{"id":12388,"date":"2010-08-25T12:19:27","date_gmt":"2010-08-25T16:19:27","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=12388"},"modified":"2010-08-25T12:19:27","modified_gmt":"2010-08-25T16:19:27","slug":"forex-interview-with-a-champ-not-to-be-greedy-and-not-to-run-after-profit","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/08\/25\/forex-interview-with-a-champ-not-to-be-greedy-and-not-to-run-after-profit\/","title":{"rendered":"Forex Interview with a champ: \u201cNot to be greedy and not to run after profit\u201d"},"content":{"rendered":"

fhuetter, the\u00a0winner of\u00a0the latest\u00a0traders <\/strong><\/strong>championship is<\/strong> sharing <\/strong>some trading
\ntips\u00a0with eToro\u2019s community<\/strong>
\n <\/strong>\"\"<\/a><\/strong> <\/strong><\/p>\n

Profile:<\/strong><\/p>\n

Age<\/strong>: 46
\nCountry<\/strong>: Austria
\nFamily status: <\/strong>married
\nOccupation:<\/strong> Quality\/Risk Manager at a hospital
\nExperience:<\/strong> 2 years CFD trading (hobby \/ free time)
\nTrading Mantra:<\/strong> Crazy for short
\nPreferred currency:<\/strong> EUR\/USD and EUR\/JPY
\nHobbies:<\/strong> diving<\/p>\n

Why are you trading with eToro?<\/strong><\/p>\n

Because it\u2019s a very quick and easily understandable trading platform.<\/p>\n

What is the most important lesson\u00a0you\u2019ve\u00a0learned about trading so far?<\/strong><\/p>\n

Strict money management. It means not being too greedy and accepting a loss when it happens. Sometimes I thought that I could even turn a bad trade into a profitable one when I \u00a0put all my eggs in one basket, but as we know, and as I have had to learn the hard way, the market is always right, no matter what I happen to believe at the moment. So, I never spend more than 30% of my deposit. If I lose it, I turn off my account and try trading the next day.<\/p>\n

What is the most important tip you can give to novice trader?<\/strong><\/p>\n

Start with small leverage and far stop losses (medium risk trades).<\/p>\n

Please give me a general description of your trading technique\/strategy?<\/strong><\/p>\n

Looking for short entry points by using 1min\/5min\/15 min\/ 1 hour MACD and Stochastic indicators. If they turn to \u201csell\u201d at the same time, I start with shorts. The same goes for long Trades.\u00a0 What\u2019s important for me is that they all turn to sell or buy at the same time.<\/p>\n

Did your Account Manager help you to improve your trading?<\/strong><\/p>\n

I get useful tips and actual warnings when I take any positions (very useful). The Account Manager calls have more than once given me some well-timed info about possible trends and events with effects and consequences to my trades.<\/p>\n

Please recommend a trade to our readers?<\/strong><\/p>\n

Actually EUR\/USD short till 1,267 then go long.<\/p>\n

How long it take you before you started to make profit?<\/strong><\/p>\n

1 week.<\/p>\n

How much money do you currently trade with?<\/strong><\/p>\n

About EUR 45,000.<\/p>\n

What is your number one trading rule?<\/strong><\/p>\n

Not to be greedy and not to run after profit; this means using strict stop losses ,never expanding\u00a0them in the hope of \u201conly a little bit longer and then it will turn in my direction\u201d \u2013 it never does!<\/p>\n

What is the part you love the most about eToro?<\/strong><\/p>\n

I find the weekly\/monthly championships stimulating and I also like the bonus program.<\/p>\n

How much money have you withdrawn from eToro so far?<\/strong><\/p>\n

About\u00a0 USD 218,000.<\/p>\n

How did you learn to trade <\/strong><\/p>\n

Mostly \u00a0I learned by myself from some internet brokerage sites and some books I bought \u2013 and some trial and error experiences! I learned some basic charting techniques and the principles of Elliott-Waves.<\/p>\n

Which tools do you use for your trading?<\/strong><\/p>\n

I use the MACD (1min\/5min\/15min and 1 hour) and the Stochastic (1min\/5min\/15min and 1 Hour). Also I use the top traders\u2019 insight list at eToro as a contra-indication: if 70% or more are on sell, I go long and vice versa.<\/p>\n

Your message to the eToro community:<\/strong><\/p>\n

Don\u2019t work hard (using complicated trader tools with \u201cacademic\u201d analytical tools and information) \u2013 work smart (use eToro\u00b4s simply designed trading platform and trade with your own proven trading strategy).<\/p>\n

How much profit have you made so far with eToro?<\/strong><\/p>\n

About EUR45.000.<\/p>\n

eToro Analysis:<\/strong><\/p>\n

The trader is exceptionally proficient in the art of short selling. The main strategy the trader uses is indentifying pivot points in the Euro\/Dollar and then using them for extremely accurate short sells of around 50pips.For example one of the trader\u2019s most successful trades lately from the 18th<\/sup> of August was when the trader shorted the Euro at 1.2847 and then closed at a take profit of 1.279.The trade was closed with a gain of 68 pips earning the trader close to $3,000. The trader always uses a leverage of 100X and approximately the same stop loss size, pointing to a well organized strategy built for constant gains. Overall the trader has profited from more than 65% of his trades in a period of 1 year. This indicates that the trader has a well planed trading style and could be very valuable to follow for those seeking long term gains.<\/p>\n

\"\"<\/a><\/p>\n

Forex Market Analysis provided by<\/em> <\/a>eToro<\/a><\/em><\/strong><\/p>\n

Disclaimer: Trading in the Foreign Exchange market might carry potential rewards, but also potential risks. You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don\u2019t trade with money you can\u2019t afford to lose.<\/p>\n","protected":false},"excerpt":{"rendered":"

fhuetter, the\u00a0winner of\u00a0the latest\u00a0traders championship is sharing some trading tips\u00a0with eToro\u2019s community Profile: Age: 46 Country: Austria Family status: married Occupation: Quality\/Risk Manager at a hospital Experience: 2 years CFD trading (hobby \/ free time) Trading Mantra: Crazy for short Preferred currency: EUR\/USD and EUR\/JPY Hobbies: diving Why are you trading with eToro? Because it\u2019s … <\/p>\n

Continue reading “Forex Interview with a champ: \u201cNot to be greedy and not to run after profit\u201d”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-12388","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=12388"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/12388\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=12388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=12388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=12388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}