Nordic Growth Market´s yearly trading competition Investor-NM is now over and Magnus Willén is the lucky winner of Investor-NM 2020 and named the most successful investor in Norway. We had the chance to ask a few questions to the new champion.
Congratulations for being the most successful investor in Norway and the winner of Investor-NM 2020! How does it feel?
It feels fantastic! Proof that you know what you are doing and that you do it well.
What was your winning recipe?
My strategy was simply to use the tools I know and trust – technical analysis, pattern recognition, support and resistance lines. But most importantly, to keep a clear mind and don’t stress it.
Which asset classes did you trade the most in the competition?
Indices as I know those best, and preferably DAX Index.
What were your expectations for this year’s competition?
I was expecting a more volatile market, which would increase the risk of getting knocked out and also increase “the luck factor”, but conditions turned out to be more favorable.
What experience do you have of trading?
Over 10 000 hours as a non-professional, including every tradable product known to man. I eat annual reports for breakfast.
What are your three best learnings from this year’s competition?
There are more interesting products to trade than you may think. Don’t chase the money. Believe in yourself.
What tips do you have for succeeding in trading?
Learning to know yourself and your limits is more important than anything else. After failing you may change your strategy, but most likely it is you that need change.
Do you have a role model when it comes to trading?
No one in particular, I try to pick up the best ideas from any successful trader. I am still learning new things after all years of trading.
What was the most fun part about participating in Investor-NM 2020?
Winning, of course. And the uncertainty before checking the account balance.
Why should you participate in Investor-NM?
To measure your skills against others. It is also a good opportunity to try available products in a risk-free environment.