OREM, Utah--(BUSINESS WIRE)--Apiary Fund released the results of a six-month study to determine the habits used by their best traders. The study, which included more than 1,000 Apiary funded members, identified four key attributes traders use to help increase success.
“The study showed some logical, yet telling results people can consider in their trading practices,” said Nate Allred, principal trader at Apiary Fund. “We found effective traders continue their education, trade daily, utilize support groups, and don’t hold onto losing trades.”
- Attend classes. The study found traders who regularly attend live classes or workshops were more auspicious. About 87 percent of Apiary funded traders participated in a class within seven days of the study. In contrast, only about 25 percent of unfunded traders participated in live classes.
- Trade daily. Those who consistently traded at the same time every day were more successful.
- Participation in forums. Support groups within forums, chat rooms or social media groups helped traders succeed.
- Hold losing trades for less time. Those who held losing trades for less time and winning trades for more time did better. Some have a tendency to hold losing trades in hopes of recouping losses, but those who don’t did better over time.
“Our goal with the study was to determine where we can focus to help fund more traders at a faster pace,” said Allred. “We looked at hundreds of different variables and found these four clearly make the biggest difference among our own group of traders – good habits that can be used by any trader.”
Apiary Fund will release future articles detailing fundamentals of each of the four habits.
The Apiary Fund is a proprietary trading fund. Members receive access to trading training and coaching. They learn by trading unfunded practice accounts. When they reach a certain level of trading skill, they receive an account and trade using Apiary's money. As they succeed, the fund shares a significant part of the profits with them.
Located in Orem, Utah, Apiary Fund is a private company that develops traders and provides people the opportunity to seek flexible income trading with Apiary’s money. Through technology and education, Apiary Fund empowers traders with tools to work toward their path to success. www.apiaryfund.com
