......Ask Me Anything OK. Who makes the better trader? A taxi driver or a bus driver? Ans. A bus driver. A taxi driver takes tips, but a bus driver knows where all the stops are!
I am quoting some of his more interesting answers: "I bought long dated calls on GILD a month ago." "I thought about it (quitting) twice. I started in 97, wanted to quit in 2000. My worst draw down after that was 2006…I wanted to quit then too." "Worst loss? RIMM in 2005 Best gain? Bear Stearns puts in 2008. I lost 38k on RIMM. Made 280k in BSC." "Since doing this full time, I’ve failed to beat the market once (2014). My returns over my career average over 50% annually." (recent long term buys)"$JWN and $PBYI last month. Very bullish on retail this year, and on biotech as well." (most memorable bet)"Twitter IPO for sure. 2 weeks after it came out, I promised all my readers that the stock would hit $60 before Christmas." (starting capital, when did you know you can make it?) "10k, 3 years into it I knew." "No yacht, just a ski boat. 23' "
"I use only one indicator, and I built it myself. It is a stochastic...but its a combination of 3 individual stochastics built into one. Technicals tell you when to buy, not so much what to buy. Certain price patterns like wedges, flags, triangles, etc will help me narrow down to favorites though." "My average is just over 50%. Best year was 320%, worst year -17%." (background)"Some college. Mostly for basketball though. School sucks." "The more I used technical, the more unreliable I found them. Price is king in my eyes." (bitcoin) "I bought Bitcoin in May last year for 440, sold on the way up at 1050 few months back. Thought I could reload at 700, didn’t quite get there." (next crash) "2018" (gold)"Am and have been very bearish. The time to be bullish on Gold is when you aren’t being asked about it by the younger generations in chat room settings. Last time I invested in Gold was 2006." (SNAP) "Most important reality you’ll ever encounter is that a stock is really worth what someone will pay for it. I’m really big on crowd behavior/finance. I think there’s a great buy in this in about two weeks…lower in the teens. From $15 to $40ish. ...a good trade is coming in 2 weeks from the mid to high teens and back to $40" (oil) "I’ll buy $WFM for a 5 year hold when it trades down to the mid-20’s this year. AS for $XOM and oil, you missed the easiest part. Next year when it trades to $40, load the boat." "I started by applying for a job at a broker. Figured that was the easiest way to address my interest, curiosity and reduce the learning curve at the same time." "$AMD says lower. Buy it at $8 in 3-4 months." "computers are as predictable as the morons who program them." (instead of TA)"Price, speed, angles, transitions, support/resistance, primary/secondary trend, volume, profile, group correlation....that's about it." (income breakdown) "70% of my income is performance based off the money I manage. 20% is from my own personal trading. 10% is from my advisory. I don’t do it for the money, which is why I cap and limit the people I am willing to let sign up there." "Haven’t been net short since 2007." --------------------------- All in all he sounded like a honest guy and I liked his answers...