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Interviewing the Long-term strategy trader with over 100% gain
An Interview with Asian Lotus – A BLOSSOMING FLOWER.
Asian Lotus is a professional trader who follows trends and the first female trader to become published in MultiTrader.
She lives in Singapore and manages a strategy that has been profitable for the last four years.
Waiting for just the right time to open a trade, she often holds these winning positions open for the long term.
Thoughtful, kind and intelligent, Asian Lotus upholds a responsible trading ethic as if she were trading with millions of USD of her own money.
A new trader has arrived to MultiTrader and she’s just beginning to show us her potential for greatness. Learn more about her trading philosophy in this short interview, and don’t miss your chance to invest with her strategy as she rises to the top.
So, let’s begin with a simple question: why and how did you start trading with Forex?
I started with Forex because I needed to find a way to grow my capital and gain financial freedom. Forex trading was one of the tools easily available. I began my venture into Forex trading when I happened upon some intriguing Forex websites and forums sharing strategies and more. Afterwards, I started playing around with the strategies being shared on the Internet and spent a huge portion of my savings attending Forex courses. None of that worked out for me. I didn‘t have any luck in the beginning until I changed my outlook.
Well, it seems like you began with a steep learning curve.
Yes, it certainly was.
However you obviously persevered.
Yes. Despite all the setbacks and monetary losses that I suffered, I was determined to make Forex trading a success. I was fortunate to meet my mentor through a close friend of mine. My mentor has taught me lessons on trend trading, trading psychology, and strict money management that has propelled me to the position I am in today. Hard work and determination pays off. I began to make consistent personal profits with Forex trading using strict money management.
So, turning a profit showed that you were improving and gave you the confidence to continue?
Right. Moreover, after seeing the success I was having, many of my friends and family members began to entrust their money with me in Forex trading.
A great story. Could you tell us a little more about your strategy and the trading methods used?
Of course I can. The strategy I use is a 100% systematic, medium to long-term trend following program which has continued to be profitable over the past four years. I use a strategy encompassing two portfolios of 20 currency pairs and seven currency pairs to reduce the risk. The strategy‘s objective is to extract profits from up and down trends, resulting in a consistent stream of profits that display a low correlation with traditional asset classes. We trade only when the timing is right for a trade and when the odds are on our side. Using this strategy we incur less losing trades, therefore, preserving our capital and keeping consistent profit gains.
About the strategy, what is most important for you, profits?
My trading method is definitely not a get-rich-quick method that promises 500% returns a year. Most important is how sustainable the strategy is. There is no point for a trading strategy to be up 100% one week, but in the next week down by 110%.
Has your trading style changed over time?
I come from a short-term trading background, from scalping to swing to Intraday trading. During the short-term trading period I can get in and out of the market within an hour. I can be up 15% in one moment, and in the next, down by 30%. It‘s depressing and emotionally disturbing to trade this way. That’s why I settled down on trend trading a currency basket and have since consistently made profits.
Is trading a currency basket an advantage for you?
Yes. It’s a way of reducing risk. Like when the Euros plunged, imagine if you were only trading that one currency pair then? Seriously, there is no way all 20 pairs of currencies would collapse at the same time unless it‘s the end of the world.
What would you describe as the emphasis of your strategy?
I think one emphasis of my strategy is that I don’t enter the market everyday. I only enter the market when the timing is right. This reminds me of a quotation from Jesse Livermore which my trading model is based on: “There is a time to go long. There is a time to go short. And there is a time to go fishing.“
A nice parable to follow.
Yes, I like it. It represents how I operate—very differently from other trading methods. Currently, we focus on one particular trait found common in winners: Being patient enough to wait for the right timing. It is difficult to learn to be patient; however, if you want to be a winning trend trader, you have no other alternative but to learn patience.