No matter we do, most of us sometimes wish that there was some kind of a “magical formula” which will bring us admiration and money in no time. Unfortunately, in most cases there is no such thing. Trading is not an exception. But does it mean that we should stop reading about someone else’s “success secrets” and concentrate on our own ups and downs instead? And does it mean that there is no Holy Grail of trading at all? Well, it is a serious question, which requires a long discussion. Sergey Zhukin, the newest winner of Drag Trade contest has his own view on the complicated matter.
About the trading, major mistakes and sources of ideas:
My trading career started when I was on the second year on University. I was studying economic cybernetics and it seemed quite interesting to try trading as it required use of automatic trading, programming and economics – pretty much all that I needed. Qualities of a good trader? I think that one of the most underestimated is a cool head. There’s nothing in trading for you if you don’t have it. As per common mistakes, they are greed, overestimating intuition, high risks… Ideas for trading I get from economic calendar only. I don’t follow someone else’s prognosis, I make my own. I am not trying to find The Holy Grail of trading or something. I just trade everything that I see.
About trading strategies and Grand Capital contests:
For me, the most successful strategy is risk management, not a technical and fundamental analysis. I mainly trade volatile pairs like GBPJPY and EURGPY. For all the years that I’ve been trading I was able to create my own list of trusted brokers. Grand Capital is one of them. Their contests is a good start. They can provide you with a good background for your future trading. To all the beginners I recommend to choose a demo contest, risk all you can, go crazy . But after you win, just slow down and reflect on what has happened.