Live to trade another day

“Don’t be afraid of making mistakes. Only by playing the game can you learn the game. Fail fast and quick so you can learn from those mistakes early on.”

What is your trading routine?
I trade solely from the higher timeframes. My routine is checking the charts at set intervals throughout the day for possible trade entries.

Other than that, most of my work is done over the weekends when I journal my trades and back-test my strategy.

What are your goals with funded trading?
My goal with funded trading is to use the funded earnings to build a strong base for my personal trading account and diversify into other investments.

Do you have a trading plan in place, and do you strictly follow it? Please elaborate
Yes, I do. I am a very disciplined person so I do a very good job at following rules that I set for myself. I need to set a detailed set of rules in my trading plan so that I can follow them without letting my emotions cloud my judgement.

What was the most challenging obstacle in your trading journey?
The most challenging aspect was to find a profitable strategy that resonates best with me as a person.

I have wasted countless hours back-testing when a strategy turns out not to be profitable for. Even when it was a profitable strategy for someone else, it may not always be profitable for you. That was the difficult part I had to overcome in my trading journey.

So, I would say my biggest challenge was creating a profitable trading strategy that is timeless in the markets.

What did you find easier, the FUNDING FRONTIER Challenge or the Verification phase? Share your thoughts:
The verification phase because the target is lower. However, the Challenge phase is easier on Funding Frontier compared to other prop firms due to their lower target of 7.50%.

How would you rate your experience with FUNDING FRONTIER?
I would say that it has been one of the best experiences I have had with a prop firm so far.

I had a few issues with my account and the support team was always there to assist me promptly. I was also very impressed with the way the dealt with the issues that came up for me.

What advice would you give to other traders attempting the FUNDING FRONTIER Challenge?
Don’t rush through the challenge especially with the expectation to pass it.

Have a detailed plan in terms of how you are going to tackle the challenge before buying the challenge.

The fact that Funding Frontier offers unlimited trading days for their evaluation phases is a big plus and traders should capitalize on this by not rushing through the challenge phases.

Do you plan to take another FUNDING FRONTIER Challenge to manage even bigger capital?
Yes, definitely. I plan to get as much capital as I can to sustain my trading career.

Describe your best trade.
Almost all my trades are pretty similar so it is hard to pinpoint exactly which trade was the best.

However, if I had to choose, I would choose the series of trades I took to capitalize on the GBPJPY drop at the beginning of December last year.

The first two trades that I took went over 10 times the risk I took on the trade. I did take partials as the trade went in my favour so I did not capitalize on the entire move with my initial position size but I did leave a small portion to capitalize on the entire drop.

This series of trades on the GBPJPY drop made up a huge chunk of my profits that I withdrew from my funded account.

What is the number one piece of advice you would give to a new trader?
Stay in the game long enough and you will eventually find a way. Most traders rush through the process to make quick money only to fall back very hard and quit.

Remember that you are in this for the long run. The key is to live to trade another day as the markets will always be here.

Don’t be afraid of making mistakes. Only by playing the game can you learn the game. Fail fast and quick so you can learn from those mistakes early on.

How did you first hear about FUNDING FRONTIER?
I am in a Telegram group where we discuss about prop firms. That is where I learned about Funding Frontier.

Can you describe your risk management plan?
I risk 1% per trade idea on my funded account. As the move goes in my favour, I take partial profits at specific multiples. I also utilize trailing stop losses when I add further positions as my initial entry goes in my favour.

In closing, we extend our sincere gratitude to Satesh for sharing his valuable insights and experiences as a Funded Trader with Funding Frontier.

We appreciate his candid responses and wish him continued success as he works toward his ambitious funding goals.

To all our viewers and traders, we hope you found this interview informative and insightful.

If you have any further questions or wish to explore funded trading opportunities with us, please don’t hesitate to reach out. Thank you for being a part of our trading journey.

Stay tuned for more interviews and trading tips from Funding Frontier. Wishing you all profitable trades and a prosperous trading journey ahead!