Meet a $100k FUNDED TRADER

“I have already purchased a $200k evaluation and I intend to achieve the maximum capital allocation with Funding Frontier.”

Meet Shi Cheng Foo, a Funded Trader with Funding Frontier. Discover how Shi Cheng and other traders secured funding and gain insights and tips for a successful trading journey.

What is your trading routine?
I try to keep the same daily routine when it comes to trading and general life. The first thing I do is analyse the charts daily after waking up so that I stay in flow with the markets. However, because I analyse the charts daily it does not mean that I trade every day.

What are your goals with funded trading?
I try to adopt the mindset of firstly improving my skill and perfecting the craft of trading. I believe that by doing so, the monetary reward will naturally follow.

Do you have a trading plan in place, and do you strictly follow it? Please elaborate
Yes. My strategy is very simple. I only trade breakout setups in the direction of the higher timeframe trend. If my setup doesn’t present itself, I don’t enter any trades.

What was the most challenging obstacle in your trading journey?
Learning to accept that losses are part of the game and when they happen I don’t revenge trade as a result. I have paid for these errors dearly in the past, but I believe I have made a lot of progress and I am not as influenced by losses and overtrading as I once was. It took me a long time to get here.

What did you find easier, the FUNDING FRONTIER Challenge or the Verification phase? Share your thoughts:
The level of difficulty was similar across both phases. If I have to really dig deep then maybe the verification was easier as I passed it in 4 days. However, this was also because of favourable market conditions that aligned with my strategy.

How would you rate your experience with FUNDING FRONTIER?
Great thus far! I have no complaints at all.

What advice would you give to other traders attempting the FUNDING FRONTIER Challenge?
To take things slow when it comes to trading. Unlike everything else in life, going slowly is actually the fastest way to become consistently profitable. The markets will always be there, so always protect your capital and live to fight another day. Treat your losses as lessons.

Do you plan to take another FUNDING FRONTIER Challenge to manage even bigger capital?Yes. I have already purchased a $200k evaluation and I intend to achieve the maximum capital allocation with Funding Frontier.

Describe your best trade.
A breakout setup was presented and I didn’t hesitate to enter. I set my stop loss and take profit and went for a shower. When I returned, I found my trade 80 pips in profit.

We noticed that you went into a massive drawdown of almost 7% when trading your funded account. What did you do to recover your losses and ensure you received a profit split both in terms of your trading and psychology?
I tried my best to keep cool and composed throughout. You can only do this if you have a back-tested strategy that you trust. The reason is that you know that the probabilities of your edge in the market playing out are high, in the long run.

How did you first hear about FUNDING FRONTIER?
I heard about Funding Frontier through Raja Banks.

Can you describe your risk management plan?
The age-old mantra of “1 to 2 percent per trade, and only 1 to 2 trades a day.”

In closing, we extend our sincere gratitude to Shi Cheng for sharing his valuable insights and experiences as a Funded Trader with Funding Frontier.

We appreciate his candid responses and wish him continued success as he works toward his ambitious funding goals.

To all our viewers and traders, we hope you found this interview informative and insightful.

If you have any further questions or wish to explore funded trading opportunities with us, please don’t hesitate to reach out. Thank you for being a part of our trading journey.

Stay tuned for more interviews and trading tips from Funding Frontier. Wishing you all profitable trades and a prosperous trading journey ahead!