I’m an anonymous part-time trader and investor based in Sweden. Follow me on my journey from one dollar to one million dollars. My dream is to be able to do this full time and create generational wealth.
I started trading around 2010. When I was rookie trader I’ve made my mistakes and tried to learn from them. By learning from other peoples mistake I hope to learn faster. I’ve tried too high leverage and not diversifying enough while focusing mostly on short term profits. I’ve done that and moved on. My trading and longterm investing have only been profitable the last few years. This blog will document my journey to become a better trader and investor through studies and self discipline. Hopefully you can learn some too.
Currently I’m mainly focused on markets I believe are undervalued. They are the major (Large Cap) cryptocurrencies (Bitcoin, Ether, Litecoin, Ripple) and precious metals (Gold and Silver) and miners. I will most likely focus on these markets the next 1-3 years.
My longterm trading and investing strategy is mainly to swing trade, holding for months to years. Currently I have 3 portfolios that I share. My Swedish and Foreign portfolios are for longterm (months to years) trades and investments. My trading portfolio is for shortterm trades (Hours to weeks) I will not post about my trading portfolio other than the portfolio value.
I’m learning about rule 1 investing and the CAN SLIM method. Rule 1 is to not lose money. It’s the same rule as Benjamin Graham and his student Warren Buffet are using. It’s also about finding growth stocks and buy them when they are on sale. CAN SLIM is a system of seven characteristics that top-performing stocks often share before making their biggest price gains. It was developed in the 1950s by Investor’s Business Daily founder William O’Neil.
I’m in the process of building up a watchlist for companies I wish to research and hopefully I’ll find a one or two that are continuing growing and are undervalued. If they are not undervalued I’ll wait for an event that will make them a bargain.
I will document my thoughts, mistakes and other useful information. For my readers who live in the Nordic countries and who have Shareville, you are able to follow my trades real time at https://www.shareville.se/medlemmar/izen/portfolios .
I also post updates on Twitter iZen (@iZentrades) / Twitter .
Best of luck (and skill)!