I am a former trader at investment banks and hedge funds. I have an MBA in Finance and pride myself on being able to identify value stocks with explosive or significant growth potential. I pride myself on being almost always right on direction though sometimes off on timing.
I focus on event-driven or trend-driven strategies with an eye on macro-economic factors that could influence the trade. I am not a big fan of diversification and concur with Warren Buffet - "Diversification is a protection against ignorance. It makes very little sense for those who know what they're doing".
At any given time I am in less than 10 stocks and always have an exit price at the moment I enter the trade because trading discipline is what differentiates the best investors from the others - not just picking stocks. I always use limit orders and sometimes trailing stops.
Every day when I start, I make a decision without regard for whether I am in-the-money or not on a particular position. "If am to buy the stock today, would I enter a position at this price?". If the answer is no, it is time to get out.
Sometimes I will get out of positions earlier than my exit price because if a stock moves up to 70-80 percent of the delta between my entry price and my target exit price, the wait involved in squeezing the last 20 percent may not be worth it. There are ALWAYS many good opportunities in which I can make more by exiting the position and playing the 70-80 percent of the next stock.
I use basic options to leverage my returns: Long calls if I am very confident of the timing as well as direction. LEAPS if I am slightly unsure of the timing but confident of the direction. I do not care about pricing options exactly right based on implied or realized volatility because I am in it for the dollars not the cents.
I am engaged in trading Asian emerging market currencies and formerly the accountant for and a staff member of a local non profit business engaged in community service.
Please understand, the views I express are my own and are not intended to influence any positions other than my own and for our business. I have a degree in business management with an emphasis in economics.
Formerly enlisted in USAF Air Defense, both ballistic missile and aerospace defense, including joint service counter narcotics surveillance and deployments under imminent danger.
I was a partner in a small business, now a retired saver being punished by the central bank.