Surfing for ProfitsQ: So if you’re going to do it, take it seriously, is that your one
piece of advice?
A: Yeah, take it very seriously because, if you do, that’s when
you’ll reap the benefits, I think. But if you don’t, you’ll always see
the potential, but you’ll never reach it. I think a lot of people see
the potential but they never take it to that next level. Then, if you’re
going to trade, if there’s one thing I’m going to tell you, is keep
your leverage low. Low, low, low. That’s the key thing, especially
since that will keep you in the game. If you stay in the game and
keep playing the game, what will happen is you’ll gain experience
and eventually you’ll figure out the one thing that works. Then just
stick to that one thing and it will make you money.
Q: Could you replay your best trade ever?
A: You know, that’s funny. My best trade ever was a combination
of a lot of things. What happened was several years ago I was
trading the pound with a group of traders. A couple of the guys
had been up all night waiting for this number to come out, but I
actually went home, slept, came back in the morning, got set up
in like five minutes, and then the market started moving before
the numbers had come out. I can’t remember which numbers,
I think it was an unemployment number or something. But for
some reason I decided my game plan was to go short. I had my
whole game plan that I was supposed to wait for the number. But I
decided to place my trade before the number, which you shouldn’t
do. I ended up getting into position right before the number and
the number came out and the market moved about 200 pips.
Q: It was waterfall.
A: Yeah, it was just amazing. And literally in that second, when
I closed the trade, I started laughing. There was a little luck obvi-
ously, and the whole point was it happened so fast everyone missed
it, There were some guys who had been waiting around for like