The Coolest Guy in the Room15-minute charts and they’re always up there. On my other PC, I
have two monitors. One runs the execution platform through the
brokerage firm. I will keep a Web browser up so I can look at the
headlines on a couple of news sites. I’m not real big on news sites. I
look at Dow Jones, and I’ll look at CBS Market Watch headlines. I
don’t dig much beyond that because I don’t care what’s happening
with individual stocks, I only really care about the direction the
market is moving. Then, as you well know, I run my own chatroom.
Q: So, overall this is enough to give you the flexibility you need?
A: It gives me everything I need.
Q: Do you come back to the screen at around 3p.m.East Coast
time?
A: In the last hour and half. I like the first 30 minutes to see
what the market is doing. The last hour of day is when the volume
picks up a little bit and, although I’m not nearly as good as an
end-of-the-day trader, I will come in and try and make a couple of
good trades.
Q: Would you say that, on balance, by the end of the day you’re
going to try to maybe join the trend more than fade it? Of course,
every day being different—but if you see strength, do you usually
want to go with that strength?
A: Yes.
Q: And will you follow the same methodology if you see strength,
but there’s a little bit of retracement initially, you may add to the
position a couple of times just to stay true to that bias?
A: Yeah, I think that’s true. I guess the modification that I make
at the end of the day is that I am a lot less likely to fade the market.