I am absolutely encapsulated by trading; I love it. How can you not love a challenge whereby if you “solve the puzzle” then financial freedom is the prize?
I don’t trade for excitement or entertainment. Trading provides me with an opportunity to continuously learn, develop and grow.
Which market is the best to trade? Any market that provides me with the right opportunity. What is the right opportunity? One that I know how to successfully trade.
I’m always bemused when I see that a trader “specialises in GBP/USD” or just trades “large cap stocks”. I truly believe that although a skilled trader will have their preferences, any market is tradable. The reasons for entering a position matter much more, as does in-trade management. I once saw a post asking a trader why they were “so obsessed with Gold” when there are over 30,000 instruments to trade?
I trade two main strategies:
- Commodities, Currencies, Indices and Treasuries using classical chart pattern techniques taught by Robert D. Edwards and John Magee.
- Long/Short Global Equity based upon Macroeconomics, Bottom Up and Technical analysis.
Chart timeframe: Daily, Weekly and Monthly Charts
% of capital at risk: 1% per trade (or as close to as possible)
Positions can last from a few days, to a few weeks or months. The longer, the better as I always ‘Run the winners’ and ‘Cut the losers’.
I never trade intraday. As a wise man once said “Day trading is like picking up pennies in front of a steam roller”