Meet Trinh Thi Hue from Vietnam, who has recently passed the VIP CFD Challenge and secured a staggering payout of $22,579.65. We had the privilege of sitting down with Trinh, and she graciously shared her journey, her strategies, and the insights she has gathered through her experiences in the trading world.
1. We would like to know a bit more about you and your background, so could you introduce yourself and tell us a bit more about what you do and how you get to trading?
I am an online seller by profession, and I synchronise my trading activities with the time frame I strictly follow.
2. What key indicators and tools do you rely on when making trading decisions?
I use price action in my trading approach, and I closely follow news from the US government to stay updated and make informed decisions.
3. Do you have a specific trading style or session preference?
I mainly trade in XAU/USD.
4. How do you determine your entry and exit points in a trade?
I use price action and capital management for determining entry and exit points.
5. How do you manage emotional decisions, especially during market volatility?
I always start my day with a well-defined plan, which helps me maintain focus and avoid emotional decision-making.
6. Can you describe your daily trading routine, including how you maintain discipline, your typical trading setups, and some of the strategies you employ on a day-to-day basis?
My strategy primarily involves trading in big trends. I look for an indicator point or a trend that aligns with the larger trend before placing an order.
7. What steps do you take to continually develop and refine your trading skills?
I make it a point to record and analyse my losing trades, which helps me learn and improve for future transactions.
8. How do you manage the psychological challenges that come with trading?
I set up take-profit (TP) and stop-loss (SL) points and rarely change them, which helps in maintaining emotional balance.
9. What was your biggest trading loss, and what did you learn from it?
Reflecting on my past mistakes has been an enlightening journey. I've learned to analyse my missteps critically and not repeat them.
10. Can you share a success story or best trade that shaped your trading career?
One of my proudest moments was correctly predicting a trend and achieving a 200 pip gain on the XAU/USD pair.
11. How do you conduct your market analysis, and what sources do you rely on for information?
My analysis is based on insights from renowned articles on finance and economics.
12. What is the number one advice you would give to a new trader?
Discipline is key. It's the cornerstone of successful trading.
