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.
More Records Than HMV
Well cheers Darling, that’s scuppered next week’s Views & Opinions. I’d been hoping to write about the implications of the UK Budget for equities and the economy in general. But unless the weekend press can turn anything up I don’t think we’re going to give a rat’s arse about it.
I can’t remember if we were making a price in the number of times he said, “Mr Deputy Speaker’ , but I was close to putting a shoe through my screen. I suspect it was a cunning ploy to preface every sentence with the phrase, “Mr Deputy Speaker” so that no one noticed what he was saying in between.
Anyway, enough of him for now, back to the markets. After an extremely late night writing about how I didn’t believe the Fed-inspired rally, I was more than pleasantly surprised to be greeted with this morning’s falls.
Yesterday, I sold Barclays at 458.16p. I bought £1 back, just for the hell of it, at 438p and I’m still running with a £4 short, currently at 436p. Nice one Sinbad.
The market rally had stripped my account of £200 on my short FTSE position, but I’ve made it all back with today’s lower levels.
But enough gloating, what’ve I missed out on? Well, sadly I missed out on a few good currency moves. My late night left me with closed-eye syndrome until nearly 8 o’clock, by that time the big moves had already happened. The EURUSD rate hit its new daily high, touching $1.56, and GBPUSD had a sniff at $2.04. The USDJPY rate hit a 12-year low, dropping briefly below Y100.
Oh, and oil’s looking settled over the $100 mark, hitting a new high of $110.90, and gold popped up to shake hands with $1000.
What cracking markets; I hope you’re all having fun out there.
Happy Trading
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