In today’s Tradingcup blog, I’m going to feature one of the best performing traders in the platform, Yen-Hsin Sung.
His key performance was a spectacular 19 straight wins just by trading Silver!
Yen-Hsin Sung’s Trading Statistics
He performed a total of 33 trades across the following 6 trading instruments:
Total Trades: 33
Loss trades: 7
Won trades: 26
Win rate: 78.79%
Average gain on wins: $10.93
Average loss on losses: -$14.11
Biggest Win: $19.50 (Silver)
Biggest Loss: -$50.70 (Gold)
Trade Direction: 17 Buys/Longs & 16 Sells/Shorts (51.51% of all his traders are buys/longs)
Best Performing Instrument: Silver ($275.31 Total Gross/Unrealized PnL)
Worst Performing Instrument: Gold (-$88.74 Total Gross/Unrealized PnL)
Fastest Trade: 1 Minute (Silver)
Longest Trade: Approximately 3 Days and 9 Hours (Gold)
Average Trading Volume: 0.16 Lot Size
Smallest Trading Volume: 0.01 Lot Size (Gold)
Largest Trading Volume: 0.30 Lot Size (Silver)
You can check more if his trading stats here:
https://www.tradingcup.com/signals/179636?server=1&login=179636
3 Things We Can Learn from Yen-Hsin Sung
- Never hold a losing trade for longer period of time.
That’s something a trader should not do. Control emotions when trading. It is very important to have a stop loss and stick to the trade plan.
His major losses are coming from Gold trades. In fact, 2 of those trades were held for more than 3 days and his 2 biggest losses!
These bad trades comprises 66.12% on his total gross losses.
- Stick to your best performing trading instrument.
Imagine if Yen-Hsin Sung just keep his focus in trading Silver. His portfolio’s outcome would have been different.
He exactly know what to do on Silver! Just within 3 hours of trading Silver, he made an astonishing 19 straight wins!
XAGUSD comprises 96.89% of his portfolio’s total gross gains.
- Risk and Money Management with Drawdown Control
Based on the chart above, his equity curve rose sharply during the 19-streak he had from Silver trades but started declining during the 2 big losses on Gold.
Eventually, he maintained consistent profitable levels for his gains. In Sung’s case, even though his account size is small, he’s still able to showcase risk tolerance and allowed 20.30% as max drawdown only.
Drawdown is an integral part of risk and money management. It is an important psychological aspect of trading. Without it, it’s impossible to keep trading altogether especially managing big accounts.
I use the term psychological because based on my experience as a trader, I almost quit after several heavy losses if I didn’t able to control my emotions during those drawdown periods. Traders should never underestimate risk tolerance and also give equal focus on drawdowns as much as profitability.
Although there is no definite amount of good drawdown percentage to become profitable, it will be based on the account size first. The bigger account is, the bigger potential drawdowns will be that is why the latter goes hand in hand with proper risk and money management.
Congratulations to Yen-Hsin Sung for achieving 90% returns in a short period of time.
There’s another Silver trader who has similar 93% returns. Read more here:
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