When trading with the trend I risk about 1% per trade

“Trading came naturally to me and felt like it was something I was interested to learn more about and have a passion for.”

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

What is your trading routine?
My trading routine is pretty simple. I only trade the London and New York sessions, and I try to avoid trading high-impact news.

What are your goals with funded trading?
Personally, I’m not the type of person to work a 9-5 job. I’ve tried multiple times and failed at it. I previously quit my job, was lost, and didn’t know what to do next. I then came across trading and gave it a shot. Trading came naturally to me and felt like it was something I was interested to learn more about and had a passion for.

Although it didn’t go well in the beginning, I strongly felt that this was what I was going to be doing for the rest of my life. Everyone has a big dream, but sometimes they lack the capital to do it all on their own. Prop firms like Funding Frontier are a blessing for undercapitalized traders like me. In short, my goal is to build a life I’ve always dreamed of through prop firm trading.

Do you have a trading plan in place, and do you strictly follow it? Please elaborate
My plan or strategy is to stick to simple price action. I mark important support and resistance levels and trendlines. In terms of setups, I only trade breakouts and rejections at key levels.

In terms of risk to reward, I go with 1:3 setups. I book partial profits at about 30 pips and set my stop-loss to breakeven whilst letting the rest of the position run until the target. By doing this, my trade is risk-free, and more importantly, stress-free.

I’m still a beginner and make mistakes. Trading is a lifelong journey of learning and improving. Like a lot of traders, I experience FOMO, and sometimes even revenge trade. However, I have learned from my past mistakes and improved a lot since I started the funding journey.

What was the most challenging obstacle in your trading journey?
Conquering my emotions is the most challenging aspect, and it is still something I am working on.

Technical analysis gets easier with time, but controlling your emotions while you’re in an ongoing trade is the hardest part. It mainly affects how you react if the market moves against you.

Are you going to increase your position to average down, or are you going to hold it longer with a bigger stop-loss and potentially make it even worse? It’s a very difficult thing to overcome, but you get better with time.

What did you find easier, the FUNDING FRONTIER Challenge or the Verification phase? Share your thoughts:
Trading the funded account is much easier than the evaluation and verification phase. It took almost 2 months to pass the evaluation.

Initially, I wasn’t sure of simple things like what my lot size should be, my risk per trade, and how many trades I should be taking per day. However, I was very patient, and over the course of two months, I started figuring out the answers to these questions that worked best for me. It’s an ongoing aspect of my trading which I’m still making positive changes to.

How would you rate your experience with FUNDING FRONTIER?
Funding Frontier is the first prop firm that I have traded with, and I’m really satisfied and impressed with what they are doing. I haven’t had any struggles in the past 6 weeks. The support team is always there to help out, and the Discord channel is always active. The accounts are delivered quickly, and more importantly, the payouts are fast! I have nothing to complain about.

What advice would you give to other traders attempting the FUNDING FRONTIER Challenge?
Based on my experience, one should always risk only what you’re comfortable losing so that it doesn’t affect you psychologically during your next trade.

Also, do not be biased when looking at the charts to the extent that you become blinded. Always be fluid and go in the direction that the market is moving.

Do you plan to take another FUNDING FRONTIER Challenge to manage even bigger capital?
Absolutely! My next goal is to get a $100k account and gradually scale up to $400k in funding.

Describe your best trade.
Any trade where I follow the trend is considered a good trade.

I only trade XAUUSD. Recently when the market retraced up to 1832, I took a rejection trade with a 1:6 RR ratio. This trade resulted in a 1.8% gain. I would say that’s one of my best trades.

What is the number one piece of advice you would give to a new trader?
It’s simple and everyone knows it. Manage your risk and control your emotions. It takes time to get there and you can never be perfect. However, you can always make consistent progress.

How did you first hear about FUNDING FRONTIER?
Through a friend who has been trading with prop firms for a few years.

Can you describe your risk management plan?
I mainly trade with the trend, although I occasionally take trades when the market retraces.

When trading with the trend I risk about 1% per trade. When I am not trading with the trend I risk about 0.5-0.7% if I have a counter-trend setup.

In closing, we extend our sincere gratitude to Kiran 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!