328 · Paul Scott - Why Technical Analysis is Just Retail Noise
Chat With Traders
Kevin Avery
4.8 • 2.3K Ratings
🗓️ 22 July 2026
⏱️ 87 minutes
🔗️ Recording | Apple Podcasts | RSS
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| 0:00.0 | What would your trading look like if capital wasn't the constraint? That's the reality for most traders. |
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| 0:56.0 | So the 28th of September, 20, said from 11 a.m. subject to availability. |
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| 1:25.0 | Learn more at Accenture.com slash Spotify-Uk. Said this to the clock, who was that for? He said this is for Manfred upstairs. Manfred was the owner of the company. So he clicks in on the phone line. He says, Manfred, you bought you thousand tons. We'll give you an average price. At which point, Manfred picked the phone up and said, Harry, I didn't say effing tons. I said |
| 1:45.5 | effing lots. Get your effing ass back in there and do what I've told you to do. So he drops the |
| 1:51.1 | phone, goes running back into the ring, just basically just buying everything that you possibly |
| 1:56.5 | could. Bell goes at five o'clock. It's closed above this price. He cannot work out for the life of him. Why, Manfred's asking to do it. This was before 8 o'clock, so the market opened at 8, and it was kind of like tumbleweed before then. It was a real big calm before the storm. And then the minute 8 o'clock, boom, it's like the phone boards's just lit up and it must have been the same for every |
| 2:17.9 | single, you know, company that was on the floor at the time. So that was crazy. I'd never seen, |
| 2:23.2 | and still to this day, there was never been another day in the copper market like that. So |
| 2:27.2 | if you can imagine that we started out copper trading at round about 2,800 bucks a ton, |
| 2:32.1 | and by the time we'd finished, it had dropped 50% in a day. It was just bonkers. You could literally, I mean, as a clerk, you could not keep up with what your trader was doing. Because it was just, yep, yep, yep, yep, yep, yeah. And, you know, and again, you know, you had to rely upon it being, my word is my bond, this is what we did. |
| 2:51.7 | You know, even if it cost your company money, you know, your word was your bond. |
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