“The market is always right!”
IN CONVERSATION WITH Walter Peters
„You can’t make a profit by force. The next chance is sure to come.“
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Tell us something about yourself as a trader.
Nothing is more exciting than the stock market. It offers so many opportunities and challenges. As a trader, I try not to be guided by emotions and to use trends consistently.
What training do you have in finance, have you successfully obtained particular qualifications?
The stock market has interested and fascinated me since my youth. I practically grew into becoming a trader because my father was already active in the stock market. There are ten golden rules on the stock exchange – and the first is: Forget your diploma!
What led you to become engaged in the capital markets?
During the New Market from 1996 to 1997 I dared to start trading with my savings. It all seemed very easy at the beginning – until the crash came and I learned the hard way. The second start in 2003 was quite different. I had developed a strategy and implemented it in a disciplined manner, with success. And I have remained true to this strategy to this day.
Why are you at Follow MyMoney?
It’s an exciting project. I think it’s great that with the app I can make my strategy and my success available to others. I’ll let myself be surprised. In my experience, it is not possible to achieve a consistently above-average investment result – unless I do something different from the majority. My followers can benefit from this.
Your target return?
Return targets are always hard to say. I have been running a professional trading depot since 2013, where I have a return of around 22 percent per year. That would also be a nice goal for my portfolio at MyTrader.
What particular recommendation would you give your followers?
You can’t make a profit by force, the next chance is sure to come. The stock market is a very difficult business. Fear and greed shouldn’t seize you: They are the worst killers.
„You can’t make a profit by force. The next chance is sure to come.“
Combining fundamental research and technical analysis, AskLORA picks three best stocks from the market each week for an investment period of four weeks. Each stock will have a target profit as well as a stop loss limit.
Medium to long-term trend-following model, taking risk and correlation into account.
Analysis of global financial markets to find short- and medium-term investment opportunities.
Smart day trading – exploiting short-term price responses in liquid securities or underlying assets.
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