The 100-Pip Trader3.I traded multiple systems at the same time.
4.I traded any currency pair that I liked.
5.I traded at all times of the day.
6.I traded long-term and short-term.
7.I read way too many books about systems and far too few books
about discipline.
Q: Did you take any classes?
A: No. I did read a lot of books, but I never took any classes. I
think the best book I read at the early stages wasReminiscences
of a Stock Operator, which most people know to be the not-so-
secret biography of Jesse Livermore. I also found a lot of wisdom
in biographies of successful people, including John Rockefeller,
Gandhi, George Washington and other Founding Fathers. In many
cases, I found more trading wisdom in the biographies than in the
trading books.
Q: How long did it take you to get it right?
A: Eleven months. During that time I tested my brains out. I
built my own trading systems and tested them endlessly. I tested
for hours and hours every day. I traded with a demo account and
a small live account.
Q: Did you at any point feel like giving up?
A: Probably every day [laughter]. I probably felt that way on a
regular basis at the beginning and some of it was because I was also
working at the time. I would develop Web sites. I took a job selling
T1 lines or Internet service at the very infancy of the Internet. I
took a job as financial recruiter, a headhunter. The one thing that
I would not consider doing was taking a job working in a law firm
and that was simply because I didn’t want to get sucked into the
lifestyle and go down a path that I felt really uncomfortable with