From Setbacks to Success: How @Ckan Mastered the Gold Market

𝙉𝙞𝙘𝙠𝙣𝙖𝙢𝙚: @Ckan

Country/Region: Hong Kong

𝘽𝙧𝙤𝙠𝙚𝙧: IC Markets Global

𝘽𝙧𝙞𝙚𝙛 𝙘𝙤𝙢𝙢𝙚𝙣𝙩:

Gold has been incredibly unpredictable this year, swinging back and forth due to conflicting factors. At one point, it's under the pressure of a strong dollar; the next moment, falling U.S. bond yields push it higher. The volatility over the past 12 months has left many unable to foresee its future direction.

One trader, @Ckan , has risen to the top of the leaderboard by focusing almost exclusively on gold. While many still anticipated a $2,600 peak for gold, he quietly achieved over 1,000% returns within just four weeks. His trades can be broken down into three distinct phases.

Phase 1 (May - August):

Initially, he traded CAD, EUR, and GBP in both major and cross pairs. His strategy was to add positions during drawdowns, starting with 0.01 lots and increasing according to a Fibonacci-like sequence, with a maximum lot size of 0.46. After three months, his $5,000 deposit had shrunk by $2,207—a rather disappointing outcome.

Phase 2 (August 15 - August 30):

He deposited $77,301 and shifted to highly volatile assets like BTC/USD and XAU/USD, removing fixed take-profits and dramatically increasing his lot sizes by tenfold. However, his aggressive approach led to a massive loss of $61,309 within a week, with a drawdown of 80%. The strategy left him completely shaken.

Phase 3 (Starting August 31):

Learning from his previous mistakes, @Ckan entered a "fusion" phase. He focused primarily on XAU/USD, reduced his lot sizes, and deposited a more conservative $2,396 to manage risk. He embraced a compounding strategy, committing to keeping funds in until hitting his target. With a combination of favorable market conditions and improved trade precision, he saw his capital grow 12-fold in four weeks, netting a profit of $29,210 and taking off like never before.

In conclusion, @Ckan 's journey reflects the volatility and unpredictability of trading, particularly in the gold market. His experience showcases the highs and lows that come with different trading strategies, from aggressive risk-taking to more disciplined approaches. After significant losses, he managed to adjust his tactics, reduce risk, and ultimately turn a small deposit into a substantial profit. His story serves as a reminder that learning from past mistakes and adapting to market conditions is key to long-term success in trading. While the road was rocky, @Ckan 's perseverance paid off.