Built on Real Trading Experience, Not Theory
We started firelyglow in early 2019 because we kept seeing traders lose money. Not from bad market timing, but from something much simpler—poor capital management.
And honestly, I'd made the same mistakes earlier in my career. Had a few winning streaks, got overconfident, sized positions too aggressively. Then came those inevitable drawdown periods that every trader faces. The difference? My account could handle them because I'd learned to manage risk properly. Too many traders never get that chance.
Why Capital Management Actually Matters
Most educational programs focus heavily on entry signals, chart patterns, and technical indicators. Those matter, sure. But they're only part of the picture.
What really determines whether traders survive their first year? Position sizing. Risk allocation. Understanding how different market conditions affect drawdown potential. Knowing when to scale back and when you can afford to be more aggressive.
After working with dozens of traders between 2019 and 2024, we noticed the ones who lasted all shared one trait: they respected their capital limits before chasing profits.
So we built our approach around that reality. Start with protection, then build performance on that foundation. It's not exciting, but it works.
How We Think About Trading Capital
Our methodology developed from watching what actually works in live markets—not what sounds good in theory.
Risk First, Returns Second
We help traders define their maximum acceptable loss before they ever think about profit targets. Sounds backward, but it's the only approach that keeps accounts alive during rough stretches.
Market-Specific Allocation
Equity markets behave differently than commodities. Volatility in crypto requires different position sizing than forex. We teach traders to adjust their capital deployment based on what they're actually trading.
Drawdown Planning
Every trader hits losing periods. We work through scenarios before they happen—when capital should be reduced, what signals indicate conditions have changed, how to rebuild position size safely.
Account Segmentation
Different strategies require different capital buckets. We help traders separate their core positions from shorter-term tactical trades, preventing one approach from contaminating another.
Correlation Awareness
Having five positions doesn't mean diversification if they all move together. We teach practical correlation analysis so traders understand their actual exposure, not their perceived exposure.
Recovery Mathematics
Losing 50% requires a 100% gain to break even. These numbers matter. We make sure traders understand the asymmetry of losses before they take unnecessary risks.
Who Runs This Operation
Henrik Ljungkvist
Managing Director
I spent twelve years trading for a regional fund before starting firelyglow. Made plenty of mistakes in those early years—overleveraged positions, ignored correlation risk, let winning trades turn into losers because I couldn't walk away.
Eventually figured out that consistent profitability came from managing capital, not from finding perfect trades. Started teaching that approach to other traders in 2018, formally launched firelyglow the next year.
Now I work with independent traders and small fund managers who want to professionalize their risk management. We focus on practical implementation—how to actually size positions, when to adjust exposure, what warning signs indicate you need to cut back.
Based in Seoul since 2021, though I work with traders across different time zones. The Asian markets open, European session follows, then US markets—keeps things interesting.
Areas of Focus
How We Work With Traders
Our consulting process typically runs three to six months. Some traders need just capital management frameworks, others want ongoing support as they scale up.
Current State Assessment
We review your existing trading approach, position sizing methods, and recent trade history. Not judging past decisions—just understanding how you currently manage capital and where gaps exist.
Risk Framework Development
Build your personalized capital management rules. Maximum position size, total portfolio risk, correlation limits, drawdown thresholds. These become your operating parameters regardless of market conditions.
Implementation Support
Theory is easy, execution is hard. We work through live examples as you apply the framework to actual trades. Adjustments happen here as we see what works for your specific situation.
Scenario Testing
What happens if volatility doubles? If correlations break down? If you hit your monthly loss limit by mid-month? We walk through these situations before they occur so you're prepared.
Ongoing Refinement
Markets change. Your account size changes. Your risk tolerance might shift. We check in quarterly to make sure your capital management framework still fits your current reality.
Our Approach Isn't For Everyone
If you're looking for hot tips, signal services, or strategies promising quick returns—we're not the right fit. Our work centers on risk management and capital preservation. It's methodical, sometimes tedious, and requires discipline.
But if you're tired of blowing up accounts and want to build a sustainable trading approach, we can help. We work with traders who understand that protecting capital is the prerequisite for long-term profitability.
Next program intake opens autumn 2025. Limited to eight participants to maintain quality.
Discuss Your Situation