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trade between 15,000 and 20,000 contracts a day. Most public speculators never heard of him. However, I would suggest people look up the book Charlie P., by William D. Fallon. |
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Charlie made a video. I borrowed it and picked up some great points. Perhaps the single most useful item is to avoid a herd mentality. Another is to be a spreader. One more important point: Charlie believed that nobody invents anything new. He believed the best way to become a trader was to watch other people in the pits. In short, copy what other good traders do. That's why with all the new software and upgrades available, traders must know about spreads. He also had a goal: to be in the eye of the hurricane. It's the ability to be able to trade with chaos all around you and remain calm. |
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Question 17: Where do traders, or how do traders, create spread charts? |
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Neal: The most simple, direct way is to connect to the Web. www.barchart.com offers an inexpensive means for spread-charting as well as three-legged spreads. What's more, the Web really represents the future of trading analytics. |
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Contact me (Neal) for classes and e-mail updates at thevin dicator@prodigy.net or at (800) 753-7085 (newsletter). |
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