Here are some miscellaneous
items that do not fit directly
into FX thoughts, and yet have a
bearing one way or another on my
trading. The quotations
section is something I've been
meaning to do for a long
time. Most of these
quotations do not come from
trading sources, yet speak volumes to me
as a trader and risk
taker. I hope that
others will also be able to relate
to some of
these insights.
'There
is only one reason to do anything:
as a statement to the universe of
Who You Are'
- Neale
Donald Walsh
similarly
-
'Your only obligation in any
lifetime is to be true to
yourself'
-
Richard
Bach
One of
my all time favorites - The
Ultimate Success Formula:
Decide
what it is that you're absolutely
committed to achieving
Take
massive action
Notice
what's working, and what is not
Continue
to change your approach until you
achieve what you want
-
Anthony
Robbins
There are a number of Zen
style trading books out
there. You know, the Sun
Tzu's Art of War for Traders,
ilk. I have a certain amount
of trouble with these because
their focus always seems to be portraying
the market as the enemy that will
either defeat you or bow to your
warrior skills.
For me I think a better analogy
for the market is that of an
ocean, which is neither friend nor
foe. There are times when we
can go out and harvest some of
it's bounty, and other times when
we need to pay attention to the
weather forecast and remain safely in
port. Nonetheless many
of these books are a wonderful
source of quotations and none
better than 'Manual of the Warrior
of Light' by Paulo Coelho, which
is full of bit sized morsels for
traders like :
'The
warrior does not listen to what
the devil is telling him; he is
master of his sword'
which to me says, 'plan the
trade, trade your plan'.
'For
many, the freely accepted
challenge of the markets provides
a high risk game of financial life
and death
For
some, the markets offer a
profession, providing steady and
above average income
For
the very few, they are a mighty
engine which can, with skill, be
used to create vast wealth
-Jake
Bernstein
On
perseverance: 'You
have to be ready to take advantage
of situations as and when they
arise. Perseverance allows
you to hold on while the Universal
Law delivers'
-Stuart
Wilde
Your
friends will know you better in
the first minute you meet, than
your acquaintances will know you
in a thousand years
-Richard
Bach
It's
in your moments of decision that
your destiny is shaped
-
Anthony
Robbins
Do, or do not. There is no try
-
Yoda
and from
the IT industry, the
self-admonishment of KISS and the
infamously rude 7 p's
I have been asked a few times about my fx
background; how I got into the
business and related experience,
so here's a very condensed
history.
Early in my career I was
fortunate enough to land a job in
the City of London with Bankers
Trust International, in their Cash
department. As
it transpired it turned out that I
was the only one who could
accurately calculate the trading
prices of CD's, and thus a trading
career was born. I
later moved to Bank of Nova
Scotia's trading desk in London,
and then to their main trading
operation at Head Office in
Toronto. Subsequently to
that I continued my trading career
in the US .
Computers were just getting a
start then, and I was fascinated
with the idea of applying
computing to my trading
skills. I retrained,
initially as a programmer, and
then pursued a career that was
primarily one of designing
treasury systems for a number of
major banks. However,
I always wanted to get back to
trading itself, and more
importantly, trading for
myself. Finally, in
pursuit of this aim, I took a
senior IT position with a Stock
broker to see the
'wealth-creation' business from
the inside.
I went
out on my own in March
1999.
1970's
Bankers Trust International,
London;
Bank of Nova Scotia, London
and Toronto;
Provident National Bank,
Philadelphia
Professional Foreign Exchange
Trader
1980's
Citibank NA
Systems consultant.
Riyadh, Saudi Arabia and Middle
East and North African Regional
Office, Athens, Greece
also
Bank of NT Butterfield,
Hamilton, Bermuda
Senior Project Manager -
Treasury
1989-1993
Credit Suisse Head Office Zürich, and on overseas
assignment at Credit Suisse
Bullion Pacific, Melbourne
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