The Coolest Guy in the Roommomentum and have it always work out, but that’s not typically the
way it goes.
Q: Would you say that you’re even sometimes surprised if your
first entry tends to be the turn trade?
A: I don’t know if I’m surprised, but I’m certainly happy about it.
Q: In futures you have a centralized book, first-come, first-serve
market. There is no discrimination between large and small players.
Is that a great attraction of the market for you?
A: Yes. It is very, very simple, very straightforward. It’s a very
difficult game, but very simple and I do not think that it helps us
to try to make it more complicated.
Q: Is that because basic price action is highly repetitive day in
and day out?
A: Yes. However, I think it’s important, even though we see
the same things over and over and over again, that most great
traders are going to find they are good at one or two things, and
they practice those same things over and over again. Although we
see the same patterns, you’re not going to be good at trading all
patterns in all market situations.
Q: What kind of patterns do you feel you’re best at trading?
A: I’m best in a choppy, scalper’s market. I am worst in a trending,
creeping market. I could be better and take the middle out of the
momentum move or swing move. But it’s just not what I’m good
at. I’m much better at sensing the tops and bottoms and trading
those.