Welcome!

Hello and welcome to my blog at BlueChipDealer!

My Name is Nick Mackintosh I am 22 years old from London, UK. I'm a trader on the stock and foreign exchange markets, focusing mainly on the currency pairs GBP/USD, EUR/USD, and USD/CHF as they provide the most liquidity and volume.

For the Stock Exchanges, focusing mainly on the big European players FTSE100, DAX30, ESX50, SP500, NAS100, CAC40, SMI20.

Commodities focused on will be Silver, Gold and Brent Crude Oil.

My Background:

I have a college City&Guild degree in Office Administration / Data Entry, and been to numerous office jobs throughout my short working life. During college I got involved in poker through late night TV-shows when I was doing coursework/revision. Eventually I started to make more money from poker as I did while being in work, so I decided to work part-time while becoming a professional poker player. The name Blue Chip Dealer is both a poker / trader connotation given to me by my best friend. All was going well until early-mid 2010 USA started to crack down on their on-line gambling laws and forced most of the major poker companies such as Poker Stars and Full Tilt Poker to refuse USA players, which took away a big percentage of the player pool and (easy money) effectively reducing my monthly income without increasing my stakes.

I have always been interested in world news and business from a young age, so I decided to move over to trading for the time being, deposit an initial bankroll and see if I can build it up to what my poker account was which was in the thousands, and trade based on fixed risk % to minimize exposure and damage to my total capital.

I have been trading since October 2010, I am a frequent poster on http://www.trade2win.com/ regarded as 1 of the best forums for information/guidance to do with becoming a trader.

http://www.investopedia.com/ and http://www.babypips.com/school/ is also a great source for information.

My Goal:

To retire by the time I am 30, with £300,000-£400,000 in the bank for 5-6% interest and enjoy life. Meaning I should be earning £42,857 per annum without even including living/luxury expenses. An easier goal would be retire at 40 so a £21,428 per annum would be easily achievable in most full-time working jobs. I am just too stubborn and don't want to wait that long!

As a trader a good goal is to make 1-2% total growth in a day, so 5-10% a week. Which as you can see, is already much better than any bank will be able to provide. The obvious downside is banks offer fixed interest rates, where as a trader you have to work for it and risk losing it all if you are not careful.

My Blog:

This will be used to give updates of all the trades I have made, as well as explaining my thought process in regards to my decision making. Also to be able to look back on this for reference and see progression whenever doubting my trades.

To provide information for others also wanting to become a trader, and also friends/relatives which will be reading this. If there are any queries then please leave me a message!

Thank you all for reading,

N Mackintosh