Some people in this forum know me already, however I am going to talk a little bit about me.
I am a happily married 57 years old man who usually think out of the box, originally from Spain, but I have lived in four countries, so I got many battles on my shoulders, some victories, many loses.
In the last years I’ve been suffering hearing loss problems, and that has limited my professional activities, then I found a passion in trading.
I started trading about four years ago, and I have learned many things from there on (some on the books, videos, etc…others the hard way).
I don’t pretend to make a living from this activity. Fortunately I have a good living already. Trading is a passion, and it is a challenge for me. I have been successful in other activities, and I want to be successful in this endeavor too. I have put and I am still putting many hours to learn more. My main goal here is not money (money is always welcome). My goal is personal, I just want to be a successful trader, and then giving investors an opportunity to make some money together.
Other passions: family, traveling, and sports.
Now, a little bit about FIU
Strategy: I used several strategies, all of them based on technical analysis and price action.
Timeframe: from 5m to 1h, usually 15m
Entry rule: I use a combination of technical analysis.
Exit rule: I usually (not always) use supports and resistances as references.
Risk management: The most important rule of this darwin is the risk control, however I have an under control range of risk based on the analysis of every trade.
Portfolio: Main Forex pairs.
FIU is intented to be a darwin to attract a maximum of $500.000 (or when the impact of investments makes the darwin not profitable for investors).
I am not greedy with this darwin, I use to close positions with small profits, and stop losses same way. My goal is 15%-20% profit per year, and I don’t expect bigger draw downs than 12%-15%.
You are going to see that I don’t have a steady average trading times per day. It is because I won’t trade to win Darwinia (if it happens…great), it is not my goal. I only trade when I see an opportunity, and some days the market is not friendly for my strategy, then I just seat and watch. Other times it is the opposite, and I trade more often.
However, it will be extremely unusual to have more than two positions opened at same time (most of the time I’ll have one or none).
My average trade will last 2-3 hours, however sometimes if the price is not moving it could last more. I don’t use to leave opened positions during the weekend (while it could happen eventually).
I ALWAYS use stop loss.
I barely average down, and if I do it it is because my analysis tell me to do it, not to make a bigger hole, and will always be under control and my risk management tolerance.
NOTE: the RS attribute can be low because I am a manual trader and I can use a variable risk percentage (every trade can be different) and this behavior change the RS, but it is not because I abuse the risk, on fact that’s the opposite, risk control and money management are my most important objectives trading FIU.
Please, let me know if you have any question.
See you in the forum.