Archive for month: October, 2007

Bumped to second

19 October, 2007 (11:19) | Journal | By: Colin McGinley

It turns out that the original winner of the FXstreet Trader contest was unable to have his trading record verified by his broker. After multiple attempts to resolve the issue, ekaram was disqualified.
This means that I have been bumped up from third place into second. It also means that my [...]

Blow-up Artist

11 October, 2007 (14:20) | Journal | By: Colin McGinley

There’s an interesting article on Victor Niederhoffer in The New Yorker. Niederhoffer is one of those maverick traders who has gained as much infamy for his failures as for his successes.
Judging by how well Victor Niederhoffer fared during this summer’s credit crunch (which was not all that well), it seems like he might have [...]

Review of Millionaire Traders

8 October, 2007 (14:59) | Books | By: Colin McGinley

In Millionaire Traders, Kathy Lien and Boris Schlossberg have replicated the well worn template used by Jack Schwager, of Market Wizards fame. The book consists of interviews with twelve successful traders. The subtle twist this time is that all twelve traders are self-made. They are almost all self-taught and grew their initial [...]

Spike and reverse

7 October, 2007 (13:30) | Journal | By: Colin McGinley

This week the ECB and BOE kept rates on hold. No real surprises there. In the run up to the rate announcements on Thursday morning the euro came off its high, dropping 200 pips. Again nothing totally surprising there. The euro had seen a great six week rise against the US [...]

Third place

3 October, 2007 (14:21) | Journal | By: Colin McGinley

The FXstreet.com Trader of the Year 2007 contest is now over. It ran from June 1st to September 28th.
I participated in the contest and ended up coming in third. I was pretty surprised at how few people made it to the finishing post. Out of over 50 people who originally signed up [...]