JWBK169-Lien July 3, 2007 13:56
Millionaire TradersQ: Do those seven or eight stocks change frequently? Or do you
sit with the same portfolio for a month or more?A: No, they don’t change that often. As long as the stock is good,
I am making money in the stock. I don’t look at anything else. The
only time it changes is if the stock goes bad. Let’s say it has really
bad news. Then I take it off my list and look for another stock.
When things are good, I don’t change at all. I am very focused on
what I am watching. I don’t watch anything else, and that’s why I
trade now, basically, from an office by myself. I used to trade from
a big office, where you hear other things and sometimes it’s hard
not to pay attention. I am in the room by myself now where I don’t
hear anything. I just know what the overall markets are doing and
what my stocks are doing, and that’s all I care about.Q: Do you watch CNBC at all?
A: I have it up in the background just for noise. Sometimes
someone may be talking about one of my stocks on there. So I
will know why it is going crazy. I do have a news service which
tells me the numbers when numbers come out and if something is
mentioned about my stocks. Then I will probably just get out and
watch, because I don’t like it when there is too much news on my
stock and I don’t know about it. I know I am not going to get the
news first. I don’t trade on news.Q: Do you know the story behind each stock quite well?
A: Yes, I do know the story behind each stock. I know when they
have their earnings because a lot of times they will trade a certain
way around earnings.Q: Does that have to do with institutional order flow? Since
institutional buyers are going to be positioning themselves before
news event, do you try to capitalize on that?