Successful full-time traders - anonymous interviews for a serious book

rgthomas

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SUMMARY:
I am writing a book based on interviews with successful full-time (or largely full-time) private investors and traders. I am posting here to try to attract more interviewees. If you think you might be prepared to be interviewed, please reply below or PM me.

DETAILS:
This is not a ‘how-to’ book or a ‘get-rich-quick’ book, but more of a journalistic profile of the working methods and lifestyles of a few full-time investors. Analogies among books currently in print might be Jack Schwager’s Market Wizards books, or John Train’s Money Masters books, but my book is about private traders and investors rather than pros.

Another difference from Market Wizards and Money Masters is that in my book all interviewees are anonymised. Each interviewee is identified by a single (disguised) name (‘Hugh’, ‘Neil’, ‘Janet’, etc). Home towns, previous careers, family details and other information are also changed or left vague. Hence the identity of interviewees should be disguised from almost all readers.

The interviewees need to be people who spend much of their time on trading or investment, and have done so for at least say 5 years. Long-term survival is my criterion for success - you don’t have to be fantastically wealthy or well-known. People who make a modest living quietly doing their own thing are especially interesting. The spirit of the book is more about trading as a means of independence and freedom, rather than ostentatious wealth.

I don’t need (and won’t ask for) any detailed information about portfolio size, investment returns or other personal financial details. The criterion for inclusion is simply that interviewees claim (in a way which I find reasonably credible) to make a living from their strategies. It doesn’t matter what the strategy is – fundamental stockpicking, trend-following,charts, stat arb, other quant, scalping, whatever – it’s all good - I need a range of successful strategies to make the book interesting.

There is a fuller description of the book here

http://tinyurl.com/mutfd9

And a sample chapter on the first interviewee ‘Hugh’ is here

http://tinyurl.com/lqzwyk

I am not a journalist, I am a full-time investor myself, and have been for the past ten years (mainly a smallcap fundamental stockpicker, that’s why you don’t see me much at T2W). So hopefully the interview will be more of a fun discussion, rather than a series of uninformed standard questions.

If you want to know more, please reply below or PM me.
 
It was something I was thinking about writing before, being a big fan of the Market Wizards series. Snag is, what do the interviewees get out of it, considering you're making money out of the book? What about proof of success?

Something to consider.
 
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And how do you know if their stories are true? How can you tell if they have any commercial interest in system vending?
 
Ah, from the PDF:

"12. I am not aiming to make any money from this project. I am writing the book because
I think it will be interesting, and because I have an urge to do something creative with a wider
readership than academic writing.
"13. What is in it for you? Well, I hope you will enjoy the book when it comes out. It
won’t happen unless I can persuade a sufficient number of interviewees. I also hope that you
will enjoy the interview!"
 
And how do you know if their stories are true? How can you tell if they have any commercial interest in system vending?

I suppose you'd know if the stories were true because you'd be invited back to their place, according to the PDF, so if it's a grotty bedsit... then again, it could be a 6 bed mansion that they paid for from their solicitor job before being made redundant... :confused:
 
Thanks for the comments.

Speak to TD

Sorry I'm new here, someone tell me his full name please?

Because I am a full-time investor myself, I think I have a fairly strong b*llsh1t detector for untrue stories or systems vendors.

I've only done three interviews so far, but two of those spontaneously said at the start that they had enjoyed or benefited from thinking through what they were going to say. So I think that's part of what they get out of it.

If it tips the balance for anyone, I would also be happy to make a meaningful donation (three figures) to a charity of your choice in lieu of payment for the interview.

So far I have one interesting response. C'mon, there must be some others? Should I be cross-posting this on some other board here?
 
ttt... anyone else interested in being interviewed on an anonymous basis, please PM me.
 
Work on the book is progressing. Have done seven interviews, written up three. Anyone else whon might be interested in doing this, please PM me.
 
Anyone who clicks view new posts would have this thread appear in the list...

I'm the perfect example of anyone who clicks view new posts :p

Just want to say that, of course, reading about great pros is more impressive, but i would find quite interesting reading about other ordinary traders who reached some level of success.

Not many traders among my friends.

Just out of curiosity
 
Well nearly 2 years later, the book is now out :clap:

Free Capital
How 12 Private Investors Made Millions in the Stock Market

“This book profiles 12 private investors. Each of them has accumulated £1m or more – in most cases considerably more – mainly from stock market investment. Six are ‘ISA millionaires’ who have £1m or more in a tax-free Investment Savings Account (ISA), a result which is arithmetically impossible without exceptional investment returns.”

First chapter FREE here: http://www.guythomas.org.uk/investment/freecap.php

Amazon sales link here: http://www.amazon.co.uk/Free-Capita...=sr_1_1?s=books&ie=UTF8&qid=1289694534&sr=1-1

(Amazon publication date of 18 April is wrong - I know buyers who have already received copies.)

Enjoy!
 
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congrats. i am a reader of richard beddard's blog so have been looking forward to this. still can't get the kindle version yet.
 
Are any of the 12 traders people who you came into contact with via this forum?

No! But I do have one hardcore day-trader...

11. Khalid: The day trader

"Amongst long-term investors, day traders do not have a good reputation. They tend to be thought of as people with short attention spans and short survival periods. Khalid fulfils the first of these expectations: he makes 30 to 40 trades in contracts for difference (CFDs) every day and almost all of his positions are closed within a few hours. He carries few positions forward at 4.30pm, ending each day largely flat and holding mainly cash overnight. Although his wealth is comparable to several people in this book, his dealing turnover is vastly larger – he trades over £30m worth of shares every month. . After more than a decade of full-time trading, he appears to be an example of a phenomenon which many long-term investors doubt can exist: a day trader who has demonstrated long-term survival, and in recent years enviable success...."
 
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