Interview with TraderJTS (DARWIN $AXR)

23 October 2017
The Market Owl

Next in our series of trader interviews is TraderJTS, the trader behind DARWIN $AXR. Despite having a relatively low Experience score, $AXR got himself a spot in the “On Fire” & the “>50 % Return”  filters. Good stuff!

Want to know more about TraderJTS? Read on!

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

I have been trading since 2006.  I started investing thanks to my father who has always liked the world of investments.

Around that time I started with shares in Telefónica, a Spanish telco.  I soon realised that I needed a large capital in order to achieve significant profits and there had to be some product with which I could reach a better return with my capital.

That is when I started to search online and I found the world of Forex and leverage.

Even though I supplement my work as an engineer with trading, my goal is to try to live solely from trading.  The truth be told, this is something which is very difficult, but now that Darwinex has come along I think this goal is now more realistic.

About your trading strategy: what pairs do you usually trade?  Do you always trade the same timeframes?

I analyse many pairs but generally speaking I like to trade on the most volatile ones. Above all those that have to do with the Yen and the Aussie (EURJPY, GBPJPY, EURAUD, GBPAUD).  Also, I am trying to incorporate the XAUUSD.

In terms of timeframes, I tend to trade with the H4 timeframe and I have found entries with M5.

As a trading, what would you say is your greatest strength?

I think that my main virtue is the capacity for analysis and looking for opportunities and patterns in the market.

I think that my studies to be an engineer have helped me a lot to obtain important aspects of trading, such as discipline and analysis.

And you biggest weakness?

I continued to be very obsessed with timing and with finding perfect strategies.  And I still let opportunities slip away due to not entering with perfect timing.

It is something that I am trying to correct, although from my point of view risk management is more important than timing.  With a good risk management the strategy doesn’t need to be perfect to be profitable.

According to our algorithms, your strategy stands out in particular for its Loss Aversion management.  Do you have any advice you can give to other users to improve their score in this attribute?

Before entering a trade it is important to establish the Stop Loss and Take Profit levels, as well as adjusting the risk in terms of this Stop Loss.

My advice is to place the SL and Tp, ‘forget’ about the trade and try to let it close by itself, whether that makes a profit or a loss.

What would you say is the most important lesson you have learnt in the world of trading?

The most important lesson I have learnt is humility.  Do not get ahead of yourself in a good spell, nor sink when you go through a rough patch.

Follow your system in a disciplined manner, and more likely than not you will end up being profitable.

Lastly, do you have any comments you would like to add for other traders or investors who are reading?

For the traders who decide to start in this world, I would recommend that they be patient.  Study well and start by investing little capital in order to see how you control your emotions.  Demo accounts are very good but then in the live accounts things are very different. Steer clear of any smooth talkers who promise a monthly income of 10,000€ or that you are going to become a millionaire in two days.

For the investors, in regards to the DARWIN $AXR I’d not recommend scalping or short term investments because this DARWIN is based on a tendency strategy. I’d say it is better to invest in it on a medium to long term basis.  If not, you run the risk of closing an investment with losses… holding out a little it would have ended up being profitable.