Mike started his career in the insurance industry, and within a year he had a ‘Lloyds ticket’ and was trading on the non-marine floor trading multimillion layers of indemnity insurance. Not that close to stock markets, but it was a taste of a free market trading floor and the concept has stuck with him since. Soon after, he started trading his own account using a basic value system in UK mid cap stocks and used the profits to put down a deposit on a decent family home in a private road in a very green leafy suburb of London.
After this spell in insurance he went into higher education and went on to help set up and run a financial communications consultancy working with a range of UK and European business; the business ended up specialising in annual reports for ftse small and mid caps.
So with experience in trading, financial products and now the inside of boardroom works, he embarked on a journey of training and mentorships in technical analysis with the help of several top UK and US traders.
A selection of the highlights of his successful trading career include:
Selling 80% of his share portfolio 2 hours before the September 87 US trade figures came out
– his value system said the market was too high.
Buying .coms in the late 90’s and selling most of his stock in mid January 2000 – about 3 weeks before the sell-off
Set up in full time trading in 2006
Trading Commodity futures in ’06-’07 as oil was running up to $150 and the grains were trending and experiencing
‘limit up’ days
Trading gold in the ’07-’09 charge to $1900
Trading forex and stocks as QE set these markets alight in 2009
TV interview spelling out the potential for the bull market in GBPJPY in mid 2012