Category: Money tips Release Date: 2006-12-09
Chapter XIII from brokers to traders Wilbur â—?â—?Boen Ji
Boen Ji Wilbur started out from the dried agent. He was initially a brokerage firm in the Chicago Board of Trade (CBT) the sale of financial futures. Because of his institutional investors in the company's customers advice have been very successful, so he also opened an account. Bond futures market in the early stages of Gilbert can be said that the most prestigious Chicago Board of Trade broker, but also one of the largest local trader.
In January 1986, Gilbert will be its trading expanded to directly manage client accounts. Gilbert addition to its own transactions, the men there are a number of traders involved in bonds, treasury bills and other commodities, spot and futures trading. Gilbert set up several companies Gilbert Group, the management company and the Gilbert Gilbert securities companies. These companies are engaged in the business, including clearing, brokerage and fund management.
Gilbert idle personality and his work seems virtually impossible to match. Gilbert to be his day, or supervision of subordinates engaged in millions of dollars in bond trading, but I found his description of his job is like on vacation. Although my time in the transaction to visit Gilbert, but in an interview that he does not pay great attention to the bond market of the stock market at that time, because he invited me to enter into his private office. "I think we would be more comfortable here." He said.
Carelessly into the trading sector
Gilbert during his visit, when I mentioned that I have visited a number of traders, one of whom was Tom Nisa Liba (Tony Saliba), that he was "successful" the front cover of the magazine. Gilbert asked me if I took the magazine, so I learned from his briefcase and handed out.
His smile reading magazine cover Description Shali Ba on October 19, 1987 get-rich-title: "Big Victory: His 72-hour period two earned four million U.S. dollars," Gilbert joked with the tone of voice, said: "I was there One day, took only 20 minutes earned four million U.S. dollars, why I did not, on magazine covers? "Gilbert is not blowing its own trumpet, but his answer was exposed by the fact that many very successful traders, because they do not like the swagger , it is not known to the general public.
Q: How did you enter this line?
A: I graduated from college in 1976, after the Quartet on the walk. Later, I came under a Salt Lake City job advertisements, recruitment commodity brokers work, then I do not know what commodity broker is, and I guess probably about a stockbroker. A result, I was operating a steam bath for the guy work, but during that period I also got a broker's license.
Q: You obviously are heresy to enter this industry, is not it?
A: I remember to apply for, the guy sitting in a small office to see me. This guy spent a whole day to call in an attempt to convince others to 5000 U.S. dollars, or 10,000 U.S. dollars based on his chart analysis system to engage in speculative activities. Later, I kept the system for him, but I kept telling myself: "This guy is a bully." So I quit taking after broker's license and began wandering the Quartet, by doing odd jobs live.
Failure to stimulate interest in learning experiences
Q: What time do you work?
Answer: for the train unloading, etc.. One day, I walked into Tom Sen Maike Agriculture (Thomson Mcckinnon) company. I told the company's employee: "Hey! I have a broker's license." The results of field Musenmaike McKinnon companies are willing to pay 800 U.S. dollars per month to hire me. This time, I was quite a big number.
Q: But you were right market transactions can be said to know nothing about.
A: I have read several books on market transactions, reference books. In addition, I also know a number of chart analysis.
Q: What are you reading reference books? When such books are not many.
A: I have benefited most of the books are "off the stock market trend technical points", (Technical Analysis of Stock Trends). The author is Luo Bodi Edward (Robert D. Edwards) and John Magee (John Magee).
Q: Do you consider that there are books to recommend to the readers?
A: I introduce my hands traders read the first book is Edwin Lee Silver (Edwin Lefevre) of "equity trader Memoirs" (Reminiscences of StoCk Operator), read this book at least a dozen times. Well, get on. I was present Musenmaike McKinnon's work, a time when the United States Government National Mortgage Association (Government National Mortgage Association) bonds (Ginnie Mae) listed. Tom Sen Maike McKinnon to hire a group of traders to engage in this new financial instrument transactions. I told them that I am very interested to learn of such financial instrument transactions.
Q: Why do you feel would be interested in this market?
A: At the time this is an entirely new market, it seems than the traditional financial commodities trading simple. I think that as long as I focus on this market, my brokerage business should be able to grow steadily. Later, Ginnie Mae I have done a few deals, first they have had some gains, but after a few strokes are divisions loss. It's like a magnet, I think I should be in this market to make money, but have continued to lose money. This situation makes me more like a thorough understanding of the market,
Q: Listen to your market, Ginnie Mae's interest with some mandatory?
Answer: Yes. Because I am engaged in trading in this market often fails, so I have to understand the operation of the market
To understand the market into nirvana
Q: Do you know about this market at the time?
