In a recent interview with prop trading firm The5ers, Emre O., a 40-year-old trader from Turkey, revealed the key elements of his trading plan
In a recent interview with prop trading firm The5ers, Emre O., a 40-year-old trader from Turkey, revealed the key elements of his trading plan
Here are the Highlights of the article “Trader Emre Shares Insights on Achieving Consistency with The5ers”:
In a recent interview with prop trading firm The5ers, Emre O., a 40-year-old trader from Turkey, revealed the key elements of his trading plan that contributed to his success as a $175K High-stakes funded trader. Having been paid nine times, totaling $38,241, Emre’s next goal is to achieve a 10% profit to scale his High-Stakes account to $200K.
Emre’s trading plan revolves around trading exclusively on the EURUSD pair. He emphasizes a systematic approach, combining technical analysis, risk management, and disciplined execution. His strategy involves identifying high-probability trade setups based on various factors such as time frames, sessions, market structure, and breakouts.
Emre shared a challenging experience when an earthquake disaster affected him psychologically during his early trading days with another prop company. To overcome emotional hurdles, he implemented a trade diary system. By analyzing his win rates according to entry models, timeframes, and sessions, he refined his approach. He also established a structured routine, avoiding trading on Mondays and evenings and treating trading as a full-time job with set office hours.
Understanding the human propensity for mistakes, Emre adjusts his risk management accordingly. After a losing trade, he takes a break to clear his mind. He typically risks 0.5-1% of his capital, with the possibility of going up to 2% for longer-term setups on higher timeframes like 4-hour or daily charts.
Emre highlighted a pivotal moment in his trading career when he lost three 100K live accounts due to legal issues with another company. This setback motivated him to succeed, and his first live account with The5ersbecame a turning point. He still vividly remembers his first payout as a significant milestone.
While it took 1.5-2 years for Emre to grasp technical aspects, achieving consistency was the most challenging phase of his career. He acknowledges that he is continually learning from his mistakes and becoming more consistent day by day.
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