Joey Fundora, a.k.a. Downtown Trader focuses on using technical analysis techniques to uncover supply and demand imbalances in equities. Here we talk about how he uses a 20 period moving average and "regression to the mean" to spot places where other traders are panicking and ready to get out. We also talk about using Bollinger Bands and finding points where there is a "psychological imbalance" in order to swoop in and take advantage of short-term moves.
Trader-X has become a very popular trader and blogger over the past year. Thousands of traders follow his daily writings about his thoughts on the markets and his approach for finding trading opportunities. Here we talk about how he uses Fibonacci retracements and extensions, candlestick charts, and moving averages to spot trades. We also talk about following price action and playing gaps for profit. Finally, we talk about setting goals and whether it is important to him.
Smita Sadana is an experienced full-time trader who has been managing her personal seven-figure trading portfolio with success for many years. After initially "paying her dues" with a 20% drawdown her first year trading, she has managed to find a comfortable trading methodology for herself. Her modest goal of simply beating the S&P by double digits each year has kept her disciplined and steady even during volatile market conditions. Here we talk about her ups and downs as a trader and her way of setting stop losses that is quite different from how most traders calculate the level.
Randy Frederick is Director of Derivatives for Charles Schwab. He is the chief architect of Schwab's option trading platforms and analytics tools. Frederick also authors monthly columns for Schwab's client newsletters, and is the host of the weekly radio show "The OPTIONal Hour" on TFNN. His articles have been published in trade magazines such as Active Trader, SFO, and Futures. A respected industry veteran, he is a frequent guest on CNBC, and his comments appear regularly in the financial news media including The Wall Street Journal, Barron's and TheStreet.com. Here we talk about trading forex and options.
