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Grand Capital weekly recap (April 2nd–6th)
We have selected last week’s best traders.
The most active client
Placed 1,652 trades, including 1,202 profitable ones and 450 that resulted in a loss. The majority of trades involved SILVER.
Maximum deposit growth
In one trading week on a single account was $28,500.
The most profitable trade of the week
Resulted in a profit of $3,580. The trade was opened on the 13th of March at 4:47 PM and closed on the 4th of April at 11:06 AM.
The most interesting trading instruments chosen by traders:
We have selected last week’s best traders.
The most active client
Placed 1,652 trades, including 1,202 profitable ones and 450 that resulted in a loss. The majority of trades involved SILVER.
Maximum deposit growth
In one trading week on a single account was $28,500.
The most profitable trade of the week
Resulted in a profit of $3,580. The trade was opened on the 13th of March at 4:47 PM and closed on the 4th of April at 11:06 AM.
The most interesting trading instruments chosen by traders:
- SB — Sugar futures. The contract volume is standardized and equals 112,000 lbs. (50.8 tons). 1 tick equals 0.01 and costs $11.20;
- NASDAQ-100 — futures mini contract for NASDAQ-100 stock index. 1 tick is 0.25 and costs $5. NASDAQ is an American OTC market that specializes in hi-tech companies shares;
- NATURAL GAS — natural gas futures. The contract size is 10,000 million BTU. BTU (British thermal unit) is a unit of heat used in the United States. Today natural gas is widely used as a feedstock in the chemical industry. It is also used for heating of residential buildings and as a fuel for cars and power plants;
- SOYBEAN OIL — Soybean oil futures. The volume of a single futures contract is 60,000 pounds. Minimum price fluctuation is 1/100 cent or $0.0001 per pound, which equals $6 per contract;
- # CSCO (Cisco) — American transnational company. Cisco develops and sells network equipment for large organizations and telecommunications enterprises. One of the world's largest hi-tech companies.
Now I am more cautious. Experience is, indeed, the best teacher. When, sitting by that monitor, you realise that you can’t control your emotions, it is the best to just stand up and give yourself a good 5-10 minute walk. I don’t set extreme goals in trading, as it is more of an extra source of income for my family budget. What’s most important in Drag Trade is to determine which instruments you are going to trade with. You only have one hour and the volatility is extremely important here. That’s why I chose CAD for this round, because of the high volatility. As usual, I used wave analysis. Frankly speaking, I was surprised with my results. When the final results were published, I realized that “too cool for school” is not the line of thinking for this contest. My closest competitor was only a couple of pips behind.”