Myfairygodtrader - Booker - Forex Trading Auctions.pdf

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FGT
God Trader
THE STORY OF THE PIP AUCTION GAME
http://www.robbooker.com
My Fairy
© 2004 Rob Booker
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“Have you ever heard the story of the Pip Auction Game?”
the visitor asked.
“No,” I replied.
“Then I am going to share it with you,” he said, and he
locked his eyes on mine. “And it is going to change your
life forever.”
I didn’t know it then, but he was right. This is my story.
M Y F A I R Y G O D T R A D E R
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For Mitchell Cox
Trader and Friend
Mitchell was a 1 on 1 student in 2003. He turned the
corner into profitable trading in early 2004, and took
a trip to Thailand, where he intended to settle down
and live to get away from the frantic pace of life as a
mortgage broker.
He died in Thailand in an accident.
Lest you or I feel sorry for Mitchell, it is worth re-
membering that he spent the last year of his life do-
ing what he wanted to do, and dedicating himself to
creating a life that would be more fulfilling and
more worth living. We could all learn a lesson from
Mitchell.
Live each day as if it were your only and last time to
improve yourself, and to work on creating the life
you want.
M Y F A I R Y G O D T R A D E R
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Disclaimer
I have absolutely no idea who you are, what you do
for a living, if you are trading only currency, or fu-
tures, or livestock, beanie babies, cold cereal, your
best friend’s vinyl Rush collection (please, does any-
one else think that Getty Lee sounds like a dying
cow?), or your wife’s fine china.
I do know that if you have traded currencies, that
you have probably lost some money here and there,
and I hope this ebook is of some help to you. If you
have not—if you have never lost money trading cur-
rencies, then I want you to close this ebook, open
your trading account, produce last month’s report,
and then shoot yourself.
Okay, I didn’t mean that. You don’t have to produce
last month’s report.
Oh, and none of the people depicted in this ebook
are real. Well, I’m real. And my wife is too. And my
cat, although my cat is technically not “people.”
M Y F A I R Y G O D T R A D E R
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The Visitor
I had just lost another account. It was 3:22 am, Eastern Daylight
Time, drizzly rain pelted the air conditioner hanging out the side
window, my cat nuzzled against my left leg, and I thought I felt my
heart pounding its way through my rib cage, in that dull thumping
that you feel when you feel so bad you don’t know what to do next.
I would have to talk to my wife. Explain it again. Explain that I
knew what I was doing, but I just didn’t trade right this time. Or
that if I had just held on a little bit longer to the long EUR position,
that I could have closed it at a profit. Or if I had just dumped the
damn thing when I was down 10 pips. Or if I had just taken the 10
pips that I’d been given in the first place. Or if I had just tweaked
my entry system a bit more.
I had arrived at the point of being such a poor trader that the reasons
behind my failings were nearly too great to count, and none of them
quite made any sense any more. Could I really just change any one
of these things? Even worse, could I expect to be able to change
every one of my weaknesses as a trader?
With my head in my hands, I began to wonder if I would have to do
what had become my greatest fear since beginning: I would have to
go out and get a job again.
This brought a single tear to my eye and the thought: I have failed at
this again. I have just lost $60,000, and I am never going to make it
back again.
And then I heard a tapping on the window.
M Y F A I R Y G O D T R A D E R
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