Using Order Flow and Charts to Spot Money-Making Trades
Tim: Hello everybody, Tim Bourquin here for TraderInterviews.com. Thanks for joining me on the program today. Our guest today is Matt and he's going to talk to us about how he finds good trades, the ways he approaches the markets, and this overall philosophy for finding good opportunities. So, first of all, Matt, thanks for joining me on the phone today.
Matt: Thanks for having me on, Tim.
Tim: All right. So start off with talking about the type of trader you are. Are you a swing trader or a day trader and then what market do you trade?
Matt: Sure. I am day trader of the US Equities markets. I do very little swing trading, but 95% of my trading is day trading and I focus on the most volatile names in the US Equity market so typically names that have large intraday price ranges, sometimes the high flyers like Apple, Priceline, Google, BIDU stocks of that nature.
Tim: Okay, good. Our listeners will of course hear this after we've recorded, but today Apple had a big announcement and so did that provide some good opportunities to trade Apple?
Matt: It did. I actually was focused was on some other stocks I've been trading during the day, but, yeah. I mean Apple filled off really heavily with the announcement of the iPhone 4GS, I think is what they're calling it, and then sort of when Apple rallied in the last hour of trade is really when the market took off and definitely a crazy day of trade. And a lot of times, I also look at Apple not only as a stock to trade individually, but also as a stock to sort of get a tell on the entire tech sector. So if I'm trading another tech name or even a semiconductor name, I'll look at Apple, sort of look at its price movement while I'm trading that other stock as well.
Tim: Yeah, I guess today was a good example of how...
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