TraderInterviews.com: Hello everybody. Welcome to TraderInterviews.com. Thanks very much for joining us for another episode this week. We're going to talk to Steve Temes. We're going to talk to him about his trading strategies and his philosophy about approaching the market. So, Steve, thanks very much for joining us on the program.
Steve Temes: Oh, thanks for having me.
TraderInterviews.com: Tell us how you got into trading in the first place.
Steve Temes: Well, Tim, you know, I came out of college and wanted to work on Wall Street. I wasn't really sure what that meant and got a job working on a trading desk and really got thrown into the fire right before the crash in 1987. So, I kind of learned by, you know, experience.
TraderInterviews.com: When somebody starts on Wall Street and they're going to trade prop money ora company's money, is there a class you have to take or do you get mentored by somebody? How does it work?
Steve Temes: Well, I did both. I tried to align myself with older guys who've been in the business for a long time and knew a lot more than I did and I, you know, was kind of a sponge to everybody I met. I also took a course, a technical trading course, many years ago, which I found really helpful in reading charts and, you know, trying to formulate decisions which I used to this day multiple times a day.
TraderInterviews.com: What's the basis of that technical analysis strategy that you use? How do you approach the markets?
Steve Temes: I have my machines split up in to various charts and when I put a symbol and every chart comes up and I look at the fifteen minute, the 30-minute, the 60-minute, and the daily chart of whatever I'm looking at. And on each of those sub windows, I have the 50 and 200-day moving average the volume, the RSI, and the Stochastics. I also...
To read the rest of this interview's transcript, get access now or login
Looking for the free interview and bonus?
