– Traders – it is a separate elite cohort in any bank or financial company. It happens, that professionals make millions for their organization, and sometimes – bankrupt her completely. A striking example – infamous Nick Lisson, the loser of over a billion dollars of the largest English bank, whom the queen herself trusted with her savings. Hedge Fund Manager John Paulson, vice versa, earned billions of dollars during the last crisis, playing down. Том Болдуин, which scalps the market with huge positions, earns hundreds of millions of dollars, and he started with his own money, trading with just one lot.
In general, the times of crushing losses and millions “jackpots” for corporate traders have long passed. To date “nuts” control over traders tightened to the limit. The risk management system is now built as follows, what if someone even really wanted to repeat “feats” Nika Lisson, then it would be impossible. The system automatically blocks the trader, if the level of his losses has exceeded the previously agreed rates. If a trader works with his own money, then that's another story: he is his own boss and there are examples of amazing ups and downs. What is Jess Livermore worth, who made millions from practically nothing during the year, and then in a few weeks lost everything. After that Livermore sold his wife's jewelry, At home, borrowed and again a year later became a dollar millionaire.
80% successful traders do not manage their money, and by means of large trading companies and work under the supervision of professionals. Statistics show that, what in 70% cases, when the trader is on his own, he takes unnecessary risks, which is fraught with big losses.
– What do you control now??
– Now I manage the money of the Omikron corporation, operating in hundreds of thousands of dollars. List of shares, with whom I work, not static. With the help of special screening programs, among thousands of shares, you can find exactly those, that match your trading style. If earlier it was possible to select a portfolio from 10-20 shares and trade it for 2-3 Months, then today in conditions of increased volatility, once a 2-3 day the portfolio has to be revised and adjusted. For me, the most important thing is not the industry, and liquidity, the presence of noise on the action, number of events, risk-reward ratio.
Average trader's turnover, under whose control is $150-200 thousand, is $10 million. a day is about $200 million. per month. And there are tens of thousands of us. So imagine, what money is spinning in the industry. It is we who enable the "big fish" to buy and sell large blocks of shares in a short time, receiving a small reward for it.
-What instruments do you speculate with, and what place among them are the securities of the banking sector?
– There are so many instruments in the American markets, What happens, that you catch yourself thinking, what do you trade with a tool, that suits you, but you understand very distantly, What does this company do in general.
The most important thing is not the industry, and liquidity, the presence of noise on the action, number of events, risk-reward ratio. In my subjective opinion, the banking sector is the most dangerous, as it is poorly subject to technical analysis and extremely emotional. However, among the shares of companies, which I trade, still there are people like, for example, Morgan Stanley (ticker MS), which is listed on the New York Stock Exchange. This instrument has frequent entry signals., a little noise, but the risk at the breaking point is higher, than Wells Fargo, which does not have these terrible candlestick tails and emissions on breakouts of significant levels.
Another famous Credit Suisse sometimes behaves very well.. And there are days, when the securities of this company are dead and give absolutely no signals to enter or exit. We select stocks based on historical data, but we understand whether it is possible to work with them only during the session. Maybe this, that yesterday the paper gave a lot of opportunities to earn, and today we need it “take a vacation”.
Deutsche Bank is usually in a good trading range, but I find it difficult to analyze supply and demand in Level2. Can, certainly, and without it, but without this tool the chances of success are reduced.
HSBS (ticker HBC) - good volumes, but the entry signal is usually never confirmed, that is, you need to immediately make a decision. It has no transient state, Grows upwards, and then "bangs" down. But there is little noise and a fairly accurate tilt angle, if more 45% up, then in no case should you think about opening short positions.
Citi Bank is not good for intraday speculation, as it has a too low denomination and the trader will go broke on commissions. Potential movements that are too small are associated with this., I naturally mean in cent, not in percentage terms
– Everyone is interested, how much can a trader earn in “prime of life”. How much do you get?
– Let's start with this, what am I, how specialist, I am very expensive. For example, already in 25 years I became the winner of international trading competitions. Add to this an impeccable reputation, which I support for a long time, which in itself is also very difficult. Knowledge helps me in my work, received in universities. I graduated from the Faculty of Economics, Moscow State University, and then – MBA in Investment Management at the Higher School of Economics. Education and experience – this is the basis of work in the field of trust management.
Like any professional, I went to success in stages. In the beginning, I received 50% income from the amount given to me in management, but for today i take 98%. The company is enough 2%. After all, for the organization – this is secondary income. Her main profit is part of the commission, которую возвращает broker. The company will never go to waste. The organization, which work according to this scheme, are considered very reliable, as for them the risks of bankruptcy are extremely small.
Trading – this is a highly profitable profession. Logically, what's on the exchange, if one wins, means, someone else – loses. But I don't see anything wrong with that: eventually – it's just business. Standard competition laws apply here – the best profit. Nobody bothers outsiders to improve their professionalism, for example, in trading schools, and stand out in the ranks of the winners.
– Is it difficult to become a professional trader?
– The hardest part – it is to learn to apply knowledge in time, while controlling your emotions. The big problem is, that you can't take someone else's experience and use it. Для разных людей одна и та же stock может быть как чрезмерно быстрой, it will be difficult to make a decision on it, so too slow. Than short-term speculation, the more important is the experience and skills gained. To an extent – it's a trial and error. But the road to success will be shorter, if there is an experienced comrade nearby.
The beauty and horror of day trading at the same time is, that in order to master this profession you do not need to graduate from specialized institutes. To understand whether you can master this profession or not, just get the necessary knowledge, practice mnemonic skills and trade.
A foundation of theoretical knowledge for mastering the profession of an intraday trader, fits into two workshops on 5 hours. The rest of the time is practice on virtual accounts and hone your skills.. It can take from a week to months or even – years in difficult cases. Now Stock Trading School is negotiating with the Omikron trading corporation, so that she gives the best graduates of Stock Trading School money for management without making a risk deposit or minimizing it. Naturally, to get a recommendation from us, taking a forty-five hour course "Professional Day Trader" will not be enough. You still need to trade from our dealing rooms on virtual accounts under our guidance. The trader must gain experience, and we – statistics of his operations. With its help, we will be able to find the weak and strong points of the trader and together choose the exact style of trading., which suits and will bring money to this particular specialist. In trading, there are no universal solutions for everyone and everything is highly personalized.. So the only approach is, fruitful, – this is an individual training, based on the, how the trader perceived and reproduces that information, which he received in the first ten hours of theoretical studies.
– Little of, that you work simultaneously in several organizations at once, but you are also heading . Is it difficult for you to combine work with teaching?
– I only teach in my free time from trading. During my work, I show by personal example the algorithm of actions of a professional trader.. In addition to me, the school also has successful and experienced traders and teachers., who constantly monitor and help beginners. More and more of us, as successful traders switch from Russian exchanges to American ones. I have never seen the reverse process..
Besides, we have released two video courses on active professional trading. We did this to facilitate the learning process.. Many additionally require an alternative to live seminars form of information submission. In a live lesson, you can accidentally miss something, do not have time to write down or just forget. Eventually you can be late for the seminar. And an additional video course will refresh your knowledge and fill in the gaps. The only thing, what you need after studying our video courses, – it is to gain experience, first on a virtual account, and then – on the monetary. This is also best done under the supervision of professionals..
Our video courses – it is the foundation for successful trading. Having studied them, all that remains is to gain experience. It can be free, if you stick with that, what did you learn in the video course, or can cost a pretty penny. The market is a great teacher, who does not forgive negligence and punishes those, who doesn't work, but just playing. This is the main difference between a professional trader and an amateur.. Professional earns, and an amateur – plays, like in a casino.
– Crisis triggered a wave of allegations of fraud in securities trading and fund management in the West. Is it true?, that professional traders are often tempted to engage in scams?
The reason is rather not some malicious intent on the part of traders., rather, in the unjustified excitement of some hedge funds, which allow traders to take on increased risks. As for the acclaimed Goldman Sachs scandal (paper, prohibited for trading in most dealing rooms), then this is due to the wrong, that they were accused or suspected of something, and with that, that the average risk / reward ratio is unacceptable for the intraday trader. The beginning of the session there is generally a disaster and is more like gambling in a casino., than to work. Whatever the scandals in the American stock markets, they remain the most transparent and honest. This is one of the main reasons, why 99,9% профессиональных трейдеров выбирают NYSE , AMEX, NASDAQ. At these sites, everyone has equal opportunities to work and earn money.. There is no insider factor here, does not allow to work normally on Russian and other developing exchanges and even some platforms of developed countries.
– Agree with the opinion of the information portal “My finances”, that you are ripping the stock market bread out of grasping American teeth?
– I need to make money and I do it. Then you might as well say, that a more experienced surgeon will take money away from a less experienced one. So you can get to the point of absurdity. Trading – it is one of the few industries, where you can get decent rewards at an early age. Overall, it's like a sport, that is, a profession for young. Although, there are exceptions. Nevertheless, if you have a good high-paying job, do not leave her immediately after, how did you make your first thousand dollars. Different time zones between Russia and the USA allow you to try yourself as a trader in the evening, because American markets open in 17.30 and close at midnight Moscow time. Nevertheless, I can not but rejoice that, that among my students there have already appeared those, for whom trading is the main income. We are now deciding, where will we trade in summer: in Bali or on the Cote d'Azur. Our work is not tied to a specific place. The only thing, what we need – these are computers, stable working internet and close people around.
“My favorite stocks”
NYSE
XOM Exxon Mobil Corp
V Visa Inc
WMT Wal-Mart Stores Inc
TOT Total SA
TM Toyota Motor Corp
TIF Tiffany&Co
SLB Shlumberger Limited
SNE Sony Corp
SI Siemens AG
SAP SAP AG
RY Royal Bank of Canada
RNR Renaissancere Holding
REP Repsol YPF SA
PM Philip Morris
PG The Procter & Gamble
PEP PepsiCo Inc
NKE NIKE Inc
MCD McDonald
MAR Marriott
KO Coca-Cola
JNJ Johnson&Johnson
HSY Hershey
HPQ Hewlett-Packard
HOG Harley-Davison
HMC Honda
HLF Herbalife
FDX FedEx
DB Deutsche Bank
COP ConocoPhilips
CAT Caterpillar
BHP BHP Billiton
BA Boeing
NASDAQ
SBUX Starbucks
ORCL Oracle
MSFT Microsoft
AMZN Amazon.with
AAPL Apple
AMEX
SPY
GLD
BTI British American Tobacco
DIG Ultra Oil & Gas ProShares
AMEX
BTI (British American Tobacco), SPY, SSO, SDS, FAS, DOES
and many others.
