Millionaire Traders

(Greg DeLong) #1
The 100-Pip Trader

there are people outside that range, but I feel really comfortable
working with people who are former students. I am in the office
right now in West Virginia, and here with me there’s an individual
from London, there are two people from Florida, two people from
Arizona, and they’re all former students and they just come out to
hang out and test and trade. They’re at varying levels of success, but
that’s really actually irrelevant. It’s really about having a group of
people to interact with, collaborate with; we sit down in front of the
white board and we project the charts onto the white board where
we can write on it. We actually back test together on a regular basis
and make it a part of our daily routine. These types of people, they
come and go as they please in the office, which is perfect since the
office was open for that type of thing to take place.


Q: That’s great. Does your wife trade at all?


A:No.


Q: She has no interest?


A: No interest whatsoever. She attended the French Culinary
Institute in Manhattan and she’s a pastry chef, so she has interests
that lie in different areas.


Q: Wasn’t she working at a hedge fund before, when did she
become a chef?


A: Kind of off topic, but not so far off the topic. She worked two
and half to three jobs the entire time that I was in law school to
pay the bills, and she got up at four o’clock in the morning to go
downtown to San Francisco to reconcile trades for a hedge fund,
and this hedge fund manager lost between$70 and$80 million in
one day on OEX options. My wife was reconciling the trades the
day after all these option trades blew up and that represented at

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