By C.R. Scott
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Extra resources for An introduction to soil mechanics and foundations, 3rd edition
Because of this, I’m very familiar with the dilemma that a new trader has in attempting to work a full-time job and try to trade at the same time. We were deeply in debt after law school. I defaulted on student loans to pursue currency trading as a career. We experienced enormous financial pressures, including the inability to pay our rent or make our car payment or really have enough money for basic essentials. But we decided that was the direction that we were going to go and once I made that decision I wasn’t going to give up.
If you and I plotted a random indicator on price charts, on any timeframe, on any currency pair, with at least 5,000 to 10,000 bars of data, and locked ourselves in a room for six months, we could build a system from that one indicator. It’s all about verification and experimentation for me. I have no actual preference for one type of methodology, whether it be fundamental analysis, price action analysis, order flow analysis, 51 JWBK169-Lien June 29, 2007 19:33 Millionaire Traders support and resistance trading, or astrology [laughter].
When I was in law school, I took a summer job at an investment bank in San Francisco and my wife worked for a hedge fund. The exposure to these jobs started me thinking again about a career in the markets. So I started picking courses in transactional law or corporate law and found that I was once again fascinated by the idea of trading and realized that I had caught the bug a long time ago and I just couldn’t shake it and I kept coming back to the same thing. One day while working at the investment bank, I met a trader.