Duc's Trading Journey

Summary

Duc, a full-time trader who recently celebrated a $16,000 payout from trading with Audacity Capital. Duc shares his trading journey, strategies, and mindset, offering valuable insights into the challenges and disciplines necessary for consistent profitability.

Key Highlights

• Trading Experience: Duc has been trading since 2017, starting with cryptocurrency, specifically during the Bitconnect pyramid scheme period where he initially suffered significant losses.
• Learning and Adaptation: After losses, Duc committed to studying price action, market movements, and various indicators (MACD, RSI). He now primarily uses the ICT (Inner Circle Trader) methodology, focusing on market structure and price action rather than relying heavily on traditional indicators.
• Asset Focus: Initially traded crypto, gold, and AUD/USD pairs. Currently trades only gold, using intraday strategies due to personal preferences and stamina.
• Risk Management: Early on, Duc traded with little regard for risk percentage, sometimes risking large sums relative to his account. Over time, he learned to adjust position sizes and cut losses quickly to protect his capital.
• Trading Style: Intraday trader who closes positions before the end of the day. Avoids trading during sideways markets or consolidation to prevent emotional damage and loss of focus.
• Psychological Discipline: Duc emphasizes emotional control and self-forgiveness as critical to trading success. He stresses the importance of not dwelling on mistakes and staying focused on the present market conditions.
• Fundamental Analysis: Avoids trading during major news releases, recognizing these moments as highly volatile and akin to gambling.
• Daily Routine: Starts the day by checking gaps, overnight price action, and news. Uses TradingView for charting and heavily invests time in back testing (notably tested over 76,000 candles).
• Trading Tools: Prefers using a computer over mobile devices for trading and analysis due to screen size and functionality. Does not use Expert Advisors or automated tools, placing orders manually.
• Trading Philosophy: Advocates that sometimes the best trade is no trade, aligning with the idea of patience and discipline in trading.
• Future Plans: Plans to save profits and eventually purchase his own home, reflecting a long-term financial goal beyond trading profits.
• Attitude Toward Profits: Prefers to keep profits in the bank for steady income rather than making immediate purchases.

Audacity Capital Empowering Traders Since 2012

Join the Prop Firm

Audacity Capital Empowering Traders Since 2012

Join the Prop Firm

Timeline of Duc’s Trading Journey

Core Concepts and Strategies

Funded Trader Program

Funded Trader Program

Funded Trader Program

Funded Trader Program

Psychological Insights

• Forgiveness and Emotional Control: Duc highlights the importance of forgiving oneself after bad trades to avoid carrying negative emotions into subsequent trading days.
• Staying Present: He emphasizes living in the moment rather than dwelling on past mistakes, which is crucial both psychologically and technically.
• Avoiding Over-freedom: Duc warns against having too much free time, as it may lead to making poor trading decisions or distractions.

Advice for New Traders

• Use a proper setup, preferably a computer, to analyze charts and place trades.
• Prioritize discipline and emotional control over relying solely on indicators.
• Study and practice consistently, including extensive back testing.
• Recognize when not to trade, especially during high-impact news events or unclear market conditions.
• Understand that trading is a job requiring focus and structure, not casual speculation.

Quantitative Data

Audacity's Prop Firm Challenge

Free Prop Firm Challenge

Audacity's Prop Firm Challenge

Free Prop Firm Challenge

Conclusion

Duc’s trading story is marked by perseverance, continuous learning, and psychological growth. His success with Audacity Capital highlights the significance of disciplined risk management, emotional intelligence, and strategic market engagement. His emphasis on staying present, avoiding impulsive trades during news, and thorough preparation establishes a strong foundation for sustainable trading profitability. Duc serves as a credible example for aspiring traders aiming to transition into full-time trading careers while maintaining balance and long-term financial goals.

Key takeaway

Trading success is not only about technical skills but equally about emotional resilience, discipline, and adapting strategies to changing market conditions.

Certification