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While the market S&P underwent changes, I still traded, as before. This discrepancy also has overtaken me, having reduced my revenue in 1988 to a small share of that was a year before. It was necessary to look at itself in a mirror — in literal sense — and to change approaches to business. I should pass through the worst times and find the way to this transition period.

By 1987 I have got reputation of the largest and most profitable trader in 8&?- it. I always concluded from 5 000 to 8 000 contracts in day, and all - from own bill. In 1988 I continued carrying out of large transactions in the same style - sometimes buying or selling for one transaction of hundred contracts. I became so authoritative that some share managers began to instruct the people to observe how I trade. They wished to know that I do thanks to the ability to define and analyze a stream of orders on a floor that allowed to feel, whether there will be a market bull or bear. In addition to that attention with which I involved in the trade, Dan Dorfman has written about me a sketch "the Former driver of the truck finds the good luck in futures" which has appeared in "USA Today" on September, 2nd, 1988 (p. 7?). ? «it" (flat) - exchange it, designating absence of open positions (on trading to the bill). - the Comment it.


At me never was intentions to become the largest player in 8&?- it. Whether thanks to my tolerance to risk, whether style of my trade, I have risen in tables of ranks, becoming the largest trader in this hole.

But the problem consisted that the trade volume in 8&?- it sharply fell. As I traded in great volumes was a leading curve. It meant: when at the warrant-fillerov there was to execution an order of the big client — on purchase or sale of several hundreds contracts, — they counted that I will occupy an opposite side of the given transaction. Once I have concluded with one of brokers the large bargain under the price, minimum for the given day. After that I have concluded one more large bargain with the same broker under the price which has become by a ceiling price of given day. Together these two transactions made approximately 300 or 340 contracts sold on a maximum, and approximately 200 or 250 contracts sold on a minimum.

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