Millionaire Traders

(Greg DeLong) #1
The Coolest Guy in the Room

was real obvious when you watched the book to see the buyers
move in, and they were willing to buy everything that was for sale
over and over again. So this morning was a pretty good example of
when we had the opportunity for the market to go down, the bulls
moved in and bought it up.


Q: So seeing that made you join the bid and come in with the
buyers, right?


A: Yes.


Q: So you try to come in maybe 15 minutes before the open,
clearly focus on the first 45 to 90 minutes of trade, what happens
then?


A: Then I really want to get away from it for a while. The middle
of the day is not what I’m good at. I think most day traders would
tell you that is certainly not where they make most of their money.
I like to leave my house and go do something else for a while.


Q: Can you give us an idea of your office setup?


A: I use one PC for nothing but charting and it has four monitors
on it.


Q: What kind of timeframes do you look at?


A: [Laughter.] It changes all the time. However, I will tell you
that I always have a 15-minute chart of ES and the ER. I have a
five-minute chart up of both and then I have another chart that I
continually play with. I am just like every other trader—I’m always
looking at different indicators. I’ll play around with them for a
while see if there’s anything to them. Most often there is not, and
I’ll clean the chart off and I’ll start over.

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