{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

18 Trading Champions Share Their Keys To Top Trading Profits

18 Trading Champions Share Their Keys To Top Trading...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
CONTENTS The following trader profile interviews were published on FWN in 1996 GEORGE ANGELL KEYS IN ON VOLATILITY AND LIQUIDITY …………… .............. 3 JAYE BERNSTEIN: PSYCHOLOGIST TURNED TRADER ………………… .................... 4 TOM BIEROVIC USES DISCRETION ON TOP OF HIS RULES ........................................ 5 WALTER BRESSERT READS MARKET VIA CYCLES & OSCILLATORS ..................... 6 TOM DEMARK RELIES 100% ON MARKET TIMING ...................................................... 7 GEORGE FONTANILLS INCORPORATES OPTIONS TO A LOWER RISK ...…………..8 LEE GETTESS FOCUSES ON CONTROLLING RISK ......................................................... 9 CYNTHIA KASE RELIES ON PROPRIETARY TECHNICAL INDICATORS ................. 10 GEORGE LANE STILL TRADING OFF STOCHASTICS AT AGE 75 ............................... 11 GLENN NEELY BUCKS TRADITIONAL ELLIOTT ANALYSIS ..................................... 12 GRANT NOBLE READS MASS MEDIA FOR CONTRARIAN SIGNALS ....................... 13 LINDA BRADFORD RASCHKE FOCUSES ON TECHNICALS ........................................ 14 RICK REDMONT BASES TRADING ON WYCKOFF THEORIES .................................... 15 ANGELO REYNOLDS SCALPS IN THE EURODOLLAR PIT .......................................... 16 PERSISTENCE PAYS OFF FOR JOE STOWELL. …………………………………………17 GARY WAGNER USES CANDLESTICKS TO MEASURE SENTIMENT ........................ 18 BEN WARWICK'S "EVENT TRADING" KEYS IN ON NEWS …………………………...19 LARRY WILLIAMS: TRAINING KEY FOR TRADING, RUNNING ................................ 20
Image of page 2
GEORGE ANGELL KEYS IN ON VOLATILITY AND LIQUIDITY Volatility and liquidity are the two elements independent trader George Angell looks for in a market to trade. Currently, Angell exclusively trades the S&P 500 futures, putting on intraday trades only, never holding positions overnight. "Liquidity and volatility are the two things you have to have. You can't day-trade something like oats--it wouldn't work" Angell said. Back in the early 1970s, Angell first became interested in the commodities markets. "I bought sugar and it went limit up ... then I bought copper and it went limit up, so I bought some more. Then it went limit down. I called my broker and told him to sell and he said to whom?" Angell said. "That's when I realized I had more to learn,” Angell added. In the early 1980s, Angell headed for the Chicago trading pits. He was a local trader at the MidAmerican Commodity Exchange, focusing primarily on gold. While Angell now trades for himself, off-floor, from a screen, he called trading on the floor "an invaluable experience.” "People on the floor are very short-term oriented" Angell said. "It taught me to get in, capture the trend, get your money and leave" he said. Now, however, Angell prefers off-floor trading. "I'm alone in a room trading. When I’m on the floor there are thousands of people. It's a social event. People want to talk about their positions, they want to have coffee. You lose your concentration... you can't see the forest for the tress," Angell said. Technology has revolutionized the capability of off-floor traders in the past 10 years, according to Angell. "The playing field has been leveled," Angell said, explaining that technology has decreased the advantage the floor trader was once seen as having over an off-floor trader. "The key beneficiary is the public trader. The public can't scalp, but they can day-trade," he explained.
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern