Allan Harris came up with his current trading system while on a family road trip across the country. His nearly hands-off system looks at insider buying and capitalizes on moves the stock makes when the news of the transactions is released to the public. Originally a lawyer, he decided he'd had enough of the profession and decided to be a full-time trader. He blogs about his trading at: AllAllan.blogspot.com. A fascinating look into one successful trader's tactics.
Wade Hansen started trading during the late nineties and like most traders, had a tough time when a technology stock he purchased went from $75 to worthless. He then found option strategies profitable and moved into currency trading. Here we talk about the "carry trade" unwinding and what it means, how he sells deep in-the-money calls to hedge his currency positions. We also discuss how he trades ETFs using point and figure charts. He and his business partner John do great daily videos on their site at: www.PFXGlobal.com.
Juan Sarmiento began his trading career, like most people, as an avid long-term investor in the markets at the time with Peter Lynch's books were at the top of all the bestseller lists. He later read books about Elliot Wave and decided to apply those theories to various markets. He felt most comfortable with options and now it is his primary trading vehicle. Specifically he uses a strategy he posted on the TraderInterviews.com Idea Lab - called PCCRC. He also blogs his thoughts on the markets at: http://stockoftheday.blogspot.com/.
Kathy Lien of DailyFX.com is an experienced trader and does significant research on the forex markets. Here we talk about what affect a Fed rate cut will have on the US Dollar and why she is still bullish on the Euro. We also talk about why the EUR/GBP might be a buy and her thoughts on trading crosses such as the AUS/CAD and EUR/CAD. Finally, we discuss how she uses Bollinger Bands and the 20-period exponential moving average to find entry points and set stop losses. She also blogs her thoughts on the markets at: KathyLien.com.
Mike Parker is a full-time forex and futures trader who has interesting story about how he first learned about the markets. Here we talk about how he uses linear regression channels (LRC) on daily and four-hour charts to find trades. We also discuss using dynamic support and resistance lines. The interview really gets interesting when we start talking about stop losses - and why he never uses them.
