In today’s Tradingcup blog episode, I’m going to feature a very talented daytrader named Muhammad Izzat Bin Isa who managed to pull off an amazing 1744.77% returns with just a starting $150 balance account!
I uncover his trading statistics and techniques. So stay until the end of this article to find out more.
Trading Statistics
He performed a total of 176 trades across the following 9 trading instruments including:
Total Trades: 176
Loss trades: 24
Won trades: 152
Win rate: 86.36%
Average gain on wins: $19.74
Average loss on losses: -$15.94
Biggest Win: $203.00 (Gold)
Biggest Loss: -$67.15 (Gold)
Trade Direction: 41 Buys/Longs & 135 Sells/Shorts (76.70% of all his traders are Sells/Shorts)
Best Performing Instrument: Gold ($2,592.04 Total Gross/Unrealized PnL)
Worst Performing Instrument: GBPCHF (-$101.31 Total Gross/Unrealized PnL)
Fastest Trade: 1 Minute (Gold)
Longest Trade: Approximately 2 Days (GBPUSD)
Average Trading Volume: 0.09 Lot Size
Smallest Trading Volume: 0.01 Lot Size
Largest Trading Volume: 0.60 Lot Size (Gold)
Muhammad has a choice of mixed Forex major and cross currencies including Gold which comprise 24.43% and 75.57% respectively across his trading instruments.
He has an excellent 5.79% max drawdown, a good win to loss PnL ratio with an average of $14.87 net gain per trade across 176 trades.
To view more of his trading statistics:
https://www.tradingcup.com/signals/610026613?server=6&login=610026613
Muhammad’s Trading Techniques
- Closing the Trades Within the Same Day
Muhammad’s trading model is a based on daytrading strategy. 96% of his trades were finished within the same day.
It is running a normal business like a convenient store that opens a minimum 8 hours a day which Muhammad monitors closely and getting hands on with his trades.
This type of trading requires more attention to the markets’ fluctuating conditions and more sensitive to the sudden changes that may cause price volatility.
Examples of these fluctuations are macroeconomic news. So it’s pretty sure that Muhammad is on top of everything, carefully planning his every trades.
He is a great example of a successful daytrader. Increasing a small amount of capital from $150 to $2,767.16 with over 1700% gains is something only a very disciplined, skilled and dedicated trader can do!
Daytrading is a full time professional job.
Are you curious on how to start daytrading?
Read this blog: How Much Money Do You Need To Trade Full Time?
- Avoid Getting Married to Trading Positions
As a trader myself, there are times that I fight my trades by adjusting the stop losses to keep the positions alive. Although it is not recommended, traders can adjust their trade plans when they see changes in the market conditions. Just don’t get too emotional with the open trades avoiding to get married into the positions.
In Muhammad’s case, even he is a daytrader who usually close the trade within the same day there were 7 notable trades where he let the position open for more than 2 days.
He might have seen other reasonable factors that modified his trade plans and surprisingly these trades all exited in profit!
He surely trusted his last minute change of plans and decided to extend the position for a longer period of time.
This is an advanced example of trading skills and not recommended for starting traders.
It is highly suggested by trading professionals to never modify the already active trades and never get married to these positions. Marrying to trading positions tends to lose the trader’s focus and original plan.
- Power of Leverage
Another factor that contributes to his trading success is his ability to utilize leverage to his advantage.
Remember, his starting balance is only $150, 7 times lower than the Gold Trader Tripled Account Size In 200 Trades I featured in my previous article:
https://www.tradingcup.com/learn/gold-trader-tripled-account-size
Having this small account needs a good start to ensure trading longevity. Although winning the first batch of trades right away are not guaranteed, it is extremely challenging to keep the account from winning more trades.
The very first trades are so crucial knowing the fact that a trader has to force winning them putting so much efforts and stress.
Fortunately, he already doubled his account on his 50th trade. Because of this, he’s trading power has increased substantially leading to more gains as his trades progressed.
Muhammad’s average trading volume is 0.09 lot size, it means for every trade he made he has to maintain a high amount of margin due to small account size thus risking the trades.
Besides from being a skilled daytrader, it is very clear that Muhammad know how to use leverage to his advantage with an impressive 86.36% win rate across 176 rates.
By using leverage, he got an average of $19.74 per win while $15.94 per loss. A good win to loss ratio!
His largest trading volume is 0.60 lot size trading Gold.
As mentioned in my previous blog, trading with leverage has advantages and disadvantages.
Check out the following blogs below to know more about leverage in trading:
What is Leverage and How to Use Leverage in CFD Trading?
Forex Leverage Explained: Mastering Forex Leverage in Trading & Controlling Margin
Congratulations to Muhammad Izzat Bin Isa for this astounding feat!
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