Trader interview with Sugio (DARWIN $JZH)
If you filter the “All DARWINS” section on our site by return, DARWIN $JZH will certainly catch your eye: on top of being one of the few DARWINS yielding +100% return in the last 2 years, it is featured as one of the “Trending DARWINS” and one of the “Top Invested” DARWINS on our platform. Impressive!
So, tell us a little about yourself. How did you get started and how long have you been trading for?
My name is Sugio and I am 32 years old. The reason I started with trading is because of the many possibilities which you can have as a trader. I’m a person who doesn’t like to work for a boss. I’ve always wanted to do something where I don’t have to depend on customers or suppliers, so for me trading is a good solution and I have been doing it for two and a half years now.
About your trading strategy: what pairs do you usually trade? Do you always trade the same timeframes?
Currently I’m trading 27 different pairs, which are based on the currency pairs of EUR, GBP, USD, CAD, JPY, AUD, NZD and CHF (if you want to see the list with all the currency pairs you can contact me). I do not use the same timeframes when I’m trading, because chances depend on the market situation. I always combine fundamental and technical factors, but I have learned that price movement are very important. I have noticed that prices turn around at a certain point, you can call this a resistance and support level.
As a trader, what would you say is your greatest strength?
In my opinion my biggest strengths are patience and having faith in my own created trading plan and strategy, which I have worked hard on. For me, trading without a plan is like going to a casino to gamble, because when you’re trading you have to deal with a lot of risk and sometimes the market is not running the way you anticipated. But I’ve learned that if you stick to your plan, eventually you will make a profit.
And your biggest weakness?
My biggest weakness was fear, but I think that is normal at the beginning. With trading you have a risk of losing money and nobody likes losing their money. What I’ve learned is that I shouldn’t think about the little losses, but rather focus on the bigger picture and now fear is not a problem anymore. The way I trade now is a little greed based, which I don’t see as a weakness, because it works for me. But I don’t want the greed to grow, because then it will become a weakness.
Our algos tell you are very good at when it comes to Timing (specifically, your ability to close trades at the right time) & Performance. Any ideas for other traders who need to improve on those attributes?
I have learned to read the price movement in the H1 chart, H4 chart, D1 chart and also the W1 chart. What I’m trying to say is that you should look further than only one chart. So eventually you know more about the price movements in one hour, four hours or even the day. For me that’s a very important thing, because I have learned that prices do not continuously go higher or lower. It has to turn around first, before the prices can shift again
What is the most important lesson you have learnt in your trading career?
My biggest lesson was conquering fear. I achieved this by not thinking about the money. Another thing I’ve learned was to create a trading plan that suited me, that was my way of growing in this game. Keep track of what works for you and what doesn’t in your plan, learn from your mistakes and try to not make the same mistakes again.
For me trading is like learning to walk. At the beginning it’s difficult and hard, you can fall face down and lose your money, but you have to get up again. By doing it over and over again and not being afraid of falling, eventually you will succeed and actually end up running.
Finally, any comment you’d like to share with the fellow traders who read this?
I find great pleasure in being a part of this adventure in trading. I’m passionate about it and I love to compete with other traders.
I know there are many traders in Darwinex who have their own strengths and weaknesses, just like me.
To all the other traders who have to overcome struggles, never give up. Try experimenting with your own strategies a lot, do it over and over again until it works. Just think of it as learning to walk. Try to find your own way and your own strategy, don’t stop until it works for you.
As for others, congratulations! Be careful with the market, sometimes the market can be unpredictable.
Thank you for reading – let’s gain more pips and beat the market!