Signal | @Wilson Chan's Three Keys to Profitability!

Nickname: @ Wilson Chan

Country: Malaysia

Broker: #IC Markets Global#

Brief comment: The trader, @Wilson Chan, with an account rating of 4.1, earned $1,600 in 27 weeks, and an annualized rate of return of 46.7%.

For the principal of $5,868, the annualized profit ratio is around 50%, which is quite impressive.

Based on his historical records, I have figured out his three keys to profitability:

a, As long as he is a strategy person, the market cannot dig holes for him.

He always trades 1 to 2 orders and each 0.04 to 0.6 hand to test a suitable position. If there is a floating loss, either keep the position until the market is unfluctuating or be hit by a stop loss. The position is small, even if the trend prediction is wrong, there is no panic.

b, If you make a profit, you had to keep the profit.

If you don’t make a profit, you are losing. If the test position is profitable, then look for an opportunity to increase the position. The form of the increase is ‘small increase at the beginning + large increase in the middle + close to the stop profit and reduce the increase’. The trader's largest increase record is 0.04 lots for 15 consecutive increases, and a total of 0.6 lots is not too big for an equity of about $6,000!

c, As long as I run fast enough, risk cannot catch up with me.

As the saying goes, if you often walk by the river, you cannot never get your shoes wet.

Occasionally, the operation of increasing positions with floating profits and maximizing profits will be failed by the markets' fluctuation, because the market may pull back on a large scale in a short period of time, and floating profits will instantly turn into large floating losses, especially during intraday fluctuations. This is the case with the 13.17% drawdown in USD/JPY at the end of March this year.

As a speculator, on the premise of setting stop profit and stop loss, he made the short-term order into the middle line, avoided the risk brought by time, and gave the market the patience to correct mistakes. Such a great job!