The Way Of Trading With Ian Murphy by Jayanthi Gopalakrishnan
Ian Murphy trades his own account using trend-following, swing trading, and daytrading strategies. He studied under experienced traders such as Alexander Elder and Kerry Lovvorn. Working in metal recycling early in his career led him to precious metals and then to becoming an independent trader, not just of commodities but stocks and other financial instruments.
He brought together the lessons learned in trading over the years in a book, Way of the Trader. In it, written to help other traders find their own way to success, he shares both the highs and lows of his trading experiences and identifies what he feels are the most important aspects of his journey. Inspiration for the book came from interactions with other traders, which helped him to distill his experiences into guiding principles.
STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan spoke with Ian Murphy on May 13, 2019 about how he evolved from trading physical metals and working in insurance risk management to trading financial instruments, and how so many of those same important principles apply.
Can you tell us a little bit about how you got interested in the financial markets and what led you to trading?
Sure. I finished college in the 1980s in Ireland and I originally trained in electronics. I started to work for US firms based in Ireland—Westinghouse and Verbatim. And that kind of piqued my interest in stocks ...