Getting To Know @BiuBiu333

Hi traders, hope it has been a profitable trading week for you. Last week, I did a study on Danney5215’s account for the benefit of those looking for accounts to copytrade. Today, in my second account analysis, let us get to know @BiuBiu333 who is a trader from Kuala Lumpur, Malaysia. Here is an analysis from Account #2 belonging to @BiuBiu333.

Below is a summary of data for your easy reference. Data is taken as of 21 August, 11am:

• Trading period is healthy at 14 weeks.  
• Current ROI at 65.48%, is also healthy.
• Maximum DD over 13 weeks is at 37.99% (As no trading commitment has been set in terms of maximum DD, it is hard to gauge the performance of the maximum DD. Would be good if a commitment can be set here)
• Win ratio is at 43.58%.
• Average lots per order is 0.14 FLots.
• Average position period is 6.04 hours.
• Profit is at $5762.71
• Maximum single profit per order is at $3569.71 while average profit per order is at $75.17
• Maximum single loss is at -$1031.07 and average loss per order is -$41.7 (To ensure a lower amount, smaller Flots can be used for pairings that are new to @BiuBiu333)
• Leverage stands at 1:200

ANALYSIS OF TRADING FOCUS FOR THE PAST 3 MONTHS:

August:

• USD/JPY
• EUR/NZD
• AUD/JPY
• EUR/USD
• GBP/USD

July: 

• EUR/USD
• GBP/USD
• XAU/USD
• US30
• GBP/JPY

June:

• XAU/USD
• GBP/JPY
• US30

For this month, a majority of trades are focused on the pairings of EUR/USD and GBP/USD. All trades for this month are manual trades.

Smallest lot traded was 0.04 which were for the pairings of USD/JPY, EUR/NZD and AUD/JPY. All these trades were not wins, so it was good thing that the size of the Flots were smaller than the rest. However, to further reduce amount of losses, even smaller FLots would be good for the benefit of subscribers, especially in pairings that are outside the skilled symbols or what @BiuBiu333 's most traded pairings are.

On the other hand, the largest lot size traded for this month was 0.71 for both EUR/USD and GBP/USD. A majority of wins were also recorded through these two pairings of EUR/USD and GBP/USD:

EUR/USD: 4 wins out of 6 trades

GBP/USD: 9 wins out of 11 trades

(Similar win patterns were also observed for these two pairings in July)

It is interesting to note how@BiuBiu333 has not recorded a trade in XAU/USD for this month yet while it was recorded in the previous two months. But then again, the yellow metal or gold is what I believe to be an acquired taste – for those who are able to stomach the risk and volatility, it is a suitable cup of tea. For those who aren’t, then it won’t. At the end of the day, we respect each trader’s decision and choice.

@BiuBiu333 skilled symbols from the monthly analysis report is EUR/USD. Overall, I also think that @BiuBiu333 's subscribers can stand to gain more from a venture into other major currency pairings to maximise wins – starting with smaller FLots until confidence is gained in dealing with these pairings, of course. Just my humble opinion to capitalize on the fact that I see much more potential in this portfolio.

ANALYSIS OF PROFIT OVER 3 MONTHS, PROFIT & LOSS, MONTHLY ANALYSIS REPORT

*All information were obtained via @BiuBiu333 's page

(i)              Profit over 3 months

(ii)            Profit & Loss (P&L)

(i)              Monthly Analysis Report

CONCLUSION:

@BiuBiu333 has a rating of ‘General’ at ‘4.6’ (as at 20 August 2020). Highest scores obtained are in the component of Stability, Profitability and Risk Control Ability. As information, traders are scientifically evaluated through multiple indicators such as profitability, stability, risk control capability, casual profit, and fund size; over the recent 12 weeks of trading data. After linear regression and weighted, the traders will obtain the corresponding scores. The scores will decide the account ratings and will be updated every day.

A quick scroll through @BiuBiu333 's posts led me to this quote on the wall:

"Consistent trading is 100% skills. Learn how to trade forex stocks and cryptocurrencies and if you put in the work, one day you’ll be a millionaire. Consistent trading is 100% skills. Learn how to trade forex stocks and cryptocurrencies and if you put in the work, one day you’ll be a millionaire." - The Wolf of Wall Street.

In line with this quote, here’s to wishing @BiuBiu333 all the best to master currency pairings that are outside of the skilled symbols and comfort pairings to become a well-diversified and even more excellent trader in the near future.