Trader of the Month generated 5500% profit in March [Tickmill Competition]

Trader of the month - March 2019

In a competition organized by a British broker Tickmill the best trader was chosen for the month of March. The result is really impressive! 5504% during 21 trading days with the efficiency close to 100% is an unbelievable feat. Do you think it's a coincidence? It's hard to say that with more than 1000 transactions. Congratulations to the trader named Lulama for incredible efficiency.

What strategy did he choose? About this below. We also encourage you to read the extensive interview given to Tickmill.

Over 1000 transactions and almost all profitable 

You can start rubbing your eyes with astonishment :-). 1051 transactions, of which 1023 ended profitable. This in just a month translated into a profit of almost 21 000 USD. Interestingly, the trader himself admits in the interview that he is considered a novice. Can we then talk about the happiness of a beginner, or is there a magic method behind it? We analyzed the history of Lulam's transaction.

The high volume of trades suggests that he was using or even assisted by an automated strategy. In another variant, he could also use the so-called grids of pending orders. Was it so? We do not know 100% of this. Trading starts with a minimum volume of 0.01 lots. Then it gradually increases to 0.2 lots. All transactions were made on currency pairs - mainly with the British pound and the US dollar, occasionally with EUR and JPY.

Transactions are characterized by low profit per position, thanks to which the capital grew gradually and steadily. After the times of execution, it can be seen that lossy positions were held until profit was gained, which translated into a high efficiency parameter. Often, such elements of the strategy, contrary to appearances, suggest a high risk taken by traders. Stop Loss was set up for just a few positions, while Take Profit had practically every one.

Regular payments minimized the chance of complete bankruptcy. And probably that's what made Lulama, despite the risky approach to making deals, using a well-thought-out capital management strategy, was named the March Trader of March 2019.

Lulam capital curve - March 2019

Transaction history in numbers:

• Profit: 20,981.77 $
• Return: 5503.85%
• Total number of transactions: 1051
• Profitable transactions: 97.34%

Statement trader (PDF)

Interview with a trader

How long have you been involved in trade?

I started trading on the real account in January of the year 2019, but earlier, from December XMUMX, I traded on the demo account.

How did your adventure with Forex trading begin?

In the past, I listened to traders who organized free seminars and told them how profitable trade could be, so I became interested in this topic.

What is your trading style?

• I mainly rely on trend lines and candle formations, despite the fact that I am still a novice and I have not mastered the formation yet.
• I have a lot of scalping, because I still have reluctance to leave the position for a long time. I am afraid that the price will turn back, so I close early to make sure that at least I get some profit.
• I believe that you can enter the market with a small deposit, do not bother me to make small profits, if it is not a loss.

Do you have any risk management policies?

Yes, I practice risk management by entering into small volume transactions. In the event that the market goes the other way, it will not be thrown out by Stop Out. I do not use a stop loss because I have not mastered this element yet. Usually, I was thrown out of the market and then the position went further towards me.

What good habits should investors be fooled about?

I can not really say that I am an experienced investor because I consider myself a novice when it comes to trade. I am still learning, only in January 2019 I started to be consistent in trade. For now, I simply make profits whenever possible. My mentor says that I have to learn to be patient and keep profitable transactions for a long time, until I start using the trailing stop instead of take profit. For now it is embarrassing for me but I will learn.

Describe your best / most-remembered transaction (How much did you earn? What strategy did you use? On which pair?)

That day I increased my account from 950 $ to 4950 $. Literally, I earned 4000 $ one day. I could not sleep at the time, I pinched myself asking myself how it was possible that my account had grown so much in such a short time. I traded on GBPUSD, GBPAUD and GBPCAD.

What advice would you give to novice investors?

Do not rush to make big profits and do not risk too much. Trade small volume on a small account. I started with 150 dollars and set a goal that I will earn 10 dollars a day. I appreciated the profit of 1 dollar, even if I did not achieve my daily goal. I was happy that there was no loss. Patience is the key - even if you have the best strategy, but greed prevails over reason, the loss will be huge.

Considering the current market situation, what do you think data / investors should pay attention to?

• I've heard that different gurus are talking about NFP. I try not to enter the market this day and only observe open positions. Until now, the market after NFP data has favored me, but I will not deliberately play on data.
• I only check messages about high potential impact on the market and do not trade in those pairs that may be at risk on a given day. If I am already on the market, I will let the transactions continue with the hope that they will be in my favor

What is the most important thing you expect from a Broker?

• Low spreads
• Hedge option
• Scalping allowed
• Helpful customer service
• No account blocking for no apparent reason
• A smooth and painless process of deposits and withdrawals

Until now, Tickmill has exceeded my expectations. Permanent, clear communication, answers to e-mails, for which I did not even expect you to write back and more! Thank you very much, you really want investors to be successful. Being nominated as a trader of the month is unbelievable, I never thought that brokers are checking what trader is achieving results.

competition rules

The winner of the competition is selected by the Tickmill Jury. The win is not only determined by the rate of return - it is the total that matters. Factors such as earned profit, position management, risk and trading skills are taken into account. There is also one more necessary condition - interviewing the broker and consent to make the account history public. Only then does the prize of $ 1 go to the trader's investment account.

The principles introduced are aimed not only at showing that you can make money on the Forex market, but also consciously educate and encourage sharing experience with other traders.