Professional Documents
Culture Documents
My Trader Training
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Books
Mentors
Courses
On-going development
My Reading List
My Trader Training
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Books
Mentors
Courses
On-going development
My Mentors
My first real and only true mentor was Larry Pesavento, a 70something trader with 48 years of experience. He has taught
me more about life than about trading. A remarkable man.
His book Fibonacci Ratios is the one I would recommend (he
has written 9 others).
The book is a superb primer in pattern recognition.
My Trader Training
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Books
Mentors
Courses
On-going development
Courses
1. Courses come in all shapes and sizes. Recently in Copenhagen a firm
offered a 2,500 2-day course, which teaches very little of value (which
you could not get from a book or from searching the internet I saw
the course notes).
2. I have never attended a course for beginners, and I only attended one
course, with my mentor Larry Pesavento.
3. I dont recommend people attend beginners courses unless they are no
more than a few hundred pounds. Anything above that is a waste of
money.
4. A book like Edwards & McGee (the bible of technical analysis) will cost
only 25 and teach you more than the above 2500
5. I run two-day workshops with my trading partner, but the courses are
not for beginners. www.whichwaytoday.com
6. Running one-day seminar in Copenhagen Sunday 17th March 2013
Mozart
Perception:
A musical prodigy a marvel of nature
a genius with skills way beyond his
years a boy wonder!!
Reality:
Father Leopold was a musical
composer, performer and teacher
and very domineering
He embarked his son on an intensive
music schooling journey
Researchers have estimated that by
the time young Mozart was 6 years
old, he had clocked up more than
3000 hours of practise.
Source: Genius Explained, Michael Howe,
Exeter University
Tiger Woods
Perception:
was born with a golf talent
a golfing prodigy
a golf genius like no other
Reality:
Earl Woods started training when
Tiger was 1 year old.
Earl was obsessed with the idea that
PRACTISE CREATES GREATNESS.
Tiger got his own coach at age 4.
By mid-teens, Tiger had practised
more than 10,000 hours.
Deliberate Practise
Practise or playing:
Merely performing like a round of
Sunday golf with friends
No feedback
No program or focus on areas
Deliberate Practise leading to expert:
Structured training
Feedback in place
Great vs. Good: 30-120 min more
(extra) deliberate training a day
Circumstances
No Free No short-cuts
Not a fan of the self-help army (Tony Robbins,
The Secret etc.) but some good things have
come from it, such as setting a goal.
Motivation
Trade bigger, trade better, how good can I be?
Why do I carry on trading? You meet some amazing people in
this industry. It attracts a certain breed, with whom I resonate
well.
My Trading Life
1. Preparation
2. Execution
3. Tools
My Trading Life
1. Preparation
2. Execution
3. Tools
Execution
1. Execute my trades with ETX Capital very solid and simple
platform
2. Charts run on one internet connection
3. Trading platform runs on another
4. Charting package today is E-signal but less and less as ETX
Capitals charts are every bit as good for my purpose (save 450
a month!).
5. Currency trades falls into two categories: morning trade (a
proprietary trading setup developed by my trading partner
David Paul), and Matrix trades (an analytical framework
designed to capture the currency pairs most likely to move)
6. Stock Index trades: traded using a simple 1-min and 5-min
chart using ETX Capital (but also run tick charts on E-signal)
My Trading Life
1. Preparation
2. Execution
3. Tools
Framework of Trading
1. I scalp trade/day trade FTSE and DAX stock indices
2. I swing trade Forex
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PRICE is king
Conclusion
Contact
admin@whichwaytoday.com