German Schatz
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 New Striking Clock Repair Guide by Steven Conover BK 231  US $26.95
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 VINTAGE SCHATZ 8 DAYS ROYAL MARINER SHIPS CLOCK WORKING AND SERVICE US $164.64
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 VINTAGE SHIPS CLOCK BAROMETER SCHATZ ROYAL MARINER SERVICE AND WORKING US $73.00
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 Vintage Schatz German Anniversary Clock parts or repair US $11.78
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 400 day anniversary clock birthday November 1953 wind it on a birthday US $239.99
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 hermle winding key 3 corsair royal mariner helmsman ships clock US $10.99
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 Elegant German Schatz Carriage Clock Visible Balance Wheel almost pristine cond US $249.00
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 Schatz Sohne Germany wall clock winding clock w key works great USS Essex US $12.75
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 Very Rare Ornate German Antique Clock Key US $59.99
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 WINDING KEY for CHELSEA SHIPS BELL CLOCK TIME ONLY NAVY CLOCK or BOSTON MANTEL US $4.85
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 KEY for US made SETH THOMAS SHIPS CLOCKS other clocks w 1 8 winding arbor US $5.95
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 Rare Ornate Antique Vintage Clock Key Size 4 325 mm German US $19.99
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 Schatz Anniversary 400 Day Clock Made in Germany Serviced Excellent Condition US $99.99
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 Vintage German Schatz Jahresuhrenfabrik 49R 2 Jewel RR 9 53 Anniversary Clock US $24.95
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 Genuine German Kundo 400 day Anniversary Mantel Clock w Glass Dome US $11.50
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 BRASS KEY 4 REINER MINIATURE 400 DAY ANNIVERSARY CLOCK US $9.99
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 Antique 8 Day Skeleton Clock Schatz Germany 1930c US $175.00
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 Schatz Old Antique German 5 52 Anniversary Clock Parts F38 US $28.96
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 JAHRESUHREN FABRIK JUF 1905 400 DAY ANNIVERSARY CLOCK CATALOG REPRINT US $18.99
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 6 400 Day Anniversary Ball Disc Pendulums Schatz Haller Kundo Forestville Elgin US $49.00
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 SCHATZ 400 DAY GERMAN ANNIVERSARY CLOCK SILVERED DIAL MAKES A NICE GIFT US $249.95
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 SCHATZ JAHRESUHRENFABRIK 400 DAY GERMAN ANNIVERSARY CLOCK 100 YEARS OLD US $336.60
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 Antique Schatz Black Forest 8 Day German Cuckoo Clock Serviced Runs Good US $249.00
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 Elgin Kieninger Obergfell German Anniversary 4 Ball Pendulum Shelf Mantle Clock US $89.00
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 SCHATZ 400 DAY GERMAN ANNIVERSARY CLOCK PORCELAIN DIAL All Original Nice US $248.95
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 GERMAN SCHATZ 1000 DAY ANTIQUE MANTLE CLOCK quartz exremely rare US $50.00
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 SCHATZ 400 DAY GERMAN ANNIVERSARY CLOCK VINTAGE MAKES A BEAUTIFUL GIFT US $336.60
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 KUNDO KO 400 DAY GERMAN ANNIVERSARY CLOCK WITH FEET ORIGINAL NICE GIFT NR US $249.95
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 Vintage German Schatz 400 Day Anniversary Clock Parts or Repair Steam Punk D77 US $48.95
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 Schatz Ornate Square Dial Anniversary Clock Pendulum Parts Repair F68 US $34.96
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 Pretty Antique Schatz Diamond Dial Anniversary Clock Pendulum Parts Repair F60 US $38.96
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 German 400 Day Ball Anniversary Disc Pendulum Kundo Schatz Kieninger Haller VGC US $29.00
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 Original Schatz 400 Day Clock w Everything US $99.99
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 Vintage German SCHATZ carriage clock with box fixer spares US $125.00
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 BRASS KEY FOR HENN MINIATURE 400 DAY ANNIVERSARY CLOCK TORSION US $9.99
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 VINTAGE GERMAN SCHATZ SOHNE 1000 DAY CARRIAGE COACH ANNIVERSARY CLOCK RESTORATIO US $30.99
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 Schatz 49 400 Day Anniversary Black 4 Ball Pendulum Shelf Mantle Clock Restore US $49.00
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 VINTAGE 1930 ART DECO ENFIELD REGULATOR WALL CLOCK FROM ENGLAND OAK PARQUETRY US $440.00
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 BRASS KEY FOR HERR STANDARD 400 DAY ANNIVERSARY CLOCK TORSION US $9.99
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 KUNDO 400 DAY GERMAN ANNIVERSARY CASE CLOCK WITH FEET ORIGINAL NICE GIFT NR US $249.95
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 Schatz 53 400 Day 3 Ball Pendulum Disc Twisted Brass Columns Black Dial Antique US $329.00
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 Vintage Miniature Floral Aug Schatz and Sohne German Anniversary Clock US $34.95
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 Vintage Schatz Anniversary Globe Wind Up Clock US $245.00
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 BRASS KEY FOR HENN STANDARD 400 DAY ANNIVERSARY TORSION CLOCK US $9.99
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 KAISER UNIVERSE 400 DAY GERMAN ANNIVERSARY CLOCK RESTORED MAKE A NICE GIFT US $1,495.00
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 Jahresunren Fabrik GmbH August Schatz 1910 Catalog US $18.97
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 SCHATZ 400 DAY GERMAN ANNIVERSARY CLOCK PORCELAIN DIAL MAKES A NICE GIFT US $249.95
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 Fine Schatz German Anniversary Clock Floral Face with Dome US $109.99
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 Antique German Wall Clock ca Late 1800s US $179.95
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 Antique Vintage Schatz German 400 Day Mantel Desk Glass Dome Clock US $274.95
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 vtg Schatz Sohne 8 Day Black Forest Cuckoo Clock Germany Wall Carved Old NR US $.99
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Who is Paul Rotter
In 2005, Paul Rotter is considerably the single largest and most successful individual futures trader in the world, completing trades on the Eurex exchange primarily in the Bund, but also in the Bobl and Schatz interest rate futures. He trades between 200,000 to 300,000 round turns daily using the X_Trader platform, and clearing through GNI Touch.
The purpose of this article is to extract lessons and inspirations from the trading life of Paul Rotter and how his success story can inspire the readers of this website. There was no key event in how Paul started in trading. He bought his first stock because it was a school requirement before. Professional trading came into his life as he began apprenticeship in a German bank. He had to work on the DTB (now EUREX) execution desk for several weeks. This attracted him a lot. During that time he was doing gamble trades on his private account, losing pretty much all of it. When it was deeply in the red, he had to leave the bank but shortly after, he was allowed to start trading in a Japanese bank. He was very lucky here, since he was allowed to gain knowledge through learning by doing. The bank didn't give him any mentor. In the beginning he was exchanging ideas with the chief trader Ajiasaka, who was constantly profitable. The chief trader sometimes even hedged the positions of the his boss, when he thought that his boss was wrong. Paul later had many conversations about market psychology, which proved to be very helpful, especially after bad losing days.
Recalling his early trading days, Paul was doing 100 - 150 round turns a day after a short time. He had no losing month with the first 3 years of his trading. Later on with bigger position sizes he took occasional hits, especially after EUREX allowed terminals in the US and big players like Harris Brumfield from Chicago were entering the field. But like the saying that every trader has to completely blow up his account at least once before he can become successful, Paul had his share as his private account saw some bad times during his apprentice in the bank, although he must admit, that back then he had absolutely no idea that there was something like 'risk-management'. Later on he realized that the 7-digit losses is too cumbering. He had that day where it was a blackout and after losing $2.5 million, he was seriously thinking about stopping. He still had enough capital left to live without having to worry about financial issues then and he just wouldn't want to take those psychological hits anymore. After taking 4 weeks off, he regained his motivation and returned in the ring. This time, he was able to make up the loss in a relatively short period of time, so that he came out stronger than before. This has changed Paul's views of the market. With the experience of bigger losing days coupled with good phases right afterwards, he's not so sensible for losing days anymore. He knows that he can make it come back. This has lead him to being able to switch off the screens on a day with medium/small losses more easily, instead of forcing the way back into positive territory.
With regards to mental preparation, Paul has nothing specific to share. Actually, he is simply motivated all the time. He sees trading more as a sporting challenge and try to erase the thought of the money. To keep him more relax, he does a lot of sports and take lots of vacations. What a way to live life, you would think!
Paul goes on to share his strengths as a world-class trader and where are the differences between him and other traders: “It's the ability to get more aggressive in winning phases, taking bigger risks, and scaling back in losing times. this is against human nature. the best thing is to have somebody around who is neutral to trading, that switches the terminals off, when a certain loss level has been reached for the day”, he says. Hen asked if it is possible for a single player to manipulate the market, Paul answered, No. In his opinion, a single player cannot influence the market around the clock. There are always several big players in the market. The BUND is one good example - there are one million contracts traded a day. When a trend starts out of the blue with only slight pullbacks, he could trade against it, but with no effect. He couldn't stop the market from going up, because there would be more money needed that he could bring in. Apart from that, so-called 'Analytics' computerized scalpers have made it tougher for him lately. As far as he knows they are analyzing the behavior in the order book and creating a fully automated system. Since they act in several markets at the same time, he thinks these computer freak come from the fully automated arbitrage- and spread-trading.
When asked to give an advice for the public, especially those interested in trading, Paul says that everything can happen all the time, so you better have your toilet close to your trading desk. Paul's success is a living inspiration for others as he is proof that it is humanly possible for a small trader to build on his success and grow into the biggest most active speculator on the planet.
About the Author
The Author is also the Content Provider for Track and Field, Notting Hill and Florida Fishing.
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