Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (2024)

Successful Traders

June 9, 2022 | 3:05 pm | Successful Traders

June 9, 2022 | 3:05 pm
Successful Traders


Funded Traders Success Story

Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (1)

Stay disciplined, practice very strict risk management, and eliminate the element of “hope” in trading. That’s Jiunnxi’s Advice.

Jiunnxi B, 37 years old, From Malaysia.

Jiunnxi has successfully passed twice our Level 1 instant funding program. He is now one of The5ers funded traders and is trading with a 24K low-risk funded account on our platform.

His next mission is to reach 10% of profit and double his funds to 48K.

We spoke with Jiunnxi about his trading plan, insights, and lessons gained while trading in the Forex market and our platform as a funded trader.

Click here for more Inspirations lessons and interviews from our professionallyfunded traders.

Statistics of the first account

Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (2)

Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (3)

Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (4)

Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (5)

Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (6)

Statistics of the second account

Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (7)

Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (8)

Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (9)

Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (10)

Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (11)

  • Tell us a little bit about you.
    I was born and raised in Parit Buntar, a small town in Malaysia. I studied chemistry but never actually worked in the field. I first to know trading when I was watching daily Bloomberg news on TV. Since then, I have had a very strong interest in trading, especially in the FX market.Worked across a few sectors of industries, but it did not offer me a peaceful mind. I only find myself confident when talking about trading. Currently, I am working as a part-time financial market analyst and part-time trader, managing my own trading account and a client account.
  • How long have you been trading?
    I have been trading for about 7 years, and I am a day trader & swing trader.
  • Briefly describe your Trading Plan and how it contributes to your success.
    My trading plan is quite straightforward. My trade execution is based on an 80% technical and risk-to-reward ratio; 20% on fundamental and market sentiment.First, before Asia Open, I will look at the news to have a glance to see what had happened last night during the US session and what will happen later on.Second, I will look at DXY, Gold, and Dow Jones to see how they performed overnight, is either on the Risk On/Risk Off-market.Third, once I have an idea on the fundamental side, I will look at the DXY chart, mainly on the D1 and H4 timeframe, and shortlisted currency pairs (majors only) with good risk to reward opportunities, followed by plotting these key levels at D1 H4 H1 timeframe, then I will monitor during London and US session.Fourth, during the London session is open, I usually let the market run for 1-2 hours before triggering any orders. I will have a glance at DJIA futures and DXY again during this period. Once the movement aligned with my view from fundamental, technical, and market sentiment, I will execute a trade with proper risk management.Fifth, during the London-US overlap session, those daily setups, I will exit it before I go to bed, while swing setup, I will just leave it with proper stop loss in place. I do rely heavily on Average True Range (ATR) and Bollinger Bands indicators for my trade entry and exit.
  • Share with us a challenge you faced in your trading career and how you overcame it?
    Psychology was the main challenging part for me. DON’T revenge trading and stay away from the “go for the jugular” mindset. A casino might be a better place, but trading is not.As time went by, I understood that trading is just like doing a business, i.e., there is a revenue (profit trade), and there is also an expense (loss trade). As long as the revenue (profit) exceeds expenses (loss), the net revenue is there, simple as that. However, there is a losing month, and the same thing goes for businesses where there is a loss of revenue too. The theory is the same.Always stay calm and read trading psychology books. I would recommend this book, “Trading In The Zone” – by Mark Douglas. If we are too afraid that trade goes wrong, it means we are putting too much of risk into a particular trade. The above mindset is well defined.
  • How did you adjust risk management to your trading personality?
    I only risk 0.5% to 1% risk per trade. Max risk exposure is 2%. of the capital. If I have a losing streak, I will just stay away from my trading desk to avoid further potential losses.
  • Describe a key moment in your trading career.
    Get noticed by a hedge fund company and be given an offer as a financial market analyst.
  • How long it took for you to become a consistent trader, and what aspects did you change that helped you to become consistent?
    It took me about 5 years to be profitable. Stay disciplined, practice very strict risk management, and eliminate the element of “hope” in trading. DO NOT follow signal service. Don’t learn it the hard way.A correct trade would favour our direction from the beginning., If we are wrong, just take small losses and come back another day. In trading, there is a day we sell and buy, and there is a day we go fishing nearby river.

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Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (12)

  • What is your mental/psychological strength, and how did you develop it?
    I am very persistent and passionate. If there were no such elements, I would have quit long ago. Success does not come overnight out of thin air, just like that. If there is a way, pls share it with me.
  • What was your strategy to successfully pass The5%ers’ First Level?
    Risk management first, of course, with a certain level of experience in technical, fundamental, and sentiment. Just like you are driving a car, but you have no clues on what is the basis of the rules and speed limit on the road, then you just accelerate the car’s speed to the max speed limit.
  • What would you recommend to someone who is just starting with us?
    I would recommend having a proven strategy beforehand. If you do have one, just wait for the right time to sign up for the program, then trade the account. For example, the current geopolitical event in Europe where huge volatility in the market is expected, or during the last day of the month-end, it may be the excellent timing or the worst timing to trade.
  • Would you like to share anything else with us?
    Believe in yourself. If others dont understand what you are doing, it means you are on the right path.Don’t be affected by others’ opinions that trading is a scam, is not practical, or even is gambling. Just do “Love what you do, do what you love.”Lastly, I would like to thank The5%ers for providing such a platform for traders. I did compare among your few competitors, but I am very confident in The5%ers.

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Funded Trader Jiunnxi Shares The Trading Plan That Helped Him to Pass Our Evaluation Twice (2024)

FAQs

How do you evaluate a trading strategy? ›

Key performance indicators to consider might include the strategy's win ratio, payoff ratio, maximum drawdown, and rate of return. It's also important to consider the strategy's performance in relation to its risk level. 4. Industry Analysis: This involves evaluating the industry in which the strategy is being applied.

What is the profit share of a funded trader? ›

All Challenges from The Funded Trader come with an 80% profit split. You get 80% of all the profits that you made once you get funded, and the prop firm keeps 20% for them. This profit split can increase up to 90% with account scaling.

How does the funded trader program work? ›

The Funded Trader is an online demo trading evaluation firm. We give clients the ability to complete our assessment and prove their trading skills in an environment that poses no risks to them for just the price of the upfront fee paid for the evaluation.

When did the funded trader launch? ›

About The Funded Trader

It was founded in 2021 and is based in Liberty Hill, Texas.

How do you evaluate trader performance? ›

How to evaluate trading performance
  1. Win ratio. ...
  2. Payoff ratio. ...
  3. Commission ratio formula. ...
  4. Largest winning trade. ...
  5. Largest losing trade. ...
  6. The average winning trade. ...
  7. The average losing trade. ...
  8. Largest number of consecutive losses.
Jun 9, 2023

How do you know if a trading strategy is profitable? ›

A positive value indicates the likelihood of the strategy making money. Expectancy is calculated as (win rate X average win size) – (loss rate x average loss size). What makes a trading strategy profitable? A trading strategy becomes profitable when it consistently generates more gains than losses over time.

Do funded traders pay taxes? ›

Only the amounts of money you are paid by the funding organization will reflect on your tax return (as well as amounts you chose to retain in your funded account). Furthermore, these amounts will be classified as earned income. The IRS does not care if honest mistakes are made.

How much do funded traders make a month? ›

Funded Trader Salary
Annual SalaryMonthly Pay
Top Earners$185,000$15,416
75th Percentile$105,500$8,791
Average$96,774$8,064
25th Percentile$56,500$4,708

How much do funded traders get taxed? ›

As a funded trader, a taxpayer will be required to pay both self-employment tax as well as income tax. Self-employment tax includes 12.4% social security tax and 2.9% medicare tax. This calculates to a grand total of 15.3%. Your income tax will depend on your tax bracket.

Is funded trader program legit? ›

Funded trader programs can be a legitimate avenue for traders to access capital and amplify profits. However, like any lucrative opportunity, there are risks.

How often does the funded trader payout? ›

Withdrawals. Receive an 80% payout at the end of every 14-day period (counted from the first trade after the last approved withdrawal). Receive an 80% payout at the end of every week if purchased with the Weekly Payouts add-on (counted from the first trade after the last approved withdrawal).

Does the funded trader use real money? ›

The Funded Trader challenge and funded accounts are not live trading accounts, they are fully simulated accounts utilizing real market quotes from liquidity providers. Therefore no real money is ever traded as no orders are ever executed in live markets, they are simulated orders in a simulated environment.

Who is the owner of the funded trader? ›

After trading and analyzing other funding platforms, Angelo Ciaramello established The Funded Trader.

What is the time limit for the funded trader? ›

Challenge Time Limit

The Standard Challenge consists of a two-phased evaluation process where a trader has unlimited trading days to complete both phases of the challenge.

Who is the owner of funded traders? ›

Overview. Angelo Ciaramello is the Co-Founder and CEO of The Funded Trader. He previously worked at Bayer as an Analyst Financial Systems Innovation.

How do you compare two trading strategies? ›

Key metrices to look when comparing two strategies - CAGR, max drawdown, Sharpe ratio (risk-adjusted return), linearity of return distribution, frequency of trades etc. There is a whole gamut of metrices one can generate for each strategy and finally choose the one which suits the personal psychology.

What should be included in a trading strategy? ›

Your trading plan can include anything you would find useful, but it should always cover:
  1. Your motivation for trading.
  2. The time commitment you want to make.
  3. Your trading goals.
  4. Your attitude to risk.
  5. Your available capital for trading.
  6. Personal risk management rules.
  7. The markets you want to trade.
  8. Your strategies.

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