Thursday, May 28, 2009
Millionaire Traders Part 13 - Steven Ickow
Almost 70 percent of trading on Nasdaq is now done through automated order-entry programs. Many traders have bemoaned the onset of computerized trading robots as the end of face-to-face markets, but Steven Ickow had not only adjusted but prospered under the new regime by probing out the logic behind the software algorithms.
Let's get some tips from Steven Ickow :
"At the beginning it was very hard because I couldn't figure it out. You'd feel a sense of failure, why can't I figure it out? And then it just clicked. I tell people that after six months you either get it or you won't."
"So I can tell people exactly what to do. But their emotions get the better of them. I have trained people who were good traders to become better trader."
Lastly, find the right instrument to trade and be very focus- forex, stocks, commodities, future index etc. Trading requires total dedication and complete commitment. Winning traders always have a crisp, clear and logical foundation for their trade.
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