Raymond Firetag is a former real estate mortgage broker who turned to trading less than one year ago. Here we talk about his learning curve, how he blew his first trading account learning the craft, and the changes he made to come back from those first tough months. We also discuss the strategies he uses and a few of his favorite websites and blogs including macro-man.blogspot.com.
Adam Ulichny is a full-time trader who uses simple techniques to find trading opportunities in a basket of several hundred stocks. Here we talk about the timeframes he watches and the moving averages that he has found work best to spot reversals of trends and other techniques. We also talk about the specific dollar amount he wants to pull from the markets each day and what happens when he doesn't meet that goal. He also blogs about his experiences at stackyourcream.blogspot.com.
Mark Longo is a former CBOE floor trader who now trades on his own and runs TheOptionsInsider.com website that educated traders on various options strategies and news. We discuss how trading differs for him now off the floor and I ask him if there is value in the services that give retail traders the pit sounds. We then talk about several options strategies, how the VIX has become a popular security to trade and how traders are also using it as an indicator. Finally, discuss "Iron Butterfly" options strategies and the growing popularity of binary options as a trading tool.
