Interview with trader: Judy MakKeygen

Question: You have intra-day trader, please tell us more about his style of trading.

Judy: I love the intra-day trading, because it's really what I want - a lot of deals or transactions, depending on how I am. I have learned long ago that it was not worth selling when you are "not in the mood." So I traded in when I feel in the mood, and when I do not sell, I get the pleasure of talking with other traders, write comments, studying charts and answering questions.

My shopping style is very short-term transactions. I always used ticks in graphs 30, 50, 75, 150 and 300 ticks. I relatively close stop-order because I do not like to give too much or wait for recovery. I prefer to re-enter the market when the trend will continue. Thus, I will have the 3 transactions in the trend, where trend trader will be able to do only one. My goal each day is to finish in the black every day, including the broker's commission. The rest, as it seems, is in itself.

Question: How often do you reach your daily goals?

Judy: Before I learned to stand aside, if you do not want to sell, I could not achieve its goal of up to 5 times a month - but now it happens very rarely. I still see their transaction at the end of the day to make sure that I follow their rules. I think it is very important to do to grow as a trader. Even if the deal unprofitable, but you follow my rules, then eventually you have won. I also feel that it is important to have its own system. These can be pieces and parts of other systems, but this should be your system, your rules, match your personality and your style of trading. If you can not sell something that you fully fit, it usually will not work well. Everyone continues to go "cup of the Holy Grail" and I really think this is a purely individual basis.

Question: How do you sell?

Judy: I traded futures NQ. Before trading futures, I traded in the shares during the day and usually more shares represented Nasdaq. Therefore, I feel more familiar with the NQ. I really get pleasure by switching to e-mini, because I do not look at stock charts throughout the night. I can rest from the market at any time and should not watch the market for a few days to find out where he is. And I can do what I truly love - to visit an anonymous chat in E-mini, discussing trade, and to help other traders learn to earn in the market.

Question: What do I need to sell during the day like for you?

Judy: I have two computers. A - 450 MHz Pentium II with three monitors, which are loaded "Ensign Windows" and the trading platform. Another computer - 500 MHz Pentium III with two monitors, which is used for instant messaging, e-mail, and the network. It seems that for me.

Question: What is the filing of data you use and how satisfied are you?

Judy: I'm using "eSignal" software "Ensign Windows" for charting. I believe this combination is very reliable. I never knew how valuable ticks standing graphics, has not yet begun to use "Ensign Windows". Minute charts are much less - testing maxima / minima of oscillations, flags, etc. I seriously doubt that will ever come back to trade at the minute schedules. In fact, I watch them, to answer questions that may arise from other traders who do not have in stock ticks schedules.

Question: You could not tell you about some of its trade rules?

Judy: I do not have the market - if I skip the transaction, then I skip it - is another possibility. Also, if I skip the transaction, it usually means that I have not quite focused. I reduce the size of the position, if I have two deals Losing row. Although this no longer happened, but earlier I used to carry out the transaction of the place - I tried to return the transaction. When I was a student and continued to trade in virtual accounts, I usually allow myself only 3 Losing the deal on a real account before I had to return to the trade in virtual accounts.

As I mentioned, I sell only if I feel appropriate, and when the chances in my favor. When I suspect that the market overturn me, I am taking a break. Moving averages, are in the Flat, especially 50 - and 200-periodnaya EMA, and the price caught their 75-teak schedule - these are the two key indicators that I use to identify the problem area. This time, only to watch as the market will not take any direction. I always know what records must go, and never find in the market when they leave.

Q: How important to good health for the success of the trade?

Judy: I think it is very important. Just as you should try to do most any job well, you have to be internally prepared to market chess game. If I am not a "busy" day, then I am inclined to establish a long-term time format and to make fewer transactions.

Question: What protection do you use to protect themselves against large losses?

Judy: I hate to lose money, so is unlikely to assume the risk of more than 3-4 points. I have long had a major loss. I always use a stop-order, even if skalpirovanii and plan your way out of the market.

Question: How long do you sell?

Judy: I am spoiled in shares since 1994, and with some of them I was lucky. Because of his friend who was very ill, I have not traded in 1998. He died in June of that year. I decided that I do not want to go to work for others and really like to challenge the market. Book Pita Bulya confirmed my thoughts - I read it in one sitting. So, I bought many books and began to sell shares at the end of 1998.

Question: You talked about many things that do. What would you advise the reader not to do?

Judy: No deal, yet you will not have its own system with your own rules. Even if someone's system, you still have to make sure that fully understand it. Set the maximum amount of money or items that you can lose a day. Do not increase the size of the position, if you lose. Analyze your transactions more - make sure that follow its own rules - even if the transaction is losing, but you follow my rules, then you have won. If something goes wrong, do not rush - the position outside the market, also the position. You may not always be in the market. Talk with other traders that you may be doing wrong. Some did this to me when I sold the shares. I learned so much from them.

Question: The discipline is an essential element of trade, is not it?

Judy: Absolutely. I am believing the only way to find the cup of the Holy Grail "- that you have, not the trading system, or technical indicators. I like to communicate with other traders. Many come to me and asked what was wrong in a transaction? Or ask questions to learn. I do not like to see when other people lose money - that's why our motto is that we will try to teach you to trade profitably.

Question: There are many graphics programs available. Which of them you know and what would recommend?

Judy: I am familiar with "Qcharts", "TC2000" to the end of the day, "IQCharts" and "QPlus" to view it. Last April, had problems with feeding and I found eSignal, but their software for the construction schedules at the time was not even close to how I used to "Qcharts". I went further and found "Ensign Windows". The combination of graphical program "Ensign Windows" and the eSignal data feed is best suited for trading e-mini is not in the course of the day.

Question: Would you like to have something to add?

Judy: I would like to give my list of priorities:

1. Calling the market.
2. Help others learn to trade. I love to teach others.
3. And then the money.

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