Bobo's Trading Journey

Overview

This article summarizes an interview with a Nigerian trader who successfully achieved a $15,000 profit target on a funded trading account with Audacity Capital.

After transitioning from a career in the oil and gas industry, he rebuilt his professional life through disciplined Forex trading. His journey reflects resilience, continuous learning, and strong commitment to risk management and emotional control.

The interview explores his background, trading strategy, challenges, and future ambitions as a funded trader.

Background and Trading Journey

Professional Background

Before trading, the trader spent 12 years working in Nigeria’s oil and gas sector. The global oil recession in 2016 led to widespread layoffs, forcing him to seek alternative income sources.

After losing his job, he:

• Attempted to run a personal business
• Faced financial difficulties
• Looked for new career opportunities

Entry into Trading

In 2019, a friend introduced him to Forex trading using Expert Advisors (EAs). He invested approximately $50,000 but lost the entire amount within three months.

This major loss became a turning point, motivating him to pursue proper trading education.

Formal Learning Phase

In 2020, he joined a Forex trading academy run by a former schoolmate. There, he learned:

• Market fundamentals
• Technical analysis
• Trading psychology
• Risk management principles

Despite this, he struggled with revenge trading and emotional decisions throughout 2020 and 2021.

Transition to Funded Trading

By 2022, he had developed better discipline and risk awareness. He joined Audacity Capital in October/November 2022, marking a major shift in his trading career.

Today, he manages:

• A personal trading account
• A funded account with Audacity Capital

He has also tested other prop firms but prefers Audacity due to its structure and support.

Trading Strategy and Approach

Market Selection

The trader does not specialize in a single currency pair. Instead, he trades multiple Forex pairs based on market conditions and setups.

Technical Framework

His strategy combines indicators with price action, including:

• Pivot Points (leading indicator)
• 200-period moving average
• 15-period moving average
• Previous day’s high and low
• Central Pivot Range (CPR)

Timeframe Analysis

He uses multiple timeframes for confirmation:

• 1-hour chart for trend direction
• 30-minute chart for trade setup
• Lower timeframes for entries

Trade Execution

Key entry criteria include:

• Price position relative to moving averages
• CPR alignment
• Breakout of previous day’s high (bullish bias)
• Breakout of previous day’s low (bearish bias)

He is primarily an intraday trader and rarely holds trades for more than three hours.

Money and Risk Management

Early Challenges

During his early years, he struggled with:

• Overtrading
• Emotional decisions
• Poor position sizing
• Large drawdowns

Improved Risk Discipline

After joining Audacity Capital, he adopted strict money management rules:

• Fixed lot sizes
• Maximum loss per trade
• Daily and overall drawdown limits
• Mandatory stop losses

These practices became habitual and significantly improved his consistency.

Consistency Across Accounts

He applies the same risk principles to:

• Funded accounts
• Personal accounts

He believes disciplined risk management is the foundation of long-term success.

Challenges and Areas for Improvement

Trade Exit Timing

His main weakness is exiting trades too early. He often:

• Closes winning trades prematurely
• Misses extended price movements

Emotional Barriers

At times, he exits trades at a loss only to see price reverse in his favor. This reflects lingering fear of loss.

He estimates that he has overcome about 80% of this fear and continues working on:

• Patience
• Trust in analysis
• Emotional stability

Ongoing Development

He recognizes that emotional control and risk discipline are lifelong learning processes.

Current Status and Future Plans

Present Situation

Currently, he:

• Trades a $15,000 funded account
• Has not yet upgraded to $30,000
• Has not received payouts due to banking restrictions linked to national elections

Planned Solutions

To resolve payment issues, he plans to:

• Open a Wise account
• Improve payment processing
• Enable faster upgrades

Future Goals

His goals include:

• Securing regular payouts
• Scaling to $30,000 and beyond
• Continuing funded trading
• Participating in follow-up interviews after new milestones

He remains confident and satisfied with his progress.

Key Insights and Lessons

• Career transitions require patience and learning
• Large losses can become powerful motivators
• Education is essential for long-term success
• Multi-timeframe confirmation improves accuracy
• Risk management is more important than strategy
• Emotional discipline determines sustainability
• Prop firms reduce personal financial risk
• Community and mentorship accelerate growth

Timeline of Trading Journey

Conclusion

This trader’s journey from the oil and gas industry to funded Forex trading illustrates the power of persistence, education, and structured discipline.

After suffering significant early losses, he rebuilt his career by focusing on proper learning, technical development, and strict risk management. His experience with Audacity Capital provided the structure and support necessary for consistent improvement.

His story reinforces that professional trading success is not achieved through shortcuts, but through patience, emotional control, and continuous refinement.

For aspiring traders, his journey serves as strong evidence that setbacks can become stepping stones when combined with commitment and disciplined execution.