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E-mailGary Norden shares real-life trading stories: Rupert, don’t confuse brains with a bull market.
Over the next few issues of YTE magazine I will share stories of some of the many traders I have worked with over my years in this business. I consider myself fortunate to have traded in some of the largest trading floors in the world, providing me with first-hand knowledge of hundreds of traders. The ability to learn from the successes and failures of others was crucial to my success, and I understand how hard it is for most retail traders who, usually, can learn only from their own experiences. My examples are real, but names have been changed because I am quite attached to my house and possessions!
At just eighteen years old I was given a job writing trading tickets on a Japanese equity warrant trading desk. It was during a boom time in the City of London: 1989, the era of Gordon Gecko, when ‘greed was good’. I was working for a Japanese investment bank, then one of the biggest in the world. The Japanese warrant market was fast, frenetic and, at the time, the most exciting market in the City of London. I was very naïve both in terms of the markets and of life in the City...
Excerpted from an article originally published in the Nov/Dec 09 issue of YourTradingEdge magazine. All rights reserved. © Copyright 2009, MarketSource International Pty Ltd.
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