My Hobby

Warren Buffett once said to Charlie Munger law was fine as hobby, but he could do better. A few years later, Munger left his law firm and started investing. Today he works with Buffett as vice chairman of Berkshire Hathaway. His net worth is about $1.7 billion.

Let me tell you a short story about me. My background and full time career is related to IT and Engineering. But, I know a thing or two about the market:

• I started investing in 2009 in the UK and in my home country Philippines. Those investments have grown significantly that the returns dwarfed my savings account for an entire year (I save at least 50% of my take home pay by the way).
• I started part time trading last year.  Initially I had some heavy losses (I think it was something like over £2000 GBP in three weeks). That hurt my account as it was 20% of my trading account.  But, after months of hard work , I manage to be in control of my risk/reward and most importantly my emotions.  Gradually made back the money I had lost.  It took me nearly 4 months to make it back.  I don’t consider myself a consistentently profitable trader (CPT).  Not yet anyway.  It takes years of experience to become a CPT, you know.  If I am a CPT I might as well just live on a beach somewhere and trade everyday!
• I collaborate with a hedge fund on algorithmic trading.  We are progressing well and making good money.

Question is which one is my hobby, my full time job or my ventures with Mr. Market?  I’m about to find out within the next few years .

Written by Aris David. Aris creates trading recipes and trades for Bigger Capital. Follow him on Twitter and StockTwits.