KWENTA - Top 1 PnL of the 44th week
The only trader on Kwenta with a PnL of more than $500,000.
1. Overview:
With the past tumultuous week, this is the only trader on Kwenta with a PnL of more than $500,000. Although this number is not as impressive as TOP 1 of week 43 with $1,626,442, maintaining this form was not easy.
What's special is that this week's TOP 1 PnL has only appeared on Kwenta for 62 days but has a remarkable performance. He only traded once in the past week but earned a PnL of $624,948 with an ROI of 50.3%. Once for all, he led the entire KWENTA platform.
https://app.copin.io/KWENTA/trader/0x44322e2f396e4E5244f4F09b863044847E4a54dA?ref=DVIOXS&time=D7
2. Ability to judge the market
In this most recent transaction, the ROI decreased to -1.7% within the first hour when entering the order. But he still showed that his predictions would be accurate. When the market showed signs of going up, he increased 1 order with the size of $1,167,870 and calmly waited for $BTC to continue to increase in price. After about 9 days sideways, the market increased slightly to reach $35,557, at which point the trader closed his position. His close couldn't have been better, giving him an impressive profit of $624,948.
https://app.copin.io/KWENTA/position/share/6549a8064857e1f74465f48a?ref=DVIOXS
Before that, he also had a position that brought in a PnL of $82,530 with an ROI of 30.3%. This is also quite an impressive number, but when using the What if feature, it was a pity that he closed his order right on the rise. By simply holding his position for another 11 hours, he would have earned a PnL of $130,765. Maybe this is an experience he learned so he could perfect his trading skills and get the impressive winning order above.
Link: https://app.copin.io/KWENTA/position/share/6549acce4857e1f74465f6c0?ref=DVIOXS
3. Trading style:
There are 2 notable points about this trader's trading style:
AVG Duration: 309.3H. The holding time is quite long, maybe he needs time to feel the market and these held orders are likely to bring big profits. But the downside is that transaction fees will increase a lot. He lost more than $54,000 (nearly 10%) in fees for his most recent trading.
AVG Leverage: 2.4x. The leverage level is quite safe, this trader manages his capital and risks very well.
This is also not a person who has a regular trading style, he only trades once a month but his performance gets better every day. Since then, his PnL has increased significantly. This trader has a very good medium-term vision.
It can be seen that he is a $BTC Bull as he continuously predicted that $BTC would continue to increase in price and his predictions were correct.
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He has an open position LONG $BTC with Size: $6,217,129 and Liquidation: $28,455
Max drawdown of this order -17.9%, this level is still quite safe for him. This trader still has the vision that $BTC will continue to increase, so like previous transactions, he may still believe in his prediction, so he continues to hold the order and shows no signs of closing.
4. SUMMARY
To summarize this trader's performance over the past 7 days, you can look at the numbers displayed on the radar chart:
Avg ROI: Better than 100% of other traders;
Profit rate: Better than 100% of other traders;
Win rate: Better than 100% of other traders;
Risk control: Better than 100% of other traders;
Frequency: Better than 42% of other traders;
Quickly settled: Better than 5% of other traders.
In short, this trader has a slow trading style, good market prediction, and risk management ability. In addition, he also had the most impressive PnL of the past week.
Therefore, this trader is very suitable for those who like to hold orders for a long time with a safe trading style that does not take much time. You can consult.
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