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7thSignalTrader · 31-01-2006, 02:03

Tony, you remind me of a time that I remember through study only. I studied the times that you speak of, Sir.

Creating Charts by hand. Yes!

I remember reading about this and you are not kidding one bit. That is exactly the way it used to be. I don't think the average young trader today knows the history of this business - they should, so they can appreciate all of the technology at our finger tips today. Many new traders don’t even know that once upon a time, you had to create your own charts.

My, my – how much things have changed, now!

I made my first million using Microsoft Excel. A millionaire using a Spreadsheet – who’d a thunk it?. Creating a new trading technology using a Spreadsheet created by a man who created an entire new industry using IBM's software. Everybody in the chain using something that somebody else created. How pretty is that picture - darn pretty!

I think it all boils down to how bad does one want it. Some of these new traders fall apart at the seams if things don’t work out quickly for them. Too many ForexMadeEasy types flying around out there fooling everybody into thinking that this business is easy. It is not, it is extremely hard to make it – it is even more difficult to thrive. I feel truly blessed. I feel like I’ve been given a special gift and that is why I spend so much of my time trying to encourage other new traders to start thinking outside the box. Most of them just don’t get it, however.

My next target is the 10 figure level, just a soon as I can get completely out of the final development phase of certification and focus 100% of my time on trading. My grind is day-in and day-out. Simply turning over the same capital day, after day, after day, after day and reinvesting 90% of all of my profits on each and ever single trade.

That kind of discipline, if you can maintain high accuracy will pay off even if you don't turn 100 pips per day. A handful of pips per day, consistently over a period of time with good leverage, can lead to very good gains - but, the accuracy must be there and I think this is what separates the early days of retail trading from what I do now as a private institutional trader.

I could not do what I do without the technology on several levels. High-speed network communications, direct access trading avenues, computer based decision support trading technology, client/server trading platforms, the ability to trade through any bank anywhere in the world, or any broker anywhere in the world in real-time, electronic EFT's forward and backward - the opening of the FX markets to the individual more than 6 years ago. All of this makes for a real opportunity for the wise, creative and hard working trader.

I absolutely live every single minute of it. Good trading to your son, I’m sure you will teach him well!

Nice dialoging with you, Sir.

31-01-2006, 02:03	#72
7thSignalTrader level 3 Join Date: Jan 2006 Posts: 208 Downloads: 0 Uploads: 0 Rep Power: 3	Re: ( POLL ) What type of trader are you Tony, you remind me of a time that I remember through study only. I studied the times that you speak of, Sir. Creating Charts by hand. Yes! I remember reading about this and you are not kidding one bit. That is exactly the way it used to be. I don't think the average young trader today knows the history of this business - they should, so they can appreciate all of the technology at our finger tips today. Many new traders don’t even know that once upon a time, you had to create your own charts. My, my – how much things have changed, now! I made my first million using Microsoft Excel. A millionaire using a Spreadsheet – who’d a thunk it?. Creating a new trading technology using a Spreadsheet created by a man who created an entire new industry using IBM's software. Everybody in the chain using something that somebody else created. How pretty is that picture - darn pretty! I think it all boils down to how bad does one want it. Some of these new traders fall apart at the seams if things don’t work out quickly for them. Too many ForexMadeEasy types flying around out there fooling everybody into thinking that this business is easy. It is not, it is extremely hard to make it – it is even more difficult to thrive. I feel truly blessed. I feel like I’ve been given a special gift and that is why I spend so much of my time trying to encourage other new traders to start thinking outside the box. Most of them just don’t get it, however. My next target is the 10 figure level, just a soon as I can get completely out of the final development phase of certification and focus 100% of my time on trading. My grind is day-in and day-out. Simply turning over the same capital day, after day, after day, after day and reinvesting 90% of all of my profits on each and ever single trade. That kind of discipline, if you can maintain high accuracy will pay off even if you don't turn 100 pips per day. A handful of pips per day, consistently over a period of time with good leverage, can lead to very good gains - but, the accuracy must be there and I think this is what separates the early days of retail trading from what I do now as a private institutional trader. I could not do what I do without the technology on several levels. High-speed network communications, direct access trading avenues, computer based decision support trading technology, client/server trading platforms, the ability to trade through any bank anywhere in the world, or any broker anywhere in the world in real-time, electronic EFT's forward and backward - the opening of the FX markets to the individual more than 6 years ago. All of this makes for a real opportunity for the wise, creative and hard working trader. I absolutely live every single minute of it. Good trading to your son, I’m sure you will teach him well! Nice dialoging with you, Sir.