Chris Bailey TheDaxTrader
Trading Allows My Lifestyle
I believe that as time is so precious, you should spend it doing the things that you love. Besides trading my passions are web development, music, sports, friends and family. The one aspect I love the most about being self-employed, is the ability to work from home, or from any location that I choose. That freedom is a gift.
These Are My Real Loves
Trading and music may come close, but my partner is my real love and I can’t do most things without her. Venice is our favourite place and trading means we can work remotely and don’t have to be chained to a 9-5 office job.
I worked in banking for 7 years before moving on to become a financial advisor; helping clients find solutions to protect their families and their income. During these years I invested a lot of time and money on Udemy courses to develop my skills and knowledge and I taught myself how to read markets, how to trade, how to build websites, how to code algorithms and programs and how to combine it all together to create this website and my services.
TheDaxTrader.co.uk was formed as a result of a personal interest I had in the German stock market. I grew up in Germany, went to secondary school in Germany and enjoyed the volatility of the German Dax.
THE WEBSITE | THEDAXTRADER.CO.UK
The original idea of TheDaxTrader.co.uk was to document my learning as a trader, like a diary. This was because I made the leap from working full-time to becoming a trader full-time. The learning curve was steep and I struggled with the discipline required to be successful as a trader. So building the website helped give me a sense of accountability, because it became my responsibility to create a routine which helped me to focus. So at that time I was sharing my experiences, and quickly learning more about building websites using WordPress, which led me onto learning more about programming and building automated trading systems. This led me on to helping people with their strategies and systems and the website started to grow a loyal following.
As I released more and more content, the website grew, and so did the followers. The site now reaches an international audience of traders, I believe we reach over 100 countries and the site ranks organically (on google) for ‘Dax Analysis‘, ‘Dax Trading Strategy‘ and ‘Dax Signals‘ which is a proud achievement considering I built the site myself and do not pay for advertising or marketing. Every day I would commit to writing an article about the market movements and technical analysis and I am now a much more disciplined trader as a result. And a much better programmer and developer.
I learnt that being a good technical analyst does not make you a good trader. Being a good trader does not mean you are a good technical analyst. Technical analysis provides the ability to read price action. The ability to read price action allows you to take advantage of the opportunities continually made available.
How did I get into trading? I studied Accounting & Finance at Bournemouth University and got a 2:1 in 2004, but I never fell in love with accounting. I was constantly on the quest to find something that I really enjoyed doing. And cutting a long story short, I decided to make a living ‘from the internet’ and have never looked back since.
The most significant skill I took away from University was the mastery of ‘looking something up’. It may sound simple but this skill means I can learn just about anything I need to learn, in order to complete a task. The art of effective googling to learn a new skill is liberating. Even now, as a developer/programmer, I am constantly looking up how to complete tasks or reference certain libraries or find snippets of code. I don’t need to retain everything I learn, I just need to know how to find it quickly.
Random Facts (Flexing was not intentional)
My golf handicap is 11, my irons are blades, my favourite shot is a draw, my ping putter is 20 years old and was the first club I bought with my own money, at Sennelager golf course in Germany.
I’m very determined and goal-driven and believe life is too short to waste time wondering what ‘could have been’ because if you want something (that’s legal and achievable), then go and get it. Because if you don’t make something happen, it won’t.
One of my proudest achievements was to gain a grade 8 on the guitar from University of London by achieving a Distinction at 96%!
I took an observed IQ test and scored 140 which gained me access to MENSA, which I found to be pretty pretentious and did not renew the membership. My girlfriend tells me I could be a lot better in the emotional intelligence department.
I’m familiar with working behind the desk in a recording studio running RADAR and Pro Tools, recording vocals & bands, editing and mixing, composing and producing and happy being the performer on multiple instruments as well; electric guitar, acoustic guitar, bass guitar, keyboard, piano, percussion, accordion, melodian, singing and the cowbell! Gotta love the cowbell. Neumann is my favourite microphone brand.
I work from home in Dorset and meaning I sit at a computer most of the day, so it’s important to keep fit. I built a mini gym in the house and use my own variations on HIIT. Rock-climbing (specifically indoor bouldering is something I enjoy) but I despise running, although I remember that my best 5k time was 25 minutes, and I hated every minute of it.
Chess is a recent hobby of mine, although I’m pretty new to it, but it’s addictive. My FIDE chess rating is 1100, so like I said i’m pretty new, but I pretty much always play e4 to start a game. I’m not very good positionally, so I compensate by playing aggressive and try to get to an end game quickly, hoping to find a trick that wins material. My favourite GM is Hikaru Nakamura and the best coach I like to watch on YouTube is IM Rosen!
I was playing poker semi-professionally between 2005-2008 (online) and my play was reviewed on Sky Poker (when it was a programme). I was best at sit & go tournaments rather than cash games. I used a HUD and would analyse all my hands using PokerTracker4
My first car was a modified 1.3 litre 1985 Volkswagen Polo Coupe S. As a 17-year-old kid, I obviously put on wide 5-spoke alloys, a loud sound system and raced everyone at the lights. I cut the rubber stopper out of the accelerator pedal, so I could accelerate harder and the car only had 4 gears with my 1st gear able to reach 31 mph – so i’d beat nearly every small car at the lights, because they would have to change up before I did. The car eventually did 165,000 miles before I upgraded.
Chris is working hard every day to provide all members the best service he can. Not only sending signals and showing potential trades but what is most important to me; sharing his knowledge. He recently uploaded a lot of new courses, hope I find the time to take them all. And he is a great person, always kind and positive. I highly appreciate and recommend the service.
Chris who is responsible for the service provides an honest and trustful service, training and professional consultations, which is of GREAT VALUE to me!
What I really like about Chris is that he will help anyone who is willing to learn and benefit from the financial markets. I am a full member and intend to remain for a long time.
Chris Bailey who runs the website is a very helpful individual who will provide personal assistance if required and his webinars take you through the thought processes and analysis to assess a trade and associated risks. I like this ‘nuts and bolts’ approach to determine when and why you should trade or walk away. Chris also provides suggested trades when appropriate. Very pleased customer. Good site, good service.
I have to say that Chris is a very hard working, knowledgeable, helpful, friendly chap. It is not just a “here are some trades, get on with it” service… There are a full range of helpful features, a training library, webinars, personal assistance to name but a few. He provides the means to better yourself as a trader and interact with like minded people. There are also suggested trades with the rationale behind each offering to assist you with formulating your own strategy. Top man. top service.