Michael Wagner knows risk. An airline pilot by profession, he has a deep respect for the riskiness of a situation, which he brings to his investment philosophy. A graduate of Ball State University, here’s how Michael became interested in investing:
I got interested in trading when I saw the markets moving around and wondered what caused it. I began reading and educating myself. I haven’t stopped yet, and am always keen to learn something new.
Michael’s new Covestor model focuses on small and micro-cap stocks, which tend to be riskier due to their low liquidity and often high betas. He manages the Small-Cap Swing Trader model, which
swing trades very speculative micro- and small-cap stocks. Most trades are on the long side, but there may be some shorts as well. Controlling risk per trade is the cornerstone of this model.
Currently, the model holds just two positions: Mad Catz Interactive Inc (MCZ) and Banks.com Inc (BNX), but given the short-term trading style of the model, this is to be expected, as many positions last just a few days. You can view last month’s Risk and Performance profiles for this model and learn more here.
