Though the guy is trading in the gold market since 2010, if his performance is for real, I think he is a good model to follow for all traders aspiring to gain consistent profits.
Analyzing his trades that gave him 89% YTD gain in 2019, here are the two insights worthy to be noted:
1. A trader does not need to enter too manny trades just to be profitable. You need to be selective. In the case of our model, 19 trades in a year are enough for him.
2. There is no fix duration both in holding your position and in waiting for new entry. In the case of our model, his holding period ranges from 0 to 20 days and his waiting period for new position ranges from 0 to 18 days. What determines his decision to exit and to open a new position? I think what influence him are the three components in his trading system (Japanese candlesticks, Elliot Wave Theory, & Fibonacci Retracements). I would like to add the importance of psychology, both personal and the crowd trading your chosen stock. Combined with patience and self-discipline, all these tools will serve as powerful weapons in your trading arsenal.
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