Interview with Successful Trader: Slavomir Emphasizes the Importance of Long-term Thinking & Patience for Success

Interview with Successful Trader: Slavomir Emphasizes the Importance of Long-term Thinking & Patience for Success IMG 20240613 104942 848

In this interview, funded trader Slavomir shares the actions he took to move from a beginner prop trader to a profitable and successful one:

1. Hello, can you please tell us a little about yourself

My name is Slavomir. I’m from Slovakia. I have been trading for approximately three years now.

In the beginning, I was very interested and captivated by this business, which is why I decided to educate myself and gather as much information as possible about the stock market and trading.

Since then, I have become a very passionate trader, always striving to improve and enhance my skills in this area.

2. What trading technique(s) do you consider most effective on your trading journey?

I often use a scalping strategy. It’s a very fast and dynamic method that allows me to profit from small price movements throughout the day.

However, it’s quite challenging and risky, so it’s important to control emotions when trading and be prepared for quick gains as well as potential losses.

The strategy requires discipline and the ability to react swiftly to market changes.

3. How do you manage risk in your trades, and what advice do you have for prop traders looking to improve their risk management skills?

My key element in managing risk is strictly adhering to stop-loss (SL) orders and position sizing. This is one of the most important aspects of my trading, helping to minimise potential losses.

Even when things aren’t going well, I know that patience will help me recover.

Additionally, I always recommend conducting a post-analysis of losing trades to understand what went wrong and what can be improved in the future.

This helps me gain valuable experience and improve.

4. How do you handle emotions during challenging market conditions?

Emotions… that’s a good question. It’s important to learn to control them. It’s a long-term process that requires training to avoid impulsive decisions.

If I feel overwhelmed, I sometimes take a break for a few hours and return to the charts with a clear mind.

This helps me maintain objectivity and reduce stress.

5. Can you speak about the importance of having discipline and sticking to a trading plan and how it contributes to long-term success?

Discipline is crucial. Traders who stick to their trading plans and have clearly defined rules generally achieve better results.

I believe that forex should be approached with a long-term perspective. There will be streaks of success, but I would say that a trader’s quality is tested more by a series of failures.

That’s when mental strength plays a key role—keeping emotions in check.

6. What markets or currency pairs do you focus on and why?

I mainly focus on trading gold, EUR/USD, and US100. These markets are known for their volatility and larger movements throughout the day, which suits me.

Additionally, they respond to various geopolitical and economic news, creating opportunities for profitable trades.

7. How do you adjust your trading strategy to different market conditions such as high volatility?

During high volatility, it’s important to adhere to strict money management and set appropriate stop-loss orders.

Significant events, such as economic or political news, can significantly impact the markets and even cause stop losses to be bypassed.

Therefore, I avoid trading during such times to minimise unnecessary risks.

8. Can you share your most significant trading success and your biggest failure, highlighting the lessons you’ve learned from these experiences?

My greatest success with RebelsFunding was withdrawing more than 7,000 euros from a funded account.

On the other hand, I’ve also experienced real money losses on a trading account (which is part of trading).

The important thing is that I’ve learned from these experiences, analysed my mistakes, continued to educate myself, and moved forward with greater discipline.

9. How do you handle losses and what steps do you take to effectively recover from drawdowns?

The most important thing is to never risk more than I’m willing to lose. After a loss, I try to stay calm, analyse the situation, and avoid panicking.

This helps me avoid further unnecessary losses. Patience and discipline are essential.

10. What technical indicators do you rely on?

My trading decisions are based on a combination of technical and fundamental analysis. Timing is crucial.

I don’t try to sit at the charts all day; instead, I focus on key moments and analyses I’ve drawn up, and then I just wait for the right entry.

11. How do you determine the optimal time frame for your trades?

The optimal time frame depends on the specific market. For each market, I use a different time frame, most often trading on shorter time frames, such as M15.

12. On a scale of 1 to 10, what would you rate our prop firm (RebelsFunding) and why?

I definitely rate RebelsFunding a 10. They have excellent support, clear conditions, and they honour their commitments to traders.

They also offer interesting discounts on purchasing programs and various competitions, which makes their offering very attractive.


CLICK HERE TO VIEW SLAVOMIR’S TRADING PERFORMANCES:

Trading performance account I

Trading performance account II

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