Millionaire Traders

Millionaire Traders Q: How did you come to trading futures? A: Here’s my story. I graduated from college in 1992 and from there ...

The All-American Trader Q: Would you do yourown research and meet with management? A: Yes, I did my own. I think personally, jus ...

Millionaire Traders Q: Earlier you said you were doing a lot of smaller Minnesota undiscovered companies? A: Right. Q: Which wou ...

The All-American Trader Q: When did you get into candlesticks? Was that before you went to trade on your own or while you were s ...

Millionaire Traders Q: What was going through your head? What made you say, “I’m going to pull the trigger and go trade stocks o ...

The All-American Trader Q: So you were trading on a dial-up connection? A: Yes. Q:UsingE∗TRADE? A: With one screen—it was a lapt ...

Millionaire Traders Q: Oh wow. You must have been in Qualcomm at around 50 or 80 right? A: Yes, that’s exactly right. Q: That’s ...

The All-American Trader Q: So that kind of methodology, where you have a single entry, single stop, no doubling down, no averagi ...

Millionaire Traders Q: So it was just prior day’s low, not even two days’ low, just prior day’s low? A: Yes, prior day’s low, an ...

The All-American Trader Q: Would you still trade smaller, swing size there? A: Very small. Yes, very small. The liquidity and th ...

Millionaire Traders Q: Do you know how lucky you are? A: Hey, I mean, I married a gem. I had three-and-half years, and I quit se ...

The All-American Trader Q: Which translates to 70 dollars on one contract. A: You got it! Minus$5.40 commission [laughter]. Q: S ...

Millionaire Traders Q: You mean selling a little bit at the beginning just to bank some profit? A: Right. Lowering my stop and l ...

The All-American Trader Q: So MACD is your momentum indicator, if you start to see divergence that’s going to be your clue to a ...

Millionaire Traders Q: Really? You don’t even use the candle high/low as your refer- ence points? It’s only the body of the cand ...

The All-American Trader Q: What about the last hour of the market? A: It depends if I’ve got a hunch, or just how I’m trading th ...

Millionaire Traders Q: Yes. A: The biggest loss I’ve ever taken in the ER was two points. Q: What is your typical day is like? H ...

The All-American Trader Q: That’s when you start to formulate a trade? A: Right. Q: Instead of just having a bias? A: Right. Q: ...

Millionaire Traders Q : Right, run us through your FOMC game plan yesterday because FOMC is always one of the more interesting d ...

The All-American Trader Q: Once it fell into the support level, did you turn it back around and go long? A:No. Q: You were done. ...