ANNE-MARIE BAIYND HAS THE FEVER

Off The Charts

If there’s one thing Anne-Marie Baiynd learned after making the transition from a business owner to a trader, it’s that she’s no longer in charge. The market, unlike her employees, doesn’t do what she asks it to do. She needed to learn to give up control. And it wasn’t easy. In fact, it was so hard that she almost lost all of the hard-earned money she had salted away from years of successfully running her business. To say this would be stressful for a family and a marriage would be an understatement. But from the fire, Anne-Marie emerged with a couple rules that helped her climb out of the hole and get on the profitable path. First, she learned she needed to ruthlessly manage her costs. This concept worked for her in business, but in trading it translates to keep trading losses under control. Secondly, she learned that she no longer needed to be a pioneer like she was in business, but instead a fast first adopter. One who could quickly jump on profitable trading concepts that others have proven to work. The path to profitability certainly wasn’t a straight line. As she said: “I’m always conscious that the market can punch me in the face.” And she firmly believes: “If money is your only objective, forget about it. You don’t stand a chance. There is a fever that you have to have that will take you through the valleys. If you don’t have The Fever, you’re going to quit.” We can in to all this and more, plus the pros, cons, and pitfalls of the exploding “funded trader” industry. There’s something for everyone here.