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007 – The Story of a Successful Retail Trader (The Black Cabbie Trader)

Episode 7 – The Story of a Successful Retail Trader (Know as the Black Cabbie Trader)

The Guest

John Walsh, AKA the Black Cabbie Trader is our guest this week. John is a highly successful retail trader and winner of 2012’s City Index Trading Academy competition and tv programme.Black Cabbie Trader

He makes regular media appearances and runs the blackcabbietrader website. Aside from trading he recently won a charity boxing match and still drives a London black cab! He gave us some great insight on what he believes is the number one personal characteristic that lies behind his success: resilience.

He also is clearly very analytical, has the ability to trade like a robot and has no love for failed trades. Fair play.

 

This Week

Post Brexit market fallout continued and trapped Owen is a rubbish ‘back yourself’ trade which went horribly wrong. Turns out people listening to the same BOE Governor speech can have vastly different interpretations of the words that come out of his gob…Owen will need to actually choose a system and stick to it and stop behaving like a degenerate gambler if he is to make any money.

Tom has been ticking along nicely, some winners, some losers so expect more of the same. Tweaks to his Risk Management system are paying dividends.

Next Week

We’ll both be doing some reading on the lines that the Black Cabbie Recommends but it’ll take us a while to get through them. Turtle Traders is probably up first (not Purple Traders, Owen you spoon…) so watch this space.

The Books

The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires by Michael W. Covel

Reminiscences Of a Stock Operator by Edwin Lefevre

How I Raised Myself From Failure to Success in Selling by Frank Bettger

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