The Coolest Guy in the RoomQ: Do you physically look at both screens, or do you really almost
forget the chart action once you’re in trade and you just look strictly
at the price action?
A: Oh no, I watch the chart. But I guess the point is, prior to
being in a trade, I don’t pay a whole a lot of attention to the book
action.
Q: Do you use activity in one index as clue to a potential move-
ment in the other index?
A: Yes.
Q: So if you see one index beginning to move, let’s say you see
the ES starting to move but the ER is stationary, is that enough
information for you to try a long trade?
A: Definitely.
Q: Do you always add to positions, or are there some probative
trades where maybe it doesn’t go your way, you don’t have that
much confidence in your position, and you just simply say hey I’m
wrong and I’m going to get out?
A: Lots of times.
Q: So it’s not an ironclad rule that you’re going to add to a
position continuously. A lot of times you’ll just come in and out,
and take small hits if you’re not really feeling it?
A: Sometimes I make a small trade just to get a better feeling for
the market.