TraderInterviews.com: Hello everybody, welcome back to TraderInterviews.com. Thanks very much for joining me for another show this week. We are going to speak with Brian Hoffman. He's a full-time trader and we'll talk to him about how he approaches the markets and hopefully get some good ideas for you to, maybe, think about in your own trading strategies. So, Brian, thanks very much for joining me on the phone today.
Brian Hoffman: Thanks Tim. I appreciate it. I appreciate the opportunity.
TraderInterviews.com: Well, talk about what kind of trader are you, first of all? What markets do you trade?
Brian Hoffman: I primarily trade the ES, the Mini S&P 500 Futures. I have been trading that pretty much since I started trading a few years ago and I am a structure- and volatility-based trader, which means that I don't use indicators like a MACD or Fibonacci tools. Basically, I was taught a unique way at looking at and interpreting market structure. So, if you would look at my trading charts, they would probably look pretty naked to you. I have a very dim simple moving average there and, basically, I come in in the morning, I create support and resistance zones based off of the methodology and then I have, basically, a protocol. There is some discretion involved on how I approach the zones, but I just have a way of acting around the zones. My trading style is to get into a trade and, generally, to allow it to open up. A scalp for me would probably be 2 or 3 points, so usually I'm looking to catch multiples of my risks, which averages between 2.5 and 3.5 points, so I'm looking to get like a fix to 10-point run plus a lot of times. Generally, it's going to give me a 2 to 5 trades a day on the average.
TraderInterviews.com: All right. So, 2 to 5 trades a day, you got to be pretty patient especially if you're in the 2-trades-a-day zone, but...
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