ADVENTURES OF A CURRENCY TRADER in .NET framework

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ADVENTURES OF A CURRENCY TRADER
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CRAIG GETS ANGRY
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Craig stopped talking about his trading at that point. He was obviously still upset about his huge mistake in his first month. The regular charismatic Craig had turned a bit angry, even, and I could imagine how disappointed in himself he must have been. He expressed his determination that I should never make a similar mistake, and I assured him that I absolutely would not. I decided that before I traded again, I would request a withdrawal of $500 from my forex trading account, so that I could pay off the iPod purchase for my wife and make sure that I realized some of the profit. It felt like the right decision from the moment I made it. I told Craig that I planned to do this. You will be so happy you did. You are doing what it took me a long time to learn to do. You are taking your gains. Good for you. This got him smiling again. He then changed the subject: John Murphy told me that you two are conspiring to get him an appointment with Anderson about some deal. I nodded. That s part of it. My end of the promise. Well, if you can work that out, it will be quite a coup. By telling me that I was going to have to work it out, Craig let me know that if I wanted to conspire to get John and Anderson together, I was on my own. That didn t bother me. That would be a sizable legal deal, Craig said before he bit down on his sandwich. Might even keep John at the firm. I didn t know what to say was John in danger of losing his job That was news to me, certainly, and I wasn t going to spend any time delving into that problem. Maybe that s why John was so excited about getting a meeting with Anderson to do the work on the forex fund. Well, keeping him at the firm seems like a good idea to me, I said. Really Is that what John told you No. I just thought it sounded like the right thing to say. So John didn t tell you, he said. Tell me what Now I was more interested. He wants to leave the firm and come down and work with me. This made sense. If John got the deal to do the forex fund work, he could meet Anderson and then he would be right in line for a job on the trading floor. I said this to Craig. Not really. I was confused. Why not He would know Anderson; he could get to know him better. But then Anderson would lose an attorney he really likes, assuming he gets to know John. And who knows what kind of trader John would be.
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Lessons Learned
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He s my good friend, but honestly he s not passionate enough, too straight around the collar, a bit too organized for trading as a career. Too organized Too organized, too methodical. Not enough feeling. Anderson won t like that. John has to plan out every move that he makes. He used to make four-color calendars for our study groups in law school. He is a planning maniac. It could help him be a good trader in some ways, but Anderson won t go for it. In five minutes, Anderson knows if he wants to hire you or not. All the things that he won t like about John, Anderson will understand immediately. He reads people instantly. While you re still trying to think of something smart to say, you ve already been hired or not. That s why I haven t introduced John to Anderson yet. This was bringing up more and more questions. But wouldn t John already know this about himself Haven t you spoken to him about it Oh, yes, he replied, finishing off his sandwich, at which point he started looking around for something, as if this conversation had brought to mind a forgotten task. He pushed back from the table a little bit, and bent down to grab what looked like a drink coaster from his briefcase. He shoved it in his shirt pocket and forgot about it. He continued: I talked with John about it. I told him that he was going to have to let it go a bit, become a bit more of a risk taker. He promises he can do it, but I can tell he just wants to make the switch because of the money. Like I said before, Anderson will be able to figure that out before John barely opens his mouth. I shook my head. How could a lawyer s salary not be enough He s got to be making plenty of money at the firm. How much do you think he makes Craig asked. I don t know. Over one hundred. He nodded. John made more than one hundred his first year with the firm. He s making at least two hundred right now, and he is doing well enough that he is clearly on the path to partner in a few more years and then he ll make at least five hundred grand a year. That s good New York money. I had never thought about it. I had spent a lot of time thinking about how much I made, but never very much about how much the attorneys in the firm were pulling down. Of course I knew they were wealthy. More than $100,000 per year meant wealthy to me. But I had no idea that the attorneys back at the office considered themselves so poor. That seems plenty to live on to me. What One hundred two hundred five hundred Yeah. Easily enough. Craig looked me squarely in the eye, and said, A good trader could make that in a month on the trading floor.
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