Time sure past fast. I recall reading Millionaire Traders book by Kathy Lien and Boris Schlossberg. Guess what? Kathy Lien is heading to Asia, Singapore is her destination for Asia Trader & Investor Convention on 18th April 09 and 19th April 09. There is a great list of events and seminars by experts in the industry.Actually in the book they interviewed 12 traders who have hit it big trading for themselves. The are ordinary people who started with as little as $1000 and turned their initial small stakes into a six to seven figure fortunes. They come from all walks of life, live all over the world and trade a variety of electronic markets. Some of the traders focus on equities, others on futures or foreign exchanges.
Each has a very different style of trading, some that are even in the direct conflict with each other, showing that there are many paths to success in the financial markets. However, all these traders practice discipline, and always cut their losses. None of the interviewees were successful from the start. Several have blown up at least one trading account. But instead of walking from the markets, they learned from their early failures and used their experience to improve and ultimately succeed.
The traders were 'force' to share their stories and tell how they got started, their best and worst trades, their number one rule if trading, and the many lessons that they have learned through the experience. This book serve to inspire traders to believe that success is possible and that everyday people can beat the Wall Street at its own game.
I'll share more on the 12 individuals in the coming days.
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