Active currency trader talks with the celebrity guest in a candid Trader’s Interview｜Guest Ore-teki Game News JIN Part 1 [Traders Securities Minna no FX Iguchi Yoshio]
Iguchi Yoshio Profile
Iguchi Yoshio. Trader’s Securities Market Department, Dealing Division. Certified Technical Analyst. Since 1998, I have been engaged in financial institutions, mainly involved in cover dealing in the commodity markets of precious metals and petroleum products. Since 2009, I have been with Minna no FX, conducting dealing operations focused on the US dollar/Japanese yen and major European currencies. He is not only proficient in forex analysis from fundamentals, but also well-regarded for short-term forecasts using technical analysis. Recently, he has appeared at Minna no FX’s free online seminars, and the easy-to-understand lecture content has been well received. Furthermore, on Twitter, professional dealers share real opinions about the market, so be sure to check it out.
Twitter：https://twitter.com/yoshi_igu
*This article is a reprint and edit of FX攻略.com April 2019 issue. Please note that the market information written in the text does not reflect current market conditions.
The Amazing Trader Popular on YouTube (!?).
I have watched almost all of Jin Iguchi’s videos posted on YouTube.
JINThey’re mostly terrible videos, I’m sorry. They say you’re suffering a lot.
Iguchi: That’s the appeal (laughs). When the Dow falls, Jin’s face comes to mind.
JINWhen the Dow falls, everything I hold falls too (laughs).
Iguchi: Excuse me, but viewers must think that I am someone who loses a lot. However, around when he started the videos in 2016 and 2017, there were reports of profits of tens of millions of yen. At that time, what trading strategies did you use?
JINAround the time the US presidential election was a hot topic, I decided to take FX seriously. I kept buying stock indices and the dollar, and looking back, it was a pure amateur strategy of just buying. The Dow kept rising, so it worked out.
Nevertheless, during the presidential election, it was said that if Trump won the yen would appreciate, and after he gained the lead the yen actually strengthened, so I started selling, but then it quickly retraced and I suffered huge losses. But I had been buying dollars from the start, so after that I kept buying dollar, and in the end I earned in both 2016 and 2017.
Iguchi: So you rode the Trump rally that began in November 2016 well, didn’t you?
JINThat’s right. At that time both the dollar and the Dow were rising, so I bought dollars while aggressively buying Nikkei, Dow, and Nasdaq. Since President Trump said he would invest in infrastructure in his first term, I thought it would rise further.
Iguchi: You were truly just buying all the time, weren’t you?
JINExactly. If I had continued that into 2018, there was the VIX shock in February and it wiped out a lot. Then it recovered and I bought again, then the US-China trade war hit, it recovered again and I bought, then a world-wide stock market downturn. I bought expecting a rebound from the November US midterm elections, but in December there was the Powell shock. I took hit after hit.
Iguchi: You’re being swung around a lot, huh (laughs).
JINSo I was thinking, how much did I lose in 2018? I just calculated it earlier.
Iguchi: I’m afraid to ask…
JINI was terrified to see how much I had lost. Then I totaled minus 6.6 million yen. Surprisingly, I wasn’t losing as much as I feared.
Iguchi: Is that minus 6.6 million yen as realized losses? There are also unrealized losses, right?
JINThat’s right. Apart from forced liquidations, I hadn’t cut many positions, so the total was minus 6.6 million yen, but since I had started in 2016 by winning around 40 million yen, I was still overall in the positive.
Iguchi: That’s a good performance.
JINHowever, the moment the new year began, the flash crash happened! About 30 million yen in forced liquidations, plus another 30 million yen in unrealized losses, totaling minus 60 million yen. Then the stock market recovered a bit, and I managed to bounce back enough not to be forced out.
Iguchi: And that brings us to today. There’s a history there, isn’t there?
Waiting for a Crash to Make a Big Comeback!?
JINNo, the flash crash really did me in. This made me reflect, and I changed my strategy to stop buying all sorts of things and focus only on dollar, Nikkei, Dow, and Nasdaq, with the rest as a form of play, basically day trading. Oh, and I am still trading Turkish lira.
