Author of the popular stock trading blog DownTownTrader, Joey Massarelli is a great independent trader who has made a name for himself through the work on his blog and recently on twitter. Joey has written for investing and trading magazines like SFO. In interview, Joey speaks with TraderInterview.com's Tim Bourquin.
TraderInterviews.com members get access to all 225 interviews, downloadable as MP3’s, and full transcripts.
Thanks to Tim, marketHEIST readers can listen to this interview with Joey and read the transcript for free. Here’s the interview info:
Full-time trader Joey Massarelli has found several patterns that over time he is able to recognize as profitable opportunities. Here we talk about how he uses moving averages over several key timeframes to trade within channels. He talks about how he looks for breakdowns and breakups within a chart, how he uses Gann theory to find pivot points, and how Fibonnaci levels help him find exit and entry points. He trades very large size in SDS (UltraShort S&P500 ETF) and SSO (Ultra S&P500 ETF long) almost exclusively. Listen to our discussion about timeframes and what he's looking for in terms of probabilities before he will enter a trade.
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