Thomas Taylor, a 27-year-old trader from Argentina, recently had an interview with The Trading Pit to discuss his successful journey in trading. Having immersed himself in the world of trading for the past three years, Thomas’s motivation stems from the desire to master a skill that allows him to take control of his financial destiny and provide for his family. The pinnacle of his trading success came during The Trading Pit’s CFDs VIP Challenge, where he completed the challenge with a payout of $5,301.02.
The Trading Pit Trader Thomas Interview
Thomas shared a pivotal moment in the challenge, recounting a successful trade with the Yen-dollar pair. His strategy, grounded in the use of Heatmap and Pivots indicators, proved effective, leading to a profit of around 5,000 euros. This success underscored not only the efficiency of his chosen approach but also the significance of strategic analysis in navigating the complexities of the market.
Discussing his trading plan, Thomas emphasized the importance of disciplined risk management. He maintains a consistent 1% risk on each trade, occasionally extending it to 2% based on specific circumstances. Recognizing the role of emotions in trading, he stressed the need for predetermined risk exposure to avoid being swayed by emotional highs and lows. Thomas sees trading as a mathematical game where strategic decisions based on numbers take precedence over impulsive actions.
In times of adversity, Thomas follows a strict policy of ceasing trading for the day, allowing him to approach the market with a fresh perspective on the following day. Also, when asked to rate his experience with The Trading Pit, Thomas gave a resounding 10, citing the platform’s instrumental role in his success. He also attributed his discovery of The Trading Pit to a recommendation from BlackSheep and urged fellow traders to undergo proper training to leverage the platform effectively. Lastly, Thomas expressed confidence that others, with dedication and training, can achieve similar success in their trading endeavors through The Trading Pit.
About the Firm
Here are some interesting facts about the firm:
- Excellent Trustpilot rating of 4.6/5
- Wide range of available trading instruments
- Low minimum trading day requirements of 3 days
- Profit share up to 80% (with scaling)
- Available upgrade options
- Overnight and weekend holding allowed