TraderInterviews.com: Hello everybody. Welcome back to TraderInterviews.com. Thanks very much for joining us for this week's episode. We're going to be speaking with Dave Floyd. He's been a trader for a long time. I've known him for a few years here through my experience at the Trader's Expos and I know he's been in the markets for a long time personally. And so, we're going to talk to him about some of his trading philosophy and how he approaches the market. So, Dave, thanks very much for joining us on the show today.
Dave Floyd: My pleasure Tim. Good to talk to you again.
TraderInterviews.com: Well, so talk about your overall philosophy as a trader. How do you classify yourself in your approach to the markets?
Dave Floyd: Well, it's funny. You know, it's one of those things where if you'd ask me that question two years ago, I'd probably have a slightly different answer than I do now. But, you know, for the most part, I've always been a discretionary trader, you know, but using a set of rules. Those rules have evolved over the years and I've, you know, originally I was a day trader, a hard core day trader and then kind of slowly moved up to the time frame scale and I'll consider myself a swing trader at this point. Most of my trade lasts several days and I've become far more proficient technically and I use a lot of Elliott Wave analysis. But I think the key thing is that a lot of the early years as a day trader, you know, actually being a tape reader, has really paid dividends because now I'm looking at charts but I'm still able to look at price action and add that to, you know, what some would consider a one dimensional view of the market which is a chart. And I think, especially in markets like this where they have been so difficult. If you're just looking at it one dimensionally, it becomes really challenging. You have to have a deeper understanding of...
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