@factor_members Hi Peter, I would be really interested to hear how other people in the U.K. have set themselves up to trade. Whether they have their own company/work for a U.K. equivalent of Gelber etc. Would you be able to help me get some answers on that please?
@factor_members I am a bank trader and banks are restrictive in many ways (e.g. stuck to 1 asset class). I want to be able to trade in my office at home with my own money and see my wife and kids when I want to. Trading will always be my job whether I work for somebody else or myself.
@factor_members A key part of my trading is leaving one part of my position and trailing a stop on it. I feel if you’ve made money on 2/3 position it is mentally ok to let some run with a trailing stop and participate in moves like gold as it can really make a difference.
@factor_members Never big enough to cause more than a scratch/small cut is probably not far from the truth and a positive.
But never big enough to become significant profits? This makes no sense to me given your track record.
@factor_members Agreed! And nothing worse than people patting themselves on the back for comments they have made on the market with zero capital at risk. Only p&l counts!
@factor_members Thanks for all of your posts. I don’t interact on here as much as I should/would like to but all the information you post is very useful.