Investor Sergejs Kovalonoks Talks About His Investments And Trading Experience
The cryptocurrency investor Sergejs Kovalonoks talked about how he works as an investor at eToro keeping his Risk Score very low. Some of the strategies he uses involve a portfolio rotation at the end of each quarter. Moreover, he also uses short positions as a diversification tool.
The 30 years old investor lives in Riga and has been involved in the trading space since he left the University. As soon as he finished his career, he worked as a financial analyst for almost 9 years.
Before joining eToro he had experience managing money and the fundamental knowledge of different financial instruments in the market. Nevertheless, he mentions that eToro’s social side was something new to him, who was not used to it. Although he is working at eToro for a long time, he said that he is still in the process of adjusting the way he presents the data to investors.
He says that eToro is the best option to bring institutional management expertise into the broader retail market. The platform does not only offer an easy-to-use platform, but it also has a group of experts, traders and investors that is all the time working on new ideas.
Talking about the benefits of eToro, he mentions three important things. The first one is simplicity. The second one is the possibility to have an open line of communication. And the third thing is the fact that the company has a very responsible CEO with a clear vision for the future.
The platform offers simplicity and it does not limit portfolio managers in terms of complexity. Investors can provide feedback almost instantly and help users correct their decision-making process. Finally, the CEO has an obsession with making the service more accessible to those who need it the most.
Kovalonoks says that the investment process at eToro helped him became even more dedicated to making the investment process more agile for an important audience.
The investor says that he has four different layers of screening before an asset can get into a portfolio. The first layer he mentions is based on the volume and price analysis of this specific asset. The second layer is just fundamental analysis. The third is to make a vital allocation decision. The last one is related to finding the evidence that the first case is wrong.
About it he said:
“I also deploy the concept that things should be in balance and not overstretch in any direction for an extended period of time. It means that I don’t want to have exposure to growth, value, core, longs or shorts in a way that limits my ability to respond to growing risk in various pockets of the financial markets.”
Clearly, becoming a popular investor at eToro increases his responsibility and care for the people that are in touch with the trader. He says that his goal is to always improve the strategy he has to make people a little bit happier financially.
The advice he gives to traders and investors is to make some sacrifices in order to be financially independent. He explains that the latest iPhone or a new TV might not be the most important things in the long term, but instead, investing properly and plan for the long term.
At the end of the interview, he said that he usually plays tennis with friends, spend time with his dog and family and read books.