Just short of a quarter-century of full-time trading in the widest variety of share categories brings a rich bounty of experience, navigating me well through all market phases. I pass on this experience as a mentor to traders keen to learn, in the form of training courses.
What training do you have in finance, have you successfully obtained particular qualifications?
I took a degree in industrial economics, but I have always been more a practical than a theoretical person. I started to trade on the stock exchange at 18; at 19 I was a self-employed trader and taught myself everything.
What led you to become engaged in the capital markets?
At the time I was taking my school-leaving examination many of my fellow students were trading with shares – and already earning six-figure sums. This woke my interest: I began myself to buy shares. At the start the bull market took me along with the tide and brought me high profits. But then I could see that it needs more than caprice and luck. So I learnt the trading process from the bottom upwards.
Why are you at Follow MyMoney?
The concept is fantastic and exactly fills the gap which exists particularly in the retail sector: traders have either too little knowledge, or too little time, or no strategy. And Follow MyMoney handles precisely that.
Your target return?
I aim at 40% average per year. Of course the result varies from this in almost every year. Sometimes above, sometimes below. But on average I succeed in full-time trading in earning a return of this kind.
What particular recommendation would you give your followers?
Trading is pretty well comparable with the business of a casino or an insurance company. We have statistical advantages and must attempt to bring them to bear over time through large-scale repetitions. Emotions have no place in this. The task is to implement a consistent strategy over a long period. Only in this way can contingent elements be reduced and eliminated.
„To win on the stock exchange, you must learn to be a good loser.“
My trading rests on a fundamentally statistical basis. In this process I take a multimarket approach.
Indices, raw materials, bonds, currencies.
S&P 500, GBP/USD, DAX, coffee, crude oil.
Analytical thinking and systematic dealing.
TRADE WITH THE STARS
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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 disclosure document (only available in German).