Introduction of the Company Owner

This is an excerpt of our Robots website.
We invented several trading robots and fully-automatic trading systems to achieve a monthly passive income.
Please read the full article on our trading robots here

To learn more about the owner of Schmitt Trading Ltd, read the section Introduction of the Company Owner.

Schmitt Trading Ltd launched its new site Trading Robots on 19.10.2021, 18.45 CEST.

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To learn more about Schmitt Trading Ltd, read the section Introduction of Schmitt Trading Ltd.

I have been dealing with the stock exchange since 2006 and have been trading as a part-time job since 2007. Since October 2018, I have been developing automatic trading systems which I rent or sell to customers via the company Schmitt Trading Ltd.

Background

Since mid 2006, I have been interested in investment shares as a means of saving and I started buying investment funds on a regular basis.

In February 2007, I felt that the continued bull market may come to an end and I sold all investment shares with a profit. The first mini crash on the stock market came 27.02.2007 – exactly one week after I had sold everything.

Meanwhile I had opened my first trading account with CMC markets, ordered a CFD newsletter as a blueprint and started trading directly at the stock exchange.

I experienced the mini crash of 27.02.2007 on my second day at the stock exchange and was short with 20 CFDs on the German DAX. In this way, I could have doubled my capital from 1 000 Euros to 2 000 Euros within 8 hours if I had closed the positions in the evening.

The next morning, I woke up with my first margin call and the positions were closed via stop and with a loss.

I continued trading without any concept and was liquidated on 26.04.2007. The year 2007 ended with a net loss of 1 000 Euros.

At the beginning of 2008, I felt that the big crash may start now. Consequently, I sold 1 DAX CFD with GCI Trading at a trading account capital of 28.55 Euros. The crash started and I closed the position with 230 points or 1 150 Euros profit. If I had held the position until October, I would have made a profit of 20 000 Euros. If I had invested 1 000 Euros instead of 28.55 Euros and sold 10 CFDs, I would have won 200 000 Euros in 2008. As a result, there was only a lot of buying and selling, overtrading and a net loss of 1 000 Euros.

During new year’s Eve 2008/2009 I was more than ever determined to become a professional CFD trader and trade my way to financial freedom.

Published by Schmitt Trading Ltd

Schmitt Trading Ltd is an international software company and develops trading robots. We want to share with you how we live our dream to become financially independent. Join us at our thrilling day-to-day adventure trip to freedom. Follow us for more information. Subscribe to our latest blog posts.

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