Millionaire TradersQ: Would you say 10 or 20 newsletters then?
A: I’d say about 10 newsletters.
Q: Do you also read blogs on the Internet now?
A: Yes I do, I go into all the investment chat rooms to see what’s
hot and what’s not, and what I want to trade with and what I want
to fade against. So, yes, that’s part of the sentiment stuff. In fact,
there’s a huge glaring gap in sentiment, especially overseas. They
don’t have the bulls/bears consensus like they do here. They don’t
have the Daily Sentiment Index.
Q: What about theCommitment of Trader’s Report?
A: Well, theCommitment of Trader’s Reportthey also don’t have.
You need to gauge sentiment a little bit differently over there, and
one of the good ways is the blogs or talking to a handful of people
every day. Finding out what sentiment is like in those markets is
basically the same as doing an informal poll.
Q: So it sounds like you spend about four hours trading every
single day?
A: At least.
Q: And then three or four hours doing research and reading,
and contacting people?
A: My trading day could be anytime. At a minimum, it’s going to
be about three hours, most of it trading. It could also depend on if
I’m doing stuff first overseas and then moving to the U.S. markets.
If I’m doing a campaign of buying Canadian royalty trust and