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Lab Assistant Becomes $50k Funded Trader

This week we take a look at Alexis; one of our newly minted Funded Traders who has just earned her $50k account! She shares not only her trading journey; but principles on risk management, psychology, and a look into her strategy.

“If I’m going to put $500 in my account and put all this stress on myself to bring it up, why not take a funded challenge instead? It’s better than blowing your own account over.” – Alexis

Lab Assistant Becomes $50k Funded Trader

How did you start out in Forex?

I started forex in 2019 before I even started that job. With that job, I was always at the desk, so I was able to trade and do my work at the same time. I was introduced to it on Instagram. I started studying on my own.

How much time have you dedicated to trading?

A lot. When I first started off, I traded my real account/demo for almost a year, but I kept losing badly. I decided to take a year off and only focus on demo trading. I am just coming back, and now I am funded!

What’s your educational background, and what do you do for work?

I went to school for Biology and Pre-Med. I graduated in 2018. I work as a lab assistant. I work in a molecular lab. We test blood and urine samples for cancer and different diseases.

What is a hard lesson that trading has taught you?

Discipline and risk management. Especially during the challenge, I thought I was good, but I blew the account in 3 days. I realized it’s a whole different ball game. I knew I had to bunker down and take it seriously, for any hope of becoming funded.

How much time have you dedicated to trading?

If I’m going to put $500 in my account and put all this stress on myself to bring it up, why not take a funded challenge instead? It’s better than blowing your own account over, and over because you can just take the challenge again if you fail. If you actually scale up a funded account, then you get a huge capital to trade with.

How many accounts have you blown?

A lot, a lot, a lot. The first year I started out, I was throwing money into accounts. I thought to myself, “I can do this, I can do this.” I have blown over 10 accounts. I took a step back and realize that I needed to strictly trade a demo.

What are your favorite pairs to trade and why?

NAS100, that’s my baby!!

When you take a few losses, what helps you come back stronger?

Giving myself pep talks. Try not to think about it too much. I would step away because at least you will give yourself a chance to come back and re-enter. That’s better than trying and trying and losing your account.

What would you say your trading style is?

I like intraday, but I would say I’m a pretty decent scalper as well.

Do you use any Fundamentals?

For the longest time, I couldn’t figure out how to trade with the news. In the last few months, I’ve finally figured out how it’s done. I would say I still focus on technical analysis.

What advice would you give someone just starting out?

Use your demo. Set your stop losses. At first, I didn’t like setting stop losses, but after losing $500 instead of $100 with stop losses, I learned to love them.

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CFTC Rule 4.41

Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. CFTC Rule 4.41

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