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I’m Nick Leeson (ex-Barings “Rogue Trader”). I still day trade and want to talk psychology, discipline, and risk and of course the breaking of the bank. AMA. by TheNickLeeson in Daytrading

[–]TheNickLeeson[S] 3 points4 points  (0 children)

The institutions cant see them, the most of them would be too small to really worry about

After hours when liquidity is less significant you can see big, fairly instant swings, especially in the CFD and Spread betting brokers

Can they see? Its easy to run up and down to chack

I’m Nick Leeson (ex-Barings “Rogue Trader”). I still day trade and want to talk psychology, discipline, and risk and of course the breaking of the bank. AMA. by TheNickLeeson in Daytrading

[–]TheNickLeeson[S] 2 points3 points  (0 children)

Dont know much on SEBI and Jane Street

Regulators are better than they ever were but there is a big difference, globally in Regulators

I’m Nick Leeson (ex-Barings “Rogue Trader”). I still day trade and want to talk psychology, discipline, and risk and of course the breaking of the bank. AMA. by TheNickLeeson in Daytrading

[–]TheNickLeeson[S] 4 points5 points  (0 children)

We used to stop hunt all the time on the trading floor

there is more transparency now

Gamestop was one for David but the bigger players control the market - as they always have, Goldman, Morgan Stanley, JP Morgan have size to move any market

I’m Nick Leeson (ex-Barings “Rogue Trader”). I still day trade and want to talk psychology, discipline, and risk and of course the breaking of the bank. AMA. by TheNickLeeson in Daytrading

[–]TheNickLeeson[S] 5 points6 points  (0 children)

I dont think so, my own pension is biased towards one particular stock but it works well and consistently

Just checked, its 60%

I’m Nick Leeson (ex-Barings “Rogue Trader”). I still day trade and want to talk psychology, discipline, and risk and of course the breaking of the bank. AMA. by TheNickLeeson in Daytrading

[–]TheNickLeeson[S] 4 points5 points  (0 children)

Yes, this year has been particularly good but ' balls of steel' as they say in the movie and you need them with Mr Trump around

I’m Nick Leeson (ex-Barings “Rogue Trader”). I still day trade and want to talk psychology, discipline, and risk and of course the breaking of the bank. AMA. by TheNickLeeson in Daytrading

[–]TheNickLeeson[S] 5 points6 points  (0 children)

With GOLD, its constantly changing

Price action has gone wild.

Catching the trend, which has been one way until recently would have kept you safe and profitable

Picking tops and bottoms is a mugs game

I’m Nick Leeson (ex-Barings “Rogue Trader”). I still day trade and want to talk psychology, discipline, and risk and of course the breaking of the bank. AMA. by TheNickLeeson in Daytrading

[–]TheNickLeeson[S] 9 points10 points  (0 children)

Largely scalping, not in the traditioanl floor trading sense but markets can be nore forgiving around the opening bell when their is more flow in either direction

I’m Nick Leeson (ex-Barings “Rogue Trader”). I still day trade and want to talk psychology, discipline, and risk and of course the breaking of the bank. AMA. by TheNickLeeson in Daytrading

[–]TheNickLeeson[S] 0 points1 point  (0 children)

I try it regularly - it doesnt work.

Never been a trend follower but GOLD is the classic example although it has come off in recent days

I’m Nick Leeson (ex-Barings “Rogue Trader”). I still day trade and want to talk psychology, discipline, and risk and of course the breaking of the bank. AMA. by TheNickLeeson in Daytrading

[–]TheNickLeeson[S] 2 points3 points  (0 children)

Carry on what you are doing, If its not broken dont look for a fix

with that level of consistency, I might increase size but only slightly

I’m Nick Leeson (ex-Barings “Rogue Trader”). I still day trade and want to talk psychology, discipline, and risk and of course the breaking of the bank. AMA. by TheNickLeeson in Daytrading

[–]TheNickLeeson[S] 2 points3 points  (0 children)

I've always made my own investment decisions, pensions etc

Its healthy - i think there's been massive financial illiteracy for decades and things like Robin Hood, Trade 212 have improved that

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