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Yi Yun has never been off the leaderboard this month, consistently trading day by day. We reviewed their performance in October here and here.
\nYi Yun was one of the less active traders this month, who managed to maximise their winning run from the 16th of October to the 27th of October.
\nIn relative terms, their trading performance dropped off a bit following that, but in terms of their overall monthly performance, it is incredible.
\nYi Yun has an excellent ability to trade in the direction of the trend and be patient for the trade to unfold.
\nThere was only a couple of losing streaks that seem to be banded together.
\nOther than that, the equity trading statistics show the ability to extract gains consistently throughout the month.
\nAlso, the equity curve shows a ‘steady hand,’ where the position sizing was consistent.
\nThere were no unusually large positions that could have destroyed the month’s gains. Instead, the size of each position was consistent across each of the instruments traded.
\nHere are the trading statistics of Yi Yun’s full October results:
\nOne of the most consistent attributes of all the winners is their high win percentage.
\nWith the contest being traded over one month, trend following strategies rarely get the opportunity to succeed.
\nThis is why you see a high win percentage nearly always coupled with an average loss higher than the average win.
\nShort terms traders need to be frequently turning over their portfolio, looking for the next trade.
\nWhat is interesting to see is that his biggest win was greater than his biggest loss.
\nThis shows that although he is a short term trader, he is willing to let the profits run if and when the opportunity arises.
\nIn a fast-moving market that is moving in your direction, it helps to have the skill to let the winners run.
\nYou can see how difficult this is, considering the best trade on the DJ30 continuing falling.
\nYi Yun had the direction right, the timing correct but was unable to maximise the full move.
\nIt would be fair to say that Yi Yun only locked in approximately 40% of the potential move.
\nDespite this, he did enough to claim the Champion’s trophy.
\n\nYi Yun’s biggest losing trade was on Gold, which happens to be the most traded instrument for his month of trading.
\nBelow is the buy and sell for Gold, which delivered his biggest loss for the month.
\nOn this trade, Yi Yun looked to fade the downtrend and go long.
\nThis move proved incorrect, and he was quick to close the losing trade, limiting the damage.
\nAs you can see, had he have thought his initial position was correct and let the position run, the result would have been much worse.
\nYi Yun has the skills to cut the losses off short, which helps keep the account intact, especially when new trades are not in sync with the current market.
\nIf there were one thing that Yi Yun could work on, it would be maximising a trending move. His best trade left so much more on the table.
\n\n1. Xue Jun Zhang
\n2. Zhong Wang
\n3. Jun Wei Xue
\n4. Shan Tao Yu
\n\nAre you ready to test your skills against your fellow traders?
\nYou may be sitting on an untapped talent that is just waiting to blossom.
\nBut you will never know unless you take action.
\nWho knows what result is possible?
\n\nAre you ready to join the next Stage? Click here to register an account.
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