Aaron Wee Chong (@Alderique) from Singapore is an extremely articulate bookworm. His unique, somewhat philosophical approach to trading and investing makes him a interesting character in the world of online trading. Here are his thoughts on trading on TBanque, becoming successful, and joining the Popular Investor program:
All trading involves risk. Only risk capital youre prepared to lose. Past performance does not guarantee future results.
- Tell us a little bit about yourself
Im someone who believes in maintaining a balance between idealism and pragmatism. While logic and rationality are highly prized within society, Im of the opinion that it would not be prudent to simply discount creative ambiguity. Without the former, anarchy ensues. But sans the latter, one would eventually find oneself in a rut repeating a repertoire.
To quote Robin Williams as his character John Keating from Dead Poets Society: We dont read and write poetry because its cute. We read and write poetry because we are members of the human race. And the human race is filled with passion. And medicine, law, business, engineering, these are noble pursuits and necessary to sustain life. But poetry, beauty, romance, love, these are what we stay alive for.
In short, Im an idealist masquerading as a pragmatist. I like to think that my investment portfolio reflects that.
- Did you have previous experience with financial investments before joining TBanque?
Not really, no. Well, not unless you count the random deposits into a little red tin can among these financial investments. In some manner of speaking, I suppose this places the complexity that many would alleged financial investments to have, in a questionable light.
I firmly believe that anyone can do what Im doing.
- Why did you choose to join TBanque?
The simplicity of the platforms user-interface. As a rookie investor a year ago (and maybe even now), I remember being lost amidst the barrage of information other platforms provided. Charts, graphs, random digits and whatnot. Many of them had interfaces that, in my opinion, were extremely cluttered. I never knew what I was looking at or what all the numbers meant.
TBanque made it simple. Clean, neat, precise and concise. Me likey.
- What are the three key benefits of using TBanque?
I would be most remiss if I didnt firstly highlight the mass benefits of having a social platform combined with an investing/trading site. Apart from the random jokes I poke at people who I feel take themselves way too seriously (Im not going to hide the fact that I did that), I get to observe the general sentiment of the market and take notes. To a certain extent, it also affords me some lessons in human behaviour, as I learn how people generally respond to various activities within the markets. For instance, the phrase to the moon! seems to be quite the staple around cryptocurrencies. Coincidentally, this crypto is garbage! also seems to be rather common in a converse scenario.
Secondly, and to add on to my aforementioned point about simplicity, I enjoy that TBanque also literally allows me to be privy to the pulse of the market. Im in Southeast Asia, and its night for us when the NYSE opens. My last activity before bed usually includes observing the pre-market prices, looking through my newsfeed, and watching my profits either tumble or soar when the green or red flashes start.
Third would have to be the ability to copy or follow another investor. Doing so allows people who are fresh into the trading/investment scene to learn and more importantly, benefit from others whove been around the block. I would urge my fellow Popular Investors to not shy away from questions, even if they may seem extremely basic. After all, weve all started out somewhere, and any help would have been appreciated.
In summary, jokes and lurking, markets heartbeat and community involvement.
- How has TBanque changed the way you trade?
Id like to highlight two points here. The first being, I cant say that TBanque has changed anything for me. As mentioned previously, I was a newbie when I joined TBanque. You could say I cut my teeth on the bulls horns. What I can say however, is that Ive learnt a lot from fellow users on the platform.
Secondly, and this is something Ive often reiterated to my followers and copiers. I do make it a point to make a differentiation between investing and trading. Im part of the former.
- What is your type of trading strategy and what is it focused on?
In short, diversification within a circle of competence.
My portfolio focuses on covering the various sectors, while maintaining that capital allocation stays within a certain algorithm. This ensures that no part of the portfolio is overly exposed to any one sector. I started implementing this in June 2017, when the tech sector took a rather nasty hit and affected the 39% of my portfolio allocated to it. That led me to looking towards diversifying into the various markets as well. Im hoping that Id be able to find enough stocks within TBanque that allows me to diversify within each market too.
So to illustrate, my ideal portfolio would consist of various sectors within various markets, all adding up and staying within said algorithm.
Also, I dont enjoy holding on excessive amounts of profit. I tend to liquidate positions once they reach a certain maturity. The principle amount would be reinvested into the original position, while profits would be invested into something else. This essentially compounds the portfolio.
- What are the benefits of being a Popular Investor and what is your long-term goal?
On a personal note, it gives validation to the time spent working behind the scenes on each decision Ive made thus far. I see the trust of my copiers and followers as their votes of confidence in my investment methodology, and I constantly thank them for it. Because really, theyre the ones whove contributed greatly to my being here today.
I do have a long-term goal in mind that Im still working out the kinks on. My experience on TBanque would be an impetus when its ready.
- What are your hobbies?
I read, a lot. Im also in the process of writing a series of 4 books.
Indeed, Aaron is quite a unique character. His philosophical approach combined with pragmatic thinking give an added layer of sophistication to his online trading and investing prowess. We wish him the best of luck as he continues his journey as a Popular Investor.
All trading involves risk. Only risk capital youre prepared to lose. Past performance does not guarantee future results.
