Fidelcrest Exclusive Mustafa Elan’s trading journey to success. Learn valuable insights in an inspiring interview with Fidelcrest.
In a recent interview, Mustafa Elan, a seasoned trader based in Istanbul, shared his journey to profitability and trading success. Elan owns a dental clinic, has been trading in the stock market for over a decade, and ventured into cryptocurrencies last year. His story of resilience and determination serves as an inspiration to aspiring traders.
Elan admitted that his initial foray into trading was met with significant losses, leading him to reassess his approach. He delved into extensive self-education, reading books, watching YouTube videos, and attending interviews. It took him one to two years to become profitable. Considering his experiences in the stock market and cryptocurrency trading, it took him five years to achieve consistent profits.
When asked about his trading style, Elan revealed that he experimented with various strategies before settling on a more straightforward approach. He uses Bollinger Bands, RSI, and MFI indicators to guide his trades. The managing risk proved to be a challenging aspect of his trading journey. He emphasized the importance of psychological discipline, urging fellow traders to avoid revenge trading and to maintain a calm mindset.
Elan’s success story intertwines with his experience with prop firms. After numerous disappointments, he found Fidelcrest, a platform that stood out due to its transparency and lack of hidden fees. He started with a 15,000 regular account but quickly moved up to a 60,000 standard account to better manage his trades and control his daily drawdown.
In closing, Elan shared two critical pieces of advice for fellow traders. First, he emphasized the significance of persistence, stating that continuous effort leads to improvement and better trading outcomes. Second, he warned against revenge trading, urging traders to stay calm and step away from the screen during challenging moments.
Mustafa Elan’s story is a testament to the power of education, perseverance, and finding the right platform to support one’s trading journey.