Meet Fabio Pfeifhofer, a determined and disciplined trader who has successfully passed the Futures Executive challenge with flying colours, showcasing his ability to make calculated and profitable trades in futures trading. In this interview, Fabio shares with us his experience and highlights the importance of patience in achieving his trading goals. His success story inspires traders everywhere willing to put in the hard work and dedication needed to achieve their goals.
1. Tell us a little bit about you.
My name is Fabio, and I dream of becoming a full-time trader. By joining The Trading Pit, I can achieve my goals that I never thought were possible. The Trading Pit’s support gave me the resources and knowledge to succeed and become a better trader.
2. How long have you been trading?
I have been trading for three years now. During this time, I became interested in the stock market and the possibilities that trading presented. As a result, I spent a lot of time studying and learning about the markets. My trading journey reached new heights a year ago when I began training with The Trading Pit’s partner, Marcus Schultz, founder and managing director of volume-Trader. As a trading professional, Marcus brought a lot of knowledge and experience to my learning, which helped me become a better trader.
3. What inspires you to pursue trading?
My involvement with trading has been a long-standing passion. The possibilities the markets offer are fascinating, and I have always been intrigued by the world of finance and investing. Trading is not only financially rewarding, but it also helps you gain personal growth and discipline, which inspires me to pursue a career in trading.
4. Do you have a trading plan in place and follow it strictly? Briefly describe your Trading Plan
Trading is a process that takes over several years to become successful. You can’t expect to get rich overnight. You must see the big picture and have an understanding of the market. I strictly follow a risk management plan where I do not go more than 2 trades in a row into the negative. This rule helps me maintain a disciplined approach to trading, preventing me from making impulsive decisions or taking too much risk.
5. What was your strategy to successfully pass The Trading Pit Challenge?
I focus on trading VIP points and deviation/VWAP. It’s a strategy I am familiar with that focuses on identifying potential support and resistance areas in the market. Before I trade, I always wait for the market to retest.
6. How would you rate your experience with The Trading Pit?
The Trading Pit’s team are experienced professionals who have provided timely and accurate advice to help me make informed decisions. They also offer fair trading conditions in their trading environment, which has earned my trust to continue trading with them.
7. Why you chose The Trading Pit and not another prop firm?
I chose The Trading Pit partly due to my relationship with Marcus Schulz, partner of The Trading Pit, who shared with me his great experiences with the firm. I’ve also found the conditions offered by The Trading Pit to be top-notch.
8. What would you like to say to other traders attempting The Trading Pit Challenge?
I advise other traders to stay patient. When taking on a Trading Pit Challenge, taking longer than 30 days to complete, if necessary, is acceptable. However, by being patient and not rushing through the challenge, traders can gain a deeper understanding of the markets and develop more effective trading strategies.
9. Describe your best trade.
My best trade was when I identified a trend reversal opportunity where the market had reached the VIP point, which it had tested 1.2 times and was immediately rejected. This indicated that the market was likely to reverse its downward trend. I also observed two other factors, a TDS signal and a deviation, further supporting the potential trend reversal. So, I took a trade to capitalise on this anticipated trend reversal.
10. What is the number one advice you would give to a new trader?
Trading is a continuous learning process that requires discipline, patience, and the ability to manage winning and losing trades. However, you will reach your goal if you strictly follow the rules and do not show emotions.
11. What does your risk management plan look like?
It’s essential to have a trading plan in place to manage your risk and avoid overtrading. If I take two losing trades in a day, I stop trading for the day and continue the next day. I Never get into overtrading!
12. What would you recommend to someone just starting with us?
If someone is considering using the services of The Trading Pit, it can be a good idea to contact them to learn more about their services and better understand their goals and values.
13. Share online resources that were/are significant in your trading development. Names and links are appreciated.
I use investing.com, a popular resource and helpful tool for traders and investors looking for a comprehensive and reliable source of information and analysis on the financial markets.
14. What made you trust The Trading Pit for your trading career?
I trusted The Trading Pit as my career choice since they have a unique approach of allowing traders to access strategies and education led by experienced professionals. There were no similar providers that offered this service. This is a game-changer!
