Since becoming part of the BabyPips community a decade ago, he has always been open about sharing his unique trading style. Wanna know what that is? Well, he never uses stop losses, except to lock in profits. He even created a thread entitled Rrram² Fx Fitness Journal to share how he makes this strategy work for him.
Apart from this, he was also the OP of the much talked about thread Trading is easy! don't over complicate it! where he gives beginners his tips and tricks to become self-reliant traders.
Today, we get to know more about his trading journey and how this unconventional, yet effective strategy has brought him success.
Without further ado, we give you @rrram2!
1. Tell us something more about yourself. What are your hobbies and interests, etc.?
OUTSIDE OF TRADING, I don’t really have much interest in anything else. I like eating, sleeping, driving fast and trading.
2. How were you introduced to forex? What resources did you use to learn how to trade?
My uncle was the one who introduced me to forex trading, about 25 years ago. I learned to trade from my dad and my uncle at first. I also really liked and learned loads from Raghee Horner and Henry Liu.
3. You are the OP of a controversial thread “Trading is easy, don’t overcomplicate it!” If forex trading is so easy, why do you think majority of newbie traders find it difficult to be profitable?
This is quite simple. Most of what is taught in trading is of the retail mind set. Retail Traders (RT) are taught to buy on breakouts at the tops and bottoms. This doesn’t work well in the long run. After everyone has bought, that is not when you start buying!
Trading is hard because most traders are taught a pile of lies about trading to make it easier for the market makers, LP’s and banks to take their $. At the point where RT’s are entering the bank is exiting and vice versa. The RT’s main errors are: buying high and selling low, not staying in the market, overleveraging, using large lot sizes and tight stop losses and, using stop losses to realize losses. Stop losses are best used to lock in profits with a trailing stop (TS).
4. When would you say a trader is “successful”? Do you consider yourself one?
Successful in forex = profitable.
I am of course successful and very profitable
5. What are the 3 most important things to remember if you want to make a living out of forex trading?
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Never use a stop loss to realize a loss. If you need a SL to realize a loss, you entry is either bad or your exit is too early.
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Do not overleverage! Overleverage often is driven by greed, and will kill your account dead quickly! Best is to slice orders up and use small orders and wide spaces between the entries.
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Never enter a trend, and trade with the trend after price has been trending for 200-300 pips in your intended direction. Focus on the longer term trends, but ideally you want to get in at the significant levels where the reversals typically occur on the long term. Even though every reversaL HAS TO REVERSE ON THE 1m FIRST, IT’S BEST TO TRADE 4h OR DAILY OR EVEN WEEKLY REVERSALS!
6. A stop loss has always been a very important part of each trade as it primarily helps traders minimize their losses. However, you’ve shared in the past that your strategy involves opening positions without any stop losses. How do you make such an unconventional approach work for you?
I NEVER use stop losses except to lock in profits.
A stop loss is important if you need to realize a loss, but you should not accept losses! Losses are caused by bad entries, overleveraging, and not being patient. If you feel the need to use a stop loss then your confidence in the trade is very small, don’t trade if you have no confidence in a trade!
7. What was the biggest challenge brought about by your trading strategy and how did you deal with it?
The biggest challenge has been DD (drawdown). Most teach that DD is bad, but that’s really a big fat lie! DD is risk on, the more risk on you have the more orders you have that can possibly be closed in profit.
DD is like a mortgage, it sucks psychologically, but think of it as a mortgage. The key is small lot sizes lots of orders and wide spaces between orders, and much patience! A mortgage in the long run, ALWAYS beats paying rent.
8. What’s your most memorable trade so far? What made it so special?
I have so few losses that I more relish losses now. none of my trades are that memorable. Key is small profits, not hitting a grand slam. Lots of small profits are way better than striking out 99 times for every grand slam you hit.
9. Non-forex related questions! If you could have personally witnessed anything, what would you want to have seen?
I would like to see the world turn (spin). The spinning ball story is also a lie! If you imagine you are spinning, it will likely make you trade like you are dizzy. Get off the imaginary spinning ball, and trade like a non dizzy trader 
10. If you could go back in time and leave a message for your younger self, what would you tell him?
This is a tough one, but I would have told myself the truth long ago and explained that time is a psychological illusion. Humans think one thought at a time, so all thoughts are in order one after the other.
Time is important in the markets and you need to put some bigger spaces in time in your trading to allow your trades some time to mature and move!
