Interview with Jost Vevera
Jost Vevera is one of our providers of strategies available to our clients to invest in the Purple Zone client zone. His JOSTRADEMUS strategy is one of the most successful. So if you are interested in how someone who actively makes a living from thinking thinks about trading, this interview is an ideal opportunity for you.
How did you actually get into trading for the first time? In which markets did you start?
To this day, I remember that it was on September 16, 2012, when an advertisement about the possibility of trading on the stock exchange flashed for me for the first time. I filled out everything I needed, sent $ 100, and somehow started. I don't even know if I started the demo or went straight "straight away". I traded everything I came across. But I was lucky enough to have a broker who started taking care of me, so after about half a year I picked up my first $ 50 profit. Excited by my supposed perfection, I burned my account in a few days. I took another $ 100 and then another $ 100, until the stock market finally "stole" my whole $ 1000. In short, it engulfed me.
If you looked back, would you do it again? Do you remember any interesting memory, stories or story?
Thus began my era of trader. Over the next few years, I saw perhaps all the webinars, read all the possible lessons, and tried different trading styles with alternating successes and failures. After about five years, I became continuously profitable and I was happy. I didn't care if I made one cent or $ 100, mainly because I was in the red! (laughs) Then I worked for about a year on the fear of losing and trading in a little more money - in the thousands of dollars.
If someone asked me if I would do it again, my answer would be, "Of course I do!" Trading is a demanding but beautiful discipline.
What advice would you give to beginners who are just starting out in the financial markets?
Definitely start with a demo, but only until they understand the rules of the game. So how to open and close a store, how much will it take from my margin, etc. In short, the basics. Then you can proceed with real money, but with as little as possible. With today's regulations, which did not yet exist in 2012, $ 300-500 should suffice. It is the first test of mental resilience to loss and at the same time a test of greed. And last but not least, a test of patience. It is also impossible to learn without Maria's money. At the same time, I would advise beginner traders to be doubly careful when they really do well!
What market would you recommend to beginning traders? And why?
I think it doesn't matter who starts. Let everyone try stocks, indices, commodities and of course Forex. After a while, it will show what suits whom. Everything has its requisites. For some, high volatility can be an advantage, for others calm waters, and some would like to trade only in the afternoon (of course in our geographical areas).
How long have you been trading for real money?
Basically from the beginning.
Do you remember your best and worst deal?
It's basically one and the same business. It was in November 2014, when a vote on the return to the gold standard was to be voted on in Switzerland on Saturday. Forecasts indicated that it would not be approved, but I did not believe them. It was Friday and gold was falling and I was still buying (after about a $ 20 drop per ounce). I broke all the rules of money management. The stock market closed, forecasts came true on Saturday, and I watched in horror on Sunday midnight and how big the gap would be.
Of course, the gap was huge, anyway, the bill survived. Well, on Monday afternoon, everything turned to gold and I took a pretty decent profit. No one knew why the gold suddenly turned. After about two days, something like a reassessment of the portfolio of one large investment fund was published.
And why the best and the worst at the same time? Well, because it's nice to make money, but it's a little less nice to rely only on chance. Of course, nothing is certain in the markets and chance can sometimes help, but it is not possible to build on it.
Trading is not roulette and I am not a gambler. I am very careful and modestly proud of my percentage success, but so far there is nothing but a continuous study of graphs, reports and thousands of hours of experience. And above all, humility and great respect for possible market movements.
Do you consider yourself a "professional trader"?
Wouldn't that be an easier question? (laughs) You know, an enthusiastic amateur is often better than any professional. A professional should always be able to deliver a consistently high quality result (for example, a musician). An amateur can do it once worse, once better (and maybe even better than a professional). The markets are different every day and the professional should be able to deliver the same good result every time. So, from this point of view, unfortunately, I'm probably not a professional, but again, when you look at the performance chart of my strategy (JOSTRADAMUS), I have a good time.
How did you decide to become a strategy provider?
I have strict rules of money management and position size based on percentages. Therefore, if I omit a certain psychological complexity when switching to trading with 10% larger volumes, I actually do the same activity all the time. So why not to become a strategy provider?
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What does your normal trading day look like?
During the morning coffee, I start the computer and check on the M15 what happened at night. Then I play D1 and try to find the currency pairs that are farthest from certain price actions. I choose two to three currency pairs or currencies and then monitor them during the day. When the conditions are met, I enter the store and wait for the trading opportunity. There are actually only a few differences between me and the fisherman. The fisherman sits by the pond, has a rod and landing net. I'm sitting at the monitor, I have charts and a keyboard, and we're both waiting for the right moment to get stuck.
Do you trade alone, or are you part of a business community where you exchange views and share experiences?
I trade on my own, but whenever I have the opportunity to talk to someone about the markets, I go against it.
Your strategy - JOSTRADEMUSis available in the Purple Zone, where people can join it. Tell us more about the strategy and its strengths, what are their performance?
My strategy is basically simple. I mainly choose so-called cary trade pairs, ie currency pairs with a positive or in the worst case a small swap. The downside is that it only allows trade in one direction, and when it goes the other way around, I can't trade and I have to wait. This means that I always trade only some currency pairs, moreover only in one direction, until a certain price action is reached. Once it is achieved, I have to wait for an opportunity elsewhere. Sometimes it happens that I do not close the position within a few days and I wait months. However, this disadvantage is also an advantage, because I am rewarded with a positive swap for waiting. I hold some positions only because of the swap. I target the performance of this strategy at 2-5% per month. The level of risk corresponds to this.
What do you think is the future of the forex market and trading?
I think, and I firmly hope, that trading will be more or less the same, including approximately comparable volatility. And as for the use of robots, for example, my rules are clear, but difficult to define exactly, so for me robots certainly not.
In addition to trading, what do you do in your free time?
Being a convinced anti-athlete, I prefer passive entertainment. I like to read something, play a movie, or better yet, play a grill (laughs). I like to experiment with drying and smoking meat. For example, I am going for an extra hard dried salami with several years of shelf life, and right now I am eating meat that I dried a year ago. I like to travel and, of course, taste local specialties, which I try to cook when I return home. Well, the stock market is better for me (laughs).
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