Tim: Hello everybody and welcome back for another interview. Thanks for joining me on TraderInterviews.com. My guest today is Brian who has been a trader for a long time now. He's been a speaker at a couple of the expos that I work with and started. But first and foremost he's trader and we wanted to get him on the phone and talk to him about last year any changes or lessons or learned, that sort of thing for 2012 since we're early in the year that you could hopefully apply to your own trading and get ideas for approaching the markets. So first of all, Brian, thanks for joining me on Skype this morning.

Brian: Well, thanks for having me on here, Tim, always like talking to you.

Tim: All right. So first of all, for listeners who haven't heard you before, are you a day trader, a swing trader, and then what markets do you like to trade?

Brian: I try to be a swing trader, but the markets have just gotten really so erratic in particularly the second of half of last year that it turns out most of the trades I take end up being day trades. The second of half last year, we just had so many gaps overnight and it was unpredictable which way they were going to go. So it just got too dangerous to really try to hold stuff longer term and if I did it was always a partial of a day trade that worked out during the day. In other words, I would sell part of it and then decide to swing trade the balance, a small portion of the balance of the trade. So I trade US equities primarily and a lot of ETFs. So in particular, I do like particularly for day trading the leveraged ETFs like for the Russell 2000 I like the triple long and short, the TNA and the TZA, but I think those really should be kept to day trading products only.

Tim: Yeah, we've heard a lot more about that. That those leveraged products are definitely not for...

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