Trader Interviews

A Full-Time At-Home Trader Discusses How He Uses Support And Resistance Levels

Tue, 13 Oct 2009 00:00:00 -0800

A full-time at-home trader discusses how he uses support and resistance levels to find great trades.

How a Former Market Maker Turned At-Home Trader Finds Great Trades

Tue, 15 Sep 2009 00:00:00 -0800

The more I talk to truly successful traders, the more I realize that finding a simple strategy and executing your plan with strict rules is the fastest way to trading profits. In this interview, I speak with a full-time, at-home trader who happens to be a former market maker for NYSE stocks. Does his experience as a market maker help him as a trader? No doubt - but you'll be surprised at what he thinks is the most important part of his success. Although he has unique insight into the workings of the stock market, it's his ability to short-term trends in supply and demand that has helped him become the trader he is today. Here he talks about how watches for opportunities in the market, why he mostly trades at very specific times of the day, and how he decides when it's time to exit. It's a terrific look into the thought processes of a wealthy trader.

How To Trade Using Fibonacci Retracement and Extension Levels

Tue, 08 Sep 2009 00:00:00 -0800

In this detail-packed interview, I speak with successful private trader David Buffalo. We discuss how he uses Fibonacci ratios to establish price levels the one extension level he uses to find profitable trades over and over again. We discuss why a "complete price leg" is a critical signal for him and how he uses neural net software to find patterns he can recognize to find explosive moves. David talks about the one indicator he uses and how he has adjusted it slightly to include another indicator to draw a complete picture of the index, ETF or stock he is trading. Finally, we discuss his very specific way of setting his stop losses and how he adjusts them if needed. We finish by discussing how he sets goals for himself and measures his personal success in the markets.