If you look at my profile, you’ll probably see a topic that I created to write a diary before. It didn’t work out, I forgot about it, now I’m stuck at home incredibly bored during Coronavirus lockdown I thought I’d give it another crack and write a blog along the way. Because why not, I can only forget about it again.
My name is Oli, I’m based in the UK and have been investing and trading for about 10 years (sounds like an AA meeting here ) prepare for my life story…
I’m in my twenties, I’ve lived in several countries and have a gorgeous blonde wife from Scandinavia . I’m a College Lecturer in Electrical Engineering for a couple of days a week and trade/do what I want the rest of the week. I have been trading and investing for 11 years and am pretty happy with how things have gone so far
I like to trade the longer timeframes; I want my trade to tell a story and give me a reason to put a position on other than how a fib might look. I model myself on how CTAs operate, I like long trends that I can build and build on over decent time periods, taking short term contrarian positions and making the most of sentiment and solid research. Here I’ll be posting FX trades but I pretty much trade anything, from bonds to bushels as long it has a compelling narrative and a decent trend.
Why I trade this way?
Can I day trade? Hell yeah. My own mentor is in fact a well-known day trader. However, I hate sitting in front of a screen all day, tried it and am not a fan it just doesn’t interest me. Let me do a few hours of analysis now and then, flick through some charts, read up on what’s happening in the world then let me go and do something fun. Also, I’m just not enamoured by the fact that you have to make constant quick decisions all day, Its just not my style. I remember one of my teaching colleagues said to me once “Oli if you where anymore relaxed, you’d be a blob on the floor”. That’s my style.
It makes me think of back in school everyone was shooting each up on the fast-paced Call of duty games whereas I was always much more interested in strategically conquering nations on Age of empires or Civilization. Even back then I found macroeconomics, geopolitics, and global events highly fascinating. (I was a weird kid).
Was I profitable instantly? I wish. My first year I broke even so Hooray for me, the second year dropped about 15%. Knowing what I do now that’s not too bad either, probably a good thing actually… Since then I’ve managed to stay in profit and feel I’ve “paid my tuition” to the market.
Why try and start this diary again? Well simply to prove that it is more than possible to do this with a bit of patience and perseverance and help a few people along the way. I don’t want anyone to copy my trades or the way I trade (I’ve tried that, it doesn’t work) but show people they can find their own way. Like I said earlier my own mentor is a day trader, I’m not, but both work but I think my way has a much lower failure rate.
Before anyone accuses me, I’m not looking to create a signals service because basically I can’t, you have to have a Lamborghini for that. I do want to help people though, in teaching we call it scaffolding, giving people a little and encouraging them to independently solve problems and build on what they already know then giving them even more confidence to solve their own problems. As well as that, I don’t like to be challenged and I hate running but I know both are good for you, I trade slightly different every year and that’s from either changing conditions or paradigm shifts which are usually brought on by other people. I remember when I first became a Lecturer, I learnt way more because people asked me questions and challenged me, so please do.
If I don’t answer anymore I expect its because Coronas probably been eradicated and I’ve likely decided to do something fun again.
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Anyway, I need to post up some positions and have another glass of rum or something. Let the moolah begin to flow.