Morris Capital Australia : JL Macro

Summary

Jim Langlands
Jim began his trading career in the commodities markets in London in 1976, before moving to Australia in 1979 to work as a floor trader on the Sydney Futures Exchange. He did this for 2 years before moving into Foreign Exchange, and has since worked in senior trading and management positions in various international financial centres.

Aside from FX, Jim also has a wide knowledge of all the other asset classes traded in Financial Markets including Equities, Bonds and Commodities, as well as all the trading tools, including derivatives such as options, futures and CFDs.

Investment Strategy

Morris JL Macro is mainly based on a discretionary perspective, utilising a combination of fundamental and technical analysis when deciding to place a position on a specific product. He keeps himself updated on the latest political developments that are likely to affect a particular market price and keeps a close eye on the economic calendar of the day. Most of his trade centres on the US$/majors, but he also uses the FX crosses as well as various commodities, as/when he feels there is an opportunity to do so.

Risk Management

An investor could in theory lose 20% of his portfolio, at which point all trades would be stopped out. In practice, the low level of gearing should work against this becoming an issue unless there is a black-swan event that adversely affects the portfolio.

Key risks measured are:
- position concentration
- directional exposure