Recently, we had the pleasure of sitting down with Tammam Sulaiman from Oman, who graciously shared his experience and insights on how he successfully passed The Trading Pit CFDs LITE Challenge. Through this interview, we delve into Tammam's trading journey, his strategies, and the reasons behind his trust in The Trading Pit. Join us as we explore Tammam's inspiring story and gather valuable lessons from his path to success.
1. Tell us a little bit about you.
I have been working in a full-time job for 11 years and have always had a general awareness of forex. However, the perceived risks kept me away from learning and engaging with it until I started my trading journey last year.
2. How long have you been trading?
I have been trading for one year.
3. What inspires you to pursue trading?
I was driven by a desire to learn and take on new challenges that would provide an additional source of income alongside my full-time job.
4. Do you have a trading plan in place, and do you follow it strictly? Briefly describe your Trading Plan.
Yes, after understanding how The Trading Pit Challenge works, I carefully developed a clear and specific trading plan. I wrote it down and reviewed it daily, ensuring I remained on the right path I had defined for myself. My plan was aligned with the terms and guidelines set by The Trading Pit, which allowed me to feel confident and secure throughout the challenge, ultimately helping me pass it.
5. What was your strategy to successfully pass The Trading Pit Challenge?
My strategy revolved around aligning my trading plan with the specific terms and guidelines of The Trading Pit Challenge. Additionally, I recognized the importance of utilizing the given time effectively to achieve my goals without rushing.
6. How would you rate your experience with The Trading Pit?
I would rate my experience with The Trading Pit a perfect 10 out of 10. I found the missing piece in my trading plan, which I had been searching for throughout my year of trading—a proper risk management plan that I now strictly adhere to.
7. Why did you choose The Trading Pit over another prop firm?
I chose The Trading Pit primarily because I trust its founders and the exceptional support I received from the entire team. The level of dedication and assistance provided played a significant role in my decision.
8. What would you like to say to other traders attempting The Trading Pit Challenge?
Consider it as an opportunity to learn and develop yourself. Do not rush to pass the challenge; instead, focus on enjoying the journey and the valuable lessons it offers.
9. Describe your best trade.
My best trades were in Gold. I entered positions between the support and resistance levels, leveraging the market dynamics to my advantage.
10. What is the number one advice you would give to a new trader?
Never rush for profits. Patience and disciplined decision-making are the keys to long-term success in trading.
11. How does your risk management plan look?
My risk management plan involves using a reasonable lot size, taking into consideration the distance to my stop-loss point. I avoid greed, preferring to achieve consistent profits rather than pursuing significant gains in a single trade, which often leads to substantial losses. It is essential to recognise that trades will not always be 100% successful.
12. What would you recommend to someone who is just starting with us?
Begin with a well-defined trading plan and have faith in yourself. Stay committed to learning and growing as a trader.
13. Share online resources that were significant in your trading development. Names and links are appreciated.
I found The Trading Pit's YouTube channel, webinars, and online sessions highly valuable. Additionally, I followed several Arabic-Egyptian YouTube channels to learn the basics and explore various trading strategies.
14. What made you trust The Trading Pit for your trading career?
I placed my trust in The Trading Pit due to the team's evident high level of interest and their prompt support. The dedication and interactions I experienced solidified my belief that The Trading Pit was the right choice for my trading journey.
