Nick Radge How did you become a Stock Trader?

Trading Setbacks

Nick Radge How did you become a stock trader? I started in the markets at eighteen, back in 1985. I am mainly a momentum and trend following trader. I (Nick Radge) was working for a stock broking company, not on the dealing side, just on the administration side and walked past the private client advisor’s desk one day and there was a guy plotting a five and ten day moving average crossover on graph paper – remember we’re back in the mid 80’s here. The trends just stood out. I could intuitively understand right there, looking over this guys’ shoulder, how he was making money.

That was it, that was basically the system. There was no position sizing, nothing else apart from, “well, five goes above the ten, you buy it. If it goes below the ten, you sell it”, and that’s how I started trading and following trends. I got more interested after hearing Russell Sands speak – he was one of the original Turtles. That tweaked my interest so much that I bought TradeStation (back in the very early 90’s) and then I got heavily involved with Curtis Arnolds, PPS trading.

Everything that made sense to me was based around trend following.

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