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It happens during the conflict on the Falkland islands between Argentina and Great Britain in 1982. The gold market has sharply reacted to the news arriving from a zone of military operations. I was in a hole, carrying out client orders and trading withTrading - my life 29 The bill, on the double auctions still resolved those days. Have unexpectedly burst news: Argentina capitulated in the Falkland crisis. Gold has instantly failed downwards for 50 dollars. After short time news have come that capitulation was not. Gold has promptly flied up upwards on the same 50 dollars.
In the middle of this madness I have written down the transaction on which I have sold gold under the low price to other trader by name of Mike. When I have gone to verify this transaction with Mike, he has told that he has sold under the low price to me. "Thus, both of us have sold", — I have told to Mike.
"Yes, and now the market for 50 dollars above, — has grinned it. — so you have bought mine, and I will buy yours".
We have come to the agreement under this transaction, and everyone has put in a pocket on $57 000. For one day I have made more than enough to start in a hole S&P. My trading bill has received injection, sufficient initially, and my future has been defined. I have left a gold hole and have left in contracts S&P. After that I already never looked back back. This error became huge good luck, but the moment when it has occurred was even more important. For the last years I have studied all nuances and was ready to own actions in a hole S&P. Happen these $57 000 earlier, most likely, I quickly would lower them on unsuccessful transactions. But this moment of time became a gift of destiny and a rotary point in my career.
Executing orders for Martha, I have quickly shown to Mauri and Jack that I could do in a hole S&P. My self-trust has been restored, And I became one of the best in this hole. I any more did not feel the candidate on dismissal, Jack with Mauri took me in the command as quite it the trader.
Among my clients in a hole S&P there was a large firm on trade in commodity futures ?'it the Partner. When I executed orders for clients ?'it always gave particular attention to transactions for one of its largest clients — Jim Pirsa. Jim one of the best traders working out of a floor, of all whom I knew. It had the supernatural sense of the market, a market instinct shaking imagination, and I have decided to do all how it does. Therefore, when it gave me the order, for example, on purchase of 500 contracts S&P on the market, I executed its warrant, and then bought 20 for myself. The market steadily went on increase. When Jim left the market, I at first sold its contracts, and then the. But that such Jim Pirs sitting before saw
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