The Coolest Guy in the Roomthe office. I learned early on that I was a first-hour trader, so I
practiced going in for an hour and half, trading and leaving.
Q: You were trading for an hour and half and then just leaving?
A: Yes, because I was very, very good at the first half of the day.
It was a discipline that I learned that worked for me.
Q: What would you do the rest of the day?
A: Sometimes that was a challenge. I did find that once I left the
office, and I couldn’t trade, I wasn’t tempted to go back and make
one more good gambling trade. I love to win. I learned to accept
that after the first hour, it wasn’t going to happen.$500 or$5or
$5,000, walk away and string together those winners day after day
after day.
Q: At that time did you create any kind of a monetary target for
yourself every day?
A: No. I still don’t do that.
Q: Do you think that is a dangerous game to play for traders?
A: Yes, and, as a matter a fact, I think it’s a huge mistake for
people to set monetary goals.
Q: Because it forces unnatural trades to reach those goals, right?
A: That’s true and there are some days where there’s a lot more
opportunity. You can set a$500 goal, and you quit at$500, maybe
the day offered$5,000. It’s about going in and taking what the
market offers you. Making good trades.