Interview with TevershamCapital (DARWIN $UEI)

3 July 2017
The Market Owl

Trader TevershamCapital imported his Teversham1 trading strategy  to Darwinex back in 2014. Since then, DARWIN $UEI has made a huge progress: it went through tough times in 2015, recovering in 2016 and making its D-Score skyrocket above 80 in 2017…  and finally making it to DarwinIA’s top spot in June 2017. Read on to learn more about the trader behind DARWINS $UEI and $GRF!

So, tell us a little about yourself. How did you get started and how long have you been trading for?

I initially got involved with trading when I first started my proper 9-5 job and realised that I wanted my savings to work as hard for me as I did for it.  In order to keep my risk low I simply traded index tracker funds.
This went well initially and in one year my investment gained 27%, not bad for a noob! This was however matched by an uneasy following year in which the fund lost value as it was “long only”. I had an awful experience not knowing whether to cut my losses or stick. In the end I stuck and eventually got out with a decent gain, but over a year of great unease whilst I was still investing into the fund but seeing my equity dwindle.
I then decided to learn about spreadbetting, which in the UK is tax free. This allows short and long trading and formed my introduction to active trading. I studied the various indicators and approaches and begun short and long trading equities. It was at this time that I discovered forex trading, which I immediately took an interest in and begun learning more about it. I was particulary interested in its global nature, the sheer size of the market and its 24/5 hours.
I never really looked back, spending a lot of time simply market watching, having a daily diary/blog drawings technical levels and patterns on charts until I felt I had a degree of harmony with them.
So, overall about 14 or so years. I discovered Darwinex, loved the concept and have been been with them (you!) ever since!
About your trading strategy: what pairs do you usually trade? Do you always trade the same timeframes?
I have limited myself to a few pairs, as no two behave the same. A good piece of advice I had early on was to simply follow/ watch and document one pair each day for at least 6 months, on the D1 timeframe. Keep a diary of what you see. This gives you a good sense of how the pair behaves.
I trade EUR/JPY, EUR/USD, GBP/USD and GBP/CAD. I find these act nicely as hedges/ complimentary pairs to one another.
I always trade the same timeframes, higher ones such as H1, H4 and daily and I only use the smaller timeframes for entries and exits.
As a trader, what would you say is your greatest strength?
Fussiness
And your biggest weakness?

 Impatience!

Our algos tell you are very good when it comes to Performance & Scalability. Any ideas for other traders who need to improve on those attributes?
Know your system and the conditions in which it thrives and fails. This is achieved by closely watching and getting to know a specific pair over an extended period of time.
What is the most important lesson you have learnt in your trading career?
No system will ever be perfect, all we can do is tweak and optimise it so it consistently makes small gains and even smaller losses!
Finally, any comment you’d like to share with the fellow traders who read this?
 Be in it for the long term and think like the big money!