Did you start from seed or tuber? This looks really young. For the me the keys to starting young lotus have been full sun, early planting in good soil, and space for the new plant to run and root. I tend to count the number of live leaves per growth node. As long as it's not decreasing, I don't mind if some of them die (which is how I keep track on water lilies--I don't know if I'm misapplying it to lotus). Increasing leaf size is always nice, too. There seems to be a point at which it "catches" and leaves stand up out of the water, bigger and bigger.
But I've killed more seedlings than I've kept alive, so I may not have the best advice.