In a recent interview with one of The 5%ers traders, Kaci, we delved into her trading journey that led her from a $25,000 account to an impressive $125,000. Kaci generously shared insights into her background, trading process, and the valuable lessons she learned along the way.
Kaci, hailing from Detroit, Michigan, started her trading journey about six years ago. Initially introduced through an MLM (multi-level marketing), she dabbled in trading while juggling full-time work and graduate school. However, it wasn’t until just before the pandemic that Kaci took trading seriously, recognizing the potential in leverage and compounding.
Strategy and Approach
Facing the challenge of balancing a full-time job with trading, Kaci developed a strategy focused on using limits and stops to enter trades at reasonable lot sizes. She emphasized the importance of avoiding account blowouts and creating a system that allowed for flexibility. Kaci diligently marked up 26 pairs each week, building muscle memory and refining her skills.
Transition to Prop Trading
Kaci ‘s journey into prop trading wasn’t planned initially. Introduced by former mentors, she was intrigued by the opportunity to access more capital. Kaci shared a personal experience of successfully flipping a $150 account, which fueled her confidence to explore prop trading despite ending in a loss.
Overcoming Challenges
Reflecting on her trading challenges, Kaci acknowledged the persistent temptation of revenge trading. She emphasized the need to step away after a losing trade, giving room for emotions to settle. Kaci also highlighted the crucial role of risk management, stressing the importance of understanding it and developing discipline.
Mentorship and Community
Having a mentor played a pivotal role in Kaci’s journey. Her mentor provided accountability, motivation, and technical guidance, filling in the missing pieces of her trading education. Kaci also underscored the emotional and discipline aspects of trading, emphasizing the need to find a mentor who aligns with one’s trading style.
Analytical Approach
Kaci shared her analytical approach using Smart Trader tools, particularly smart support and smart fibs. Her methodology involves combining retracement and extension tools, identifying potential reversal points. Kaci demonstrated a recent NZD/USD setup, explaining her entry points and the importance of observing swing lows on the 15-minute chart for confirmation.
Lessons for Aspiring Traders
In offering advice to aspiring traders, Kaci highlighted the significance of understanding risk management, finding a mentor who trades similarly, and focusing on the process rather than the result. She cautioned against falling for hype and encouraged discernment in selecting educational sources.
Kaci’s journey serves as an inspiration to aspiring traders, emphasizing the importance of discipline, risk management, and finding a mentor who aligns with one’s trading style. Her success story with The 5%ers showcases the potential for growth and profitability with the right approach and mindset.
About The5%ers
The5%ers is a proprietary trading fund that provides capital to individual forex traders who have mastered the skill of trading. The company was founded in 2016 by a group of experienced traders and entrepreneurs to provide talented traders with readily available and accessible capital.
The 5%ers‘ Funding Traders & Growth Program offers a fully funded account, no risks or extra charges, and an unmatched growth scheme. The company is not a broker and does not provide retail trading accounts.
The 5%ers‘ program is built to accomplish skill enhancement and a meaningful learning experience while trading in a professional and rewarding workspace. The company is headquartered in Raanana, Israel, and has offices in London and the United States.
