“Women are less risky and more rational in trading”. Introducing an interview with the first female winner of the “Battle of Traders”
The Battle of Traders is held by NPBFX for the third year in a row. However, February Battle was the first of 27 completed contests, where the winner was a woman – Larisa Alexandrovna Babkina. There is not a single losing trade on the winner’s trading account. All 34 positions were closed with a profit! Probably, the well-known Siberian temper and a hard-working nature helped Larisa Alexandrovna to withstand high competition – she lives in the oldest city of Siberia – Novokuznetsk.
The winner herself states that tranquility was a decisive factor for victory in trading. Having educational background as a teacher, she relies exclusively on technical analysis in making trading decisions. According to Larisa Aleksandrovna, during the Battle she did not use monitoring, so as not to indulge to gaming excitement. Calmness and discretion, in her opinion, distinguish male and female styles of trading. She studied trading by her own, she came to Forex a long time ago. After a long pause, the Battle of Traders became a new starting point for Larisa Alexandrovna in her professional growth. We introduce an interview with the winner, where she will talk about her strategy, attitude to the volatile market and more.
- Larisa Aleksandrovna, where and when did you find out about the Battle of Traders?
- I was registered with NPBFX for a long time. I watch the news periodically. It turns out that first I registered, and then I learned about the Battle.
- What was your reaction and emotions to the news that your account was the winner of the Battle of Traders in February?
- Unexpectedly, of course. I, in general, did not monitor the event. It was just interesting for me, let's say, to test a new strategy, to give myself a try. Therefore, I made leisurely movements, I did not participate in a race.
- As I understand, you have not even used monitoring to know your position in the Battle?
- I did not look there. I thought – let it be. I think that monitoring is something that causes excitement, but it should not be in the first place for me.
- Did you share the news that you became the winner of the competition with someone?
- I don’t need many people to share, just with the family and that's it.
- Larisa Aleksandrovna, how long did it take you to register for the Battle of Traders? How do you assess the conditions of the Battle at NPBFX?
- Registration took five seconds. The terms and conditions of the Battle are convenient, everything is clear.
- Are there any suggestions, comments?
- No, actually. Everything is extremely simple.
- In February, initial deposit of 5000 on your account increased by more than 8 times (up to $43,091.32)! Please tell us about your trading strategy. What is its essence?
- I rely only on technical analysis. That’s it. For me, the levels are in the first place, perhaps there are still some impulses, there is no reason to complicate.
- During the Battle, you made 34 transactions. It is noteworthy that there is not a single unprofitable transaction on the statement: you closed all positions with a profit. How did you manage to predict the market so accurately, precisely with the help of technical analysis?
- Yes.
- The vast majority of transactions of your trading portfolio were in the S&P500 stock index. Why did you choose this particular tool?
- This index is volatile. It is the volatility of the markets, I suppose, based on technical analysis, makes it easier to work. However, tastes differ.
- Did you trade yourself, did you use any advisors?
- No.
- Do you prefer to trade via computer or phone or tablet?
- Computer.
- What can you say about the trading conditions of NPBFX? Indices, in particular.
- Oh, well, here I have no complaints, no difficulties, nothing. Basically, I look at the charts, I analyze, and either I go in or I don’t go.
- Have you used our Analytical Portal, are you familiar with it or do you prefer everything on your own?
- I prefer to do it myself. You know, the more information you load into your brain, the worse it works. It is enough to focus yourself on one thing. For example, I see levels, both strong and weak, and so on, and I am guided by this.
- In your opinion, what plays a decisive role in winning the Battle: trading strategy, luck, psychology of a trader? Something else?
- “Cool” head.
- For more than a year, the global economy has been under the coronavirus crisis pressure. Has Forex market changed during this time, to your mind?
- It is constantly changing. It is not the same. Over the past year, I have paid almost no attention to trading due to personal issues. Realizing that I had to move, I had to develop somehow, I began to pay attention, step by step, and I took part in the Battle.
- How long have you been trading Forex, how did you study – independently, perhaps you took some trainings. How did you start this journey?
- Oh, I studied by myself for a long time, I didn’t take any trainings. At first, I just watched how people work, some indicators, something else. I just looked at all this and began to slowly follow the market, because any indicator is temporary, I suppose. You still need to see the general concept.
- It is good to note that for more than two years of our Battle you have become the first female winner. Before that, only men won. In your opinion, are there any differences between the “female” approach to trading and the “male” one? If so, what are they?
- I don’t know, maybe the difference is that women are less gambling. They work more calmly, judiciously, slowly. Haste makes waste.
- Please tell me, what country are you from, what is the name of the city where you live? Are you a family woman?
- Sure, I have a family. I have a husband, daughter, two grandchildren. I am from the city of Novokuznetsk, Siberia.
- What do you do besides trading?
- Some time ago I was a teacher. I’ve gone through a lot in my life. Because the profession of a teacher, as you understand, is enough to earn a loaf of bread, but not enough to earn butter.
- Would you advise your friends and acquaintances to join the Battle of Traders?
- I have already advised, and, in my opinion, several people have registered, I do not know for sure. It seems like people follow my advice.
- What would you like to wish NPBFX and the participants of the next Battles of Traders?
- I wish the participants, of course, good luck, success, victories, a cool head.
- Larisa Alexandrovna, thanks for the interview. Let your NPBFX live account trade be as successful as it was on your contest account in February!
