Poor Performance: Conservative Bets and Market Misjudgments
All the best trading leader gather in our community! Let's review their trading dynamics in last week!
Trading Leader Performance
Review
xauusd07
【xausd07】With 5 shots in a week and a winning rate of 75%, he made a meager profit of $374 in a week. He became the lowest-earning champion of all time.
KONGFU66
【KONGFU66】 follows closely behind 【xausd07】. With 3 attempts and a 67% win rate, he ranked second in earnings this week, earning $77.
Aakarshan
[Aakarshan] had 183 shots, but had a terrifyingly low winning rate of 11%, with a huge loss of $43,583. He was our worst player of the week.
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Trading Review
The performance of the contestants this week was generally poor. By analyzing their transaction data, we can identify some issues.
Take the weekly champion xauusd07 as an example. He made a total of 5 transactions, 4 of which were successful, but the total profit was only $374. He was trading Spot Gold, which prices continued to rise last week as conflicts continued in the Middle East. Nonetheless, xauusd07 has adopted a more conservative investment strategy against rising gold prices, reflecting his trading style that leans toward risk control. Faced with the record high price of gold, he only used a small amount of funds to try, and his position control was also more cautious.
Compared with xauusd07, Aakarshan's situation is more severe. He made a total of 183 transactions, with a success rate of only 11%, that is, only 20 transactions were successful, resulting in a loss of $43,583 in one week. All of his transactions during the week were EUR/USD, and all of them were long orders. However, the price of the euro against the US dollar continued to fall, causing Aakarshan, who started to go long from 1.12135, to hold it to the lowest point of 1.08105. This shows that Aakarshan made a mistake in judging the general trend of the market. The main reason for this misjudgment is that the trend of the US dollar did not plummet as expected after the interest rate cut. At the same time, Aakarshan also failed to effectively implement stop-loss strategies to deal with this trend.
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