it has been quite some time since the last blog post but we were busy working on upgrades to Building a Trader's repertoire.
As such, it is my pleasure to announce that I recently passed the exam that allows me to become a licenced independent financial advisor as per Italian law. Also, I was head-hunted in late summer and have been lured back into the financial industry.
What does this mean for Building a Trader?
In the short-term, not much. But in the longer-term this means I can work with you on a 1-on-1 basis and will be enabled to offer not just general advice and coaching, but actual financial advisory which is tailored and highly regulated.
As an independent financial advisor I will not be affiliated with any bank or broker. I will analyse your personal situation and, together, we can build a plan that will (hopefully) help you meet your financial needs in the short, medium and long term.
Building a Trader Toolbox
Together with former coachee and current algo trader Kayne Eccles, we are building a toolbox that is extremely functional for financial planning and advisory.
Source: Island Savings
In the traditional financial needs pyramid, there are 2 areas our tools major on: accumulating wealth, and preserving wealth. We have planned 3 tools to help you achieve these goals.
Acculumation of wealth: the Global Risk Parity model. This has been implemented in real time since 2020 and has been delivering consistent risk-adjusted performance. We are also designing a model around volatility breakouts via options.
Wealth preservation/income generation: we are currently designing a simple but robust option income model on equities.
The work is slow but ongoing, so it is only a matter of time before the toolbox is complete.
What about Trading and Coaching?
Traders and aspiring coachees will be pleased to know my current job allows me enough time to follow a limited number of students at a time - which is fine because I only accept students that pass my assessment questionnaire.
As a testament to the kind of progress possible, here is a trade taken today on EUR/USD by one of my most recent students that is already executing in a consistent manner.
Here is his entry (short):
And here is where we currently stand at the time of writing:
But that's not all! A long-standing coachee, who traded a copy-trading account for over a year, is now sharing his concise trade ideas in our dedicated Slack room. They are slow-burn trades that mature over days and weeks. Artur is showing how he interacts with the markets despite having a full-time job that also requires him to work night-shifts.
If you are wondering whether trading part-time is indeed viable, Artur is living proof that it is.
Finally, we have a technical analysis report that we hope to bring online in early January at the latest. In this report, you will receive consistent and concise analysis on FX majors, Indices, Gold and Bitcoin.
The analysis is simple in nature but includes some proprietary measurements of volatility and directional pressure that are institutional in nature.
So stay tuned!