The All-American Trader$12,000. What can I say? It wasn’t anything that I did in particular.
I just followed my rules. Everyone in the room said it’s got to turn,
it’s got to turn. But I just kept lowering my stop, lowering my stop,
and it became a huge winner.
Q: You were lowering your stop by candlesticks?
A: Yes.
Q: So basically your rule is I’m not going to get out of it until the
market takes me out of it?
A: You got it. Yes, the market will tell me when to get out of it.
It’s gone against me too. But my big huge days have been letting
the market tell me where the bottom is.
Q: How often during 20 trading days of the month does that
kind of dynamic develop where it’s just a one-way, you catch it and
it’s the grand slam?
A: For me grand slam is taking three pointers here and there and
I probably get those, oh two to three times a week.
Q: I’m talking about where it goes four or five continuous points
without really retracing a lot?
A: The four and fivers? Actually two or three times a month.
Q: That’s quite a lot actually.
A: I got a couple 10 pointers. I think I had an 18 pointer [an
$1,800 gain on single futures contract] once.