the locker room with richard jackson: Q & A

The reason I wanted to write this blog post is because I have a feeling you guys might be a little to scared to ask Richard some semi-unprofessional questions yourselves, enjoy!

If you could revisit yourself in your mid-twenties and give young Richard Jackson one piece of life advice, what would that be?

Educate yourself properly, it’s the most important thing for any trader. It will shortcut a lot of time failing and meandering through your decision making. I would recommend to anybody looking to trade to make sure you have someone experienced to be able to talk to you and keep you on a straight path. Also, don't underestimate the power of a great book.

Reading Recommendations:

Carolyn Baroden: Fibonacci Trading Scott Carney: Harmonic Trading

Larry Pesavento: Trade What You See

What’s the first thing you do when you wake up?

Check my positions. The very next thing, I check the news. I do this for about half an hour in the morning before getting out of bed.

What your favourite pair to trade?

EUR/USD and GBP/USD – due to the volume and volatility. Mainly the EUR/USD because it amounts to about 57% of the dollar index.

What’s the most exciting times you experienced as a trader?

I was trading the e-mini S&P 500 and listening to the squawk from the C.B.O.T open outcry pit. For those who don’t know, the squawk is similar to a horse racing call on the tic chart about what’s going on in the open outcry pit.

Essentially I was witnessing multi-billionaire fund managers place ludicrous sized positions on the market to hedge the downfall of the Lehman Brothers and other index funds in 2008.

Another highlight was watching the limit down on the S&P during the same period. This means the market has moved over 3% during the close session, so the open trading session had been suspended. It was absolute hysteria.

You often say female traders naturally make better traders than men, why is that?

They are less emotionally tied to winning and losing and tend to not have hubris as men do. Basically, they can take losses easier and generally have less of an ego.

Your favourite place to go on holiday?

The South of France – Nice’, Cannes’, St. Tropez.

There you have it traders, thank you all for stopping by!