TraderInterviews.com: Hello everybody and welcome back to TraderInterviews.com. Thanks for joining me for another interview with another successful trader this week. We're going to be speaking with Joey Fundora, and Joey is better probably known as Downtowntrader. He's got a blog where he talks about how he's trading and what he's doing and the ways he's looking at the market. So, Joey, thanks very much for joining me on the phone today.
Joey Fundora: No problem Tim. It's nice to be here.
TraderInterviews.com: Well, I always start with this question. What kind of trader are you? What markets do you trade and with what frequency?
Joey Fundora: Well, I'm primarily an equities trader. I do trade some options. For the vast majority of my trades, I am an aggressive swing trader and what that means is I trade basically the one-, two-, five-day time frame. I will take a few day trades here and there, but I'm not a day trader and I don't really position trade too often. I will get into some trades sometimes like some other market setup on the longer term like commodities earlier last year. In the middle of last year, I took a couple longer term trades on commodities, but for the most part I'm really focusing on just a five-, four-, five-day move on equities.
TraderInterviews.com: OK, all right. Describe your ideal setup. With these swing trades that you're looking at, what's a trade that maybe one you could even explain from a previous week or something where it was a good trade, you took it, and it worked out.
Joey Fundora: The fist thing let me clarify, and one of the things is I'm purely technical straight. I trade completely on technical analysis. I don't look at fundamentals very often. I don't care what the stocks earnings are. I almost don't really care what they do other than what sector they belong to....
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