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From Coal Mines to $11,700 Payouts: One Trader's Journey to Financial Freedom

Post Excerpt: Discover how a single father and former plumber turned his trading game around to secure a $11,700 payout. Delve into his unique journey from the depths of coal mines to the peaks of the Forex market, revealing the strategy and mindset that led to his success.

Tell Us About Yourself, Aaron

I’m 34, live in Australia Qld. Currently, I work as an Underground Heavy Machinery Operator in a coal mine. I wasn’t always a coal miner; I worked as a plumber beforehand for 18 years. Currently, I’m a single father and have a 4-year-old son whom I want to be home for, so that is why I’m taking my trading very seriously so that I can be home with him. I have been trading the Forex Market for almost 9 years now; I had a lot of ups and downs along my journey to now becoming consistently profitable.

What motivated you to start trading?

What really motivated me to start trading would go back about 9 years ago. I was involved in a network marketing company, and I learnt about the 4 ways you make money through a book called the Cash Flow Quadrant by Robert Kiyosaki. It was then I realised working a JOB, aka (Just Over Broke), wasn’t going to get me to where I wanted to be financially, so I took the journey on finding out how I could get on the other side of the Quadrant, and that’s when I found the Entrepreneur lifestyle was for me.

How long have you been engaged in trading?

Around 9 years now.

Why did you choose to trade with Top One Trader over other firms?

I love the support Top One provide and the transparency they have with giving regular updates to the community. It’s just like being in a big family where everyone helps each other out to achieve success.

Could you detail the core components of your trading strategy & how they've contributed to your success?

With my trading strategy, I like to mark out my charts from the higher time frames, etc., weekly and mark out critical points in the market using weekly channels. From there, I can see the bigger picture of the market. From there, I look at which direction the market is heading long term by using market structure, marking my Higher Highs and Higher lows for an uptrend, and Lower Lows and Lower Highs for a downtrend. I then drop down the time frames from the weekly to lower time frames and mark out Liquidity zones. It’s a strategy I have discovered myself from doing countless hours of backtesting. This finds my key areas to take high-probability trades from. Once I have located my area of interest, I use a 9 confirmation rule-based system I designed and put together to enter a trade. The 9-based ruled system happens on the 15-minute chart and it happens every day on every pair, so there are plenty of opportunities to enter a trade. I then incorporate my risk management and calculate my lot size and percentage of risk before I place a trade, which will give me my stop loss and take profit areas. Once my trade reaches 40 pips profit, I move my position to breakeven to secure my trade at risk-free.

Every trader faces setbacks. Can you share a significant challenge you encountered throughout your trading career and how you overcame it?

For me, my setback would be not sticking to my rules even though I knew they were profitable. I felt like I had to be in every trade the setup, but this wasn’t the case. I just need to be patient and not hop in every trade that presented itself. The other problem I had was holding trades far too long. Some trades I entered, I would be 50 to 60 pips in profit, and my target was 100 pips to 150 pips, and what ended up happening as I wouldn’t take any partials. I would either set my trade and go back to breakeven and make nothing, or my trade would hit my stop loss then head the direction I had marked out in the first place. So, I guess greed and the fear of missing out were my main challenges and trading too many Assets.

What has been your most profitable trade to date?

The payout I got today has been my biggest payout on a Profirm.

Trading can be as much a mental game as strategic. Which mental or psychological strengths do you consider vital for trading, and how have you developed them?

Having a rules-based system I follow to take all my emotions out of the trading has been a game-changer for me. Less stress and trust my analysis.

How has your experience been with the Top One Trader team, from support interactions to the resources provided?

The Top One Team has been very transparent with everything, from giving regular updates in the Discord community to sharing trade ideas in the Telegram channel with Clay. So, I would say from my personal experience, a very professional company to work with who cares about their people.

What would you say to someone who is considering but hesitant to start trading with Top One Trader?

If you’re looking for a Prop Firm to set yourself up to become a full-time trader or even part-time, don’t hesitate. Top One is the most transparent proprietary companies out there, and they only want to see you reaching your goals.

Based on your experiences, what key piece of advice would you offer to someone just beginning their trading journey?

Back test the charts and mark out charts on higher time frames to find major sell areas and buy areas. That way, you get a bigger understanding of which way the market is heading long term. Study risk management and adhere to it. Understand that banks manipulate the market, so find out where they manipulate it, react to their reactions, study Candlestick patterns. There are some very powerful candles patterns I discovered that can get you almost 0 drawdown entries if you use them correctly. Master 1 or 2 pairs and wait for your setups. Look back over your profitable trades and study what you did, and take notes on that trade, and if you like, you can journal them. Don’t overthink; just look at the market and find what works for you.

Takeaways

  • Discipline and Patience: Key to navigating the volatile waters of Forex trading, underscoring the importance of sticking to a well-tested strategy.
  • Strategic Analysis: The combination of high-level market overview and granular, rule-based tactics for entry points illustrates the depth of analysis required for successful trading.
  • Psychological Resilience: Emphasizes the mental strength needed to handle the ups and downs of trading, suggesting the adoption of rule-based systems to mitigate emotional decision-making.
  • Community Support: Highlights the benefits of trading with a firm that provides a supportive community and transparent communication, contributing significantly to trader success.
  • Education and Risk Management: Urges new traders to deeply understand market mechanics, emphasizing backtesting, risk management, and specialization in specific currency pairs.

This interview not only showcases the trader’s achievements but also serves as a beacon for aspiring traders, illustrating that with the right approach, tools, and mindset, trading can indeed fulfill both financial and personal goals.

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*Profitable trading day is equal to 0.5% of starting balance

 

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2-Step "PRO" Challenge

*Standard gain share of 80% can be increased to 90% with add-on purchase. 

*Leverage: FX 50:1, Metals 10:1, Oils and Indices 10:1,  Cryptocurrencies 2:1

*Profitable trading day is equal to 0.5% of starting balance

$10,000

$12,500

$137

$82

100% Refundable Fee

Code: SPRING40 Copied!

$25,000

$31,250

$275

$165

100% Refundable Fee

Code: SPRING40 Copied!

$50,000

$62,500

$378

$227

100% Refundable Fee

Code: SPRING40 Copied!

$100,000

$125,00

$627

$376

100% Refundable Fee

Code: SPRING40 Copied!

$200,000

$250,000

$1,206

$723

100% Refundable Fee

Code: SPRING40 Copied!
1-STEP CHALLENGE
2-STEP CHALLENGE

1-Step "FLASH" Challenge

*Standard gain share of 75% can be increased to 90% with add-on purchase. 

*Profitable trading day is equal to 0.5% of starting balance

$10,000

$12,500

$137

$82

Code: SPRING40 Copied!

$25,000

$31,250

$275

$165

Code: SPRING40 Copied!

$50,000

$62,500

$378

$227

Code: SPRING40 Copied!

$100,000

$125,000

$627

$376

Code: SPRING40 Copied!

$200,000

$250,000

$1,206

$723

Code: SPRING40 Copied!

2-Step "PRO" Challenge

*Standard gain share of 80% can be increased to 90% with add-on purchase. 

*Leverage: FX 50:1, Metals 10:1, Oils and Indices 10:1,  Cryptocurrencies 2:1

*Profitable trading day is equal to 0.5% of starting balance

$10,000

$12,500

$137

$82

Code: SPRING40 Copied!

$25,000

$31,500

$275

$165

Code: SPRING40 Copied!

$50,000

$62,500

$378

$227

Code: SPRING40 Copied!

$100,000

$125,000

$627

$376

Code: SPRING40 Copied!

$200,000

$250,000

$1,206

$723

Code: SPRING40 Copied!