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Đặng Văn Lợi: Manage Your Trade Risks to Achieve Success

19.05.2025

Interview

Vietnamese trader Đặng Văn Lợi successfully passed the test with the Sweet Pepper 100K account in April 2025. Now a confirmed SpiceTrader, he is actively working on a simulated funded account, steadily progressing toward his first payout. With discipline, focus, and a passion for mastering trading psychology, Đặng Văn Lợi is confidently moving toward scaling his account to its maximum potential of €1M.

Why do you like trading with SpiceProp?

SpiceProp provides a supportive and professional environment tailored for traders. Their policies are fair and well-designed, giving us the opportunity to grow and develop consistently. It's an ideal platform for both beginners and experienced traders.

What is the most important factor that helped you pass the SpiceProp challenge?

The most crucial element is trading psychology. Mastering your mindset allows you to remain calm and focused, even in volatile market conditions. That’s what really helped me succeed in the challenge.

What was a key moment in your trading career?

Reaching consistent profit targets while staying within strict risk parameters. That moment gave me the confidence that I could manage risk effectively and perform under pressure.

How long have you been trading?

I’ve been trading for two years. In that time, I’ve gone through many ups and downs, but every experience has taught me something valuable.

What is your current trading plan?

My goal is to continue refining my technical skills and, most importantly, to maintain control over my trading psychology. Every trade is a test of both strategy and mindset.

The story of Đặng Văn Lợi can serve as a true inspiration for many traders just beginning their journey with SpiceProp.

What personal qualities helped you succeed in the challenge?

If I had to name three, I would say: strong risk management, disciplined trading psychology, and solid technical analysis.

In your opinion, what separates average traders from the best?

Again, it comes down to trading psychology. The best traders don’t just analyze markets — they manage emotions, control risk, and stay consistent no matter the circumstances.

Phase 1. Statistical data. Sweet Pepper 100K. Trader: Đặng Văn Lợi (Vietnam).

Phase 2. Statistical data. Sweet Pepper 100K. Trader: Đặng Văn Lợi (Vietnam).

What’s the best piece of advice that helped you during the SpiceProp challenge?

Always manage your risk on every single trade and remain mentally strong, especially when things don’t go as planned. Consistency is built on discipline.

Could you share any books, online resources, or mentors that have influenced your trading development?

The Fibonacci indicator has been a significant tool in my strategy. I also learned a lot from books on trading methods and risk control. These resources helped shape my approach.

Should traders learn from themselves or others?

Both. Learning from others gives you knowledge and shortcuts, while learning from your own mistakes builds experience. A combination of both is essential for growth.