2020 Traders Year-End Party - Those who could win were winning again this year! -

The year 2020 began with a pandemic, followed by the resignation of the prime minister, the United States presidential election, and the United Kingdom's Brexit issues, marking one of the most turbulent years in recent memory. In such a situation, many traders must have been wringing their heads wondering, “What on earth could we have done to profit?” Therefore, this time, despite the circumstances, we gathered four veteran traders who are well-known in this magazine to talk about “how we fought 2020.” Please don’t think that this was just a gathering for a small, year-end party!

Note: This article is a reprint and revised edition of FX Tactics.com February 2021 issue. Please be aware that the market information written here may differ from current market conditions.

2020 Results Report

Editorial Department: 2020 was a tough year. How did your trades go this year?

Loving-Cat Trader Kousuke (hereafter Kousuke)FX was not good at all. In February and March, all currency pairs had almost no volatility. In May and June the fear index stayed around 30–40, so it wasn’t a market I was comfortable with.

Editorial Department: The charts completely collapsed by March, didn’t they?

KousukeIf you’re a scalper, you might have made it, but for mid- to long-term traders, it was difficult.

Ms. Iida (hereafter Iida)Iida-ttiThe results weren’t bad, but there was a need to adjust. For example, whereas before we could target around 100 pips in one shot, we started aiming for about 60% of the daily average range, narrowing profit-taking targets.

Editorial Department: So, would you say that lack of experience made it tough? It seems you must be sensitive to market fluctuations.

Scalptrade Fu-ta (hereafter Fu-ta)It wasn’t bad for me either. I traded in short bursts under specific fixed conditions, only a few times a day, and I also put effort into videos this year, which may have helped. And having friends I could contact in real time about trades was huge. If I had traded haphazardly, it might have been tougher, but because of those factors I stayed careful, and I didn’t really suffer any true losses this year.

Editorial Department: By outputting, you were able to trade more cautiously, right?

Fu-taAdditionally, the decades-long research into extending profits evolved steadily this year, and there were more trades where I could take 10–20 pips even in scalping.

Editorial Department: Given the volatility this year, it makes sense that the short-term traders did well. Now, how about the representative mid- to long-term trader, Mr. Dollars Empress? (Note: I will translate the name as Kawasaki Dora-emon.)

Kawasaki Doraemon (hereafter Doraemon)In the early part of the year, due to the pandemic, I wasn’t doing well. Now that the end-of-year anomaly has started to work, my performance is picking up. I had almost given up, so I focused on data collection and analysis. My biggest mistake this year was in real-time trading where oil went negative for me (laughs). However, that turned into a hint, expanding my FX weather forecasts to include data from stocks, commodities, and cryptocurrencies as well. Relying on FX alone may make future profits difficult, I think.