A Trader to Watch
Julio Rus Fernandez, known in the OpenBook community as Malsolo, is a part time trader with 4 years of experience trading with a 3 year record at eToro and gaining more than 6,000 followers. But while Julio proclaims himself a part time trader his performance and strategies resemble that of a true pro.
Performance as a Kick Start
Since eventually it’s all about returns and risk vs return we thought it would be an idea place to start as to why Julio has to be on your watch list. His returns are 32.5% for the past 3 years, giving an average return of 9.72% per year, an enviable achievement for most asset managers. His Year-over-Year performance has surpassed that of the U.K. index, the FTSE100, by more than 8% and his performance in the past 36 months beat the French CAC40 by more than 25%.
The Power of Strategy
Julio’s success is only part of the story because of course there are many successful traders but what really makes him unique is the way he obtains his returns, because unlike some traders who obtain profits through high leverage and short term profits, Julio has a long term strategy. He trades bit by bit in small trades limiting his risks on the on hand while constantly profiting on the other. As seen below he has a combination of both copy trades as well as Forex and Commodities as of late, with profits per trade ranging from 3-5%. But, on a consistent basis, he sees 96.4% of profitable trades. His consistency, above all, reveals a trader with a strong emotional intelligence. Many traders have strategies but fail to stick with them due to psychological impacts on their trades, whether it’s greed, frustration or any other kind of emotion, but Julio just keeps holding the same strategy, signaling stability and consistency. Which means that even if he doesn’t perform well he maintains his strategy and ultimately, once conditions favor his strategy, his performance rebounds. Most traders fail to do so and when encountering a bad month or a bad week then they ditch their strategies and begin to lose their touch, but not in Julio’s case.
The Right Timing
One of the biggest debates when deciding whether or not to perform a trade is timing. Knowing when to trade and when to take your profits or cut your losses is key to succeeding and profiting. When following a trader the debate is more or less the same; is this the best time to start following him? In this case, Julio Rus Fernandez aka Malsolo. As illustrated in the chart below the question of timing when it comes to Malsolo is shrugged off by the trader’s ability to limit losses when the market is unfavorable and ride the wave when the market is favourable. Back in July 2012 when speculation mounted that the Fed was about to embark on new stimulus the market surged and so did profits for Julio under his OpenBook user name Malsolo. However, when markets then became less favorable Julio was able to cut back and limit the downside rather then sinking and losing his gains. When markets later returned to be favorable again he rode the wave once more, establishing himself as a trader who knows to take opportunities and avoid risk. Sure, he is only human and can make mistakes and risk always exists but whether you decide to follow him or not his qualities and wisdom make him a great trader to watch.
Click here to see how Malsolo has been doing over the past month
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