Stage 1 Interview with the Champion

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The 1st stage of the 2020 Trading Cup was a thrilling race to the end, a few of the top 3 stumbling in the last few days while others rocketed up the leaderboard.

In the end, Mao Long Yang held on.

Renee Li had the pleasure of interviewing Mao Long Yang over the phone, capturing his background, his strategies and how he was able to achieve such an outstanding return.

Below is a reminder of the incredible returns posted for June, in stage 1.

Scroll down below to read the full interview.

Stage-1-Interview-with-the-Champion-Leaderboard

Question:

Hello, Mr. Yang, thank you for doing this interview. Would you like to introduce yourself first?

Answer:

I am a programmer. I work for an internet company about five or six years ago. My friends introduced me to Forex trading. That's how I got involved and started to trade. I like to trade Gold and EUR/USD

Question:

Firstly, on behalf of ACY Securities, I would like to congratulate you as you came first in Trading Cup stage 1 competition. So, congratulations Mr. Young. And I noticed that you achieved a more than 780 percentage of return. That's a really good outcome. Congratulations again! And you mentioned that you normally trade gold and EUR/USD. So, did you trade these 2 products at stage one? 

Answer:

I only traded gold. 

Question:

What method of trading did you use, such as fundamental analysis, technical analysis, or rational analysis? 

Answer:

I mainly use technical analysis, as I mentioned, I'm a programmer. When I traded in stage one, I mainly used the indicator Bollinger bands. 

Question:

What about your trading strategies?

Answer:

When I traded in stage one, I mainly used the indicator Bollinger bands. 

Question:

Would you like to recommend some good experiences or lessons that you learned during stage one trading competition? 

Answer:

Yes, I will try my best. I think part of the reason is because of luck. Funny story, before I went on a plane I didn’t close some of the positions that I was holding, and after I got out of the plane and those positions made a lot of profits. So, I think I was quite lucky. 

Question:

Oh, that's pretty good. But I also think that apart from luck, there must be some other reasons that led to such good performance. It might be some strategies that you followed, or you applied that help you to achieve this great outcome. Would you like to share with us?

Answer:

Yes. I would like to share. So, I think 50% is luck. Another 50% is the strategy that I applied. My strategy is to take heavy positions and trade heavily. And for each position, the profit target that I set is small, but the lost point that I set is comparatively much larger. So I think this strategy helped me outperformed in this competition. Also, I traded very frequently as well. I think I placed more than 250 orders in stage one competition. I think I probably placed the most lots among all the competitors at stage 1 competition. 

Question:

I notice that you have already entered the stage two competition and  you have already started trading. I would like to ask if is there any strategies or anything you would change or adjust based on what happened in stage one?

Answer:

Yes, stage one gave me really good experiences. I think the most important part is gaining experience which can help me shape my trading strategies and my mentality. And, what I cannot stress enough is the psychology side of trading. Although we're all familiar with it, we need to keep in mind that implementing the trading strategies and stick to the plan is critical for every trader. 

Question:

What do you love about the 2020 trading cup so far?

Answer:

ACY Securities provides a really good opportunity and platform for traders like me to horn trading skills and gain experiences. I enjoyed this competition so far and I wish ACY Securities all the best.