Tim Bourquin: Hello everybody and welcome back to TraderInterviews.com. Thanks very much for joining me for another show this week. I'm speaking with Jay and he's been a trader for a very long time back in -- when I first started my website probably in 1996, I think Jay was already trading. But we'll hear from him about how he approaches the markets and his trading strategies for finding good opportunities. So, Jea thanks very much for joining me on the phone today.
Jay: Tim, it's great to be here once again. Thank you.
Tim Bourquin: All right. So, when did you start trading?
Jay: I got involved with the market probably back around '95, '94 just dabbling. It's just an evolutionary process. You know, you get intrigued by the markets and you start reading the quotes in the papers and start doing research, and you fall into this belief that a company and a stock are the same things. So, invest in some stocks, watch them tank while there's no news and then that's just what kind of triggered me to delve a little deeper through the 15 or so years. Now, I've come around full circle, coming up with a system that pretty much just -- it pretty much just measures the actual price action for a stock as far as fundamentals and that's pretty much just a buffer to kind of let you -- allow you to sleep at night. But it's all about supply and demand you know and that's what the system is based on. It gauges that. It gives you a road map.
Tim Bourquin: All right. So, discuss briefly how you watch price action. You know maybe talk about a typical day for you and things that you're looking at in the markets and where you might find a good trade.
Jay: Sure. First of all, we have to understand and agree that a stock can be in an uptrend and a downtrend at the same time synonymously. It's like the weather fronts. It's not going to be cloudy or its not going to be sunny all the way across...
To read the rest of this interview's transcript, get access now or login
Looking for the free interview and bonus?
