In a recent interview with The5ers, successful trader Christ, who has received payouts five times, opened up about his trading journey, experiences, and strategies that have contributed to his success in the prop trading firm. With five successful payouts under his belt, Christ’s next mission is to achieve a 10% profit to scale his Hyper-Growth accounts to $80K and $20K.
The5ers Trader Christ Interview – Five Payouts Received!
Christ emphasized the importance of a well-established trading plan based on indicators and tested over several years and various market conditions. His plan involves identifying buy and sell points and ensuring a risk-profit ratio greater than 1 to secure the system’s profitability.
Reflecting on his trading career, Christ highlighted the common challenge of finding a profitable system. He stressed the significance of testing and evaluating a system over time, particularly focusing on the profit-risk ratio. According to Christ, this key understanding provided a general overview of the system’s potential for profitability.
To successfully pass the evaluation at The5ers, Christ implemented a strategy involving a combination of multi-timeframes. This approach aimed to identify major changes in market direction, relying on market trend indicators to make informed decisions on when to buy and sell.
Christ expressed gratitude for discovering The5ers, attributing it to a positive turn in his trading career. He highlighted the significant difference in risk management policies, particularly the firm’s 5% risk policy. This approach has transformed him into a complete trader, helping him develop a system that increases profits with each trade while minimizing losses gradually.
About the Firm
The5ers is a proprietary trading firm with the legal name Five Percent Online Ltd that was incorporated on the 9th of April 2020. They are located in Raanana, Israel, as well as in London, UK, and are being managed by CEO Gil Ben Hur. The5ers provides traders with the opportunity to choose between three account types: a three-step evaluation, an instant funding program, and a two-step evaluation.