I started my trading career with the odd speculative stock purchase in 1993. During those early days, most of my decision-making was fundamental in nature, or rather, what the business press had to say about some or other company's fundamentals. I soon came to realize that, by the time you read about something in the press, it was much too late to do anything about it.
The distinct feeling of "being the last one to know" that I got from my version of fundamental analysis, led me toward technical analyses of the markets. I was hooked by the notion that the mathematics behind technical analysis would not be able to lie or intentionally mislead. As I became proficient in analyzing the markets from a technical viewpoint, I identified the next challenge toward turning my now sporadic successful trades into a consistently profitable track record. I realized that, by using lagging technical indicators, my actions and results would always lag behind those of the consistent winners out there.
It was my search for a leading indicator that led me toward Fibonacci work. While I found the principles of Fibonacci ratios, as applied to price movement, interesting and seemingly useful, I struggled with the practical application of it within my trading. It was the search for better practical application methods that led me to Joe DiNapoli and D-Level Trading. While my own progress had me focusing, first on lagging indicators on their own and then on leading Fibonacci work on its own, Joe's work showed me the power of mixing leading and lagging indicators. His concepts of directional and trend trading gave me the opportunity to differentiate between times to be conservative and times to be aggressive. I have always believed that it is the occasional "home run" that takes yearly results to above average. The high probabilities associated with directional trading, and the opportunity for controlled pyramiding of a big position, makes this possible.
As I came full circle with regards to establishing myself within a trust worthy trading methodology, my full attention turned toward money-management and the psychological aspects of financial risk taking. I consider money- and self-management to be the most important aspects of my trading setup, and it is within these aspects that I continue to grow.
I have focused my trading within the forex markets for the last 5 years. I made the decision to only trade forex because of the opportunity factor associated to these very liquid 24hour markets.
I was appointed as the managing director of a leading teaching institution
specializing in the forex markets. Our mission was to educate traders about
the challenges facing them, amongst others:
* Forex market knowledge
* Psychology of financial risk taking
* System development within the forex markets
* Running a trading business
I currently manage my own company called "Professional Asset Management",
where we make consistent returns for our clients accounts and our own accounts.
I live in Pretoria, South Africa, where I run a company called Professional Asset Management, managing my own and selected client funds.
Direct contact details:
pamtrading@mweb.co.za
+27828549774