Alexandru's Trading Journey
Trader Snapshot
Alexandru's Trading Journey
Summary of Interview with Trader Alexandro
This interview features Alexandro, a trader from the Republic of Moldova currently living in France and working full-time as an automotive engineer. He shares insights on his trading background, strategies, psychological approach, risk management, and experience trading both personal and proprietary (prop) accounts.
Background and Trading Experience
- Alexandro has been trading for four years, with one and a half years focused on Forex trading.
- He transitioned from stock trading to Forex because:
- Forex allowed better applicability of his trading ideas and strategies.
- Forex offers major currency pairs which are easier to monitor than numerous stocks.
- Currently, trading is a part-time activity, serving as a side income.
Trading Style and Strategy
- Primarily an intraday trader, previously a scalper but found scalping:
- Energy-consuming
- Inconsistent in results
- Currently working to evolve towards swing trading, aiming to hold trades for 1-3 days.
- Strategy relies heavily on market structure, specifically:
- Horizontal support and resistance levels
- Trend levels
- Price action focus with minimal use of indicators.
- Occasionally uses:
- Moving averages for trend confirmation.
- Bollinger Bands as confluence.
- Prefers trading major currency pairs, especially:
- GBP/USD (Cable) â his favorite pair
- EUR/USD as another focus.
- Adheres to a personal rule to avoid overtrading the same pair for consecutive days; recently violated this by focusing too much on EUR/USD.
Psychological and Risk Management Insights
- Transitioned to trading a larger capital account (~$30,000), initially managing smaller personal capital.
- Adapted well psychologically to the increased capital, viewing it as a normal progression.
- Early challenges included:
- Using full lot sizes, which was uncomfortable for risk control.
- Improved by switching to smaller lot sizes (e.g., 0.01 lots), enabling better risk management.
- Targeted a maximum risk of 1% per trade on capital.
- Took approximately five months to reach his first profit target.
- Identified that psychology and attitude were primary barriers to initial success, rather than market conditions or strategy flaws.
- Emphasizes that trading is a marathon, not a sprint; patience and continuous learning are essential.
- Advice for new traders:
- Be curious and invest heavily in learning.
- Understand market mechanics behind price movement, rather than predict price.
- Manage emotions carefully and remain patient.
Experience Trading with a Proprietary Firm
- This is Alexandroâs first experience trading with a prop firm.
- Trading a prop account helped him develop:
- Greater discipline due to clear rules and risk parameters.
- A sense of accountability toward capital that is not his own.
- Better adherence to a trading plan, avoiding impulsive trades.
- Prop firm environment made him more conscious about:
- When to close positions.
- Avoiding trading during high-risk times (e.g., Fridays or news events).
- Views the prop firm as a partner, emphasizing mutual trust and responsibility.
- Finds that trading with a prop firm reduces the tendency to over-risk personal capital, which is common when trading alone.
Current Status and Outlook
- Started trading the $30,000 prop account about one week ago.
- Initial trades were profitable, with recent trades serving as learning experiences.
- Maintains confidence and patience, focusing on steady progress.
- Plans to continue refining his strategy, improving entries, and gradually incorporating swing trades.
Key Insights
Topic | Details |
|---|---|
Trading Experience | 4 years total, 1.5 years in Forex |
Trading Style | Intraday mainly, evolving towards swing trading |
Strategy Components | Market structure, horizontal & trend levels, price action, minimal indicators |
Preferred Markets | Major Forex pairs, especially GBP/USD and EUR/USD |
Risk Management | 1% max risk per trade, small lot sizes for better control |
Prop Firm Experience | First prop account, improved discipline, accountability, adherence to rules |
Psychological Focus | Patience, emotional control, trading as a long-term process |
Learning Advice | Be curious, study market behavior, avoid prediction, invest in skill development |
Conclusion
Alexandroâs journey illustrates the transition from personal trading to professional prop trading, highlighting the importance of discipline, risk management, and psychological maturity. His approach centers on price action and market structure, enhanced with selective use of indicators for confirmation. Trading with a prop firm has brought greater accountability and structure to his trading, supporting his goal of sustainable profitability over time. His advice underscores that learning and patience are critical for success in trading.
Certification
Choose The Best Plan
Designed to reduce stress by removing deadlines đ Unlimited trading period for Challenge, Verification and Live stages.
1st and 2nd Steps:
You only need to trade on 4 different days. A trading day is defined as a day when at least one position is opened.
Live account:
No minimum trading days
The Daily Drawdown resets every day at midnight (MT5 server time â GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the accountâs balance or equity at rollover, whichever is higher.
Your equity cannot fall by more than 7.5% (5% for the 2nd step and live stage) in a single trading day. Once the day resets, a new limit is set based on your updated balance or equity, following a static-based model.
Example:
Account balance at rollover: $120,000
Daily Drawdown (7.5%) â $9,000 â Equity must not fall below $111,000 that day.
If equity or the balance rises to $130,000 by the next rollover, the new daily drawdown will be $9,750 (7.5% of 130,000).
The Absolute Drawdown (Maximum Drawdown) is 15% (or 10% for the 2nd step and live stage) of the initial account balance and remains fixed throughout the challenge.
If either the daily or absolute drawdown is breached, the account will be terminated.
Example: Account balance: $120,000
Absolute Drawdown (15%) â $18,000 â The account will be closed if equity drops below $102,000.
The profit target is 10% on the Challenge stage and 5% on the Verification stage. Achieving these targets while following the rules will qualify you for a Live account
Profit sharing starts at 75%, you can reach up to 90% with consistent performances in line with our scaling plan.
Once on Live stage, traders can request withdrawals biweekly (every 14 days). After the request is approved, traders will receive the profit share in their wallet on the same day.
Once traders earn a payout, they'll be eligible for a Reward Bonus equal to the initial registration fee. This will be included with the first payout from the Ability Live.
Not anymore
You may hold trades over the weekend and trade during news events. Simply avoid opening, closing or adding to positions within 3 minutes before or after any high impact news release or speech, as that can be identified as excessive risk.
EAs are allowed if they follow our prohibited-strategy rules and are not sourced from third-party signals. Please see our prohibited trading practices here.
Copy trading is allowed between your own accounts within Audacity Capital. Copying from an external account is allowed only if the account belongs to you. Third-party copying is not permitted.
Select Program:
Select Account Size
phase 1
Max Drawdown
$750
Based on Initial Balance
Total Loss 15%
Daily loss: 7.5%
Profit Target
$500
Based on Balance
Target : 10%
phase 2
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
$250
Based on Balance
Target : 5%
live
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
More than 10%
Less than 10%
Challenge
Designed to reduce stress by removing deadlines đ Unlimited trading period for Challenge, Verification and Live stages.
1st and 2nd Steps:
You only need to trade on 4 different days. A trading day is defined as a day when at least one position is opened.
Live account:
No minimum trading days
The Daily Drawdown resets every day at midnight (MT5 server time â GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the accountâs balance or equity at rollover, whichever is higher.
Your equity cannot fall by more than 7.5% (5% for the 2nd step and live stage) in a single trading day. Once the day resets, a new limit is set based on your updated balance or equity, following a static-based model.
Example:
Account balance at rollover: $120,000
Daily Drawdown (7.5%) â $9,000 â Equity must not fall below $111,000 that day.
If equity or the balance rises to $130,000 by the next rollover, the new daily drawdown will be $9,750 (7.5% of 130,000).
The Absolute Drawdown (Maximum Drawdown) is 15% (or 10% for the 2nd step and live stage) of the initial account balance and remains fixed throughout the challenge.
If either the daily or absolute drawdown is breached, the account will be terminated.
Example: Account balance: $120,000
Absolute Drawdown (15%) â $18,000 â The account will be closed if equity drops below $102,000.
The profit target is 10% on the Challenge stage and 5% on the Verification stage. Achieving these targets while following the rules will qualify you for a Live account
Profit sharing starts at 75%, you can reach up to 90% with consistent performances in line with our scaling plan.
Once on Live stage, traders can request withdrawals biweekly (every 14 days). After the request is approved, traders will receive the profit share in their wallet on the same day.
Once traders earn a payout, they'll be eligible for a Reward Bonus equal to the initial registration fee. This will be included with the first payout from the Ability Live.
Not anymore
You may hold trades over the weekend and trade during news events. Simply avoid opening, closing or adding to positions within 3 minutes before or after any high impact news release or speech, as that can be identified as excessive risk.
EAs are allowed if they follow our prohibited-strategy rules and are not sourced from third-party signals. Please see our prohibited trading practices here.
Copy trading is allowed between your own accounts within Audacity Capital. Copying from an external account is allowed only if the account belongs to you. Third-party copying is not permitted.
Select Program:
Select Account Size
phase 1
Max Drawdown
$750
Based on Initial Balance
Total Loss 15%
Daily loss: 7.5%
Profit Target
$500
Based on Balance
Target : 10%
phase 2
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
$250
Based on Balance
Target : 5%
live
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
More than 10%
Less than 10%
Designed to reduce stress by removing deadlines đ Unlimited trading period for Challenge, Verification and Live stages.
1st and 2nd Steps:
You only need to trade on 4 different days. A trading day is defined as a day when at least one position is opened.
Live account:
No minimum trading days
The Daily Drawdown resets every day at midnight (MT5 server time â GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the accountâs balance or equity at rollover, whichever is higher.
Your equity cannot fall by more than 7.5% (5% for the 2nd step and live stage) in a single trading day. Once the day resets, a new limit is set based on your updated balance or equity, following a static-based model.
Example:
Account balance at rollover: $120,000
Daily Drawdown (7.5%) â $9,000 â Equity must not fall below $111,000 that day.
If equity or the balance rises to $130,000 by the next rollover, the new daily drawdown will be $9,750 (7.5% of 130,000).
The Absolute Drawdown (Maximum Drawdown) is 15% (or 10% for the 2nd step and live stage) of the initial account balance and remains fixed throughout the challenge.
If either the daily or absolute drawdown is breached, the account will be terminated.
Example: Account balance: $120,000
Absolute Drawdown (15%) â $18,000 â The account will be closed if equity drops below $102,000.
The profit target is 10% on the Challenge stage and 5% on the Verification stage. Achieving these targets while following the rules will qualify you for a Live account
Profit sharing starts at 75%, you can reach up to 90% with consistent performances in line with our scaling plan.
Once on Live stage, traders can request withdrawals biweekly (every 14 days). After the request is approved, traders will receive the profit share in their wallet on the same day.
Once traders earn a payout, they'll be eligible for a Reward Bonus equal to the initial registration fee. This will be included with the first payout from the Ability Live.
Not anymore
You may hold trades over the weekend and trade during news events. Simply avoid opening, closing or adding to positions within 3 minutes before or after any high impact news release or speech, as that can be identified as excessive risk.
EAs are allowed if they follow our prohibited-strategy rules and are not sourced from third-party signals. Please see our prohibited trading practices here.
Copy trading is allowed between your own accounts within Audacity Capital. Copying from an external account is allowed only if the account belongs to you. Third-party copying is not permitted.
Select Program:
Select Account Size
phase 1
Max Drawdown
$750
Based on Initial Balance
Total Loss 15%
Daily loss: 7.5%
Profit Target
$500
Based on Balance
Target : 10%
phase 2
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
$250
Based on Balance
Target : 5%
live
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
More than 10%
Less than 10%
Designed to reduce stress by removing deadlines đ Unlimited trading period for Challenge, Verification and Live stages.
1st and 2nd Steps:
You only need to trade on 4 different days. A trading day is defined as a day when at least one position is opened.
Live account:
No minimum trading days
The Daily Drawdown resets every day at midnight (MT5 server time â GMT+2 / GMT+3 depending on Daylight Saving Time).
It is calculated as 7.5% (5% for Verification and live stage) of the accountâs balance or equity at rollover, whichever is higher.
Your equity cannot fall by more than 7.5% (5% for the 2nd step and live stage) in a single trading day. Once the day resets, a new limit is set based on your updated balance or equity, following a static-based model.
Example:
Account balance at rollover: $120,000
Daily Drawdown (7.5%) â $9,000 â Equity must not fall below $111,000 that day.
If equity or the balance rises to $130,000 by the next rollover, the new daily drawdown will be $9,750 (7.5% of 130,000).
The Absolute Drawdown (Maximum Drawdown) is 15% (or 10% for the 2nd step and live stage) of the initial account balance and remains fixed throughout the challenge.
If either the daily or absolute drawdown is breached, the account will be terminated.
Example: Account balance: $120,000
Absolute Drawdown (15%) â $18,000 â The account will be closed if equity drops below $102,000.
The profit target is 10% on the Challenge stage and 5% on the Verification stage. Achieving these targets while following the rules will qualify you for a Live account
Profit sharing starts at 75%, you can reach up to 90% with consistent performances in line with our scaling plan.
Once on Live stage, traders can request withdrawals biweekly (every 14 days). After the request is approved, traders will receive the profit share in their wallet on the same day.
Once traders earn a payout, they'll be eligible for a Reward Bonus equal to the initial registration fee. This will be included with the first payout from the Ability Live.
Not anymore
You may hold trades over the weekend and trade during news events. Simply avoid opening, closing or adding to positions within 3 minutes before or after any high impact news release or speech, as that can be identified as excessive risk.
EAs are allowed if they follow our prohibited-strategy rules and are not sourced from third-party signals. Please see our prohibited trading practices here.
Copy trading is allowed between your own accounts within Audacity Capital. Copying from an external account is allowed only if the account belongs to you. Third-party copying is not permitted.
Select Program:
Select Account Size
phase 1
Max Drawdown
$750
Based on Initial Balance
Total Loss 15%
Daily loss: 7.5%
Profit Target
$500
Based on Balance
Target : 10%
phase 2
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
$250
Based on Balance
Target : 5%
live
Max Drawdown
$500
Based on Initial Balance
Total Loss 10%
Daily loss: 5%
Profit Target
More than 10%
Less than 10%
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