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Trader of the Month in August earned as many as 228 thousand USD [Tickmill Contest]

Trader of the Month in August earned as many as 228 thousand USD [Tickmill Contest]

created Paweł Mosionek11 Września 2019

Trader of the month - August 2019

This is definitely one of the best results in the history of the competition Tickmill. A trader named Guowei earned more than in August 228 thousand dollars! Congratulations!

Was powerful capital the key to this result? Not really - the rate of return is equally impressive and amounted to over 4500%. Or maybe many years of experience turned out to be the key? Guowei has been on the market for only 2 years. So what was his strategy? About it below. We also encourage you to read the interview for Tickmill.

Impressive profits, impressive efficiency

There are many similarities in Guowei's approach the best trader from July 2019. They both have relatively little experience, believe that Stop Loss and capital management are decisive, and they also chose gold as one of their main goals (XAU / USD), which climbed steadily upwards throughout the summer. Is this combination combined with mental resistance a recipe for success? Admittedly, the cumulative yield curve is impressive. Let's look at the transaction history carefully.

There are a lot of items - almost 800. With 22 trading days in August, an average of about 36 items per day. It's really a lot. In addition to gold, there are many transactions on silver in history (XAG / USD), oil WTI and currency pairs - EUR / USD i GBP / USD. The volume of transactions increased gradually, but in the case of "Cable" he reached a remarkable value of 25,55 lots per single position. Trading was practically done around the clock, so either the trader used the machines or thoughtful pending orders (or both at the same time). The "life" of the item lasted from a few minutes to one day, although shorter ones dominated. Most of the items had been set Stop Loss, Take Profit was used less often.

In the transaction history, you cannot see that the trader insists on a given direction. For example, on August 13, after a series of long gold positions, there is a sudden shift to downturns, only to return to longs after 30 minutes. And interestingly, the whole series ended in profit.

In addition to SL orders, regular payments of earned profits were an additional safeguard in risk control. In spite of high efficiency, in the first half of the month Guowei not only gave away the whole generated profit in one day (about 9 thousand USD), but also went on a relatively small minus. This certainly gave him prudence and confirmed that successive withdrawals are a good solution.

trader of the month August 2019 tickmill

Guowei Capital Curve - August 2019

Transaction history in numbers:

  • Profit: 228,430.72 $
  • Return: 4568.61%
  • Total number of transactions: 787
  • Profitable transactions: 93.14%

Statement trader (PDF)

Interview with a trader

How long have you been involved in trade?

I have been on the Forex market for the past 2.

How did your adventure with Forex trading begin?

I heard about Forex from my friend.

What is your trading style?

I trade based on my experience.

Do you have any risk management policies?

Yes, risk management is necessary. I'm still learning this.

What good habits should investors be fooled about?

I don't think I'm an exceptional investor, but I believe the most important habit is placing Stop Loss levels.

Describe your best / most-remembered transaction (How much did you earn? What strategy did you use? On which pair?)

This month was my biggest success because I made a good profit trading on gold. My strategy was to follow the market trend.

What advice would you give to novice investors?

I am also a beginner investor, I recommend continuous learning.

Considering the current market situation, what do you think data / investors should pay attention to?

I rarely pay attention to news, my trading is based on technical analysis.

What is the most important thing you expect from a Broker?

Speed ​​- execution of orders, deposits, withdrawals.

competition rules

The winner of the competition is selected by the Tickmill Jury. The win is not only determined by the rate of return - it is the total that matters. Factors such as earned profit, position management, risk and trading skills are taken into account. There is also one more necessary condition - interviewing the broker and consent to make the account history public. Only then does the prize of $ 1 go to the trader's investment account.

The principles introduced are aimed not only at showing that you can make money on the Forex market, but also consciously educate and encourage sharing experience with other traders.

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About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.