Dietrich Wing-Paul, hailing from New York, was featured in an exclusive trader interview with TFT to share insights into his trading experience, strategies, and the valuable lessons learned throughout his journey.
Reflecting on his journey, Dietrich Wing-Paul disclosed that he embarked on his trading venture in October 2020, initially introduced to the trading world by IML and various other traders. Notably, his interest in trading stems from a desire to provide for himself and contribute to future endeavors in ministry.
TFT Trader Dietrich Interview
During his interview with TST, Wing-Paul acknowledged the pivotal role played by a trader in jump-starting his understanding of trading concepts and technical analysis. The initial struggle revolved around comprehending chart readings, particularly in the context of Wing-Paul’s preferred strategy, psychological levels. Despite the challenges, he emphasized the importance of the learning process and the valuable insights gained from facing difficulties.
One of the remarkable aspects of Wing-Paul’s trading journey has been his psychological growth. He candidly shared his early struggles with risk management and revenge trading, leading to blown accounts. However, over the last two and a half to three years, he has seen significant improvements, particularly in risk management. Wing-Paul highlighted the need for consistency in trading, focusing on quality setups and avoiding the pitfalls of greed.
Wing-Paul’s trading strategy revolves around psychological levels, major areas of support and resistance. He showcased his preferred pairs, USDJPY and GBPJPY, attributing the choice to a high win rate backed by historical data. The trader also utilizes exponential moving averages (EMAs) to gauge momentum in the market.
In response to a question about what he would do differently, Wing-Paul expressed contentment with the learning experiences gained from losses. He emphasized that these challenges exposed his impatience and greed, contributing to personal growth both as an individual and a trader.
Here is the Full Interview:
About the Firm
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- Maximum balance of standard accounts up to $600,000
- Four different funding program options
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