Millionaire Tradersso I applied the same things when I started trading stock. I looked
at my setup and thought, that’s true, my trading room is not the
way I want it. So I started changing things around and you’d be
surprised at the differences. I like peace and quiet. When I enter
a trade or exiting a trade, the TV’s muted out and I’m fully focused
especially right before news. Once I’m in the trade, I know there’s
nothing I can do to change it. Then I’ll put on other distractions
because I don’t want to think about the market 24/7. I can glance
at it and see what’s going on and continue with the rest of my life.
Q: Now, in terms of taxes, do you do that yourself or do you have
someone do it for you?
A: I did it myself last year, but this year someone else is going to
do it [laughter].
Q: Any plans of ever trading full-time?
A: Yes. It seems like every time I go to work, I ask myself why am
here? And my coworkers—they’re aware of my successes in the
currency market—they ask me the same thing. You should trade
full-time, but things like health benefits are stuff that is really worth
thinking about. Right now I have the flexibility to work only three
days a weeks, I get a full-time income. It’s hard to walk away from
that.
Lessons from Roland Campbell
Fading Market SentimentSome of the smartest traders that we know arefade traders.Typ-
ically called contrarians, these traders will step into the mar-
ket when moves have become very extended and sentiment has
become extremely one-sided to take a position in contrast to
the prevailing market opinion. For example, if the market has