I’m sure you’ve heard the phrase “Grab the bull by the horns”. Well the trader we’re going to talk to you about grabbed the bull by the horns, jumped on its back and rode it all the way to a $2,000,000 return.
"Opportunities don't happen. You create them."-- Chris Grosser
It sounds like a ‘get rich quick scheme’: one of our traders recently turned $30,000 into a staggering $2,000,000 return. Not only did he turn it into 2 Million but currently he is trading with a 1-Million-dollar account with more than $1,500,000 in liquidity.
And his strategy is shockingly straight forward.
He opened his trades, made sure he had enough margin so they would not be stopped out and kept his trades until they turned a profit.
In just a few months this strategy managed to earn a $2,000,000 return with just $30,000.
Taking advantage of the volatility surrounding Brexit, this trader focused mainly on GBP – a tactic which definitely paid off. He was always aware of market news and technical levels – pivoting where necessary to seize opportunities presented by emerging trends.
Persistence was also a key part of this client’s strategy. Although he didn’t see the results he wanted initially, he used this as an opportunity to learn and optimize his strategy. This is a part of the process that most traders don’t follow through with.
After a few losses most people stop trading. Others might attempt to recover their losses, which is also a mistake, especially if they are trading with emotion. This seven-figure trader, redeposited and traded without emotion, as proof by the slow and steady recovery of his account.
These are the things that helped the millionaire trader turn thirty thousand dollars into more that 2 million dollars.
- Knowing what was going on the markets
- Following and watching technical indicators
- Persistence, not giving up when he didn’t see the results he wanted
- Taking advantage of market trends (in this case Brexit)
- Having enough margin to avoid his positions being stopped out
easyMarkets has been offering its clients financial services since 2001. One of the reasons behind our longevity is the fact that we offer our clients the tools and conditions to achieve their investment goals and beyond.