Chapter 8
The News Junkie
Roland Campbell
A veteran of the technology bubble, Roland Campbell likes to
practice the Warren Buffett way of trading, which is to trade only
what makes sense to him. This tactic has served him well, as he
went short stocks with negative earnings and long stocks with pos-
itive earnings before the stock market collapsed in 2001. Since
then he has moved to trading currencies, employing much of the
same fundamental-based trading that he did in stocks—albeit on
a shorter-term basis. Roland’s strategy is to trade news flow, but
only news flow that catches the market off guard. When everyone
is wrong and getting stopped out, that is when he wants to be in
the market. Fading market sentiment and psychology is a very im-
portant aspect of his trading and one that has proven well for him.
He looks for big moves based on misaligned sentiment, which is
how he once managed to turn$60,000 into$100,000 on one single
trade. Crediting part of his success to the Chinese practice of Feng
Shui, Roland believes that the comfort of his trading environment
helps him stay focused and relaxed when he trades.