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Simple Trading Strategies with Moving Averages
Specs: 30 mins, 13 secs | 13.9 MB
  Knowing when to take your profits is always a difficult decision, even for veteran traders. In this interview, we talk with stock trader Andy Lindloff about a very specific way he decides how much of his profits to take out of a trade, while still leaving room for more upside should his position continue to run. We also discuss how he scans the market in the morning and ways he finds individual stocks to trade that day in hot sectors. Andy also describes the charts he uses and the simple moving average that, when combined with a certain behavior in volume, has provided great trades for him time after time. Finally, I ask Andy to describe his ideal trade - one that he would have to take if he saw this setup. He describes what that setup would look like on a chart and how often it occurs.

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Simple Trading Strategies with Moving Averages


TraderInterviews.com: Hello everybody and welcome back to TraderInterviews.com. Thanks very much for joining us on another show this week. As always, the purpose and the idea of the show is to give you something to think about as a trader, maybe some thoughts and strategies that you could add to your own trading arsenal and add to your own trading style. We're going to be speaking today with Andy Lindloff and he is a trader, an active trader. We're going to talk to him about his overall approach and philosophy of trading the markets. So Andy, thanks very much for joining us on the show today.

Andy Lindloff: Oh, great to be here. Thanks for having me Tim.

TraderInterviews.com: Well, I always start out asking people how they got into the trading game in the first place, what's your story there?

Andy Lindloff: Well, about 11 years ago I was actually working for Edward Jones and my work passion was trading. I didn't like the idea of going out and prospecting and trying to find all these customers. So, I wanted to give trading a shot so I just went to a retail-trading floor and just jumped in full steam ahead and like I said, I had a group of traders to trade with and that kind of helped up, but yeah, just straight in, I wasn't working for a top company, just my own capital and here I am.

TraderInterviews.com: Now, so you're in Orange County earlier so did that mean that you were at Online Trading Academy, trading with them?

Andy Lindloff: No, not at all. Actually, I live in San Diego on the trading floor here, and then actually they shut down the office here with Pro Trader. They shut down the office here and the only office that's available is in Orange County, so I moved to Orange County.

TraderInterviews.com: OK. So what year was that that you started trading in the office?

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