Contests and promotions
Now you are reading
Trader of the Month - Profit over 86% in 15 transactions [Tickmill Competition]
0

Trader of the Month - Profit over 86% in 15 transactions [Tickmill Competition]

created Paweł MosionekJune 12 2018

Trader of the month - May 2018

A trader named Thi Huong was chosen by the competition jury for Trader of the Month in May. To be on the podium, only 15 had enough transactions, of which only two ended in a loss. Impressive is the fact that such a small number of items allowed to turn the rate of return in the amount of over 86% of the initial deposit. Eventually, the trader's account swelled in just 30 days with an additional 29 659 $. Congratulations!

Tickmill doubles the prize
From September 2017, the broker will be able to select not one and two traders of the month, where each of them will receive an award of 1000 $

"Trend is your friend"

Thi Huong's strategy is based on pending limit orders. Although he concluded only 15 transactions, there were many more orders. As many as 25 items were canceled before their implementation. Interestingly, the aforementioned two losing positions look like a "mistake" or a test. Their volume is significantly lower than the rest, and the total loss is less than $ 3.

The trader of the month focused primarily on the EUR / USD and GBP / USD pairs, insisting on the downward direction. 13 out of 15 positions are short. 23 out of 25 unrealized limit orders also assumed a decline. And it was the well-chosen direction that made Thi Huong manage to earn almost 100% of the account in such a short time. The euro fell by 400 pips against the dollar in May, and the pound against the dollar by 460 pips. It turns out that the saying "the trend is your friend" in this case is extremely accurate.

The volume used varied between 0.01 lots and 4.0 lots and virtually no realized position had a Stop Loss order. However, it is possible that the trader did not use the "hidden" SL or did not monitor the transactions on an ongoing basis.

trader of the month

Thi Huong Equity Curve - May 2018

Transaction history in numbers:

  • Profit: 29 659 $
  • Return: 257.91%
  • Total number of transactions: 15
  • Profitable transactions: 86.67%

Statement trader (PDF)

Interview with a trader

How long have you been involved in trade?

I have over 7 years of experience in the Forex market.

How did your adventure with Forex trading begin?

I learned everything from the internet.

What is your trading style?

Every day I check the economic calendar and market analysis before I start trading.

Do you have any risk management policies?

Risk management is a priority for me.

What good habits should investors be fooled about?

An intelligent investor should always create a trading plan and act accordingly. Invest with the trend and be in full health.

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

The transaction that I will always carry in my heart is the transaction of 23 / 05 / 2018. I opened 5 sell orders with the total volume of 8.3 lot on the EURUSD pair and I obtained a profit of 11600 USD. My strategy was to follow the trend, and the entrance was based on the levels of support and resistance.

What advice would you give to novice investors?

Only invest when we feel it is the right moment and always set the SL level.

Considering the current market situation, do you think that traders trading in macro / news trading data should keep an eye on it?

Investors should be wary of some important macroeconomic data. They should carefully follow websites such as ForexFactory or others, presenting information on upcoming events.

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

Low spreads, quick payment methods and good promotions.

competition rules

The trader is selected by the Tickmill Jury. The win is not only determined by the rate of return - it is the total that matters. Overall, i.e. the 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.

What do you think?
I like it
0%
Interesting
100%
Heh ...
0%
Shock!
0%
I do not like
0%
Detriment
0%
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 ForexClub.pl 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.
Comments

Leave a Response