Listen in as I ask successful traders direct questions about how they find good trades and make money each day in the markets. Per the request of the traders interviewed, each interview is posted for only a short time.. Once they are taken down, they are gone for good so join today and download them before they are gone forever.
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Using One Trading Strategy to Grow Your Trading Account
Specs: 36 mins, 57 secs | 17 MB | | |
This interview available for: 2010-02-11 00:00:00 GMT-08:00
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I always enjoy talking with traders who are willing to give very specific details about their methods. This interview does that. This trader's first priority is managing his risk. Many traders give that idea lip service, but Leigh has a very specific method for setting his stops in order to give his trades the best chance of making money. He shares that strategy with us here in the first five minutes. But he doesn't stop there. He then talks about how he makes sure he is not risking too much of his account on any one trade by measuring how much risk each position is contributing to his overall account. We then get into his one strategy that defines nearly every trade he takes. We talk about the specific way he judges momentum and the moving averages and two indicators he uses to define his entry points. We then talk about his "ideal trade" and why he waits for a specific behavior in a stock that will confirm his suspicions before entering a position. Finally, he describes both a profitable trade and a losing trade to explain in detail how his strategy makes him money over the long term.
Markets traded and discussed: Stocks and indexes.
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How One Trader Found Big Success Using Market Profile
Specs: 30 mins, 15 secs | 13.9 MB | | |
This interview available for: 2010-02-18 00:00:00 GMT-08:00
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Market profile has become a hot topic again. Lots of traders are looking for information on how to use market condition profiles to find good trades. Our interviewee here has been a trader for over 25 years and settled on market profile long ago as the only statistically proven trading method. In fact, he thinks most day traders who use other methods are downright crazy. We talk about how he uses market profile and why it has been so successful for him. Tom Alexander is a patient trader, waiting for trades that present the right risk / reward ratio before pulling the trigger. A terrific profile of a successful trader using market profile exclusively.
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The Swing Trading Strategies of a Successful Trader
Specs: 33 mins, 28 secs | 15.4 MB | | |
This interview available for: 2010-02-25 00:00:00 GMT-08:00
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Traders who are having difficulty with fast daytrading techniques will be happy to know that there are very successful traders who trade at a much less frenetic pace and hold from one to five days. This interview is with a trader who does exactly that. Each evening he uses Telechart to go flip through hundreds of charts, looking for specific things which tell him a stock is ready to move. We discuss those things including the specific moving averages he uses to spot support and resistance and the momentum and volume clues he discovered that help confirm his intuition. We also discuss how much money he is willing to risk on any trade and how many positions he has on at any given time. We also discuss how he sets profit targets, and the two things that helped him achieve consistent success when he started implementing them on a daily basis.
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How One Trader Uses 10 Setups for Trading Success
Specs: 40 mins, 22 secs | 18.6 MB | | |
This interview available for: 2010-03-04 00:00:00 GMT-08:00
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Trader Michael Toma uses 10 setups as his "10 horses" to find good trading opportunities in the S&P Emini futures (ES) and also the bond futures. I spoke with Michael about why more traders don't trade bond futures, given it is such a large volume market. Mike talks about why he likes that market and how he spots opportunities in both. He then describes, in detail, his #1 setup and why it works so well, including how he uses an unusual tick chart. Mike talks about his metrics for success and why it's not based on actual dollar or point gains made each day in the market. We then talk about where he gets good trading ideas and how he does his homework each evening to prepare for the next trading. Mike also discusses the things he did to become consistently profitable and how he found out when he makes his worst trades and fixed his method. A great candid discussion with a successful trader.
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Coming up on Trader Interviews:
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Short-term Trading the Currency Markets with Three Time Frames
Specs: 34 mins, 58 secs | 16.1 MB | | |
This interview available in 2010-02-11 00:00:00 GMT-08:00
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Trader Kevin (aka 3clipz3 to his trading buddies) is a currency trader who uses a single setup to find all his trades. As a full-time trader, Kevin found a system via friends he connected with in a chat room and made small changes to make it fit his own trading style and personality. Although he freely admits that he's not entirely sure how every aspect of his strategy works, he has become an expert at spotting his primary money-making pattern in several currency pairs. In the interview we discuss the three time frames he monitors, including one that is incredibly short. He talks about how his interaction in the chat room has helped him develop as a trader and why he focuses on several specific candle patterns on short-term charts to help him identify the breakouts and pullbacks that are his bread and butter. He also describes how he finds out if a market is "stalling" and how he plays those situations. Finally, we discuss his stops and profit targets and why he sets them in a specific way.
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