Millionaire Tradersmoved it into my longer-term account and just kept going for that
goal of getting it back to 100,000 and I did several times. So my
goal is to always keep each account around that the level and to
pull the excesses and put it somewhere else.
Q: Do you trade a lot from different places around the world?
A: I do. I love to trade on the road. The time difference makes it
a little difficult when I was in Asia, trading NFP on a Friday night.
That felt very strange. But I do best trading on the road when I’ve
had time to kind of breathe and get away from things. I remember
before I made that trade in the NFP, I was sitting in the Starbucks
cafe just thinking about the trade and what I planned to do. I wasn’t ́
looking at any charts, I had just planned in my head, and when it
happened the way I thought it would, I just executed. It was like
mechanical.
Q: Do you think finding the perfect entry is more important than
managing your exit?
A: I think you need to have a good entry. I always know where
my stop is, my risk level. That’s planned before I even enter into
the trade. But as far as profitable exits, take profits, I tend to leave
those open. When it’s going my way, and I’m satisfied, I’ll take
most of it off the board and let the rest of it set up with profitable
stops from there on.
Q: How did you learn about technical analysis and different
indicators?
A: Well, as you know, some of the indicators are actually the
same as in the stock market. They’re just used a little differently.
I do have a technical analysis book that I tried to read through.