“Don’t jump from one strategy to another. Find one that works for you and master it. Practice proper risk management and trade what you see, not what you feel.”
Meet Premjit Kumar, a Funded Trader with Funding Frontier. Discover how Premjit and other traders secured funding and gain insights and tips for a successful trading journey.
What is your trading routine?
My routine is very simple. I mainly focus on the London and New York sessions and only execute on my setup whenever it presents during this time.
What are your goals with funded trading?
My goal is to steadily grow my funded capital over the long term until I am max funded with $ 400,000.00 with Funding Frontier.
Do you have a trading plan in place, and do you strictly follow it? Please elaborate
Yes, I do have a trading plan in place which I follow religiously! I try my best not to overtrade. If I have a losing position for the day I generally close my laptop and walk away for the rest of the day. I have found with my strategy that I usually have 2-3 days in a week where good opportunities present themselves and that is when I try to capitalize. I also understand my edge, in terms of my win rate which is around 30-40%. However, my risk-to-reward ratio is significantly higher so I am able to maintain my profitability over the long run.
What was the most challenging obstacle in your trading journey?
When I first started I would often overtrade. If I for example took a buy position and lost, I would immediately try to revenge trade and take sells. This behaviour took a massive toll on my trading psychology as I wasn’t fully trusting my analysis and would often change my bias. However, I realized after collecting a lot of data that my original bias would often play out. Hence, I tried to stick to it as much as I could.
What did you find easier, the FUNDING FRONTIER Challenge or the Verification phase? Share your thoughts:
I found the verification phase more challenging. The reason being is that the funded account is so close but you have to maintain your composure and discipline despite the lure of getting funded soon!
How would you rate your experience with FUNDING FRONTIER?
I will rate my experience with FUNDING FRONTIER as 5 stars! I received my verification and funded phase accounts instantly and my profit split pay-out was much faster than I anticipated.
Another great thing about FUNDING FRONTIER was that they sent me a reminder email about using a stop loss on the funded phase. I generally tend to always use a stop-loss, however on the one occasion that I didn’t I was quickly reminded to do so.
Whenever I interacted with the support team they were quick to respond.
What advice would you give to other traders attempting the FUNDING FRONTIER Challenge?
I will advise people to just purchase a Funding Frontier evaluation blindly! I was afraid after MFF went down and struggled to trust any prop firm. There was also a lot of FUD about firms not paying traders. However, my experience with Funding Frontier has been amazing and I will definitely recommend it to my friends.
Do you plan to take another FUNDING FRONTIER Challenge to manage even bigger capital?
Yes, I definitely will! I am just trying to develop my psychology first to be able to handle a larger amount of capital before I make the purchase. Hopefully, it will happen very soon.
Describe your best trade.
My best trade is usually at the London or New York open when the price just pulls back to grab liquidity and trigger my entry, before shooting off in the direction of the trend. I usually have a very profitable trade with a minimum drawdown!
What is the number one piece of advice you would give to a new trader?
Don’t jump from one strategy to another. Find one that works for you and master it. Practice proper risk management and trade what you see, not what you feel.
How did you first hear about FUNDING FRONTIER?
I first heard about it from Raja Banks. I always liked trading on Dominion Markets and when Funding Frontier offered them as a brokerage option I was excited to try it out. The trading conditions are really good.
Can you describe your risk management plan?
I generally risk 1% per trade although I sometimes use less risk when giving my trade a second chance. Another risk management habit I practice is to close 50% of my position if the price action is not going in my favour so I lose less. If I am not comfortable holding a position I try to cut it as soon as possible so I lose less than I planned to.