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Trading With Price Action and Volume
Specs: 30 mins, 09 secs | 13.8 MB
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Many experienced traders watch just price action and volume to get a read on the markets and find trading opportunities. Trader Stewie is especially adept and using price and volume to find profitable trades. In this interview, Trader Stewie talks about the chart timeframes that are his favorites and how he watches them to find the optimal entry and exit points. We then discuss his trading size and why he has adjusted it since January. The inverse ETFs allow traders to capture two or three times the market volatility and Trader Stewie talks about how he trades these securities and the financial / banking stocks. We also talk about the homework he does in the evening and how he prepares for the next day's action.

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Trading With Price Action and Volume


TraderInterviews.com: Hello everybody. Welcome back to TraderInterviews.com. Thanks very much for joining us for another show this week. As usual, the idea of all these interviews is to give you something to think about in your own trading and some strategies maybe to implement that other traders are using that are working in the markets right now. We're going to talk with Trader Stewie today. We talked to him about a year ago with a great interview. We're going to recap that and revisit with him and find out what's working for Trader Stewie today. So, Trader Stewie, thanks very much for joining us on the phone today.

Trader Stewie: Thank you very much for inviting me again, Tim. I appreciate that.

TraderInterviews.com: Well...so, it's been a wild ride over this past year with the way the markets have been. Would you say your trading has gotten more improved? Have you had a tougher time? How would you describe it?

Trader Stewie: Well, I will just say that that last year, in 2008, was my best year trading as far as profits generated in the accounts that I was managing and so, I would say it improved; however, more than just improved, I just want to add that last year's market, it was more of my style of market. It was momentum market even though it's a bear market and its prices were tanking, but it was my kind of market because it was a momentum market. It was nonstop, in one direction, and last year, as you can tell, you know, it was a very, very bad year for stocks, you know, but like I said, you know, as long as momentum is there, this is my kind of market. So, I actually did really, really well last year.

TraderInterviews.com: Does that mean that you were doing a lot of short selling last year?

Trader Stewie: A lot of short selling and as I remember talking to you about a year ago, I was telling you about...

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