Hi, my name is Victor and I want to introduce you in here to my trading style and my Darwin VIW.
About my strategy VIW.
I have been trading market structure based on Wave Theory since August 2014 when I joined Anil Mangal, the creator of the Wave Theory as I know it.
To me (and others with me) this Wave Theory has proven to work. I had some challenges in trading psychology and learning how to think about trading with people investing in me, more detail about that below under “About my history”.
Based on that I see an importance in Investors seeing how my equity relates to my balance and how I am in line with my goals. For this purpose I share a link to my account on Myfxbook.
- For main performance goals, see Myfxbook (Goals)
- Maximum draw-down on my account of about 25% (Darwin may be somewhat different)
With wave trading there are many levels to trade from big waves to small waves. Big trades have big corrections and small waves of course have smaller corrections. With these goals/aims it is my purpose to make the wave trading a viable investment.
Looking forward to our collective success and thanks to those that have and will put their trust in me
If you have any questions please add them to this chat topic.
If you choose to enter an investment on my Darwin please check the equity percentage first. That mostly can still go back to 100% or even to about 90%, which will put me in about break-even or a small draw-down whilst if you start investing at a high it can put you in a bigger loss.
About my history
In March 2012 I learned about the Forex. Before that time I never heard of it and did not know what a pip was.
Then, after a month of studying babypips, I opened my first account the start of April on Etoro (not recommended ), divided my account in 5, invested in 4 others and kept 20% to learn trading myself. In the 1st week I lost 20% of my account. I decided that this was not the way to go and concentrated on learning myself.
A week later I joined a group paying, for me, a lot of money in a monthly fee for charts, learning and a trading room. The good thing with that was I never blew up my account . I did however see my account decline over time. At some point another student from that group was promoted as doing an advanced course.
In August 2014 I gave that a shot, and this for me was life changing.The first half year I actually already saw my account going up again instead of down. Also I saw that I needed much less tools and after paying once for the course there was no monthly fee either. After about half a year we started a trading room. My learning went up incrementally by being in that trading room. Of course, as it goes with euphoria, I became over confident and came into big draw-downs. Nothing account threatening but still it slowed down things immensely.
So in August 2015 I started a new account and although I had quite some draw-downs it was successful. After 3 months I made it available for copy trading. Within 2 months I had something like $300K following. But I did not really see anything coming back from that in payouts and I was not too happy about how that was going. Then someone from the Darwinex community pointed me in the direction of Darwinex, I studied their site and video’s for about 2 weeks and what I saw was highly impressive.
In the beginning of January 2016 I migrated that account to Darwinex. This started a new journey of learning. Already quickly I noticed that it was very tough because now the equity became much more important than the balance . On top of that there were some challenges in the market starting February 2016 that caused me to go in a draw-down and this whole thing was a challenge for me in the area of trading psychology. It took me a long time to get out of that and this was, as you can imagine, loosing me investors (WZG Darwin). When having come back reasonably half way last year I saw another draw-down happening And still not having fully recovered (mentally) from the previous one I entered a spiral of loss-aversion.
This has resulted in me trying to get a better hold on that from the end of last year (making a few restarts with new accounts). In wave trading there is a validity in having big draw-downs as long as the structure is still doing what is expected. A challenge in this is to find a right balance in account-size, time and appearance to (potential) investors.This lead me to the the start of this new Darwin (VIW) in February this year. When I saw I could now choose the letters I went for V I W as short for Viable Investable Waves also to keep it as a reminder to myself that trading the waves must be viable for investors.