Brendan Egan is a full-time swing trader. Here we talk with Brendan about the three main stocks he trades and the three main patterns he watches for opportunities.
Brendan Egan interview
Thursday, April 1, 2010
Wednesday, March 24, 2010
Floyd Upperman and Commitment of Traders: An Interview
I recently interviewed Floyd Upperman about how he trades and uses the Commitment of Traders as a strategy to find good market opportunities.
Tim Bourquin: Now, there's always been a really avid, passionate group of individual traders that trade the cocoas and sugars and things like that. But it's never caught on like the Emini has or other things that at-home traders are typically trading. Why do think that is?
Floyd Upperman: You know, it's interesting. There are you know niches in there. There are people that just love certain markets. Like I really love soybeans and I know a lot about soybeans and studied them for a long time. But why is that? You know, they're not as liquid for one thing as like the NASDAQ or the S&P 500 where you have a lot of liquidity and it's real easy to get in and out. There is just not as much trading that takes place. But you know this is kind of the chicken or the egg, which comes first. Why isn't there a lot of trading there? You know maybe it's because people don't know a lot about coffee as far as - like say coffee for example, you know how does that market work. And people are a lot of times afraid of commodities because of the risks involved. But when they do get into commodities, a lot of times they get into grains because those are the more popular ones like the corn and the wheat. But you know like I mentioned the cocoa and the sugar and coffee, why don't more people trade those? You know I don't know. All I can say is they are thinly traded, more thinly than some of the other ones. So that might be one reason why people shy away from them because they're not as liquid. But you know I can't say for sure why we don't have more day traders in cocoa or coffee. They make nice moves. But for day trading though, I would say they're probably not the best markets again because of the liquidity. You know, you can't get in and out as easily as you could like in the S&P 500. Where if you're day trading that one, you know, you can get in and out with hardly any slippage at all. Whereas in the cocoa and the coffee and the sugar, because of the fact that they're not real liquid they're going have slippage getting in and out and that can make it real difficult to day trade.
Listen to the interview or read the transcripts in full here.
Tim Bourquin: Now, there's always been a really avid, passionate group of individual traders that trade the cocoas and sugars and things like that. But it's never caught on like the Emini has or other things that at-home traders are typically trading. Why do think that is?
Floyd Upperman: You know, it's interesting. There are you know niches in there. There are people that just love certain markets. Like I really love soybeans and I know a lot about soybeans and studied them for a long time. But why is that? You know, they're not as liquid for one thing as like the NASDAQ or the S&P 500 where you have a lot of liquidity and it's real easy to get in and out. There is just not as much trading that takes place. But you know this is kind of the chicken or the egg, which comes first. Why isn't there a lot of trading there? You know maybe it's because people don't know a lot about coffee as far as - like say coffee for example, you know how does that market work. And people are a lot of times afraid of commodities because of the risks involved. But when they do get into commodities, a lot of times they get into grains because those are the more popular ones like the corn and the wheat. But you know like I mentioned the cocoa and the sugar and coffee, why don't more people trade those? You know I don't know. All I can say is they are thinly traded, more thinly than some of the other ones. So that might be one reason why people shy away from them because they're not as liquid. But you know I can't say for sure why we don't have more day traders in cocoa or coffee. They make nice moves. But for day trading though, I would say they're probably not the best markets again because of the liquidity. You know, you can't get in and out as easily as you could like in the S&P 500. Where if you're day trading that one, you know, you can get in and out with hardly any slippage at all. Whereas in the cocoa and the coffee and the sugar, because of the fact that they're not real liquid they're going have slippage getting in and out and that can make it real difficult to day trade.
Listen to the interview or read the transcripts in full here.
Monday, March 22, 2010
Interview with Norman Hallett
I recently did an interview with Norman Hallett of The Disciplined Trader.
Norman has a website at The Disciplined Trader where he educates traders on the psychology of success trading methods.
Norman has a website at The Disciplined Trader where he educates traders on the psychology of success trading methods.
Thursday, January 7, 2010
What time does the Super Bowl start?
I found a site that makes it easy to see what time the game starts:
Super bowl start time
I'll be watching the big game with family and friends on February 7! Hope it warms up in Miami.
Super bowl start time
I'll be watching the big game with family and friends on February 7! Hope it warms up in Miami.
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