peakoil

I started in the late 90's. My best friend was (& he managed to become wealthy enough to retire young, with family, so he now trades occasionally from home) an extremely successful arb trader & marketmaker at a well known international IB. He helped his good friend, in his spare time, learn a lot about how the markets truly function from a mm's perspective. Albeit, being single then, meeting sexy girls (v rare!) was naturally our usual primary focus. Hmmm. Nonetheless, he also introduced me to spread betting, which many still look down upon, without realising just how popular it was (and still is!) with city folk. And so, before I knew it, I was spread-betting with 'Deal4Free' and 'IGI' long before the marketplace became as competitive as it is nowadays. Things were very different back then... Suffice to say, I experienced great positive change over the years as the spread-bet industry evolved - which was most welcome indeed. Of course, despite my friend's great help, I was still V unsuccessful for many, many years. Alas, let's move forward to the late 2000's.

In recent years I have, at long last, got a hold of myself and feel privileged/lucky that I have survived long enough to have had the opportunity to re-evaluate what I was doing and... turn things around. From 2010 onwards I became a "Fader": While mindful of overall trending conditions, I fade technical and some immediate news driven extreme overbought and oversold conditions. If e.g. a news event causes a wild move in the markets, I look for price exhaustion, and fade accordingly. My time-frame is usually several hours (or less!), sometimes days and even months, the odd time - depending on my read... Also, I rarely use stop losses, as I tend to wait patiently for extreme price levels and start buying or selling accordingly, with the eventual goal to build patiently a large position, seeking price reversals. I bet mostly on commodities: oil, gas, silver, & gold. + some UK equit...

Composing Electronic Music, Behavioural Psychology & Economics, Probability, Poker/Backgammon, my wife & her cooking (indeed, she'd ****ing k**l me if it wasn't!!) photography, & an 'open minded' skeptic on *some* aspects of paranormal