At Chart Champions, we’re proud to see our members grow and transform their trading through discipline, statistics, and a positive mindset. One of those standout traders is Woodchopper, known in the community for his sharp strategies and consistent progress.
From Finance to Technical Analysis
Before diving into trading, Woodchopper built his career in finance and asset management. After university, he joined Merrill Lynch and climbed from middle office operations to portfolio analyst, working closely with fund managers and traders. Ironically, during that time, he was told that technical analysis didn’t work.
That only sparked more curiosity.
During the 2021 crypto bull run, he found himself holding positions without knowing when to sell. That’s when he realised it was time to understand how charts worked. Thanks to YouTube’s algorithm, he stumbled upon Daniel shorting during a raging bull market.
Everyone else was screaming “100K Bitcoin“, but Daniel was doing the opposite with structure and precision. That moment changed everything.
The Chart Champions Tools That Shaped His Trading Strategy
That professionalism and clarity from Daniel led Woodchopper to join Chart Champions. Then, he immersed himself in the learning material, eventually diving into the content from Igor and Severin as well. Each of them left a mark on his trading:
- From Daniel: Horizontal levels, Fibs, and a deep understanding of confluence.
- From Igor: The legendary ‘If 1, then 2’ setups, poor highs and poor lows, and liquidity grabs.
- From Severin: A love for statistics and measuring everything.
Thanks to Severin’s influence, Woodchopper started tracking everything, from daily levels to backtests and reactions.
Building a Trading Routine
Three years into his journey and after blowing several accounts, Woodchopper paused. He took a whole month off and decided to stop winging it. He committed to structure, routine, and statistics. After reflecting, he came back with a plan:
- Daily routine before trading.
- Strict daily loss limit.
- Trade only during his preferred session times.
- Attach stats to every setup.
- Track his emotional state.
“I don’t trade until I’ve done my prep. I have a daily loss limit. Every level on my chart has a percentage attached to it. That changed everything.”
Boosting His Win Rate with Trading Statistics
One of the things he became known for in the community was how he used data to back his trades. In a Chart Champions live stream, Woodchopper challenged the audience:
“How many people have actually backtested daily, weekly or monthly levels 100 times to find out the percentage chance of a reaction? I can tell you: very few.”
That challenge made many members rethink their approach. He shared a practical example using the Previous Day Equilibrium (PdEQ) on the Nasdaq:
“I’d look at the first touch during the London and NY sessions. If there’s a reaction, say, +360 ticks, I record that along with the stop-loss size. I do that 100 times. Eventually, I get a stat: maybe PDQ gives a 60% chance of a reaction.”
But he didn’t stop there. He added another layer:
“Sometimes the level doesn’t give a reaction, but it loses the level with volume and gives a clean backtest. That’s tradeable too. So now I’ve got two stats for the same level.”
This analytical approach increased his win rate by 10%.
Now, no level goes on his chart without a stat next to it. Some have 100+ recorded interactions. It’s evidence-based decision-making.
The Biggest Challenge? Learning to Lose
Despite his sharp analytical edge, Woodchopper admits his biggest hurdle was psychological. He was wired from the corporate world with a “don’t lose” mindset. But trading demands the opposite: learning how to lose well.
“In trading, success means I do lose — but I lose well.” […] “Being a good loser is still hard for me, but it’s essential. In trading, you have to let go when things go against you.”
His breakthrough came when he looked inward, at his habits, emotions, and weaknesses. He now swears by self-awareness:
“If I could give everyone a mirror, I would. After three losing days, ask: What was I thinking when I tilted? What emotional state was I in? That’s how you improve.”
Future Goals: Trading Full-Time
His short-term goal is clear: go full-time. He has already reduced his corporate work by one day per week and aims to trade full-time within the next 6 to 12 months. But more than that, he wants to trade from a calm, confident state, fully trusting his edge, and continue to give back to the community.
“If you’re in Chart Champions, half the work is already done. You’ve found the right mentors. Now the rest is up to you.”
Key Takeaways
- Track everything: Don’t guess — measure your setups and levels to know what works for you.
- Mindset matters: Learning how to lose well is part of becoming a consistent trader.
- Routine is king: Success comes from structure, not spontaneity.
- Stats boost confidence: Knowing the probability behind a level helps reduce second-guessing.
- Self-awareness is an edge: Reflect on your emotions and behaviour after every trade.
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