Trading with a Killer Instinct
Alan Farley has an article defending his trading with a ‘predatory instinct’. (That article is subject to change at any time, snag it while you can.) Here are some of my favorite parts:
Stand apart from the crowd at all times. Be the first in and out of the profit door. Your job is to take their money before they take yours. Be ready to pounce on ill-advised decisions, poor judgment and bad timing. Your success depends on the misfortune of others.
I earn a living when other people put on their dumb hats, and buy too high or sell too low. Traders like me don’t build bridges, sell suits, or lead flocks to salvation. We contribute nothing to society except pure liquidity and an aggressive attitude. I wouldn’t have it any other way.
Traders work directly with the machine language of world capitalism. It’s the only profession I know that doesn’t depend on a boss, a company or an economy. At its core, trading feeds ruthlessly off the excesses of the marketplace. It just wouldn’t be the same without all the manipulation, misinformation and monkey business.



















This post has 2 comments
July 11th, 2003
Thats’s a great article and how we should all view competition. The people who lose always want to blame somone else instead of learning from their mistakes. I think we need to get the crooks and throw away the key. But all of these people who blame their brokers were not looking out for themselves. All they had to do was some research. They thought they could get rich by watching CNBC and throwing some money at the market.
July 14th, 2003
Indeed Walter. And most traders are basically trying to pick-pocket other traders. Nobody is your friend in the market, IMO.