Today, we are excited to share the inspiring story of Shamlo, a 25-year-old trader from Iraq, who has combined discipline, patience, and determination to succeed in the world of funded trading.
Background
Shamlo’s professional background is in programming, but in 2023 he ventured into trading after being introduced to the Forex market by his friends. He started small with a personal account of $200 and quickly realized the importance of trading with sufficient capital. This insight led him to seek out funded trading opportunities, where he could focus on his strategy without risking personal savings.
Why The Trading Pit?
For Shamlo, joining The Trading Pit was a turning point. He was particularly drawn by our support for traders in Iraq, our transparency, and our reputation for reliability and trustworthiness. His very first trade with us was on gold with a $100,000 position, and he immediately noticed the benefit of our low spreads - something he values greatly as a trader.
Achievements with The Trading Pit
Shamlo’s dedication and discipline have paid off. To date, he has secured 7 payouts, making a total payout of $10,929 - a milestone that reflects both his consistency and his ability to manage risk effectively. This achievement stands as a strong example of what is possible with the right mindset and trading environment.
Trading Style and Discipline
When asked to describe himself as a funded trader in three words, Shamlo chose: patience, consistency, and discipline. These qualities are reflected in his daily routine:
He trades a maximum of one position per day, regardless of the outcome.
He sets a strict daily loss limit and respects it.
He emphasizes risk management as the cornerstone of long-term profitability.
His favorite instrument to trade is gold (XAU/USD), where he applies his disciplined approach with remarkable consistency.
Advice to Other Traders
Shamlo believes that risk management is the most important principle for any trader. He advises aspiring traders to:
“Having a clear strategy and proper risk management is the only way to remain profitable,” he says.
Looking Ahead
Shamlo is determined to continue growing with The Trading Pit, refining his strategy, and scaling his funded account. His long-term goal is to achieve sustainable growth while serving as an example to other traders in his region.
Watch the full interview below
