Charles B. in Coeur d'Alene, Idaho has been trading in a Funded Account® since January 2017. Throughout nine full months trading our capital, he has maintained a winning trade percentage of 47.5% and winning day percentage of 51%.
Yet, he has managed to be consistently profitable because his average winning trade is more than double his average losing trade - at $354.98 vs a loss of $153.59.
We asked Charles for some advice he'd give to other traders who are still looking for success. Here's what he said:
- Take Ray Burchett's Intuitive Development Program (IDT), at least the Basic Training, and commit to immersing yourself in the work for at least a year. It will teach you how to support yourself along your unique development path, and give you the tools to constructively deal with the market's feedback (win or lose), which will help you generate real evidence that you are moving up the learning curve.
- Stay humble, and focus on building positive momentum, independent of P&L. Great trading is the product of having complete accountability and integrity in the decision process that generates great trading ideas. The work is in making our beliefs as explicit as possible and always striving to reveal gaps in our understanding. Journal. Journal. Journal.
- You can never be too patient or have too much conviction. Never force trades. Wait for that sense of knowing.
From a statistics perspective, Charles has nailed #3. He has only traded 35 days all year. In September, he traded three days - and didn't have a single losing trade.
Awesome job, Charles. Thanks for the advice!