Show notes: Chris Perruna is a part-time trader who holds positions from three to nine months at a time, looking for larger moves in stocks he chooses based on the CANSLIM method from Investor's Business Daily. Here we talk about the three stock screens he uses each night, why he likes stocks that are about to bounce off their 200-day moving average and why he, even though he is a longer-term trader, will get out of a position the same day if the trade isn't working out. Chris' blog can be found at: ChrisPerruna.com.
Show notes: Rob Leshman has been a proprietary trader since 1999 and focuses on short-term E-mini futures trading. Here we talk about how he approaches the markets, where he places his stops and how he looks for opportunities for profitable trades. We also talk about how he starts with monthly and weekly charts and works his way down to smaller time frames to see where the trends are presenting themselves.
Show notes: Ray Barros is a trader in Asia who trades the US markets. Here we talk about how it took him seven years to hit his stride and find out what works for him in his trading strategy. He uses something he calls an "expectancy formula" which allows him to determine his profitability and also guides him on whether he will take a trade or not. He also discusses how he uses an "18-period swing" to find entry and exit points.
Show notes: Steve Palmquist is a trader with more than twenty years of market experience who puts his own money to work in the market every day. His new book, Money-Making Candlestick Patterns: Back-Tested for Proven Results, is due out soon. I talked with Steve about how he uses candlestick charts and why his book focuses on ways he increases his probability of success using candle charts by a factor of four, just by adding in a few additional data points. Listeners can learn more about testing trading systems, his current view of the market and the setups he is watching at his site at daisydogger.com.
Keywords: candlestick charts, stock trading
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