|“Money is the blood of life, it is a good living and fits with my lifestyle which includes taking regular holidays and working from home.“|
Background Info / Introduction
Q. Can you please start by making a few comments about yourself to include your trading style and what products you trade, your experience in years, and what other things of a trading nature take your time on a regular basis (e.g. writing trading books/contributing to forums/coaching/speaking engagements)?
My style is investment trading on a long term of quality fundamental shares with good technical up trends and paying solid dividends. Trade Malaysian and US shares. For US markets I swing trade on a 5 to 10 day time frame. 30 years experience. Also conduct trading workshops and speak at investment conferences. Written 3 books on markets. Including How You Can Get Rich Trading- 48 Tips and How You Can Get Rich Swing Trading.
Q. It is fair to say that most people are initially attracted to trading by money. Is this what initially attracted you or was it something else?
Yes money is the blood of life, it is a good living and fits with my lifestyle which includes taking regular holidays and working from home.
Q. What are some of your good and bad memories of your early trading days?
Margin calls, over losses and bankruptcy.
Q. How would you describe a couple of your biggest mistakes in your early trading days?
Refused to cut losses on a Soybean trade- ego got involved, traded a scenario rather than the price. Refused to admit mistakes and averaged the losing trade.
Q. Looking back to the beginning, in the face of the usual challenges, what motivated or inspired you to learn to trade well?
Money and freedom are the motivators. The alternatives are worse and that is working for some idiot or running a traditional business with all the headaches.
Q. On reflection, was there a single moment in time or situation that ultimately had the greatest influence on your trading?
Taking the 5 volume Van Tharp course on Psychology of Trading with audio tapes in 1990. It helped me develop a trading plan that fitted me and gave me the tools to control my ego. Also taking the Silva course which helped my focus and discipline.