Focus and determination are the cornerstone of trader @TroyFX

Dear Fellow Traders, we are nearing the end of the month of August. How quickly time flies. Hope that it has been a profitable month for all of you and that you will finish this month strong! I truly hope that my last two analysis on @BiuBiu333 and @Danney5215 have assisted you and for this week, let us get to know @TroyFX.

Let us begin with some data from his Account #3, as of 28 August, 11am:

• Trading period is good at 25 weeks.   
• Current ROI is at 47.91%, just less than 3% away from hitting the 50% mark.
• Total profit is at $22, 178.67
• Average profit is at $39.69 while average loss is at -$26.75
• P&L ratio is at 744: 275
• Leverage stands at 1:500

Trading Analysis

For the month of August (data until 26 August), a majority of the trades were in EUR/USD. However, in the first 4 days of August, the trades were in XAU/USD. @TroyFX appears to be an extremely focused trader – not only focusing on one set of pairing when he is bullish on opportunities – but also on one position (either ‘buy’ or ‘sell’). For example:

• From the period of 24 August – 26 August: All trades were ‘sell’ positions in EUR/USD.
• From the period of 18 August – 20 August: All trades were ‘buy’ positions in EUR/USD.
• From the period of 12 August – 13 August: All trades were ‘buy’ positions in EUR/USD.
• From the period of 10 August – 11 August: All trades were ‘sell’ positions in EUR/USD.
• From the period of 4 August – 7 August: All trades were ‘buy’ positions in EUR/USD.

A similar pattern is observed in trades prior to the above, however trading pair was XAU/USD.

All trades are done manually. For the month of August (up until 26 August), the smallest FLot size is 0.1 while the biggest is 2.66 Flots. Trading frequency is high, with small amount of time between trades executed.

After a quick assessment of trades from 24 August – 26 August, it can be found that out of 121 trades executed, a total of 96 trades were wins. On 20 August, there were a series of losses that was recorded on buy positions while the EUR/USD gained traction upwards, but it was good to see @TroyFX picking up and gaining strength after this temporary slip.

For the months of July, trading pairs also involved EUR/USD and XAU/USD with a similar trading style as per the month of August.

I am not sure how long has @TroyFX been investing (as his status on Follow Me’s page indicates that he has only been registered two months ago). If he is a relatively new trader, having a single focus in a pairing is a good idea in my opinion to master that pairing. However, further down the road, it is always a good idea to venture into other pairings.

Future opportunities can be optimized by diversifying into another currency for the benefit of his portfolio and those subscribing to his account. In my humble opinion, there could also be wasted opportunity by only focusing on either a ‘buy’ or ‘call’ position in a particular time frame – once again to maximize returns from this portfolio and benefit his subscribers. Diversifying the portfolio would also be a good risk management strategy as we remember the famous saying, ‘Do not put all your eggs in one basket’.

ANALYSIS OF PROFIT OVER 3 MONTHS, MONTHLY ANALYSIS REPORT & EQUITY/BALANCE OVER THE PAST 1 MONTH

*All information were obtained via @TroyFX’s page

(i) Profit over 3 months

(ii) Monthly Analysis Report

(iii) Equity/Balance over the past 1 month

In his famous book titled ‘Iliad’, the author Homer describes Troy, the city as ‘well-founded’, ‘strong built’ and ‘well-walled’. We wish @TroyFX continued success in his trading journey that he may one day be as strong as Homer described the city of Troy.