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John
Alesia
Founder/President of BrownForex.com |
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How long have you been trading? |
six
years
|
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What markets you do prefer to trade?
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Forex |
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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. |
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|
|
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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. |
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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? |
