have passed since the start of the current edition of the WTI, and what a
difficult year 2015 is turning out. Since the start of the competition in
December participants following a risk parity approach lost money in everything
as asset classes went down concurrently. Those using leverage even made it
worse with risk parity generating big drawdowns. The risk payoff for taking
risk in equities was better than the payoff to take risk in bonds, but there
was no balance point. Most participants following risk parity lost a lot of
money mainly because interest rates being too low for adopting this strategy.
the events caused by Swiss National Bank drastic move. Again a lot of
participants trading forex lost a lot of money and are probably thinking twice
about the way to operate FX. Most Asian traders in the competition lost all the
equity in the account, along with the leader for December Alexander Ivanchev.
After trying to come back he is left with 2% of his initial capital.
saw the Greek program extension episode and the European QE, and the raising to
the lead of two other Bulgarian participants. Todor Angelov now with gains of
405% mainly trades CFDs but also Forex. The CFDs positions are only in stocks
regardless of the origin as long as they follow a trend. He now owns 2 stocks
in Canada, one in Brazil and one in Switzerland. He only applies fundamental
analysis with the help of a friend from time to time to tell him what is the
technical position. So far Angelov’s key strength seems to be his patience and
good discipline, holding positions for 3 months or more if necessary. So far he
has not misuse the leveraged provided by the CFDs having regularly 80% of his
place with gains of 132% is Mr. Grivnev a trader with rich experience has he
likes to introduce himself. He likes to trade forex as simple as possible
avoiding fancy strategies. This means that he also trades with the trend and if
the trend is up he will not even consider open short positions regardless the
time frame. That is what he means by trading simple. He takes into account odd
risks to many investors, like trading in a bad physical or psychological
condition, or not trading in days where he expects higher volatility because of
news, or closing all positions when he goes on weekend.
Something all short term forex traders should do.
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