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Pit Stops:
Barry J. Lind, Who Knows Trading Chicago Style Better Than Anyone |
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Barry J. Lind, Lind-Waldock's chairman, is one of the most notable success stories in the futures industry. He first began trading in 1962. Three years later, he had developed enough public business to open his own firm. From his earliest days of membership, Mr. Lind has been active as both a trader and a leader of the Chicago Mercantile Exchange (CME) and later as a major contributor in shaping response to critical futures industry issues. Since it was first published in 1969, Method Trading, written by Mr. Lind, has grown in popularity with both public and professional traders. It has been translated into several languages. Over 100,000 copies are in circulation. The following questions are a follow-up to method trading. |
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Neal: Classic charting techniques have been at the fore-front of trading for a long time here in Chicago. Are they still valid in light of system trading and 24-hour markets? |
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Barry: Charting techniques are still the same. But some techniques work in some markets, and some work in others. And what works today may not work in three months or six months. Sometimes I buy every breakout and sometimes I won't buy any. Charts are just a tool, not the be-all and end-all. |
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Neal: What are some of your favorite patterns when it comes to trading? |
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Barry: I'm a channel trader, whether long-term or for just a few minutes. If I'm trading short-term, I'm strictly technical. For the longer term, I'll get some opinions about the fundamentals. If |
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