Hello fellow traders and potential investors,
It's exciting to be here participating in Darwinex, the revolutionary exchange for traders and investors. Let me introduce a little about myself and my Darwin MYY.
I have been trading since 2008, started with stocks for long term investing, later learned to trade futures for short term trading. My education background is in Engineering, yes that doesn't help at all in terms of trading. It's actually more of a hindrance than benefit, because trading is more an Art than Science. It took me some time to remove my engineer hat and accept that there is no holy grail, no 95% confidence interval in trading. In the trading world, being wrong is actually part of the business, unlike in engineering where wrong decisions are not allowed.
I'm a manual trader who trades with both fundamentals and technical analysis. I trade forex, gold, oil and Stoxx50. I consistently screen thru many charts and read fundamental news looking for trading opportunities. I don't scalp, you can see my average win pips is around 50 pips. I don't use martingale or grid, I only enter 1 or 2 entries per pair. And my overall leverage is usually below 5x. I trade a basket of currency pairs, commodities or equity index, that's why you see leverage is ranging over time depending on how many trade ideas I'm trading, not because I'm trying to rescue my losing positions, leverage will never be more than 10x.
Since I'm a manual trader, I place great emphasis on psychology. I always make sure I only trade when my mind and temper is calm and stable, I put this at very high priority especially when I'm in drawdown or in a winning streak. I manage my finance very well, I make sure that I can still pay all my bills during drawdown period, especially when investors start to leave. And I actually have enough safety funds to survive 2 years without trading income. During winning streak, I will constantly remind myself the next losing trade can be here anytime and I just need to stay calm and follow my usual trading plan as normal, keep away from that euphoria feeling. I have a trading plan written down, and it's a ritual to read it thru every morning before I start my trading day.
Risk management is my top priority, especially during drawdown, I will make sure I don't blow the account. That's why you see I always use very low leverage on my trades, I want to make money with my trading edge, not by gambling with high leverage. Good thing Darwinex already have a risk manager in place to limit the risk of Darwin, I will keep my VaR stable, Rs and Ra should be always green. I will ensure the drawdown will not exceed 35%. Even in events like the CHF unpeg or brexit weekends, DD will not exceed 20% even if we really get caught by it, but I didn't get caught in both events.
As I have mentioned, profit is secondary in my trading, managing risk is my top priority. So how much profit can I generate depends on the volatility and the number of trade ideas or opportunities available in the market. I'm always watching the market, even during my holidays. So I will make sure I try to find as many trade ideas I can. Trading is my life and I'm very passionate about it. I think I have not had a day not watching the market for the past 10 years. Basically, the more trade ideas I get, the more profits I will generate. I will not try to leverage up to get more profits, my focus is to follow my trading plan and just take whatever profits the market is giving.
Trader's Trading Philosophy
Be patient, calm, alert, consistently adapt to changes in the market. Build a business that can last forever, contribute to the society by providing an alternative passive investment opportunity.
Best way to invest in my Darwin
I suggest you invest with a demo first, get a feel of the Darwin's volatility for a few months or even a year first, EX is still low at the moment, so I don't expect any investors in near future yet, I will focus on building the account. If you are interested to invest in my Darwin MYY, I suggest you use the buy and hold strategy instead of trying to trade it, because if I cannot predict when will my drawdown come, the chances are you will not be able too. But please don't put all your funds in 1 darwin, diversify it to a few, there are a lot of good darwins in the exchange. With my risk management together with Darwinex's risk manager, I dare to say it is impossible to blow your account. If things don't go well, I think it's more likely that I will quit and let you know before the Darwin blows up.