Febi’s Trader Interview
Tell us about your background
I was born in Jakarta, Indonesia and moved to Europe in my teens. I have lived in the Netherlands before moving to Sweden and completing my Undergraduate studies. I hold a bachelor’s degree in economics and master’s degree in finance from Jönköping International Business School. After graduation, I started my career as a research assistant to Professor Andreas Stephan at Jönköping International Business School. At the same time I was a teaching assistant in Corporate Finance. Ultimately, I received a full scholarship in the form of an employment as a PhD candidate in Financial Management at the school of business, economics and law at University of Gothenburg, Sweden. Last year, I decided to resign from my PhD since it wasn’t the right specialisation for me. This was my story before I decided to pursue a career as a full-time trader.
What motivated you to become a funded trader?
I have been interested in trading since I was in college and I took a crash course in technical analysis then. However, it wasn’t until last year during the start of COVID 19 outbreak that I started to depend my knowledge in trading through YouTube videos and began live trading on my own account. I don’t believe in the get rich quick mindset in trading. Given the risk that I am willing to take, I know that it will take some time until I can double or triple my own account through trading without leverage. On the other hand, becoming a funded trader means that I have better access to capital and an opportunity to double my capital faster when I accomplished a profit target. Besides, I want a track record that showcases my ability to trade as I progress through trading the live account and achieving the junior trader’s 6% target in the first year.
Why did you apply to Alphachain?
I wanted to develop my trading skills and learn from professional traders. I resonate with Alphachain’s approach to trading. Alphachain has a systematic trading approach to discretionary trading and put a considerable focus on the psychology of trading.
What has been your best performing day?
March is my best performing month so far, and I made most of my good trades from trading EUR crosses in March. My approach was mostly shorting EUR in March. Yet, my top 2 best performing days that I would like to share here is when I took advantage of EUR strength against USD. Firstly, on March 11th I applied my setup and long EUR/USD. In this trade, I took benefits of a temporary USD weakness due to US treasury yield retracement after its sharp hike in early March. Secondly, I took advantage of FOMC announcement on March 17th, when I applied my setup to long EUR/USD.
What have been your strengths while managing a funded account?
My strengths are my ability to comply with Alphachain’s risk management and stay level-headed in drawdown situations. Besides, I think I am pretty good at identifying good trading opportunities.
What has been your worst performing day and why?
My worst performing day is when I went into a trade assuming my customized settings (fixed to 0.01 LOT) were still there. However, the default setting of 1 LOT was in place and I accidentally went in with that. Realizing my mistake, I exited the trade as soon as possible with some technical difficulties. This resulted in my worst performing day since I started trading the live account at Alphachain.
What has been your weakness while managing a funded account?
Sometimes I can become very loss averse, and this is the major cause of losses since I manage a funded account. Nevertheless, I am working on this issue and I have become less loss averse these days.
What challenges have you faced?
The biggest challenges as I manage a funded account is to master my own psychology and the lack of interaction with colleagues during the current COVID-19 situation. I am however glad that there is a performance coach at Alphachain that gives excellent support in trading psychology and performance.
When do you feel stressed and why?
I feel stressed when I failed to plan my trading properly and this occasionally happens on Monday. This could lead to indecision, thus, causing anxiety and stress. To avoid this type of stress I try to improve my Sunday routines. And I always make sure to focus on the process and preparation before thinking about entering a trade.
Which benefit have you enjoyed the most at Alphachain and why?
The benefit I enjoyed the most from Alphachain is the daily webinars, e.g., I enjoy the daily market brief since it is a good source to cross check the market sentiment and important price levels of assets that I trade.
In addition, the teams are very supportive. It is always good to feel supported in this trading journey.
What areas are you looking to improve?
I am interested in improving my skill to trade naked charts.
Beyond that, I would also like to learn to automate my trading strategy as a hedge for my discretionary trading.
Where do you see yourself in a year’s time?
I would like to already hit the first 6% target by then and be able to gain 3% per month trading forex. In addition to forex I hope to trade cryptocurrency.
To complement my trading activities, I would also like to pursue writing on financial market in general and the crypto space specifically.