Interview met succesvolle handelaar: Nguyen vertelt over de kracht van conservatief risico en discipline

In this interview, one of our successful traders, Tung Nguyen, shares some helpful tips that can transform your forex (prop) trading performance:

1. Tell us a little about yourself.
My name is Tung Nguyen. I come from Vietnam and I am a freelance investor.

2. Welke handelsstrategieën of -benaderingen vindt u het meest effectief tijdens uw handelscarrière?
Price averaging method. I simply identify resistance and support areas according to the daily trend and enter orders.

3. What technical indicators do you rely on and how do you use them to make trading decisions?
I do not use too many technical indicators. I only follow the daily and monthly candlestick charts, combining news on the world market to make trading decisions. I do not pay attention to complex indicators.

4. How do you determine the optimal time frame for your trades and what factors influence your choice?
I am a long-term trader so daily and monthly time frames are what matters most to me.

5. How do you manage risk in your trades?
I always set a stop loss on my trades. Each trade should only have a maximum risk of 1%.

6. Hoe gaat u om met emoties tijdens moeilijke marktomstandigheden?
I cut all orders (I stop trading) and relax. This way, I feel comfortable and continue trading the next day.

7. Can you discuss the importance of having a disciplined trading plan and how it contributes to long-term success?
(When trading) maintain your rules and continuously follow exactly what you have planned (so you don’t fall into a situation where you get influenced by emotions and make bigger wrong decisions).

8. Op welke markten of valutaparen richt u zich en waarom?
I don’t focus on a market too much. I monitor forex, indexes, stocks, gold, and oil markets to see which products have good entry points and I enter.

9. How do you adapt your trading strategy to different market conditions such as high volatility?
I control the order volume (how much I risk per trade). I risk what I feel comfortable losing. By doing so, losses don’t affect my trading account too much.

10. Can you share a notable trading success and a setback in your trading journey, pointing out the lessons you learnt from each?
I don’t remember exactly which trades were the best and worst, but in every situation I found that volume (risk) management and capital management were the most important to winning the market.

11. How do you handle drawdowns, and what measures do you take to recover from losses effectively?
I usually calm down and find the reason why I suffered such a serious loss. And find a clearer opportunity. I don’t rush to overcome losses, as it leads to me making mistakes.

12. Op een schaal van 1 tot 10, welk cijfer zou u ons propbedrijf (RebelsFunding) geven en waarom?
In the past, I often encountered network lag and it was very difficult to transact on the platform.

However, recently, the transmission line has been very stable and transactions have been very convenient. I think point 9 is appropriate. Thank you.

Click here to view Tung Nguyen’s trading performance 1

Click here to view Tung Nguyen’s trading performance 2

Click here to view Tung Nguyen’s trading performance 3