[Formula for Victory Feature 8] The technique of taking profit is more important than anything (Good Dad Teacher)
Iidacchi-sensei is one of the skilled traders with more than 10 years of FX experience. However, it wasn’t that he started winning from the beginning; before achieving success, he apparently went through various periods of training. Here, from his valuable career, we asked him to share the elements needed to win.
【Feature】The Winning Formula of the Up-and-Coming Trader
〜A Comprehensive Reveal of How to Escape from the Losing Group！〜
Every trader has a beginner period and experiences many losses. Only those who can turn those “loss experiences” into strength can become part of the winning group. This time, we asked our top-tier traders about the transitions they went through to become able to win. Learn from the experiences of those who were once in the “losing group” and rose to the “winning group,” and gain tips to become a winner yourself.
・① Analyze the causes of losses to expand profits (Sukatore Futa)
・② Repeat analysis to discover a method (Okachan-man)
・③ Reduce trade frequency and lot size for great success (Ainekyo Trader Kousuke)
・④ Master stop-loss to turn the balance positive (Nobushi)
・⑤ Increase profits even with small gains on risk-reward (Kuramoto Tomoaki)
・⑥ Lowering the lot size improves everything (Kanitore Trader)
・⑦ A method that can be left alone aligns with the Gurutore philosophy (Kawasaki Dollaremon)
・⑧ The technique for securing profits is the most important (Iidacchi-sensei) ←This article ends here
※This article is a reprint/edit of an article from FX Trading攻略.com, January 2021 issue. The market information written in the text may differ from the current market, so please be aware.
Iidacchi-sensei Profile
Former instructor at a cram school for students entering higher education. Loves hot springs and holds a professional FX trader qualification as a hot spring sommelier. He has trained many excellent traders using a method called “Close-Out Trade Method.”
■ FX Trading Experience
From 2009 to 2011
■ Among that, the losing period
First to second year
■ Current Trading Style
Day trading that closes positions within 24 hours using close-out trades
■ Preferred Currency Pairs
Mainly GBP/JPY, plus other cross currencies
