Alexander Gerchik - Taxi on Wall Street
An uncommon fate Alexander Gerchik could have been a good storyline for a Hollywood movie. However, a movie about the famous Odessa trader has already been made: in a CBNS Wall Street Warriors project conducted in 2006 among 2,000 traders, Gerchik was named the safest, not having a single bad day in all his trading.
From Taxi Driver to Broker
Graduate of a food technical school Alexander Gerchik The Soviet Union was a great success when he began his university education, but quickly abandoned it and decided to go to New York to work as a freelancer. Arriving in 1993 in the financial capital of America, the Odessa emigrant, like most post-Soviet illegal immigrants, became a cab driver. During his three years in the service he drove clients to famous Wall Street more than once and twice, hearing tantalizing talk about the prospects opening up for gamblers on New York Stock Exchange.
Fascinated, Alexander decided to try his hand as well, enrolling in a 4-month brokerage course. Gerchik was able to pass his final exam, despite its difficulty and his own poor English skills. After that he got a job as a consultant at a small brokerage firm. After working there for 8 months, Alexander decided to start gambling himself.
Gerchik became a traderI was a taxi driver, i.e., concentrating on day-trading. At first there was not enough money, so the Odessan continued to work in a cab on weekends. The first tangible earnings came four months later, when Alexander's daily turnover was about $10,000. Now Gerchik operates about $5 million a day.
Training from Alexander Gerchik
In addition to the direct game on the stock exchange, the Odessa trader found himself capable of teaching other traders. So, having begun to apply his pedagogical methods in Worldco, he soon moved with his staff of novice players under the wing of Hold Brothers. For a long time already Alexander Gerchik several times a year conducts its own courses in Russia, which are very popular with local traders.
At his trainings, the famous Odessan requires listeners to concentrate on each transaction, no matter whether it is successful or unsuccessful, to understand the reasons for the result. Alexander Gerchik He is skeptical about the use of programs in intraday trading, because, in his opinion, a decision should be made instantly, within seconds. That's why he attributes a big role to the trader's intuition and his internal signals. Alexander Gerchik has little confidence in beginner's literature speculators. Self-analyzing chartsHe thinks it would do much more good.