QUESTION – Thank you for taking the time to participate in the Q & A session. Before we start in detail. Would you like to share with everyone who may not know, who you are, where you live and what is your current occupation?
SILVIA: Hey, sure, thanks for inviting me. My name is Silvia, and I am originally from Bulgaria but currently live in Germany and the United States. I stay active with real estate and other projects in all three countries and travel between those destinations most of the year.
Also. I am a full-time swing trader and investor in the stock market. This gives me a lot of flexibility to work around my other projects and allows me to earn an additional stream of income.
QUESTION – What and who got you into trading. How often do you trade? And is it more day or swing trading. I guess what is your style and what do you trade?
SILVIA: Thats a good question 😊
A while ago I attended a lecture at business school, and the professor was telling us a story about George Soros and how he made Billions by trading against the British pound. I found the story so fascinating that same evening when I got home, I started researching for information about George Sorros and stock trading. For some reason, I knew right away I wanted to explore this avenue, so from that point on, I put together a plan to learn as much as I could about the stock market and see if I had the ability to earn an income from trading stocks.
I mostly swing trade stocks combined with some options trading for hedging purposes. I sometimes will day trade but not often. I found out this is not my strength. Not to mention it wasn’t conducive to my lifestyle like swing trading is.
My strategy is looking for strong stocks experiencing light volume pullbacks into multi-month support. I stick with high market cap stocks with substantial earnings growth that are favorites among Hedge Funds and Institutions.
QUESTION – What personal or professional failure/setback have you experienced in your life or professional career that has set you up for later success?
SILVIA: Regarding to my personal life, I grew up in Bulgaria, a place synonymous with economic hardships and a lack of financial growth and opportunity. People from that region have very little, and growing up, so did I. I knew my only chance at having a better life was to leave. It was a tough decision as my heart has always belonged to Bulgarian, and my family is there still, but it was a choice I had to make. So when I was 18 I migrated to Germany alone. I was so scared at first being in a foreign country with no friends or family unable to speak the language but it was an opportunity to better my future. It was a challenge as well to adapt and prove my qualities as a woman. Eventually, things came together for me after a few years. I think those times set me up and defined me as a person and the trader I am now. I never give up and keep working as hard as I can to achieve my goals.
From this experience, I learned that I might fail many times, but if I keep moving forward, I will ultimately succeed. As with most traders, when I started, I did lose money, I did get frustrated, I did wonder if I was cut out for this, and I did get stressed at times. However, I knew if I kept going and lived to fight another day, I would succeed and that I did.
I also had hard times giving up trading styles that are not working for me and focusing on strategies that are better fitting for my personal lifestyle and strengths. I am consistently swing trading but at the beginning I gave everything back while day trading. So I was basically swing trading to cover my day trading losses. It took me long time to realize, accept that and focus only on my swing trades.
QUESTION– How would you describe what makes a successful Trader? Especially in the crazy times we are in now in the markets?
SILVIA: There might be too many to list, but for me, it is risk management and dealing with emotions.
If you fight with positions too much, you expend a lot of mental energy that leads to missing out on other quality trades. Not to mention, it kills your mood and motivation. I don’t think any trader can survive without a proper risk management plan in place. You may experience years of bull market success then encounter a correction like the one we see now, and there goes all that hard work you did. There go years of gains in a matter of weeks. Nobody wants to live that way. You also have to have a plan for that because you never know. I think you see now none of the so called experts predicted the coronavirus. Again, you never know.
Also, the way you react to losses is essential. New traders can easily take losses personally and get frustrated, and sometimes they may try to revenge trade themselves out of it, which makes it worse. This leads to even more losses and to not being able to trade without fear after a losing strike.For me, its just business. I have to take the risk to enjoy the gain. So I am okay with small manageable losses. It is the dumb losses that are unacceptable to me
QUESTION : What do you feel is the role in having a balance all around life in your day to day activities. What hobbies do you enjoy?
SILVIA: To be a successful trader, you have to have a balance in life. Too much screen time won’t bring you the clarity you mentally need.
I enjoy being out in nature, hiking, traveling, and I spend a lot of my time at the gym 😊. This helps me to detach from the markets and come back recharged.
QUESTION – What advice would you give to your younger self as it relates to your personal life. What about advice for your younger trading self?
SILVIA: A lot of people get into trading because they are not happy with their personal lives. They see trading as a way out – ironically trading starts to show results as you start to organize your personal life first.
My advice to new traders is to start small, take your time, and don’t rush it. The market will always be open. Trading is a process and a long journey, not an overnight success 😊
QUESTION – What good or bad advice do you hear often in life (or trading – or both)
SILVIA: Good advice. If you do something, you love you will never work a day in your life.
Bad advice- When someone tells me I can’t do something because they are hiding behind their insecurities.
I hear all the time trading is “too risky,” or it is gambling. I don’t look at it that way. I feel if you have a process, you are not gambling; therefore, the risk is calculated.
QUESTION – We understand you love Las Vegas. What are some of the hot spots (or hidden spots) that you recommend to our readers?
SILVIA: Haha, that is true, I love Vegas 😊
I am there often. I am not sure if I can recommend some hidden spots but I love the Restaurant “Cut” and also the Clubs “Hakkasan” and “Light”. Vegas has some very nice outdoor spots too like the Valley Of Fire, Lost Creek Falls and White Dooms Loop.
QUESTION – When you have lost your mojo or focus , what do you do to get back on track?
SILVIA: I always get my mojo back when I am in nature, and while I work out. Any form of physical exercise helps me to readjust. A girl needs that 🙂
Meditation helps me too. I meditate daily for at least 10 minutes, and this helps me to be more aware of my emotions and trading decisions.
QUESTION – If you could have a big billboard with your favorite saying or message on it, what would it be.
SILVIA: Everything about life is a matter of probabilities. Don’t aim to be right, aim to be less wrong.
QUESTION: Thank you for taking the time for our readers to get to know you. How can our readers contact or follow you on social media?
SILVIA: Thank you, a lot it was my pleasure.
I am happy to connect with other traders on:
Silvia has just recently become a member at the http://www.Microefutures.com Educational Trading Community…. where readers of this interview can get a FREE 3 day trial.
Use the code: 7W607z16 for the 3 day free trial & if you then decide to join the community save 10%. Access via http://www.microefutures.com