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Tim Bourquin: Hello everybody and welcome back to TraderInterviews.com. Thanks for joining me for another interview this week. We're speaking today with Austin and he is a trader that I came across watching what he talks about on his blog and some of the articles that he's written that really attracted my attention. And we're going to talk to him about how he approaches the markets and maybe get some ideas for ways that we can look for good trades ourselves. So, Austin thanks very much for joining me on the phone today.
Austin: Well, Tim thanks for the invite. Happy to be here.
Tim Bourquin: Thanks. Thank you. All right, talk about what kind of trader you are? Do you day trade, swing trade? What do you do?
Austin: At this stage in my career, I'm purely an intra-day trader and that's just by choice. I started out as a short-term swing trader with index options mostly the SPX and OEX back in the '99 and 2000 era. From there of course volatility sped up greatly. That and the rapid growth of the E minis, which were at fledgling stage back then and now they're all the rage for futures traders. So just the way the index has gone has kind of evolved me towards intra-day trading. But I can see in the future at some point that I'm going to evolve back towards swing trading and maybe even trend trading as time goes on.
Tim Bourquin: And is that because you feel there's too much risk overnight that you don't take the trades or you just find that on a shorter timeframe you're able to make more money?
Austin: I don't know that it's so much risk as lack of opportunity and the instruments I trade are just not very trendy. , there's a lot of sideways movement and a lot of mean reversions so there's just isn't an opportunity to...
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