Ugly is doing what many traders would love to do – trade for a living. He trades with a proprietary trading firm (or “prop firm” for short). A prop firm gives you several times your money to trade and then you keep part of the profits. Every day on Ugly’s site, he posts a ...more

Ugly is doing what many traders would love to do – trade for a living. He trades with a proprietary trading firm (or “prop firm” for short). A prop firm gives you several times your money to trade and then you keep part of the profits. Every day on Ugly’s site, he posts a simple, but powerful phrase: Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account. Many of you will remember that phrase from the psychology section of Alexander Elder’s excellent book, Trading for a Living, where he compares a losing trader to an alcoholic. Ugly lives in Philadelphia but is originally from Ohio. he considers himself to be socially awkward but gets along very well with nerds and other social outcasts. Gandhi and Tolstoy have been his inspirations.less