Gold Trader Tripled Account Size in 200 Trades
Ken Aguilar
FEB 14 2024
In today’s Tradingcup blog episode, I’m going to feature another best performing trader in the platform under the code name Weiii Xau.
Just by one glance, I can tell right away that he must be a Gold trader which we are going to find out later.
While I was searching, I came across his profile and noticed that he tripled his portfolio’s gains with impressive high win rate!
This is crazy!
After spotting him, I was so curious that I have to investigate further. Leave me hanging with questions like how did he achieved those gains?
Weiii Xau has grown his portfolio from a starting balance of $1,079 to $4,855.99. An estimated increase of 350.05%.
Trading Statistics
He performed a total of 288 trades across the following 18 trading instruments including:
Total Trades: 288
Loss trades: 16
Won trades: 268
Break Even trades: 4
Win rate: 93.05%
Average gain on wins: $15.02
Average loss on losses: -$15.54
Biggest Win: $268.00 (Gold)
Biggest Loss: -$69.82 (USDJPY)
Trade Direction: 103 Buys/Longs & 183 Sells/Shorts (51.51% of all his traders are buys/longs)
Best Performing Instrument: Gold ($3,520.53 Total Gross/Unrealized PnL)
Worst Performing Instrument: USDJPY (-$69.82 Total Gross/Unrealized PnL)
Fastest Trade: Less than a Minute (ETHUSD)
Longest Trade: Approximately 457 Days (NAS100)
Average Trading Volume: 0.02 Lot Size
Smallest Trading Volume: 0.01 Lot Size (Gold)
Largest Trading Volume: 1.00 Lot Size (Gold)
A well diversified choice of instruments!
What Can We Learn From Weiii Xau?
- Keep losers small and winners big.
This is a common knowledge in trading but it takes more efforts to run this strategy consistently.
In Weiii’s case, when I look at his recent closed trades, he has a high win rate above 90%.
- Less Leverage
Weiii’s starting balance is just $1,079 fit for a micro lot (0.01 lot size) and he prefers to trade 1 to 1 leverage to account size ratio.
Having no leverage at all gives good protection on his position’s margin. 94% of his past trades are unleveraged.
Trading with leverage has pros and cons.
Check out the following blogs below to know more about leverage in trading:
https://acy.com/en/market-news/education/what-is-leverage-and-how-to-use-in-cfd-trading-163733/
https://acy.com/th/market-news/education/forex-leverage-explained-margin/
- Small accounts give more room.
Since Weiii is trading a small account with no to minimal amount of leverage, he is comfortable to extend his positions for longer period of time thus giving a lot of room for his trade to go in his favor.
His longest trade was on NAS100, took 457 days to complete and still closed in a small profit. By having a small account size, he switched to position trading at ease without worrying of liquidation/margin call.
His first trade was on February 9, 2022.
- Confidence in his trades.
Knowing that Weiii is more of a safe trader, when he got more confident he leveraged 17 of his recent trades with impressive results!
He even increased up to 1 lot size on 5 Gold trades that were all exited in profits.
For sure, Weiii strictly followed his trade plan with calculated risks. Having a 93.05% win rate is solid proof enough to support this claims.
Confidence is one of the many important psychological factors that can keep a trader from going.
Weiii is still actively trading to this day and his statistics may change over time.
At time of writing, here’s his current positions:
Also, he allows other traders to copytrade his strategy and got 3 copiers at the moment.
One of them is already having more than $30,000! Astounding!
If you want to copytrade his strategy or know more about his trade statistics, you can click the link below:
https://www.tradingcup.com/signals/177993?server=1&login=177993
After visiting the link, you will see this copy button at the right top corner.
I definitely keep an eye on Weiii for more updates in the future.
Congratulations to Weiii Xau.
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