James Helliwell, Chief Investment Strategist at Million Dollar Traders & contributor to eToro offers very candid insights in this ‘Traders Masterclass’.
- What is the capital markets outlook from a trader’s perspective? (start)
- Typically what are the best conditions for trading? (02:48)
- What characteristics do you need to be successful trader? (05:08)
- How many traders actually make money? (11:08)
- What differentiates those that do vs those that don’t? (12:08)
- Targeted returns for professional traders? (15:08)
- What methodology do you use (17:18)? 5 step approach - Idea generation, fundamental/technical analysis, investor psychology & risk mgt.
- Do you use ‘Stop Losses’? (29:43)
- What’s the importance of social media? (32:33)
- Why focus on single stocks compared to other assets? (33:48)
- How many positions to hold? (36:38)
- What KPIs use to measure performance? (37:13)
- When to sell? (40:28)
- Any stocks to run the slide rule over? (41:18)
- What final advice for budding Bobby Axelrods of Billions? (51:28)