Where did it all begin?
I entered the financial world bright-eyed and bushy-tailed over 30 years ago, when I stepped out of Bank station in the heart of London to begin my career at LME founding member Rudolf Wolff. I worked my way from the back office, to dealing in LME warrants, and then to the main execution desk broking orders for customers across the LME and virtually every major global market.
When did you start trading?
While at Wolff, an opportunity to help set up a new LIFFE operation was too good to turn down, and it wasn’t long before the pull of the pits had me hooked and I became a “local” trading my own money. I remember my first day like it was yesterday. I stood in the pit and didn’t have the foggiest idea what to do. My first major trading lesson was realising that even with years of being involved in markets, it does not prepare you for trading with your own money. I had to learn, and learn quickly but I was very fortunate to have some very good trading teachers, and here I am, still trading my own account and managing to win more than I lose. What I really want to do now is pass on the knowledge and experience I gained, to help you realise your potential.
What is your most important trading rule?
“Trading is not about learning how to win, it’s about learning how not to lose”.