A TRADER'S LIFE

Clive Arneil - trading at the sharp end for half a lifetime

Jul 29, 2024
Clive Arneil, a veteran trader and founder of The Sharp End trading room, shares invaluable insights from his decades-long career. He discusses the psychological challenges of trading, especially on tough days when red numbers loom large. Clive emphasizes the importance of risk control and his blend of mechanical and intuitive strategies. He reveals favorites like oil and gold while highlighting the supportive community within his trading room, designed to mentor both novice and experienced traders. His journey from engineering to trading shows a passion for teaching and a balanced life.
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ANECDOTE

A Loss That Built A Trading Room

  • Clive says he rarely has bad days now; one loss early on triggered him to build his trading room.
  • He credits the company he keeps and peer support for sustaining success.
ADVICE

Three Strikes And You're Out

  • Adopt a "three strikes and you're out" rule to prevent revenge trading after losses.
  • Limit daily trades and accept small losses so you can focus on the next opportunity.
ADVICE

Risk Tiny Percentages Per Trade

  • Keep per-trade risk tiny: Clive risks 0.1–0.5% rather than 1–5% commonly taught.
  • Small, consistent wins compound while protecting psychology and capital.
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