Robin Dayne - "The Trader's Coach" Featured on CNBC
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Trader Profiles

John Alesia -John Zanutto- Stan Ehrlich -Ken Wood- Dan Zanger -  Walter Bressert- John Yackley John Carter- Hubert Senters  -

 

 
John Alesia
Founder/President of BrownForex.com

How long have you been trading?

six years

What markets you do prefer to trade?

Forex

 

Why Those Markets?

 

I have found the Forex market is the best for technical traders. The reason being is with all the liquidity and participants in the market many of the technical trading tools work. It also offers a very flexible schedule to a trader being that you can trade 24 hours a day.

What has been the most important thing you have learned in your trading career? You can't win on every trade. Close out the losers, cut your losses and let the winners go. Make sure your winning trades are larger than the losers. Sounds logical but many traders find this difficult to master.
What sparked your interest in the market? I started my career working on Wall St. while going to college in 1991. I had been given the job by a family friend. Once I graduated I worked in the FX back office of my firm. I worked my way up through hard work and was eventually the head of FX Prime Brokerage Ops in our NYK office. In that job I learned a lot from our clients one of which had an online retail platform. I had already been trading equities part time but was not thrilled with that market. Coming from an FX backround i felt very comfortable trading the currencies and was able to use my experiences to my benefit.
What are your two (2) highest values in life? Family and Family(friends are family)
Do you have a trading plan? For the day month year?My plan is simple. I dont look at my balance. I make sure I am using good money management techniques, along with my trade setups and I trade. I figure out my p/l when the month ends.
What’s is the most important thing for you to do in your trading day preparation? I try and read as much as I can before placing a trade. Know whats going on in the world. Also now when economic data is coming out, so keep you calendar handy.
Do you have parameters that tell you WHEN NOT to trade? I do not trade certain times of the day when the market is quiet.
What are your top (3) rules for protecting your capital?
1)Use stops, mental stops work if you are disciplined. Don't trade because your last trade was a loser. Trade because you have a good trade set up. Have a max loss set per trade based on my capital.
What are some of your money management guide lines?
I don't want to risk more than 1-2% of my total account per trade. So a trade where i have a 20 pip stop I will trade with twice as many lots as I would on a trad with a 40 pip stop. Always keeping my 1-2% rule in mind.
What is the most important thing you want to pass onto those NEW or considering trading?
(in preparation) Manage your expecations. You can not make $100,000/year with a $1,000 account. If you try and trade it to make that much you will essentially blow up your account.
When did you "cross over" and reach that comfort level when you knew you could make trading a living?
Its hard to say. For me it took a lot of losing before I crossed over. Luckily I did not use all my capital in the beginning. What got me in a winning state of mind was not any trading techniques it was my mental state. I had to understand that a losing trade is part of trading and I had to close the losers out and move on.
What was the greatest lesson you ever learned?
Don't look for one trade to make you rich, because that attitudde will put you in retirement alright, just retirement from trading broke.
When your trading is off what do you do to get back on track?
For me I like to go hit golf balls or do something that relaxes me. You need to get away some days. They are not all winners so you have to be able to keep the emotions in check.
What is one MUST you have in your discipline arsenal?
Stop Losses
In your opinion what is the most common reason traders fail?
First off you need to find a mentor or someone who has been successful at trading to help you. You would not become a doctor or lawyer without training with a professional in the field. Same goes here.2)Mentally we hate to lose. Nobody likes it. So losing trades are hard to come to grips with. We would rather not have the failure feeling that comes from closing a loser but rather keep hoping a loser will come back. It only takes one not to come back.
What services do you offer? We have private one on one training done online and also technical trading videos at http://www.brownforex.com/learn-forex-trading.html
Any final thoughts? Trading is a great way to earn an income from home but it takes great discipline and hard work. Do your homework, seek help and limit your losses.
 

John Zanutto

"Grain Trader" - CBOT pits & Managing Member of GrainGuys.com

Shows Dates

June 15:  EMT High Voltage Q&A
June 22
How to use information from the "pits" in the trading game plan

June 29 What you need to know to successfully trade grains AND why options are a must

Email Questions

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Background

 Auditor for CME and NFA 1981 thru 1984,  Controller for Linnco Futures Group 1985 thru 1988, Manager of floor operations and head options analyst LFG 1989 thru 1996,  Sr. V.P. head of grain floor execution Merrill Lynch 1997 thru 2001 and presently Managing Member of Grain Guys 2002 thru today. 

How Many Years Have You Been Trading? About 20 years

What markets have you traded in that time?

Soy Complex, Corn

Why those markets?

I am from Iowa and am comfortable with agriculture, and its easy for me to trade cash grains.

What is your website?      

www.grainguys.com

What services do you offer?

We work with large traders who want to be as close to the pits as possible (250k average) Hedge funds, institutions.

What would you like to pass on to others? 

Get out of losers as fast as possible. Follow the original plan, especially in commodities and watch what you leverage.

 

My most important rule or distinction?

CONTROL emotions trade for the right reasons…no fear or hope. Must be able to balance.

For Complete Interview - Click Here

Stan Ehrlich

Futures Trader & President of Solid Gold Financial Services

Shows Dates

May 25:  EMT High Voltage Q&A
June 1
Pick Turning Points

June 8:  Chart Patterns and Key Reversal

Email Questions

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Background

Stan Ehrlich started in the Futures industry in 1971 as a runner on the Chicago Futures Exchanges.
In 1978 Stan Ehrlich invented the Ehrlich Cycle Finder, a universal technical analysis tool, and now the oldest physical technical analysis device in the Investment Industry world wide. Stan has brokered for some of the most famous market analysts in the world, including Robert Prechter, the Elliot Wave Theorist, in addition to Beatrice Foods Corp., and other large corporations. He has been quoted in many financial papers, magazines, is written up in about 20 different books, and has appeared on television including CNBC, national financial TV, and many other television and radio station nation wide. In addition, he has lectured at about 80 technical analysis seminars and
conferences worldwide since 1975 for Reuters, Dow Jones Telerate, Futures Magazine, and TradeStation, as well as many other organizations. Stan is now the president of Solid Gold Financial Services, Inc., a commodity futures commission merchant, commodity pool operator, commodity trading adviser, in the San Francisco financial district.

How Many Years Have You Been Trading? Since 1972.

What markets have you traded in that time?

Ones that move.

Why those markets?

If it does not move, all you can do is write options.

What is your website?      

www.stanehrlich.com & www.chartpattern.com

What services do you offer?

1.      Commodity Futures Brokerage

2.      Forex trading brokerage

3.      I sell the Ehrlich Cycle Finder

4.      I sell the Ehrlich Cycle Forecaster for TradeStation

5.      I author the “Ehrlich Report” on www.ChartPattern.com

6.      I lecture to groups world wide.

What would you like to pass on to others? 

Always follow your disciplines. Think out the trade and risk before you push the button.

My most important rule or distinction?

Paper trade a lot first, and keep diligent notes on what you did and WHY.

Ken Wood

Independent Trader

Shows Dates

April 27:  EMT High Voltage Q&A
May 4 Trading the CCI - Why its different, & basic Pattern Psychology.

May 11 "Trading the CCI Without Prices Bars & how its Helped Traders" The power of the CCI Chatroom Support and Growth

Email Questions

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Background

Ken Wood (woodie) has been an independent trader for 28 years, many of which were spent identifying and developing CCI (Commodity Channel Index) patterns. He mentors traders on using the CCI method in his chat room home to over 1300+traders on hotcomm.com located at woodiescciclub. Aside from conducting 2 online seminars for The Chicago Board Of Trade and presentations at the Chicago and New York Traders Expo for Esignal, the Wealth Expo Forum in Palm Beach and Anaheim ,California. Mr. Wood has been a guest speaker at the Association for Technical Analysis of Dallas and The Denver Trading Group, also many CCI conferences as well as providing a host of seminars throughout the United States. Is featured in SFO Magazine May 2005 issue. Was invited to Florida to join Barbara Bush at the head table for lunch and her speech to the Futures Industry Association because of work done with Make A Wish Foundation and traders by Peregrine Financial Group and Peregrine Charities.

Recently he was interviewed on 4 different radio programs about his CCI method and has written an article in Active Trader's May 2004 issue on the topic of the CCI ghost

How Many Years Have You Been Trading? 28 years

What markets have you traded in that time?

any markets

What are you currently trading?

CCI works on all markets

What is your website?      

http://www.woodiescciclub.com

What services do you offer?

 

What is the most important thing you want to pass onto those NEW or considering trading?  (in preparation)  

One must master the mind games you go threw in trading

What is the most important thing about trading you would like to pass on? (rules, distinctions, words of wisdom) 

Keep it simple and get confidence in what you're doing. 

Traders tend to get caught up in so many things that they lose focus of the plan ....my saying" why use a 3 min chart to trade when it takes you 4 min to reach a decision"

Dan Zanger

Professional Stock Trader

Shows Dates

April 6:  EMT High Voltage Q&A
April 13:  Understanding & Trading off Chart Patterns.

April 20:  Understanding Earnings Growth for Momentum Trading.

Email Questions

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Background

Prodigal Trader, Dan Zanger of Chartpattern.com first hit the media spotlight in December 2000 when he was featured in a Fortune Magazine article. The article, entitled "My Stocks are Up 10,000%!" discussed how he had turned $11,000 into $18 million in 18 months (with a return of 164,000%), an unofficial world record for trading stocks (with the tax receipts to prove it). Not mentioned in the article was that in 23 months, the total grew to $42 million. Dan spent over 10 years teaching himself technical-charting analysis of the stock market before starting off on his own. Dan founded Chartpattern.com and a successful newsletter that reaches several thousand market-traders eager for his stock recommendations and education, 4-times per week. Dan’s recommendations have made millions of dollars for his newsletter members. Dan is a highly sought-out personality in the lecture circuit, with curious on-lookers standing on chairs to catch a glimpse of the prodigal trader. Dan believes that certain behaviors exhibit themselves before great run-ups in the market.

How Many Years Have You Been Trading? 20 years

What markets have you traded in that time?

NASDAQ/NYSE

What are you currently trading?

NASDAQ/NYSE, Housing, Oil sectors, some high-tech names

What is your website?      

www.ChartPattern.com

What services do you offer?

4-night per week newsletter, The Zanger Report. Access to Dan Zanger's All-Stars (Stan Ehrlich, Commodities/Futures Specialist), Education: "Understanding Chart Patterns and Dan's 10 Golden Stock Rules." Dan's Recommended Reading (Book store) and useful market resource web-links

What is the most important thing you want to pass onto those NEW or considering trading?  (in preparation)  

You must do your homework in advance. Understanding market/stock behavior through chart patterns.

What is the most important thing about trading you would like to pass on? (rules, distinctions, words of wisdom) 

NEVER get married to a stock.....emotionless trading is key. Use of "stops" in trading.

Walter Bressert

Professional Options Trader

Shows Dates

March 16:  EMT High Voltage Q&A
March 23 High probability trading the S&P Index with multiple intraday cycles and time frames.

March 30 The cycle lengths to use for the various time frames, the interaction of cycles within cycles.

Email Questions

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Background

*Brought cycle analysis to the futures markets in the early 70’s in the HAL Commodity Cycles advisory service which was profitable in 10 of the 12 years it was published. 

Was a cofounder of Computrac, the first analytical software made available to the trading public, Developed the first cycle analysis and trading software.

Was a director and president of the non-profit Foundation for the Study of Cycles,  has lectured internationally for more than twenty five years, written articles for the Wall Street Journal, Barron's, Futures magazine and the "Commodity Research Bureau Yearbook"… was a contributing editor to the Financial News Network and has appeared on CNBC from time-to-time as a guest speaker.

How Many Years Have You Been Trading? 30 Some

What markets have you traded in that time?

Just about anything that could be traded?

What are you currently trading?

 Forex and the S&P Index, plus TBonds and metals.

What is your website?      

www.walterbressert.com

What services do you offer?

 Cycle based trading software, In depth trading seminars and a NEW advisory service for the futures markets.

What is the most important thing you want to pass onto those NEW or considering trading?  (in preparation)  

Select one market, then Study, Study and Study….then paper trade for a month or two before risking your money.

What is the most important thing about trading you would like to pass on? (rules, distinctions, words of wisdom) 

Trade with the trend, keep dollar risk small, and let profits run…and it ain’t as easy as it looks.

 

John Yackley

Licensed CTA (Commodity Trading Advisor)

Shows Dates

Feb 23rd

Mar  2nd

Mar  9th – 

Email Questions

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Background

Starting in 1992, John Yackley worked as a Series 3 licensed commodity broker for seven years before working for two years in Dublin, Ireland serving on the Board of Directors and as the trading operations manager of Midas Trading House, an international bank and brokerage firm.  Upon returning to the States in 2001, Mr. Yackley formed Be Free Investments, a registered Commodity Trading Advisor.  He employs two distinct trading programs, his INCOME and STOCKS PLUS investment strategies.  Both strategies trade futures and futures options.  He graduated from Northwestern University in June 1994 with a Bachelor of Arts in Economics and………joins us today from Chicago.

How Many Years Have You Been Trading? 10

What markets have you traded in that time?

The SP500, Nasdaq, Ten Year Note and Bond futures and futures options markets

What are you currently trading?

The SP500, Ten Year Note and Bond futures and options markets

What is your website?      

 www.BeFreeInvestments.com

What services do you offer?

Managed Accounts

What is the most important thing you want to pass onto those NEW or considering trading?  (in preparation)  

 Have a detailed plan of attack before stepping on to the battlefield. 

What is the most important thing about trading you would like to pass on? (rules, distinctions, words of wisdom) 

Trading is never easy.  Begin to worry, if you start to think it is.

John Carter

President

TradeTheMarkets.com

Stocks, Options, and Futures Trader and Money Manager

Shows Dates

Feb 2nd  – "High-Voltage EMT Answers" from John Carter

Feb 9th – “How You Can Trade GAPS Profitably”

Feb 16th – "Enhance Your Trading With Floor Trader Pivots"

Email Questions

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Background

 

Growing up as the son of a Morgan Stanley stockbroker, John Carter learned about the pressures of the business at an early age. By high school he had concluded that he didn’t need that kind of stress in his life. And then he did a most peculiar thing: He started trading stocks, options and futures.

“I guess I substituted one kind of pressure for another,” says Carter. “My dad would talk about the constant pressure of selling financial products to customers, and I didn’t want that. What I do is based on my own performance, my own ideas, using my own judgment. I’m comfortable with that.”

His own ideas are in high demand these days. John publishes separate daily newsletters for futures/single stock futures, options and equities trading, and he runs the popular tradethemarkets.com web site with partner Hubert Senters. He’s a Commodity Trading Advisor with Razor Trading, and a contributor to Stocks, Futures & Options magazine and to tradingmarkets.com. His trading days are spent in a virtual fishbowl, with hundreds of eyes on him as he makes buy and sell decisions in the hotComm chat room that he and Senters run. He is also a polished seminar speaker.

Although only in his mid-30s, John Carter is well prepared for his current role. He began his market education trading options in high school, and studied international finance at the University of Cambridge in England before graduating from the University of Texas. He has been a full-time trader since 1996.

“I feel a large sense of responsibility to those who follow my advice,” he says. “I’m happy to say I made all of my early mistakes trading my own accounts without an audience.

“Now it’s a matter of exercising discipline and letting the rest fall into place. The traders today who will still be around in 20 years are the ones who have discipline.”

Carter relies on physical activity after the close to deal with the financial swings he and his subscribers encounter. He clears his head running, water skiing, and practicing Tae Kwon Do. “That’s my way,” he says, “of picking myself up, dusting myself off and getting ready for the next day.”     

How Many Years Have You Been Trading? 17

What markets have you traded in that time?

I started off in options and stocks and moved into futures.  I’ve traded pretty much everything.

What are you currently trading?

For Day Trading, I trade the mini-sized Dow futures, emini S&Ps, 30 Year Bonds, and the Euro.  For swing trading I trade emini Nasdaq and Russell futures, as well as stocks and options.

What is your website?      

www.tradethemarkets.com    

What services do you offer?

A live trading room through hotcomm, as well as three newsletters for stocks, options and futures

What is the most important thing you want to pass onto those NEW or considering trading?  (in preparation)  

To believe in yourself and keep at it.  To realize that the rules of everyday life do not apply to trading – and to learn what the trading rules are so they can get on a level playing field with other traders.

What is the most important thing about trading you would like to pass on? (rules, distinctions, words of wisdom) 

  1. Professional traders focus on limiting risk and protecting capital.  Amateur traders focus on how much money they can make on each trade.  Professionals always take money away from amateurs.

     
  2. Embracing your opinion leads to losses.  When a trader rationalizes a decline by saying things like, "they are just shaking out weak hands here," or "the market makers are just fishing for stops," then the trader is embracing his own opinion instead of listening to the market.  This is also called "being an amateur" and leads to a one-way revolving door called financial ruin.
       
  3. Amateur traders turn into professional traders once they stop looking for the "next great technical indicator" and start controlling their risk on each trade.

     
  4. In reality, traders are not trading stocks, futures or options.  They are trading other traders.  Be aware of the psychology and emotions behind the person who is taking the opposite side of your trade.

     
  5. Professional traders actively take small losses, and they do so because they know their most important job is to protect their capital.  After all, re-entry is only a commission away.  Amateurs resort to hope to save their trades.  In life, hope is a powerful and positive thing.  In trading, hanging onto a trade based only on hope is very similar to a trader spending the rest of his life filling holes in rotten teeth when he has no skill as a dentist.  In other words, it isn’t pretty.

Hubert Senters

Co-Founder

TradeTheMarkets.com

Shows Dates

Jan 12th – "High-Voltage EMT Answers" from Hubert Senters

Jan  19th -  “How to Take Advantage of Intra-day Volatility”

Jan  26th – “The Building Blocks of Trading” (Understanding Bricks)

Email Questions

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Background

Born with an entrepreneur personality, I left College in 1994 and launched a successful Mobile On-Site Fleet Maintenance Company. The business provided complete preventative maintenance as well as mechanical repairs to large and small companies as well as individuals. 

 

I took my self taught philosophy and built the Mobile Fleet Company to managing 32 employees and running revenue of $4.8 million per year.  This successful venture was ultimately acquired by one of the leading national oil companies.

 

While building this company, I began doing business with a local chain of Transmission shops, subletting transmission repairs thru their company.   One afternoon while overseeing a transmission repair, David (owner of the chain of Transmissions shops) invited me to come to his office and watch him trade. 

 

Always interested in expanding my business knowledge, I said "sure I'd like to watch, what exactly is it that you are trading"?  Four hours later, I was hooked!  After watching David make eighteen thousand dollars in that short period of time, I knew I had to know more about what made the market work.  Using David as a mentor, I continued the routine of sitting beside David day after day, week after week until David had taught me exactly what he did and how to read the market.  

 

Maintaining the same discipline as I portray today, I did not place my first trade until one year later.  Over the next 18 months I helped David manage $25 thousand and turn it into $862 thousand before taking a 20% drawdown

  

Realizing that I had a burning desire and niche for trading, I hired a manager to run my fleet maintenance business so I could absorb myself in learning everything I possibly could learn about the market.

  

I carried everything I learned from personal development/self help and business management into trading by maintaining the self taught philosophy of "find the best person you can find doing what you want to do and learn everything he knows about it".

  

I have not told you any of the previous information to impress you or brag about myself.  I told you for the sole purpose of knowing that if this country boy from Kentucky can do this so can you!

 

Now let's update you on the present. 

In 1999 I launched the website www.tradethemarkets.com with John Carter. 

  

I'm a firm believer that you need to have your own style and method of trading that works for you. There is nothing wrong with finding and using other trader's methods and tactics. Use the points that you like and mold them into your own style.  In order for a method to work for you long term and make you successful it has to work for your style and personality.

How Many Years Have You Been Trading? 10

What markets have you traded in that time?

 Stock, futures es ,nq and the Ym dow minis

What are you currently trading?

 Futures  mini  and stocks and some forex

What is your website?      

www.tradethemarkets.com    

What services do you offer?

Video Newsletters and a real time trading room with audio and video

What is the most important thing you want to pass onto those NEW or considering trading?  (in preparation)  

Be well funded and you had better have some discipline.  You will learn one of two ways: either by the school of hard knocks in which the market will charge you a tuition it sees fit or you can learn from someone else which will still cost you but you can model the success of other successful traders and speed up time.

What is the most important thing about trading you would like to pass on? (rules, distinctions, words of wisdom) 

Discipline, discipline, discipline!  Only trade your setups.  Wait for the market to come to you.  The three strike rule: if you have three consecutive losing trades in a row in a day quit for the day.


Robin Dayne E-Mail

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