Millionaire Traders

JWBK169-Lien July 3, 2007 13:56

Millionaire Traders

Q: But at the same time it’s enormously intense. You are not

just sitting. Every single moment you are focusing on the screen.

Having done this, we know how draining this can be. How do you

relieve the pressure and maintain the focus for six straight hours?

A: I just do it. I just concentrate and focus, wait and watch, and

then attack. You are up in a tree like a hunter waiting for prey.

If the opportunity comes you, got to be there. If you are in the

bathroom or walking around, you miss it.

Q: Yes. But often in the market, sometimes for an hour, nothing

happens. If you ask a normal human being to stare at the screen

for even 10 minutes—when there is no action—most people can’t

do it. Do you use any meditation or mental tricks to help you?

A: No. No, mental tricks. I am always watching, and something is

always happening. Whether it’s something big or something small.

Yes, sometimes I do get bored. Sometimes I do something I

shouldn’t do. But generally I try to stay disciplined and wait for the

opportunity to happen.

Q: Do you ever dream about the day’s trading?

A: Yes, sometimes that will happen. I will see the Level 2 in my

head. It hasn’t happened recently. As I traded more I have been

able to relax more. Now, when I come home, I am not as happy

after my big days, and I am not as upset after my bad days. The

highs are not as big and the lows are not as low. I come home every

day and try to do it again the next day.

Q : When you first started out, the pressure of being

profitable—where you had to make money or you didn’t eat in

a sense—how did you deal with that?

A: Yeah, that was terrible. My first day, when I started, I made

$1,500. After the first week I was down$5,000 because I had