Hello all! I am a small-time retail trader/investor. I adopt a macro type methodology to trading.
I started my trading journey dabbling in Forex (Im sure many of you will laugh at that!)
It was one of those markets designed to trap retail traders - leverage, low minimum deposit, marketing tend to portray the get-rich-quick attitude, community promotes techniques such as martingale. As do many others, the reason I wanted to trade is to get rich and to get rich quick.
I learnt my lesson one day when I nearly blew out my entire account. Luckily for me, it wasn't a huge sum of money. But the experience left me dumbfounded, and it was a huge blow to my ego - I thought I was profitable!
That was when I vowed to take trading seriously. I started self-studying macroeconomics, read trading/investing books, followed financial news. I researched famous traders/investors and analysed their methodology, these lessons inflenced and shaped my trading methodology.
Big names whom have a profound impact on me includes the almighty Warren Buffett (The concept of Value Investing), George Soros (Dare to bet big when you are right), Stanley Druckenmiller (Concentrated Portfolio), Seth Klarman (Margin of safety), Michael Burry (Stick to your positions when you know you are right), Ray Dalio (Learn from your mistakes), Paul Tudor Jones (Do not let past losses your decision).
About a year later, I decided to invest in stocks. My stock picking methodology incorporates my experiences in currency trading. I tend to consider macro factors when picking stocks.
I still trade Forex, and have since ventured into trading equity indices and commodities. Currently, much of my focus is still towards currencies (there is a huge opportunity for the USD). But I am trying to focus more on stocks and reduce my reliance on currency trading.
My trading methodology leans towards global macro style of trading. But I do consider micro factors. It is my philosophy to search for opportunities where both the macro and micro factors align. These opportunities can occur anywhere and in any asset class. At the same time, I believe that there must be significant margin of safety for when expectations of macro and micro factors are wrong. I do not discriminate between diversification and concentration, I will opt to diversify (or stay out) when I am uncertain and opt to concentrate when I am certain. I also do not discriminate between value, growth, investing or speculation. Opportunities can come in any form, it is up to us as individuals to determine if the risk is worth taking.
I am also a firm believer that all it takes is one good trade to make your year, this belief stems from reading about others as well as personal experience. Trade horizon wise, my high conviction trades are often multi-months in horizon. However I might take intraday trades if I percieve there to be an opportunity. I usually size my intraday trades small as a way of controlling my risk. If it plays out in my favour than good for me, but if it doesn't, no worries as my losses are tiny.
I hope to share and hopefully promote my unique(?) style of trading. And hopefully make some new friends to bounce ideas off :)