| |
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 |
Ask the Trader |
|
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 |
Ask the Trader |
|
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 |
Ask the Trader |
|
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 |
Ask the Trader |
|
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 |
Ask the Trader |
|
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 |
Ask the Trader |
|
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 |
Ask the Trader |
|
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) |
- 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.
- 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.
- Amateur
traders turn into professional traders once they stop
looking for the "next great technical indicator"
and start controlling their risk on each trade.
- 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.
- 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 |
Ask the Trader |
|
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. |