ET interview | The trader who sets the highest score record in a single transaction – Wei Xianfu

As the Eagle Trader exam proceeds, more and more traders have successfully entered the profit sharing stage, and the number of profit sharing applications continues to rise. To let more people know about Eagle
Trader’s real profit sharing situation, we regularly hold offline cash profit sharing activities to encourage more traders to participate.

In a recent profit-sharing application, we noticed that a trader set a record for the highest profit-sharing in a single trade. In order to better share his successful experience, we specially invited him to participate in the Eagle in Zhengzhou this month
Trader is an offline event, and first learn about the story behind him through online interviews.

Reasons for choosing EagleTrader

ET: Hello, Wei Xianfu trader, can you briefly introduce yourself?

Wei Xianfu: My name is Wei Xianfu. I am from Yancheng, Jiangsu. I entered A-shares in April 2015. It has been the 10th year since then. I have experienced the A-share financing mechanism in 2016. I have stepped on many pitfalls. I have devoted a lot of time, energy and money. This center is self-evident.

ET: How did you know about Eagle Trader? What is the reason for deciding to register for the exam?

Wei Xianfu: I saw a friend taking the exam in the foreign exchange chat group. Later, I carefully studied the rules. I thought it was quite challenging. So I signed up. I mainly wanted to pass Eagle
Trader’s strict risk control system is used to test its trading level. If it passes the assessment smoothly, it can also obtain 80-90% of the account profit. If it can be sustained and stable, there will be more attractive results.

ET: What do you think is the most attractive thing about Eagle Trader compared to other platforms?

Wei Xianfu: I think what attracts me the most is the reward mechanism, such as the Eagle Plan, the Medal Plan, and the fund manager. I think the development prospects are greater for me.

The highest score in a single transaction was $4,429

ET: How did you take the Eagle Trader exam? Have you encountered any special challenges or unforgettable experiences in the exam?

Wei Xianfu: The process was relatively smooth. The goal was completed in 3 days of the first exam. The unforgettable experience was that there was a one-day withdrawal of funds in the re-examination. I remember that it was Friday. I made 3 consecutive stop losses in gold. The account was about 2%. Later, I chose to shut down the computer and rest. I managed my emotions. Overall, it was quite smooth.

ET: How long did you take to pass the exam? What was your share when you first got the share?

Wei Xianfu: I completed the initial test + re-examination in 7 trading days, and then started to do the share account and submitted the share application for 30 natural days. The whole process is about 40 days. The exact number for the first time is 50979.98USD.

ET: YesDo you share your trading experience of getting the highest single profit after entering the profit sharing stage?

Wei Xianfu: On March 28, a long order from gold made a profit of US$4,429. I remember that the entry price at that time was 3039.8 and held it to around 3084 and made a profit. This order is still a relatively smooth transaction.

ET: Do you think the Eagle Trader’s profit sharing mechanism affects your trading strategies and decisions?

Wei Xianfu: This is not the case. I think the mechanism is very sound and I agree very much.

Risk control is more important than technology

ET: What trading strategies do you mainly adopt during the exam?

Wei Xianfu: Strategy is mainly based on the three types of buying and selling points of the Chaos Theory. In combination with the top and bottom classification, it is strictly implemented based on the principle of finding in and out at the secondary level in the large cycle.

ET: What are your unique insights and practical experiences in risk management that can be shared with us?

Wei Xianfu: I think risk control is more important than technology. The most difficult thing in trading is human nature. The weakness of human nature. Greed + fear. The feasible way to solve these two points is to stop profit and stop loss by stop profit and stop loss. Stop profit and stop loss solve your fear. So I will set stop profit and stop loss for every order.

ET: How do you balance risks and returns in the profit sharing stage?

Wei Xianfu: My single loss in the profit sharing stage is controlled within 1%.Profits must be at least equal to or greater than 1%. Strictly implement them. In this way, as long as my winning rate reaches more than 50%, I can make stable profits in the market.

ET: After taking the Eagle Trader exam, has your trading strategy or trading mentality changed?

Wei Xianfu: There has been no change in strategy. I feel more relaxed in mentality, because every order I have set a stop-profit and stop-loss. So I am still relatively relaxed in mentality.

ET: When facing losses, are there any skills to adjust your mindset?

Wei Xianfu: When facing losses, you must manage your emotions well. This is very important. I will choose to leave the market and do some exercise. Don’t pay too much attention to the gains and losses of the day. This market has never lacked opportunities. Tomorrow is a brand new day.

Reduce earnings expectations

ET: What do you think should be paid attention to in the Eagle Trader exam?

Wei Xianfu: What I think is to strictly abide by the examination rules, do a good job of risk control, and treat it with a normal mind.

ET: What suggestions do you have for candidates who want to enter the profit-dividing stage?

Wei Xianfu: For traders who enter the profit-dividing stage, I think we should reduce returns expectations, reduce trading frequency, and wait patiently for the opening conditions of our trading system before taking action. Always put risks first and strictly implement them. I believe everyone can get good results. Come on!

ET: Finally, what expectations or suggestions do you have for the future development of Eagle Trader?

Wei Xianfu: I wish Eagle Trader a bright future and a new glory! Thank you!

After the interview, our venture capital department and Wei Xianfu traders discussed his recent trading strategies in depth. Since Wei Xianfu’s current position is relatively large, we recommend that he reduce his position appropriately to control risks and ensure safe entryOur Eagle Program is to become an Eagle trader and thus enjoy a higher profit share. Wei Xianfu trader agreed and actively accepted the suggestion.

In Eagle
Trader, the success of traders is the result we want to see the most. I also hope that the sincere sharing of traders Wei Xianfu can provide valuable reference and suggestions to traders who are registering or still taking the exam. We look forward to more traders who can pass the exam successfully and successfully win. Join Eagle
Trader, meet higher challenges and win more profits!