T2W Trading Community

Advice

Are there any books you have read that you would recommend to people?
Mine of course. The Mind of a Trader and Diary of an Internet Trader.

What is the most important advice you can give the average trader?
Read everything on trading, start small, practice.

What advice do you have for the beginner trader?
Above.

What are the traits of a successful trader?
He makes money.

The View From The Floor

Do you enjoy working from home?
No, I miss the days of a one hour commute in an overcrowded train with the guy with halitosis sharing his oral germs with me. Capitalism is predicated on your being able to create more capital for the owner of the capital than you receive for your labour. That’s a bum deal.

What environment do you trade in, for example do you have a separate office, multiple monitors and CNBC on the telly?
4 monitors, 3 computers, 3 phones, 1 assistant, 2 desks bolted together, 2 faxes, a wireless network so I can work from any room, separate office.

What effect has trading had on your personal life?
Curiously I have more interesting friends because I can lead the life I wish.

Do you sometimes need to get away from the market for a few days?
Every day. Do you know how boring trading can be? That’s why I also write and do other things. The analysis is interesting. Price watching is not.

Is trading for a living firstly viable and secondly desirable?
Simple calculation. If you want 100,000 before tax then you need to produce 10% return on 1,000,000. Hmmmm.

If you weren’t trading what would you want to spend your time doing?
Plotting revolutions. Actually do that now anyway.

And Finally

Do you have any goals at this point?
Yes, to find a meaningful goal for the rest of my life to focus on.

Do you still see yourself trading ten or fifteen years down the road?
Differently.

Any comments about T2W?
Like it.

Any last words?
Boy, that was long. For those who survived to the end, thank you – and remember to smell the roses.