About Mr Phil Newton -

AntiVestor.com

Mr Phil Newton
 About Mr Phil Newton - AntiVestor.com
About Mr Phil Newton

Ive been trading full time since 2000 when I

was 23. Prior to that, I had been dabbling
since I was 15.

I was hand drawing charts between the

many and varied distractions of any teenager
and I did manage to place my first trade 3
days after my 18th birthday.

About Mr Phil Newton - AntiVestor.com

 About Mr Phil Newton - AntiVestor.com
I purchased some shares outright and got a nice pretty certificate through the
post. The shares were bought at 0.54.

Looking back, I was most likely suffering from very minor panic attacks daily as
the price went from 0.54 to 0.48 almost immediately.

Maybe two weeks later it was 0.58 then 0.61.

When it went past 0.70 I was in a different type of panic.

The next few months were fitful and I dont recall sleeping or doing anything
other than rushing home from college to phone my broker (pre internet days).

Eventually, I caved at 1.12 and closed out using a complicated system most
likely involving levers and pulleys. A pigeon may have also been involved. I was
filled at 1.09.

Thats when it became real and thats when I knew I had to do this all the time.
Thats also when I realised I didnt know as much as I thought I knew and that I
needed a more solid plan of action.

Trading the early years

As alluded to above, I got into this around the age of 15. I was visiting a
neighbour, dropping something off for my parents.

The neighbour was on the phone talking what seemed to me like a foreign
language. Gold was being discussed, as well as prices and some big numbers.

After asking what it was about, I had a two minute crash course in what
investing was and that it wasnt just some prissy city boys club.

Anyone could do it so long as they had the cash.

About Mr Phil Newton - AntiVestor.com

 About Mr Phil Newton - AntiVestor.com
Beyond that two minute conversation, which basically just made me aware of
what it was and what would happen if you invested right, nothing further was
ever discussed and he outright refused when asked.

That was my first hit of trading crack and I liked it.

That short conversation started a journey to find out more about it which, for
me, involved a train ride to the city centre and the start of my weekly adventure
to the bookshop.

I would stand in the aisle reading a book I couldnt afford and take a few notes.
Like most people, I was looking to pull that one secret from the pages that
would, magically, suddenly make sense of it all.

I was eventually gifted McMillan on Options for Christmas, a 60 anvil of a

book, along with Schwager on Futures the following month for my birthday;
another sledgehammer sized read.

From spending some time flicking through similar books on the bookshops
shelves, I realised that the content was not very different from one book to the
next. Plus, for a then 16 year old, they were way too expensive.

The next several years were spent dipping into this world on and off and hand
drawing charts using 20 minute delayed data from teletext.

Fast forward several years and I finally made the decision to go to London and
seek my fortune as a stockbroker (I still didnt realise that I wanted to be a
trader not a broker, but hey ho.)

This was right at the time when things were going digital, pits were closing
thanks to PATS and other new systems. Barclays alone got rid of around 900
pit traders in the move to digital trading. Not unsurprisingly, trading remained
just a nice idea as well as my trip to the big smoke also going up in a puff.

About Mr Phil Newton - AntiVestor.com

 About Mr Phil Newton - AntiVestor.com
It was also around this time (turn of millennium), that I found a more local job
trading index futures (a very brief stint), but this allowed me access to a
computer, real time data and charts.

The small group of us that were there were glorified button pushers.

The owner or guy whose cash it was was a nervous wreck when it came to
trading.

I couldnt understand why, as he had a system that would make money

regularly. Looking back it was just his personality.

He would stop us from trading almost daily and I would end up sitting there,
taking notes on the markets and putting all those things I had in my head and
read in books into practice.

Very quickly I thought I could do better and opened a small account of my own.
I learnt immediately why the boss was nervous all the time.

It was so different when it was my own money, but I willed myself not to be
like him, and continued to follow my methodology.

The drive to doing it full time was not my decision.

I became unemployable due to poor health (Crohns disease) and received one
of the most amazing motivations to get my shit together in the form of the
hospital chaplain standing over me, asking me if I wanted the last rights.

Not this time thanks, Ill catch the next bus up.

That was pretty much what motivated me to give it a shot; I had no other
choice as being housebound limits choices somewhat.

About Mr Phil Newton - AntiVestor.com

 About Mr Phil Newton - AntiVestor.com
I became good at trading fast because I had to make it work. People asked
me how I did it, so I showed them how.

Thats what I did for the next 12+ years.

Trading now

In 2002 a friend asked, Do you trade currencies?

No I replied.

He said, You should.

So I did.

I got a data feed the next day and moved from trading indexes to almost
exclusively forex within 2 weeks. He had identified a coming shift in the markets
that, back then, I was too inexperienced to see.

In 2010, I saw that the forex ship has sailed and there were better things to be
doing with my time. I no longer wanted to day trade and neither did I want to
sit at the screen all day.

These days I spend maybe 60 actual minutes under the title of trading.

The opportunity I viewed as being the next thing was to be back in stocks and
stock options.

This is mainly due to the artificial bull market we have seen which is particularly
emphasised in the U.S. markets. We are also due an expansion in volatility
and, using options as the vehicle, I plan to take advantage of this.

About Mr Phil Newton - AntiVestor.com

 About Mr Phil Newton - AntiVestor.com
That aside, I quite enjoy the greater free time I have from not day trading and
the on-entry defined risk strategies that allow me to sleep regardless of what
may or may not happen.

My current method is to exploit what I refer to as trading normal. Im not

looking to knock one out the park for a 20% stock movement. 3%-5%
happens every week and I take advantage of extremes of movement to help
with timing which, on my trades, increases the probability of success to above
63%.

Using daily charts I can take my time; find 3-5 hot stocks every day and swing
em for 7-12 days taking regular small profits.

Future plans

My future plans are factored in to what Im currently doing now which I

envisage will take up the next several years and, potentially, is the way I plan
to trade for the foreseeable future.

I will continue to develop myself and my skills while enjoying the new luxury of
more free time to explore other business interests.

The setups that are currently in use help me to identify opportunities fast
without hours of procrastination or dithering.

I plan on keeping this aspect of my trading entwined with any future

developments.

Tips to pass on

Trade small. There is nothing more stressful than having all your eggs in one
basket hoping this is the one.

About Mr Phil Newton - AntiVestor.com

 About Mr Phil Newton - AntiVestor.com
The reality is that unless you are really really good at it already, that type of
speciality doesnt work in 95% of businesses, and trading is no different.

The big dogs are making an average profit over lots of occurrences utilizing
modern technology and the plethora of ways that they can trade.

Even so, the little guys with smaller sized accounts can complete with them
and, in many cases, outperform them. Thats because they are small and dont
have liquidity issues or regulatory restraints.

Use a simple and solid strategy; you do not have to reinvent the wheel.

Know that everything works some of the time.

Find something that you are happy using that suits your particular
circumstances.

Day trading, forex or whatever the current buzz is is not the holy grail.

There is no such thing.

Just be smart about the way you conduct business and it will all work out nicely
on average at the end of the month just like every other business that does
well in the world (funny thing eh?)

My current method utilises daily candlestick charts & Bollinger Bands.

I look for price at the upper or lower bands that is also at previous support or
resistance (in last 12 months), and has shown some sign of exhausting the
previous move to that level (e.g. hammer/shooting star).

Thats it, thats working for me right now.

About Mr Phil Newton - AntiVestor.com

 About Mr Phil Newton - AntiVestor.com
Finally . . .

Ive seen a lot of aspiring traders over the years, trained some of the current
leading coaches/mentors, worked with some amazing authors/hedge funds and
seen a lot of people make this work.

The ones that dont make it work are often the ones that think too much and try
to reinvent the wheel or be / think they are smarter than the markets.

Stop trying to hit a hole in one and start treating this like a business and look to
make an average profit on a consistent basis.

This will work for you, whatever and however you decide to do it.

22-years later, Im still learning and improving . . .

About Mr Phil Newton - AntiVestor.com