About me and my Journey

My name is Joseph Moricca. I grew up in a small village in Northamptonshire, England. I started my first job when I was 13 helping my uncles on construction sites and continued working while learning throughout my academic life. At school, I ran tuck shops out of my locker and used that money to start trading. Initially, I tried to day trade but found the constant price swings and concentration required very mentally draining. I knew I had to develop a strategy that could still earn a market-beating return but also allowed me to work the job I love. 

As a result, I have been trading and learning about trading for the last seven years. I opened my eToro account while at University and during my free time developed my strategy. While learning and engaging in trading, I still received a First-Class Honours in Quantity Surveying (Equivalent to a 4.0 GPA)!

I am now on the path to developing my knowledge by becoming a better investor undertaking my MSc in Global Finance and Banking  at King College London.

My Day Job

Currently I make a living running my own company Velox Investments Ltd!

photo of me graduating

My Personal Ethos

I believe that at the core of any good investor or financial strategy is a strong ethos. The purpose of my trading on eToro is to accelerate my growth through a higher risk diversification strategy.

I believe that a consistent and sustained effort will yield results. If you do decide to copy me on eToro, I will do my best to share my knowledge. If you have not read it, you should check out my FREE beginners guide to trading on eToro for hints and tips into beginning with eToro!

Alternatively, if you are ready, you can join eToro below!

My Personal Trading

I have two accounts on eToro one that I copy trade with and another that I trade stocks and shares myself! 

I also make a secondary revenue stream by operating as and an eToro partner. As an eToro partner, I make a commission for people signing up, depositing and using eToro through one of my links. Copying anyone on eToro does NOT cost you anything and does not affect the price for you and just because you go through my website does not mean you have to invest with me or anyone else! 

My Trading History on eToro

                                                                     Please note my personal trading is separate from The Passive Trading System! 

Initially, in 2017, I tried a highly aggressive trading strategy which failed, but as with anyone who starts on a new platform, this was only a small loss. 

I then spent almost a year reading and studying about investing, reading around 50 books, 100s of websites and taking various courses to develop my skills. In 2018 I made a -27% loss and I spent the year changing my strategy and developing my approach to trading to reduce my risk and increase profitability.

In 2019, I started the third iteration of my strategy and have not looked back. In 2019 I currently have a return of over 70%! I still tweak my strategy to increase my profitability and to reduce my risk. I think its important to test strategies not just in Demo account but in REAL life too hence I have a small pot of money I dedicate to trialling strategies some that work and some that do not!

In 2020, I saw a massive hit to my portfolio -45% I was on the wrong side of every trade! I anticipated COVID-19 affecting the markets but was too late in closing my positions, I then anticipated that the market recovery would be short lived and so started shorting the most overvalued stocks which included Tesla, unfortunately despite the fact that I believe Tesla to be severely overvalued it went up more than anticipated and I lost most of the money shorting Tesla, I still believe Tesla to be in Bubble but I cannot afford to be continually closed out of my trades. From 2021 I will look to build a long only portfolio.

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