“Implement Broker-Enforced Loss Limits” @ProfitTree
In Members in Profile, we interview stand-out members that show strong aptitude and work ethic. Our goal is to highlight different folks so that you can see the effort that our members are putting into their trading and hopefully learn from their experiences of the Convergent Trading Community.
We hope you enjoy hearing what @ProfitTree has to say!
What brought you into trading?
I was introduced to investing and trading through my adopted brother-in-law who is a full-time, professional trader that manages his own eight-figure portfolio and I was immediately hooked.
What do you like most about Convergent?
The Convergent Trading community has helped me obtain more professional education, insights, and research for profitably trading Futures instruments than I ever could on my own.
How have these aspects helped you grow as a trader?
Morad’s consistent dedication to putting in the work to help others, +2,000 Trader Bites, and multiple businesses, has inspired me to do the same with my businesses.
Do you have a favorite community quote or webinar?
“What is the market’s function?
Continuous discovery of fairest price.”
“Markets transfer wealth from undisciplined, impatient participants that violate proven risk management and investment strategies to disciplined, patient-participants that strictly adhere to proven risk management and investment strategies.”
Do you have any advice for new members?
- I very strongly recommend all traders implement proven risk management with broker-enforced loss limits to minimize daily and maximum drawdowns, position-sizing, and investment strategies which are critical to long-term profitability and avoid the risk of ruin. No one trade should break your portfolio. Focus on consistent base hits versus gambling on home runs every trade.
- Consistently and continuously do your homework and work to improve your strategies and execution. The best investors and traders in the world are spending a lot of time, money, and resources to outcompete you.
- Invest when the cumulative risk to reward probabilities best suit your strategies and market conditions.
What is your favorite non-trading activity/hobby?
Motorcycle racing, flying, and skydiving.
Have you participated in the #TradeRight program/challenges? What discoveries have you made?
Yes. The #TradeRight exercises definitely proves that proper risk management and position sizing are critical to long-term profitability and avoiding the risk of ruin.
