T2W Trading Community

Advice

• All Larry Williams' books are worth reading.
  
• Gary Smith's 'How I trade for a living'. Some very good insights.
  
• Nicolas Darvas' 'How I made $2,000,000 in the Stock Market'. A good yarn.
  
• Linda Bradford Rashke's 'Street Smarts'. A very good book for ideas. I sold my copy 2 years ago. So if any one out there has a copy they want to sell me, I’d be interested in re-purchasing it for my library.

What is the most important advice you can give the average trader?
Don’t give up. The rewards are worth it. Keep it simple. Stick to common sense methodologies.

What advice do you have for the beginner trader?
Read as much on the markets as possible. Visit websites like this one, and join in with the discussions. You can learn a lot from others, but find your own methodology and trading strategy. Don’t get too sophisticated about it - often the simplest strategies are the best!

What are the traits of a successful trader?
Not sure. Very difficult one to honestly answer. Its easy just to repeat what others have told me or read in books, but from personal experience I can’t tell what they have that makes them win and the others lose!

The View From The Floor

Do you enjoy working from home?
I don’t trade solely from home. It is divided between my office and home.

What environment do you trade in, for example do you have a separate office, multiple monitors and CNBC on the telly?
Separate office at work and home. One PC with a 17” screen in both offices. A spare PC is at hand in both places as well, although a PC going down has not happened to me yet. Broadband connection at both sites.

What effect has trading had on your personal life?
My wife has only ever known me as a Company Director and Futures Trader. So she is used to my personal life revolving around the US Financial Markets and my normal business in the Day. At the weekends though, I am totally at the family's disposal!

Do you sometimes need to get away from the market for a few days?
Absolutely. I would say on average about every 2 months I take just a little break from the market if possible for about 3 or 4 days.

Is trading for a living firstly viable and secondly desirable?
Trading for a living is certainly viable, but for me, not desirable.

If you weren’t trading what would you want to spend your time doing?
Sailing my yacht.

And Finally

Do you have any goals at this point?
I am due to finish writing a book on Financial Spread Betting Strategies and Methodologies, at the end of this autumn. My literary agent says, all being well my book should be published for the start of 2004. This at present is my goal.

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

When you make your first million, what will you spend the money on?
When I make my first million from Trading, I will treat myself to a better yacht and a villa in the South of France.

Any comments about T2W?
Excellent website for beginners and experts alike. I hope the site goes from strength to strength.