Fear, that’s the other guy’s problem
IN CONVERSATION WITH Tobias Adler
let your profits run and cut your losses short
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Tell us something about yourself as a trader.
I’ve dabbled in all sorts of fields as a trader: I started in the traditional way with shares, but I soon became interested in all the other asset classes as well. I got involved in cryptocurrencies very early on, for example, and have been trading them since 2012.
What training do you have in finance, have you successfully obtained particular qualifications?
I don’t have any special qualifications in the field. I learnt what I know from coaching sessions and taught myself.
What led you to become engaged in the capital markets?
I started in 2011 shortly before the Fukushima disaster. Because of the volatile market, I made a 50% profit on normal shares in two days. Then I switched to CFDs. I paid dearly for trading in CFDs because I didn’t know what I was doing. After that, I attended some webinars with the trading coach Samir Boyardan, who is now a good friend of mine. Samir put me in touch with Orkan Kuyas, who became my trading mentor. Due to my trading style, Orkan Kuyas picked me to become an admin for the “Facebooktrader” group on Facebook. Only a small number of hand-picked people are allowed to post their trades in the group. I was one of ten admins for the group, which currently has 15,000 members.
Why are you at Follow MyMoney?
Follow MyMoney finally makes it possible for me to give other people access to my trading style, my trading strategy and my trading robot – in line with the Follow MyMoney rules, of course.
Your target return?
In a good year, I expect a return of up to 400% with crypto trading.
What particular recommendation would you give your followers?
Only follow traders who already have a good track record and don’t always believe the hype. The trend is your friend. You can also get big points with trend reversal trading , like I do. But only do it once the trend reversal is confirmed – otherwise you will get your fingers burnt. Most importantly, though: to maximise your profits, you have to minimise your losses.
let your profits run and cut your losses short
Follow MyMoney is a product from FELS wealth GmbH, a FELS Group GmbH subsidiary company.
The FELS Group GmbH is a fintech company based in Kelkheim near Frankfurt, Germany. It has developed software that enables clients to easily and directly implement strategies from external and independent investment professionals, using their own securities account at their bank. This is made possible by an online financial platform on which select traders and investment professionals post their strategies and investment suggestions for clients. Clients receive these suggestions as a push service, by SMS or e-mail, and can follow them directly and in real time.
The provider of the investment services in accordance to section 2 German Securities Institutions Act (WpIG) is FELS wealth GmbH, Dieselstraße 2, 65779 Kelkheim. FELS wealth GmbH has a corresponding permit from the Federal Financial Supervisory Authority (BaFin) in accordance to section 15 German Securities Institutions Act (WpIG).
You should ensure that you have the risk appetite, relevant experience and knowledge before you start trading. Using the Follow MyTrader service entails risks to your capital. Amongst others, there is the risk of following traders whose ultimate purpose, or financial status, differs from yours. A Star Trader’s past performance is not a reliable indicator for his future performance. Detailed information is included in our Risk warnings document (only available in German).
FELS Group GmbH
Dieselstraße 2
65779 Kelkheim
Germany
info@followmymoney.de
https://followmymoney.de