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Mr FT is a self-employed spread better. After 18 years in fund management he was given the choice of moving to London or .. not. ‘Not’ won out.

FT has been trading full time from home for two years, with nothing but four kids and a beach to distract him .

He fills his spare time with weight training and rugby, though more coaching than playing these days.

FT mostly trades the forex markets and although he plays FTSE on occasions his bread and butter market is £$.

He likes to think that his technique is evolving but still hasn’t the temperament or money to back the big calls. He prefers to trade between 1 and 3 times a day, aiming to take regular small gains, but feels part of the evolution is in not dealing if the conditions don’t feel right.
 US Payrolls Send Shares Into A Tailspin
Posted by FT on July 2, 2009
Category: Shares & Indices, Trade Diaries by FT Comment

“Saying we’re in a slow recovery, not a recession, is like saying we don’t have any unemployed-we just have a lot of people who are really, really late for work.”

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Jul
2
US Payrolls Send Shares Into A Tailspin

"Saying we're in a slow recovery, not a recession, is like saying we don't have any unemployed-we just have a lot of people who are really, really late for work."

Jul
1
Quarter-end Rally Arrives A Day Late

The quarter-end rally arrived a day late, spurred on by improving manufacturing PMIs. Poor job data from the US failed to burst the bubble as markets await the ISM number.

Jun
30
GDP Shocker Spoils Sterling's Party

Sterling made a new 2009 high against the Dollar as numbers from the Nationwide suggested house prices rose again last month. But with pantomime timing the party was ruined by the worst GDP number for 50 years.

Jun
29
Shares Squeeze Higher Into Quarter-end

With the major economic data slanted towards the end of the week, shares rallied towards the half-year end. The Dollar drifted lower with traders more interested in Wimbledon.

Jun
26
Gold Rallies on Renewed Reserve Currency Talk

The hot summer seems to be affecting traders' judgement; yesterday poor jobless numbers saw shares end higher. The move continued in early trade today, but higher income and confidence numbers saw markets spinning lower.

Jul
1
Exploding The UK Employment Myth

Yesterday we discovered that growth in the UK had shrunk by the most in 50 years. Yet the dole queue is only half the length of the 3.5 million out of work in the late eighties. What’s going on?

Jun
16
What Next For Gold

Lately I have heard some interesting contrarian reasons for shorting gold, but there are also good reasons for buying gold. Today I will list some of them from both sides

Jun
11
What's The Next Big Dollar Trade?

The spring stockmarket rally has seen the Dollar slaughtered as traders switched into higher-risk currencies. But is that trade looking a bit tired now and should we be preparing for a change of direction?

Jun
10
What's The Next Trade In Stockmarkets?

Just like any good horror movie, last night stockmarkets looked to be in the final throes of the rally, only to rear up again. But is this the final supreme effort or a new lease of life?

Jun
8
Stocks Take The Glass Half Full View

While the U.S. unemployment rated jumper to 9.4% (a high since August 1983), the markets chose to focus on the welcome fall

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