Who are you? What’s your background?
I have been a physical tanker broker for some years and then switched to shipping derivatives. I have established, grown and then sold my own brokerage shop and then passed on the client side becoming a full time paid prop trader in 2007, trading for one of my best clients. Since then I have been a prop trader, till 2013-4 when I decided to dedicate myself only to my own business. Today I am one of Savius partners, a CTA and have interest and partnerships in other businesses ( brokerage shops, real estate, restaurants, etc)
Can you tell us a little bit about you as a trader? (Intraday or multi-day?)
I have been a long term trader for most part of my career as pro, as institutional tend to look into longer timeframes, where you spend more time analysis than trading. I started to be interested in intraday only in 2010. I have recently quit intraday trading, just don’t have time to follow it. At the moment I trade short term seasonals and invest time to research how to develop the best tools for my intraday traders. I often attend courses and study continuously to improve.
What is Savius today and what will it be in, let say, 2020? Will you add Forex as well to the challenge?
We are all futures professionals, so I prefer to stick to my field of expertise. I believe the future of this business is semi-automation, so we want to develop tools that would help discretionary traders perform at their best . Also we are working on how to fill the performance gap between demo and real trading.
What’s the biggest achievement you have had from Savius thus far? And in your life?
Well, Savius biggest achievement is being still in business after 6 years and having an immaculate reputation, even among forums. Intellectual honesty pays on the long run.
I don’t believe a man is his work or his wallet. I consider my biggest achievement in my life my beautiful family.
How do you see the future of trading? More and more small proxy traders or will the robots take over? 🙂
Robots are and will take over more and more, but that is more a problem for private bankers than for retail traders. For small traders there won’t be too many changes…Meaning they will keep losing their money as they do now.
Some people say that Trading success is due for 80% to the right psychology, would you agree? What’s Savius training approach?
In our course we provide a few techniques to try and overcome this issue. Generally speaking if you have psychological issues I would recommend to decrease your leverage and move to longer timeframes. In more practical terms at Savius we provide you with a strategic plan. You prepare your plan the day before. The more sound and detailed your plan is the better. The next day you just need to execute your plan. That would avoid become emotional hostage of your fears.
Who are the traders that enrolled with Savius in 2018 and have succeeded to get funded? What’s the “secret” of those who perform well and obtain funding?
In 2018 unfortunately we did not have any girls, even if one was very close to be funded. Generally speaking the profile is a male, in the mid 30ies, either from Italy or the US. We have noticed some get funded the first when having little experience, then come back a couple of years later, more mature and experienced and more successful too.
What is your own key to success? I, for myself, believe that only a content and healthy person can be a profitable trader: my performance improved drastically since I returned in Italy (from London) to my family and friends, and have an active outdoorsy lifestyle.
My key to success is resilience. The best in my life came from my stubbornness and outstanding capacity to resist in bad periods and overcome failures.
If trading can be taught and learned in just 4 months, why isn’t everyone we know a profitable full time trader? The 1 thing you would recommend traders start doing today so to get better results tomorrow?
Trading can be taught in less than 4 months probably, but then you need 10 years to accumulate the right experience to be able to implement what you learnt. As for everything in life, everyone has his-her own degree of natural skill. Maybe you will learn in a week, maybe never. The problem is that learning to trade is very expensive and not only in monetary terms. Many fail before surviving long enough to get the required experience.
Number 1 thing I would recommend will be to prepare a trading plan the day before, apart from the noises of the daily routine. The following day you will just need to execute your plan: that’s a lot less stressful.
People unfamiliar with the world of trading believe it’s a nest full of snakes (Hollywood movies don’t help..), I’ve had very positive experiences so far from very nice and enthusiastic people: what can we all do to improve on this?
Well, the trading industry is probably as every other industry, you can find good as well as ruthless people. The best one can do is probably try to be as brutally straightforward as possible and provide education to the new comers.
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