Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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Alessio interview with forbes just shows how volatility attracts speculators that can ruin an economy if not checked.Excerpt of the interview below. Quote:FORBES: What kind of trader are you?
AR: What kind of trader? What do you mean?
FORBES: Usually traders have strategies.
AR: Oh I see, I’ll tell you what kind of trader I’m not. I’m a very risk-averse person. I never get into a position that I haven’t fully analyzed. I trade mostly the Dow futures, also a bit of forex, and I trade stocks, the most liquid stocks in the market. What I look for, essentially what I look for is opportunities. I’m a trend trader, so I trade trends, that what I like. And I like volatility. There are three things I wait for. I look for moments of high volatility, or the early parts of a volatile market, and I trade the momentum.
Basically, markets go through periods of high to low volatility, and what you want to do, the style I prefer is to be prepared for the moment when there is a sudden shift from low to high volatility, capture that momentum and ride it as high as you can. You can be very good at predicting direction, but you can really never be 100% sure about the magnitude. So what you need to do is keep yourself in the markets as long as the trade is working your direction. And when you realize when the trend or mom is weakening, then just get out.
What you could say, I’m mostly a technical trader. I look at charts. I’m not a big, huge fan of funny analysis, you know, fundamentals. http://www.forbes.com/si...essio-rastani-and-asked/'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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