The 100-Pip Traderit out. I knew it might take me longer than someone else, but I
wasn’t in competition with someone to do it faster. I knew that I
wouldn’t have a large account like someone else might have, but
I wasn’t in competition to have a certain size account. I was just
trying to figure it out so I could be consistently profitable. I also
had a very good friend who was a financial planner, who told me
that the secret was to grind out regular profits on a regular basis.
The goal wasn’t to hit the jackpot or pull the slot machine or win
the lottery, the goal was to consistently grind out profits week after
week, and if I could be profitable each week, the amounts that I
made wouldn’t matter as it would prove that I was able to keep
what I had earned. And I think I just decided that was the main
focus—if it was just$50 week or it was even just$25 week—at
the beginning the amounts were irrelevant and really figuring it
out was more relevant. Then, later on, I figured I could find more
money to trade with if I had to. I can’t emphasize this enough. The
big lesson for me here was that I didn’t have to make$1,000 per
day or even per month. I just needed to make something and not
give it back. I learned that if I took care of my trading capital, the
rest would take care of itself.
Q: How much did you start trading with?
A:$2,500. It was partially mine and partially an investment that a
good friend made in me. In the first few days of trading, I made 10
percent in the account. I should have closed the trading software
down and not opened it up again for a month.
Q: What happened?
A: I almost remember it exactly; the account went from$2,500
to about$2,752 and some change and I had a 10 percent gain in
the account and I should have shut it off and walked away for at
least a week. I was positively euphoric. I was the Warren Buffett of
currency trading. I remember, I had heard these stories about guys,