TraderInterviews.com: Hello everybody. Welcome back to TraderInterviews.com. Thanks for joining us for another show this week. We're going to be speaking with Jeff White. He's a trader I have known for a little while. And we're going to talk to him about his strategies and overall philosophy about approaching the markets so that hopefully you can learn something to maybe adding something to your trading arsenal. So, Jeff thanks very much for joining us on the show today.
Jeff White: Thank you for having me Tim.
TraderInterviews.com: Well, can you kind of describe and start off with our overall philosophy of approaching the markets? How would you describe yourself?
Jeff White: I would say I'm really geared toward managing my risk. That really comes first and foremost for me each day and in a trade that I put on, that's the first thing that I want to know is what am I risking? And then beyond that, I'm going to take a look at what I think I might make if I'm correct.
TraderInterviews.com: Now, this is a good point. I'm glad you brought this up right at the beginning because we hear a lot of people talking about risk management being the most important part about trading. But I think a lot of traders sit there and think, "How do I know my risk? I mean if I set my stop two points away, that's my risk. So what does that mean to you when you say that?
Jeff White: Well, to me, I'm really someone who like to trade on chart patterns and I like to know on the chart where are the buyers and the sellers hanging out and as long as I can identify where they have recently been, then I feel like I have some measure for what my risk is likely to be..And for me, I'm likely to eyeball that support and resistance and if price moves beyond that, then I feel like I'm going to be out of that trade. And on the contrary, on the...
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