Stock market career
Since stepping into the world of financial markets as a 19-year-old, I’ve witnessed and learned a great deal about market dynamics and adaptation.
Starting at Sheppards and Chase in London, my first day was a whirlwind introduction to the intense world of trading floors, from the London Traded Options Market to the bustling pits of LIFFE.
Key Lessons Learned: Market adaptability
Adaptability is Crucial: The market crash of October 1987 was a stark lesson in the importance of staying adaptable.
The ensuing chaos and rapid market shifts underscored the need to stay flexible and prepared for any scenario.
Trading floor experiences:
My early days were spent processing order tickets, advancing to a phone broker and eventually a floor broker.
This progression taught me the invaluable lesson of learning from the ground up and understanding every facet of the trading process.
Embrace Technological Advances:
From the days of open outcry to the advent of electronic trading, embracing technological changes has been essential.
Staying ahead of these advancements has been key to maintaining a competitive edge.
Psychological Resilience:
The aggressive, high-pressure environment of trading floors cultivated resilience and the ability to perform under pressure.
This psychological fortitude has been vital in navigating the ups and downs of the market.
Building Relationships:
The camaraderie and connections formed during those early years have been enduring.
Many of the individuals I met in the testosterone-filled trading pits remain close friends and valuable contacts.
It’s not the smartest traders who succeed, nor those who work the longest hours. It’s traders who learn how to control their emotions.
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