Patient is the only reason to choose.

The character of today’s #Trader’s insight# is not the Monkey King in the famous Chinese film A Chinese Odyssey, but @芝麻开下门, a trader who earned $8061.87 in 15 weeks and has a rate of return at 44.86%.

But meanwhile, he is entirely invisible and not as popular online.

There are many reasons, such as his subscription fee is $99.99/m, he usually is inactive, he does not show off or boast about himself. He also has a low winning rate of trading and relatively long holding time.

All in all, it only takes one reason for you to dislike someone. The reason why I wrote about him is that his trading mode is pretty impressive.

Everyone can see something different from the same market trend, so by observing different trading mentalities, we might gain some valuable thoughts.

For a trader, it is never one order but the combination of many orders that determine whether he or she makes profits. Mathematically, trading result = winning rate * average profit per order – (1- winning rate)*average loss per order. 

Multiplying the loss rate by the potential loss amount, and multiply the profit rate by the possible profit amount, then the latter minus the former. This is what we have been trying to do. It’s not a perfect algorithm, but it is this simple. - Buffett

Therefore, even though he only has a 35.54% winning rate, but when combined with the odds of 2.8, he could still make money. (The average profit/loss per order=$186.17/$66.53=2.8)

(*Winning rate:35.54%, the average profit:$186.17, the average loss:-$66.53)

You can also see from his current holdings that for every order, he has set a stop loss and stop profit point. In other words, the trader has made the right calculation of when to leave.

As Sun-Tzu, the ancient military strategist, once said, the one who plans the most wins, the one who plans less lose, what about not planning.

As leaving is much harder than entering the market, we believe plans for leaving makes it a useful trading mode. Also, I think he's got something in his net value/balance curve.

So from this, we can probably defer that the trader is more patient with profitable orders, which is also confirmed by the data:

Average holding time for earning orders is 116h59m；average holding time for losing orders is 46h21m.

It is also worth mentioning that, his overall holding time on average is 71h27m. Plus, his current account net value is $28973.64. So for those who do not have the patience or the money, he might not be the right one to follow.