Rose is reacting like really nice to this round numbers 50 75 all right hewas 0 and then for for this instrument I'm using the average true range thenI'm just looking at if I mean like this the average to range like the GBP allthese having every shoe range of 150 and then it's already moved up to I don'tknow 160 there is like some some resistance or support then I'm justlooking for for entry there this works very nicethat's a beautiful piece of advice you know knowing that for example thiscurrency pair is reacting for the wall numbers and also you know having the ATRfor the motor range you know two hours I have like an ITR for one day so I'mlooking like how much it does it moved and then five days and 21 and then I'mmoving like okay it's Rico's or above the 5 for 21 days and then you can startlooking for signals for the entry I see yeah they're interesting indeed alrightlooking at your trading objectives here you know the biggest problem for a lotof traders is the maximum daily loss right in your case it is eight thousanddollars or eight thousand euros because your account is doubled so how do youactually observe trading objectives for example these these rules for maximumdaily loss and a maximum loss do you do that manually in your trading platformor do you some kind of software yeah I'm actually doing manually so I'm justwatching the for today like how okay I was like mm and then getting close to5, 000 and then and the thing how feel like maybe I'm yeah this is the wholemindset thing sometimes yeah you when you're really close to your daily lossso yeah I'm just watching it and then a five you know a nice tray time becauseyou can see like sometimes it's got maxed out like very close like 7, 500like I'm it's a few times and then yeah but it's actually really good to havethis training objectives right exactly you know because I see your value hereis seven thousand seven hundred sixty-seven which you've got actuallypretty close to the limit that we allow you to take but still you you you knowyou end up being safe close the positions well ahead of time or thosepositions they're not profitable in the end so it's like best if you wouldn'thave the trading objective maybe you would probably blow up their counselexactly but if they're not very good to you you knowyou're respecting the rules trading objectives are you know all within theboundaries very safe profit target you know there is no profit target I meanthe profit is beautiful so that's it you know when you open the position or whenyou're about to open a trade you know how do you define the volume the lotsizing do you use say static money management every time you know openingthe same volume or do you choose a percentage of the available balance orhow do you approach this for me is like the I have like the sweet spot so if youlike this is like if you for meals like thisthe lot size is too small I'm like maybe messing around too much but it's liketoo much you're like afraid and then the trade is moving around if the trade islike moving around and then you have to yeah then you you can think you can'tseem clear so from use like this sweet spot where you see like the money islike it looks good to you a new thing like okay this is going good but most ofthe time I'm used like 30 pips and yeah and for for the trading attempts I I dolike 1.
5 percent maybe person sometimes yeah but yeah this is like how I createbut I think the poor important thing that I think it's like this for me forme this sweet spot like the load size not too small not too big like in in themiddle like that that your emotions that you can see clear the chart and thenyeah if you like if your lot sizes too big you like start wishing we just movethem away or go I don't know all right exactly and it has an impact on yourpsychology and the oceans as well I mean yeah I always try to keep the emotionslike in the balance so like no but – not too much not too less so like like weburn so then you can see the chart and then youdon't get out of trades too early yeah so I I see from your trading journalthat you also trade the Ducks Gemini and besides Forex you know this is the onlyindex that you focus on is it because you're from Germany and this is a Germanstock index is your favorite instrument or why only ducks yeah I I tried Ithought maybe you implement a third instrument so because the Ducks is stillvolatile so good for me I like this kind of thing with the Vinny when it's movingyeah but still figuring out how how to get a good strategy for a duck becausesometimes it's like moving fast yeah exactly when it when you get themomentum it keeps going right it's a very volatile yeah still experimentingso I would love to trade ducks so because it's really good for for theearly session for an opening yeah yeah there is convenient for your time zoneobviously okay let's switch back to Skype all right so that was it with themetrics now if you could tell me okay how about a losing streaks Nikita how doyou deal with them you know have you had a losing streak which was too long orhow was the longest losing streak and how did you deal with thatyeah the longest losing streak was maybe the in the beginning of that count asyou could see I could cut like I don't know like ten thousand – yeah and thenbut yeah I always try to come every day like new so reset the whole the wholeday and then just come back and then start new because you have like thewhole day the next day we have new opportunities so not to bring the thepast like the past is so important to learn but if you like the next day sothis is the next day so you just focus on this thing so really a piece ofadvice you don't allow your previous situation to affect your future tradesright yeah yeah and then I tried to focus long-term so I see this reallyhelped me a lot so if you maybe wanna want to get founded for for the $100, 000account so I how much is it ten thousand yeah so you could split the ten thousandlike twenty days so this is like five hundred each day so you can you have thewrist is much smaller and you like to relaxyou couldn't maybe one day you make two thousand and then you can go make nextdays like more legs into this one source just split it this amount up and thenyou have like the feeling and the the emotions are like much much more relaxedabsolutely and you know we have our psychologists on hand so you know youare our Fonda traders so hair sessions are free for you so in case you willever need you know you can just get in touch with us and she will be therehelping you on the way because we want to support you we wantto support all our funded traders right so we have a certifiedpsychologist on hand so her name is Nicola so you can go to our FDA Macombgo to trading performance psychology and you know you can just go and book yoursessions with hair that is definitely helpful or founded Chinese right Nicolayou already said it sorry Nikita you already said it thatyou didn't have any mentor or training guru because you were learning from yourown experience right but how about now in this stage of yours of your trainingdo you follow anybody or do you do observe or watch for some Sun trainingguru or is there anybody you follow on the social media maybe actually not muchto what I am for is like most of the time only some some news economic stuffand then I think like the mentor is a good thing but I still know not they notfind a mentor I would think like just like the mentor for me yeah if I am I'mdefinitely open for Mentor or find one so what suits for my for my style solike anything so is there anybody who inspires you or have you met any traderbefore who was like a kick started to you and you know when you told youyourself okay I got to be like him this is such an inspiration to me haveyou met anybody like that yes no actually no about sometimes I hesometimes I followed the person named called the guy the guy's name is theheel heel cred from the side right yeah yeah it issometimes I'm following him like his podcasts yes and they are like a lot oftraders like you and me so yeah it's like a nice nice inspiration so veryvery helpful indeed yeah and those interviews are brilliant I keep on thisthe air I like for like for people like me likewhat trading everyday you did the same cycle to learn a stuff then no asuccessful yeah all right okay so Nikita when you are now our funded trader doyou treat your funded account differently compared to the challengeand verification you know considering that now the trading objectives areeasier for you right because you don't have any profit to chase so the peace ofmind should be there for you or do you trade differently or from that accountnow compared to the challenge and verification no I think actually no Ithink the trading style is the I think the same but in there the challenge youhave this you know like twenty days to reach the target that's like I thinkit's like it's really a challenge so yeahthen you have to be education there's like much you have like half of the ofthe target and more days to reach there you can go like slower but I think Istill treating the account like the same as the challenge so I see yeah see sinceyou've mentioned you know that there's a difficulty only now getting into thesetraining days you know that just brings me to the idea that we currently have apromotion in December for all traders will be getting you know ten extra daysto the duration of the challenge and verification so if traders will starttrading until twenty yet you know we do that to cover up for the Christmas breakso you know the duration in a challenge will not be thirty days but it will beforty days so that's very easy these days now you know when you start tradingin December you know having 40 days for you as the advantage you have amazingthat's pretty good isn't it perfect alright Nikita on the last note do youhave any secret recipe or any advice for traders to pass the challenge andverification or what would you recommend to these traders who are in the Editstage yeah my recommendation is always think long termbecause you can so that you don't over leveraged your account like I thinkhelped me a lot and then them work on the mindset so I mean to earn money inthe market is like and I mean no not easy but much more easiest as to keepthe money so then the hardest part is like how do you deal with mister losingso work on this one and yeah always try to implement the feedback like and youcreate it and then review the stuff and then see what went wrong like and whatand figure out your your strengths in the personality what what training stylefits you so this is what would be my advice to all the future traders sothat's a winning combination taking all this into account and most importantlynever give up I never get up no exactly you're the example of that you failcouple of challenges even with a funded account but you made it throughyou know perseverance and determination to get to where you are now so that isbeautiful congratulations Nikita and I thank you so much for you know takingyour time and appreciate it for being here on this interview I hope and Ibelieve it will help a lot of traders to inspire them to get on board you knowstart a challenge start it over and try again and you know get to get funded youknow it's not a big deal it's challenging but it's definitely worth ityeah of course for sure yeah thank you for having me heregood luck to all the traders yeah alright well give up thank you thank youso much Nikki I appreciate it have a good evening see you.
