Trading as a Business. Diamond Dick

in the market. Utilizing this approach, I've been able to make a nice living for many years. I'm confident that anyone who diligently and faithfully applies the ideas in this book will develop into a consistently profitable trader.

      First a little bit about my background.

      I received an undergraduate degree from the Wharton School of Finance and an MBA from the University of Michigan. While the degrees may seem important, I didn't learn anything in college that helped with trading. My father owned seats on both the New York Stock Exchange (NYSE) and the American Stock Exchange (AMEX). He focused on the NYSE seat and rarely used the AMEX seat. Following a stint in the Marines in 1960, I used his AMEX seat and began trading on the AMEX floor.

      My job was to fill customer orders on the floor. Once I understood what I was doing, I found the work to be mind-numbingly dull. I pestered my father to allow me to trade my own account. I was young and aggressive. I thought I had a feel for how stocks moved and was sure I could make a lot of money trading AMEX stocks. Finally, in 1965, I got my shot.