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
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
- countryCode
- GB
- Country
- United Kingdom
- Gender
- Male
- Trading Style
- 1) (short term) Buying or selling the retest of a breakout from a consolidatory pattern (i.e, profiting from breakout failures) 2) (medium term) Selling crude's new highs and buying the retests. (long term) Buy & hold paddy power(the bookie...wins!)
- Trading Experience
- More than 5 Years
- Trading Work Status
- Spare-Time
- Preferred Trading Style
- Swing Trader
- Preferred Trading Methodology
- Break Outs
- Candlesticks
- Chart Patterns
- Contrarian
- Momentum
- Price Action
- Retracements
- Reversals
- Preferred Market Regions
- UK
- Preferred Markets
- Currencies
- Indices
- Stocks
- Energies
- Metals
- Preferred Trading Instruments
- Spreadbetting
- Preferred Forex Currencies
- USD
- GBP
- EUR
- AUD
- Preferred Spreadbetting Brokers
- ETX Capital
- IG Index
- Preferred Realtime Data Providers
- ADVFN
- Favorite Trading Books
- Diary of a Professional Commodity Trader - Peter Brandt (IMO the Very Best Contemporary Trading Book You Could Buy!)
Beat The ForexDealer - Agustin Silvani (if you Don't read the above, then at least read this, albeit less detailed, exceptional one!)
Encyclopedia Of Chart Patterns - Bulkowski (A Recent Classic - esp re chart failures)
Reminiscences of A Stock Operator (The classic of trading classics)
- Favorite Trading Magazines
- Investors Chronicle
- Favorite Trading Tip
- A market guru once said of the secret to success in trading: "give me a minute, and I'll tell you to buy low and sell high; give me a lifetime and I'll show you what is low and what is high!"
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