McKay would spend the following two years in Vietnam, fighting to stay alive. Luckily, he managed to avoid serious harm throughout the duration of his service.
When McKay's time in Vietnam ended and he made his way back to Old Glory, he needed to find a job that would be accommodative towards a full-time student. He had flunked out of college prior to being drafted. "Despite the lack of activity, McKay was able to parlay an initial $2,000 stake into $70,000 in his first calendar year in the business ," he said. "McKay continued to increase his winnings each successive year until 1986, when he suffered his first trading loss."
Although McKay credits both the infancy of the market and ignorance embedded within its newbie traders as factors in his early success, he continued to trounce the competition for years into the future.Seven rules for successTo McKay, the "easy part" of a move is akin to the middle. He says that the beginning of a move can be hard to pinpoint, as direction remains opaque, and that markets generally become volatile towards the end of a move as investors peel off profits.
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