At some point you have to ask yourself is this downtrend going to continue or did these stocks fall enough? About two hours before the bell rings, marking the end of the day. The first to recognize a reversal in the trend was Roy; one of my mentors. At that moment he was already earning over a million dollars for the day. “Market Makers are buying everything I’m selling,” he says. An alert goes off in my head: Are Market Makers working with us to buy stocks just to knock them down again? I never earned that much in one day. I decided to downsize, stick to my game plan, and keep the profits. At the end of the day, there were cheers of joy at the office, and of course, we celebrated big. In the following days, the market was very volatile two of the three traders who made the most money and some other traders in the group returned all the profits they earned and more! How and why? They lacked self-discipline and risk management. I was not one of the most profitable traders in the group, but throughout I was consistent, disciplined, and always stuck to the game plan. I asked one of my mentors, “Why do traders who make so much money teach us to trade?” – “Some people just enjoy teaching, and trading alone is not the same as trading in a group” he answered. To this day it inspired me to do what I do, teaching people like you who are ready to take the next step in self-discipline and success in trading.
My curiosity about the financial markets started at the age of 16, 1994 started as an assistant at my father’s Commodities Broker-Dealer in Beverly Hills California www.cannontrading.com Thereafter I got a job at CIBC Oppenheimer New York; as an assistant Broker. Drawn to the trading floor, where I became friendly with some of the traders. I learned from them to concentrate on one stock, eat, breathe, and sleep one stock only. That way when the market, sector & stock move I should be able to predict what the outcome should be. Where is the derivative supposed to move to, how much it should move etc…
In 1999 I secured a job at World Co LLC and passed my Series 7 exam as a Broker in the US via FINRA. Studied technical and fundamental analysis, and I used that knowledge to trade the firm’s capital with success. 2000 I was offered a by some SOES Bandits at Broadway/Andover trading to trade with them Firm capital; I grew to a 30-plus trader Desk, built trading strategies (Algo), advised when to cut losses and take profits, ensured compliance with all trading policies and procedures (AML 7 KYC), troubleshoot system failures and program trading connectivity, daily trade reports and margin requirements. 2001 I was recruited by a larger firm Tradescape; I was able to gain experience in how to ensure compliance procedures, new accounts applications, and margin risk disclosure. In addition, I provide connectivity solutions and assessment of trading strategies for ALGO companies. 2002 Tradescape was purchased by E-Trade; where I was able to continue my work and expand my services to institutions. In 2006 I joined Noble Trading; helping the firm grow and achieve its buy-out goal by LightSpeed Trading. I continued at Lightspeed Trading, offering online and ALGO services. 2012 I joined Celadon Financial; and dealt with Institutions and Retail clients; my work entailed Personal Wealth Management. 2015 I went into FinTech; an online trading software solution. 2016 served as President & board member at World Health Energy.
So when did I find time to trade? in my younger years, I was happy trading twelve hours a day, there are days when am trading for two or three hours; the opening and closing bell. Seems like I have my hands full and set in life, so why will I teach you? I like to teach, and it is my retirement plan, I get to give back, meet interesting people around the world, and am good at trading.
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