Cliffs: I created a new-ish portfolio at 27/11
Portfolio composition: ERQ NTI STV THA UEI
To buy after a DD: KVL, KDT (or KDS)
Watching: many (CBY, CWT, CBV, SCQ, SYO etc)
Target: Buy and hold. Aiming for 12 darwins depending on time availability - more darwins require more monitoring. Equity at risk/monthly VAR staying <1400E. Make profits. Not in that order
Current portfolio thoughts/details
SYO I was planning to add SYO (perfect for my diversification aim) but the recent and sudden AUM increase (1mil+) in a darwin that shows divergence (but not AUM dependent one so far) made me wait.
ERQ is probably gonna be sold (waiting to see if this new investor takes her/his investment out of it as I think he did in 2-3 others). Simply put I see a small chance that ERQ with 1.1mil AUM is gonna be investable due to excessive divergence. I am sad.
KVL I hate that I sold it trying to trade it in the past. Perfect for diversification from the “soul” of this forum @CavaliereVerde.
THA scares me (no new high and bad divergence in the past) so I am watchijng it closely. I chose to add it for diversification.
UEI tight stop loss in this one. I like this trader’s participation in the forum.
STV the only volatility darwin I have in my portfolio. Prepared to toss it if the low volatility market period continues. I have sold LVS,GTD,ICX after 20%+ DD but at the same time I need one volatility darwin. Either STV or SCS are my current thoughts. FEG is also another option.
At the moment I plan to have 1 volatility darwin, 1 scalp, 1 news event, KVL, 2 sniper ones (as per the IP’s categorization). Adding SYO that trades stocks would be perfect but…
Main mistakes I made in the past:
a) Beginning of the year: small portfolio that had THA,LVS,QUA mainly in it. THA divergence and QUA DD/divergence hurt.
b) In the second part of the year: Having 7-8 (main ones: LVS,GTD,ICX,ERQ,NTI,PGH,STV) darwins in my portfolio that had way too many volatility darwins. The categorization of Darwins and the suggested diversification suggested on the Investor’s Program (IP) played a big role in making me give Darwinex another shot. I wish the IP was out at the start of the year though.
c) Buying and selling darwins more often than I would have liked.
More unecessary details for anyone caring:
After the abysmal results I had in 2018, particularly the last 3 months,
the recent darwinia changes, the mediocre results of people way more knowledgable in portfolio management and buying/finishing the darwinex’s investor program I have come to some (maybe wrong) conclusions.
This platform - darwinex - has created a new asset class and its my belief we (investors of darwinex) are the first to try to manage other traders strategies from newly created attributes. Its not as easy as it seems.
The new change in darwinia (traders need more money invested in their darwins to participate for higher prizes) makes me think that those attributes (dscore/rs/la etc) are not enough on their own to make the “who is the better darwin” distinction. The admittance in the investor’s program (from Javier Colón) that in order to be sure when to sell a darwin in most cases requires advanced statistical analysis with access in the API did little to change my mind.
In short I am here to make money but I also like this platform (the idea and its execution) so I was in a dilemma. My initial thought was to stop investing here but I decided to withdraw most of my funds and giving it another shot building a new portfolio with a smaller equity at risk (or “monthly risk tolerance” as is called in the program) and more importantly trying to apply what I learned from this program and what other people (@CavaliereVerde, @yhlasx @forexelate etc) are doing. Main reason I created this thread is because I thought that maybe I have something to add now after studying the investor’s program.