TRADING FOR A LIVING FOR OVER 32 YEARS

I have been trading for a living for over 32 years and have managed multiple million-dollar accounts of my own capital and that of investors, owned a proprietary trading company, and a hedge fund management company.
 
I trade my own money, so I am not taking unnecessary risks. Contrary to popular belief, derivative trading is not as risky as many would think. The art of speculation in derivatives is not fixed in a single direction. This means we can buy a derivative (if we expect its price to increase) or sell a derivative (if we expect its price to decrease). 
 
In terms of the risk involved in derivative trading, it can be as well managed as any investment. There is your directional bias (up/down direction) followed by the levels at which you would close out a profit (or a loss). So, in many senses, it is not that different compared to traditional investing and in fact, the ability to play both directions (up/down) gives you an edge over investors who only look for investments that will rise.
 
Long-term success trading in the markets demands an understanding of market behavior. Crowds move markets and at major market turning points, the crowds are almost always wrong. Crowd sentiment swings from pessimism to optimism and back in a natural sequence, creating patterns in price movements. When crowd sentiment is overwhelmingly positive or overwhelmingly negative it's a signal that the trend is exhausted, and the market is ready to move powerfully in the opposite direction. I have made huge profits by identifying shifts in crowd sentiment at major market turning points.

I have been successful because I have made smart use of leverage and position sizing, focused on understanding market behavior, identified repeatable timing patterns enabling me to capitalize on consistent and predictable time of day, day of week, and month of year trading opportunities, and utilized intelligent order placement to position trades.
 
ROBERT NASH