eliteG gave an interview to a Portuguese financial newspaper. They only published an excerpt but eliteG gently sent me the whole text.
I think it is a quite interesting read:
«What's your age?
**I just turned 24.
How long have you been trading on the stock market by
your own?
**6 years.
How did you start investing? Just a little bit by fun?
Or did your first contact with the stock market was
professional, in an investment bank, for example?
**My first contact with the stock market happened
freshman year of college when I was 18yrs old. I was
studying Electrical Engineering and I was interested
in new technology companies. The NASDAQ was making
new highs everyday. It was crazy and I had to know
how to do it. I can't explain exactly why I was
interested because I had never done anything like it
before. My grandfather and dad gave me about $2000 to
work with.
Do you have a degree in economics or had any specific
training in the stock market?
**I do not have any specific training in the stock
market other than my experience and my own research.
I have read about 30-40 books on the stock market and
half of those were.of no value. This is actually a
high percentage of great books compared with the
average trader because I did some research on which
books to buy.
How many deals, do you make, in average by day? Pedro
told me you have a position trading or fast position
(what's a fast position, is it day trading?)
**I have a lot of variety in how much I trade by day.
This depends on the style I am using. I have made
hundreds of trades a day and sometimes I make no
trades because I am holding my positions or doing some
research. I also take breaks often after a big win or
sometimes a losing streak.
Do you invest simply in stocks or also in other
products like warrants, swaps, forex.?
**I trade only stocks but I keep an eye on futures and
options.
How many hours by day do you trade?
**I am working on something trading related 10-12
hours per day. I do a lot of research and have come
up with a few things that I think are revolutionary.
So I am writing a book about it and doing research on
this a lot. Actual trading is about 6-7 hours per
day. You can be a successful trader and only work 1-2
hours as well but this is what I do full-time.
Now for the second set:
How do you organize your day? At what time do you get
up and at what time do you start?
**The organization of the day is very important. It
doesn't always happen this way but this is a
breakdown:
6:30am exercise, eat breakfast.. 8:30am read news,
check on stocks that are moving pre-market.. 9:30am
scan market, research, manage plays, trade ,sometimes
lunch, sometimes not.. 4pm market closes, do end of
day research..
How do you prepare your working day, do you study the
markets and your positions for many hours before the
market opens and after it closes?
**I read a little news but the truth is that the
market will tell me what its doing, not the news. So
I do technical analysis of the market and just read
some news for fun and ideas. I make sure I have lists
of what stock I want to watch for my trades. When the
market opens @9:30 am it is intense. I call it the
battlefield.
Where do you work? At home in a special place just for
independent traders? I don't know exactly what kind of
structures do you have in the States for this kind of
activity.
**I work at home and live with my dad, younger sister
and younger brothers. I would like to move to my own
place but my mother died of cancer in March. She was
only 45 and after graduating I moved here to be with
her. So I will be around to make sure everyone is ok.
It was very hard but she was always behind me in
stock trading. She thought it was very exciting and
was so proud that I chose to do that.
If it is at home, how do you fight against isolation?
**This is a very good question.there is isolation.
There are not many people my age that do this kind of
thing but I have found some really great people on
message boards to talk to during the trading day. The
truth is I have always felt fine on my own. That may
be an important ingredient to being a trader. I enjoy
what I do a lot.
Do you have high levels of stress when your working?
Or do you have a trading methodology that prevents,
more or less, high levels of adrenaline?
**In the beginning there were very high levels of
stress but now it is not that bad. I feel like I have
experienced a lot and use very safe methods now.
There is always emotion in everything I do. I think
it is only human to feel excited and scared when you
do something that people consider very dangerous.
These feelings can help you even.
How do you deal with the fact that you can lose all
your money in just a working day? Do you suffer any
anguish with this kind of subject? Have you ever lost
it all?
**It used to be possible for me to lose all my money
in one day but that would be almost impossible now. I
have lost it all twice. I think the most successful
traders will tell you that they have lost it all. It
is the price of education that the market takes from
you. I learned a lot from this. It is absolutely
essential that you learn from the mistakes that you
make in the market to be a trader. You must always
analyze what you did wrong, even on a winning trade.
I leave in a country where it's very difficult for
specific stock to go down for example 20% in a day or
for a huge company to present bankruptcy from one day
to the other. But in the States that's not the case.
We saw what happened in the Enron and WorldCom case
(that's an extreme example). So the volatility of a
stock is very, very high. You must have nerves of
steel to trade on the US market? What kind of
characteristics does a trader have to have?
**I would not do what I do if I believed that the
market was just a gambling arena. I believe that the
markets can be analyzed by technical analysis. As a
trader you must be able to learn and adapt
constantly, manage risk/reward and believe in yourself
a great deal.
Do you have any story that you would like to tell me?
I mean, something funny or something dramatic that
happened or that you saw happening to others in the
market?
**One day I went to my engineering class, Power
Systems, @ 11am. Everyone in the class knew that I
traded stocks and so before class started some friends
asked me, "how the day was going?" I told them, "it
was a really good day." One who doubted me and
thought I was crazy for trading asked me, "Oh really?
How much did you make today?" I told him, "Well you
know the markets open @ 9:30am and now it is 11? Well
I stopped trading @ 10:30 this morning so that I could
make it to class. I made $4300 in that hour." He was
speechless because he knew I was telling the truth.
He is now invested with me. Everyone was
congratulating me. It ended up being a $15,000 week.
Good times. There is a lot of intrigue going on in
the markets but I always remember that day.
How do you know where to invest? Do you contact with
other traders? Do you have friends that have the same
activity?...
**I don't consider what I do investing. I am
speculating. Just trading a short term position and
in essence what I'm looking for is momentum. For that
I need volume, patterns and historical analysis. I
only play stocks that I have picked out for myself. I
try to find message boards that have traders like
myself. My friends are interested but don't know
enough to talk about trading.
Does the money you gain in the market give you a high
stile life? Being short on words: did get rich? Or all
you can get is to pay your daily expenses?
**I am not rich at this point because I haven't really
had any capital to work with. But that is growing.
Even now I make more than my daily expenses. I am
having a very good time. I think it's very important
to be doing something in your day that you enjoy a
lot. Not everyone can enjoy their job but there is
something that they should find to do for fun. I am
lucky because it is my job.
At the end of a trading day how do you disconnect your
brain from the markets? Do you have specific hobbies
to do that. go out with your friends? What do you do?
**I play sports: soccer, basketball, tennis,
football..exercise, movies and I read a lot. I go
camping and hiking. I also like to travel to cities
my friends are at around the U.S.A. Also I'm thinking
about getting a fish tank. ;)
Do you think you could be a trader for the rest of
your life? It's a really stressing activity and I was
told that people can't do it for a long time, because
it's very wearing.
**It seems to be getting less and less stressful. I
will always be involved with the markets in some way.
The truth is if you are a successful trader you do not
have to do this for a long time.
What do intend to do afterwards? To have another
business of your own.???
**I have some business ideas I would like to work on.
I would like to do something good for the community.
First thing I will do, though, is travel the world for
a year with my friends. Then back to business =)
Is it rewarding to work by yourself? I'm making this
question in two different perspectives: if the money
you win makes you happy and if it's enough to say that
you wouldn't like to change your way of living. Or do
you think it would be better (more financially stable)
to work in a company, where you know exactly how much
you earn at the end of every month?
**There is nothing like working for yourself. It is
not easy and takes much discipline but it is very
rewarding to make it on your own. It is not for
everyone. With the money I make I plan to help
advance the world and make it a better place. I will
be forming a company by the end of next year.
Do you have a family? How does your family deals with
the financial instability?
**Since I live at home with my family there are not
many expenses. Financial instability is not an issue.
Nice one Elite, your success is clearly a result of your dilligence and hard work. Keep it up ;)
Mike
thx mike. :) These shorter weeks can give us lots of volatility..many opportunities..lets all have a great week! 8)
Quote from: eliteG on July 05, 2005, 07:55:44 AM
thx mike. :) These shorter weeks can give us lots of volatility..many opportunities..lets all have a great week! 8)
Great interview, eliteG. Applause. You've got your head on straight, and what a bright future you have ahead of you! Keep up the good work. I wish you much success.
I'm very sorry for your loss of your Mother.
good read. It was spooky how many similarities we share -- EE degree, trading style, twice hit bottom - and your trading methodology is exactly where I think the best balance of risk/reward lies. And at only 24, to have your trading wisdom (and discipline) at such a young age makes you positioned extremely well for success.
Congrats on the interview.
Bula
Well done!!! I enjoyed that. When you get that book out, let us know, Ill be sure to get copy or 2.
only 24 and already a master at his game....good for you! love to hear things like that...self-taught even!...very impressive!
yes, let us know when u've completed your book! i'm sure it will be very useful.
my condolences on the loss of your mother..my mother also died of cancer when she was only 34, but many years ago...But, I'm sure she is extremely proud of you!!
you sound like a very intelligent and well-rounded individual...good luck to you on all your endeavours..although i'm sure you won't need it, u seem to be in control of your future and won't be depending on luck very much.
julia ;D
Quote from: gmarc66 on July 05, 2005, 02:21:11 PM
only 24 and already a master at his game....good for you! love to hear things like that...self-taught even!...very impressive!
yes, let us know when u've completed your book! i'm sure it will be very useful.
my condolences on the loss of your mother..my mother also died of cancer when she was only 34, but many years ago...But, I'm sure she is extremely proud of you!!
you sound like a very intelligent and well-rounded individual...good luck to you on all your endeavours..although i'm sure you won't need it, u seem to be in control of your future and won't be depending on luck very much.
julia ;D
wow thx Julia ;D everything you guys said means a lot to me. I didn't know what to expect when David asked to post my interview... thx David. I thought it might come out a little boring but thx for all the comments. :D
I think of everybody here as my co-workers and that we are all on the same team. On to the next game...
you know what? i think we hang-out too much to be co-workers..LOL
See everybody at work tomorrow ;)
When it talked about pressure in the article, you didn't realize that we are all expecting you to make us millionaires. Way to go BRO! ;D
I was out for the day.
My first reading of 3SOF.When I seen that it had been posted,I knew that this had to be the the very first thing I would read.
Very well done G! I knew from reading your stocks picks when I discovered the 3SOF web site, that there was something special about this young man.It doesn't take long of reading to know that the wizard has it together as a trader.You are going places G. When that book of yours is ready to come out don't forget to let me know.This is a must for my library.
My condolences on your loss.
Best Regards
Normally when one gets to be retirement age (as is my case), one can begin to read an individual. You have become totally successful, not only because you have come close to completely mastering your trade, but also because you are joyfully able to share your knowledge with others. I, along with so many others, have shared our appreciation for your help so many times.
You go man!!! You deserve happiness and success in life. And when you return from that trip around the world, you will have many more stories to share with your 'working companions' !!
My condolances, also on the loss of your mom. Knowing you, I believe she had to be a fantastic person. Mom's are like that. Yes they are!!!
No problem eliteg..you really do deserve all the compliments u are getting.
I also forgot to thank you for all your trade advice and for sharing your knowledge and picks with us. THANKS!! ;D
Great to be on your team and of course with the leaders of the pack, David, Fredrick and all the others who contribute so much to this site..i think they know who they are.
I am learning alot from everyone, unfortunately I am not able to give advice as I am a complete novice and don't really know much about trading.
So, again i am thankful for all those who share and help some of us that need it, but I think this type of community benefits everyone in one way or another which in itself is a great accomplishment...there really is nothing else out there that seems to compare to 3SF.
I have said this before...eventually I would like to donate to this site and pay my dues for all I have taken from it..i just have to get out of the red first...please bare with me. I think with the help of everyone here, that will happen.
Great site, great people.
glad to be here.
thanks very much,
julia
Elite, interesting interview. Looking forward to your book. And Good Luck in all your endeavours.
G,
It would seem that your real success is not in what you have but who you've become....and so willing to pass it on to others and make the world a better place....well done! If you ever find yourself in Atlantic City lunch is on me.
Al.
We have so much in common, eliteG. I'm a couple of years younger than you are, and I'm still in school. But I've gone through literally all the issues in your life, especially the biggies - winning big (oh, IPIX 2004! $20k in an hour remember?), losing big, losing loved ones, and growing up...
Thanks to Randolph and Ramsburg, trading has become an even better learning experience. I guess then Senator Al Gore also deserve little credit for investing in the internet research project. We're quite blessed to live in this troubled world.
Ram
P.S. This week I'm trading/enjoying my vacation in Boston, a town that has Wi-Fi everywhere. Yes, these Massachusetts liberals have declared free internet for all. And I love them.
you guys are all great ;D thanks a lot for the kind words. Its great to learn about everybody too. Lets see whats shakin today ;)
Hi, eliteG
Congrats to your achievements, and even more to luck of having such a supportive environment.
QuoteI think of everybody here as my co-workers and that we are all on the same team. On to the next game...
That exact is the spirit which will turn this board in to a win-win scenario for everyone of us.
In remember, when I started with trading I had limited access to information and not many people to share with too. Later a had access to some profis but there where often a little stingy with their know how and obsessed with their view.
Well, there are many talented people around who put their ideas in a doctorate script - in the hope of getting a Nobel prize and founding a LTCM like Corporation. But you will not find them sharing their ideas on a board like this.
I think, 3SF breaks the records of getting the experience of the enthusiasts (full time or part time) together, in such a short time and in peace. :)
andyman
I haven't read this thread 'till now ;)
Great Interview, great trader (applaud G) ;)
sorry for your loss, my grandpa also died in cancer....
Great interview G. Seems like I know you personally already LOL.
Hmmm......I didn't know you live in Portugal. For some reason, I thought you lived in the states. :-\
Hey, if you ever want to get out of the market or need a second income, let me know. I'll get you a job! haha. No kidding, I was also an Electrical Engineering major in college.
Sorry to hear about your mother, I'm sure she's smiling from above as I write this post ;D I mean who wouldn't be proud to have such a good son as to go home and make sure all the siblings are taken care of.
Anyways, you've got something special going on so please make sure you don't "short out" cause it'll be a shame to lose someone as knowledgeable as you.
Thai
Quote from: Terlisa on February 27, 2006, 01:19:54 AM
I haven't read this thread 'till now ;)
Great Interview, great trader (applaud G) ;)
sorry for your loss, my grandpa also died in cancer....
;) thx Terlisa
Quote from: thai626 on February 27, 2006, 01:41:15 AM
Great interview G. Seems like I know you personally already LOL.
Hmmm......I didn't know you live in Portugal. For some reason, I thought you lived in the states. :-\
Hey, if you ever want to get out of the market or need a second income, let me know. I'll get you a job! haha. No kidding, I was also an Electrical Engineering major in college.
Sorry to hear about your mother, I'm sure she's smiling from above as I write this post ;D I mean who wouldn't be proud to have such a good son as to go home and make sure all the siblings are taken care of.
Anyways, you've got something special going on so please make sure you don't "short out" cause it'll be a shame to lose someone as knowledgeable as you.
Thai
Thx a lot Thai ;D Thats cool that you were an electrical engineering major too. 8) I will definately keep your offer in mind as I am thinking about some other forms of income.
I live in Atlanta, GA. Now in my own place but literally 7mins away from home. ;)
G's place will be back to old form soon, no worries ;)
-g
Interesting interview E-G, I enjoyed reading it. A couple things jumped out at me so I've added my thoughts/comments...
QuoteI have lost it all twice. I think the most successful
traders will tell you that they have lost it all.
That's a serious stretch. I'd argue the most successful traders have never lost it all, though of course there are exceptions (Jesse Livermore being the most famous). For someone to lose it all it tells me either:
(a) they were undercapitalized - for example, if a trader starts with $1000 and loses it all it's still just $1000, so it hardly qualifies. With $1k it's not possible to diversify or practice safe money management so the odds were stacked against the trader from the start.
or (b) they had poor money management skills and were not diversified
Example 1: a trader starts with $10k and loses it all by going all in on one or two volatile stocks, or worse, penny stocks. I understand this is a way to build capital fast, but so is putting $10k on black for one spin at the roulette wheel. It's pretty much the same thing. Even if the outcome is success, I would not consider such a strategy the mark of a great trader, rather the mark of a lucky trader.
Example 2: During the bubble pop there were many traders with diversified portfolios who lost it all. Maybe they are back in the game now, but the great ones were the ones who were able to say "I've lost 30% on all my positions and I don't want to sell, but I need to sell now and cut my losses."
That's JMHO and we may agree to disagree.
Quote...One who doubted me and
thought I was crazy for trading asked me, "Oh really?
How much did you make today?" I told him, "Well you
know the markets open @ 9:30am and now it is 11? Well
I stopped trading @ 10:30 this morning so that I could
make it to class. I made $4300 in that hour." He was
speechless because he knew I was telling the truth.
How did he know you were telling the truth?
Quote from: Lucas Scott on February 28, 2006, 11:59:53 PM
Interesting interview E-G, I enjoyed reading it. A couple things jumped out at me so I've added my thoughts/comments...
QuoteI have lost it all twice. I think the most successful
traders will tell you that they have lost it all.
That's a serious stretch. I'd argue the most successful traders have never lost it all, though of course there are exceptions (Jesse Livermore being the most famous). For someone to lose it all it tells me either:
(a) they were undercapitalized - for example, if a trader starts with $1000 and loses it all it's still just $1000, so it hardly qualifies. With $1k it's not possible to diversify or practice safe money management so the odds were stacked against the trader from the start.
or (b) they had poor money management skills and were not diversified
Example 1: a trader starts with $10k and loses it all by going all in on one or two volatile stocks, or worse, penny stocks. I understand this is a way to build capital fast, but so is putting $10k on black for one spin at the roulette wheel. It's pretty much the same thing. Even if the outcome is success, I would not consider such a strategy the mark of a great trader, rather the mark of a lucky trader.
Example 2: During the bubble pop there were many traders with diversified portfolios who lost it all. Maybe they are back in the game now, but the great ones were the ones who were able to say "I've lost 30% on all my positions and I don't want to sell, but I need to sell now and cut my losses."
That's JMHO and we may agree to disagree.
When I first entered the market I was 18. I played the pump and dumps, I played the excitement without any analysis period. I did not read a book about trading. I had no money management. I lost it all(1)
A few years later..
I found out about my mom having cancer. Had to withdraw a great amount of my trading money to my dad. Was a wreck. I lost it all with options (2)
My belief is that the great talents in this world failed along the way. It is my inspiration. And my logic is that when certain people fail they gain an understanding of that failure, they completely surround it and understand every aspect. The knowledge gained here is a unique individual knowledge.. not from a book, not from someone else but from your own experience. It is an extreme form of education.
Their are many examples I know of but one that comes to mind is Michael Jordan not making his highschool basketball team. My belief is that he would never have become a star like he was without that failure.
No Lucas, I do not consider myself a star. But I have survived my failures and I have hope that one day maybe I could be. I do not come from a rich family and I am far away from being rich.. I have worked very hard to get this far. I truly understand being undercapitalized, or having poor money managment, of how emotions come into play.
So you think its a stretch? I think you need to find some great traders.. and ask them if they have lost it all.
QuoteQuote
...One who doubted me and
thought I was crazy for trading asked me, "Oh really?
How much did you make today?" I told him, "Well you
know the markets open @ 9:30am and now it is 11? Well
I stopped trading @ 10:30 this morning so that I could
make it to class. I made $4300 in that hour." He was
speechless because he knew I was telling the truth.
How did he know you were telling the truth?
Always a doubter..huh? I've noticed this about you. I'm not that pizza-guy dude, Lucas. He believed me because he knew me, he was my friend and I'm a truthful guy. I could lie every day to him but what is there to gain in that? Let it go Lucas. Let our trading speak for ourselves.
hey Elite - you may have misconstrued my second comment ("How did he know you were telling the truth?"). I personally don't doubt the story and I never thought you were making it up. I was just surprised your classmate so readily believed it because you had prefaced the anecdote by saying your classmate was a doubter ("One who doubted me and thought I was crazy for trading"). But since he was your friend, not just a classmate, and therefore you and he had some history, then it makes sense for him to take you at your word. Hope that clears up the misunderstanding! :)
Pertaining to my general state of doubt-iness (doubt-itude?) , I'd agree with you there. Not as it pertains to the $4300 story, but in general yeah. I take most things I hear or read with a grain of salt, as the saying goes. I think it's a very helpful trait when it comes to the stock market though, so I wouldn't change it if I could.
I guess I could say I lost it all once, in that back in 1999 I opened an online account with $400 and lost it all on a couple call options. But I don't count that experience - I put it in the same league as some of my nights in Vegas - it was really just a form of gambling in retrospect. It's really all relative so it's hard to debate. I mean to some, to lose it all would mean you're out on the streets sleeping on a grate and eating at a soup kitchen. And to others, losing it all would be putting $500 or $1k or $5k of discretionary income into a trading account and running it down to zero. And then to others, it could be losing 30% of your capital and having your wife order you to close the account. In the end it's such a relative term that we could probably fill several pages with debate.
Well, hope I expressed myself better. Sorry for the rambling but I'm procrastinating on something else I should be doing and this was a good excuse not to do it!
See you back at G's Place!
Luke
Hi Elite
:) Just today, I hv come across to this thread......It's really great :o
Thanks a lot to you to be with us.
Let me know as soon as your book is out.
Deep sorrow for your loss.
Don't leave us.
Bye
YUNUS
I have been around since the beginnings of this board. Never in my life have I ever come across a message board (3sof) or message board member (eliteg) with so much quality information to offer. I personally want to thank you and the other oldschool members who were here from the beginning. - stocky, fousc, aussietrader, melf elf and others i may have missed....
I believe in the concept of "thinking independantly" when trading but you and a few other members here have proven this concept wrong...
Id also to give a thanks to the guys in the 3sof chatroom....their contributions have greatly contributed to my portfolio's value. Any chance you could honor us with your prescense in the chatroom sometime EliteG? I am very sincere about this....
Hi, eliteG.
I just happened to see this interview too.
Again, I am amazed that a young person like you has such a discipline and already knows what to do for your life.
I totally agree that you are a lucky person that you already know what you like to do.
There are not many people who knows what they like to do and even fewer number of people does what they want to do.
Great interview and keep up the good work!
I'm deeply sorry to hear about your mom. I'm sure she is so proud of you.
Hi EliteG,
I was kind of always wondering about how old you are because of your knowledge, experience and especially patience with all of us. I have children older than you and I am very impressed with your personality and achievements. I am extremely proud of you and wish you great success in everything you do. You seem to have a good head on your shoulders so I have no doubt that you will have a bright future. I am very sorry about your mother. I lost my mother when I was six. I know how it is.
Good Luck!
Lalitha
Quote from: YUNUS on March 01, 2006, 05:14:56 AM
Hi Elite
:) Just today, I hv come across to this thread......It's really great :o
Thanks a lot to you to be with us.
Let me know as soon as your book is out.
Deep sorrow for your loss.
Don't leave us.
Bye
YUNUS
Sorry the week was so busy somehow I passed all these replies by.. :-X
Thanks a lot Yunus. I have been delaying that book for sooo long.. I have a lot of material down.. just gotta make it readable, get the publisher and whatever else is needed to get it out.
Quote from: calven on March 01, 2006, 08:32:09 PM
I have been around since the beginnings of this board. Never in my life have I ever come across a message board (3sof) or message board member (eliteg) with so much quality information to offer. I personally want to thank you and the other oldschool members who were here from the beginning. - stocky, fousc, aussietrader, melf elf and others i may have missed....
I believe in the concept of "thinking independantly" when trading but you and a few other members here have proven this concept wrong...
Id also to give a thanks to the guys in the 3sof chatroom....their contributions have greatly contributed to my portfolio's value. Any chance you could honor us with your prescense in the chatroom sometime EliteG? I am very sincere about this....
Hey Calven 8) I understand what you mean about "thinking independantly".. when we go into trading a lot of us end up thinking that you should hide your ideas, and that you are fighting against every trader out there.. I remember thinking that way.
But thats foolish.. we can all make money together and help each other out and trading doesnt have to be a lonely job. I feel like I go to work with my co-workers(3soffers) every day :D (hawain shirt day this Friday!) and you guys rock!
Yea I'll try out the chatroom.. just let me know when we got our folks in there(didnt know people use it :))
thanks a lot dude
Quote from: minkielover on March 01, 2006, 09:16:26 PM
Hi, eliteG.
I just happened to see this interview too.
Again, I am amazed that a young person like you has such a discipline and already knows what to do for your life.
I totally agree that you are a lucky person that you already know what you like to do.
There are not many people who knows what they like to do and even fewer number of people does what they want to do.
Great interview and keep up the good work!
I'm deeply sorry to hear about your mom. I'm sure she is so proud of you.
Hey minkie :) Thx for that..
Reminds me my mom was so proud.. and funny.. when I would trade from home when she was sick.. before the market opened I would check on my mom.. and I would say "Good morning Patch".. because she lost her hair and I told her she looked like a cabbage "patch" kid and we all thought it was hilarious, and her line back.. trying to pump me up for the day was "Make Some Money" followed by "Hug Patch".. so when I am having trouble thinking when things are going good or bad I say that line(i think traders talk to themselves all the time..well I hope :D). Make Some Money.. lol which was cool because when my mom asked how the day went whether you made $5 or $5000.. I could answer with "I made some money", lol, and it would feel good.
Quote from: lalitha0 on March 01, 2006, 09:47:04 PM
Hi EliteG,
I was kind of always wondering about how old you are because of your knowledge, experience and especially patience with all of us. I have children older than you and I am very impressed with your personality and achievements. I am extremely proud of you and wish you great success in everything you do. You seem to have a good head on your shoulders so I have no doubt that you will have a bright future. I am very sorry about your mother. I lost my mother when I was six. I know how it is.
Good Luck!
Lalitha
thank you very much lalitha :) means a lot.. sorry about your loss too.
Hi EliteG,
I was searching for a new car today but still doing analysis. First thing coming back to home, it was enlightening to read your interview today and it motivated me.
I started bad in stock investing 3 years back and last year came to this site where I met disciplined traders like you and learned and have recouped my earlier losses.
Thanks for sharing and educating me with your discipline, logic and non-emotions in stock market.
- Dhiraj
Hi G!
just read your interview, fascinating. you are a great kid. you put your family first, rather than money. money is important but family is more important. and you took life in your stride. you have talent, true grit and above all you will be successful. and I have learnt a lot from your analysis.
sorry to hear that you lost your mom at an early age but you handled it well.
Good luck!
Gil,
I am not an a-kisser. You're not going to hear me say anything about your hard work and diligence as the cause of your success. But, what i will say is wow. We have a lot in common.
I currently work as an electrical designer (power systems) eventhough i don't have an EE. I've spent a lot of time crafting my own market theories. To wit, i've determined that we as humans do the same things over and over and over, again and again, ad repetition, ad infinitum, ad nauseum. Which means stock movements, repeat. But, what most fail to recognize is that, that movement, is distorted by time and volume. That of course, is just one of my many.
I'll bet you are the analytical type and I'll bet it doesn't begin and end with stocks. I'd like to know if you have any dreams related to money or markets. I'm fishing for anything else we might have in common other than stocks and engineering. Oh, and one more guess. Is chess your favorite game?
Liquid Stick
Sorry forgot to ask this one last question. What are your top 3 TA books?
LS
Quote from: dhiraj19 on March 04, 2006, 08:13:14 PM
Hi EliteG,
I was searching for a new car today but still doing analysis. First thing coming back to home, it was enlightening to read your interview today and it motivated me.
I started bad in stock investing 3 years back and last year came to this site where I met disciplined traders like you and learned and have recouped my earlier losses.
Thanks for sharing and educating me with your discipline, logic and non-emotions in stock market.
- Dhiraj
You're welcome Dhiraj! 8) I'm glad you found this site.. any trader who finds their way here is going to become better from all the great talent we have around. Thats grea that you have recouped your earlier losses. Keep at it, you will succeed!
Quote from: starfire on March 22, 2006, 03:13:40 PM
Hi G!
just read your interview, fascinating. you are a great kid. you put your family first, rather than money. money is important but family is more important. and you took life in your stride. you have talent, true grit and above all you will be successful. and I have learnt a lot from your analysis.
sorry to hear that you lost your mom at an early age but you handled it well.
Good luck!
thx for the kind words starfire ;D
Quote from: Liquid Stick on April 01, 2006, 06:00:10 PM
Gil,
I am not an a-kisser. You're not going to hear me say anything about your hard work and diligence as the cause of your success. But, what i will say is wow. We have a lot in common.
I currently work as an electrical designer (power systems) eventhough i don't have an EE. I've spent a lot of time crafting my own market theories. To wit, i've determined that we as humans do the same things over and over and over, again and again, ad repetition, ad infinitum, ad nauseum. Which means stock movements, repeat. But, what most fail to recognize is that, that movement, is distorted by time and volume. That of course, is just one of my many.
I'll bet you are the analytical type and I'll bet it doesn't begin and end with stocks. I'd like to know if you have any dreams related to money or markets. I'm fishing for anything else we might have in common other than stocks and engineering. Oh, and one more guess. Is chess your favorite game?
Liquid Stick
Hey LS 8) I'm not really good with labeling myself.. in fact I had to check and make sure what analytical meant :D From the definition I'm taking it to mean "Studies something to come up with a method or a judgement". That nails how I play stocks.
For me its about pattern(not just chart patterns) recognition..and researching the fundamentals of why it works.. leading to the most basic components and then being able to expand on those basic components to apply to a much broader field then where i started... lol.. I hope that makes sense.
An example would be: The hammer candle provides support, this is a known pattern.. it shows support by having a long shadow/wick with the body finishing in the top area of the days range.. after research the fundamental concept: long shadow/wick shows support by rejecting price.. broader real-world application: any long shadows/wicks show a price rejection whether support or resistance.
I like chess but I cant say its my favorite... for now I'd have to go with Battlefront II ;)
Quote from: Liquid Stick on April 01, 2006, 06:02:38 PM
Sorry forgot to ask this one last question. What are your top 3 TA books?
LS
Hmm the top 3.. I've only really read a few and browsed through others at Barnes and Noble. I guess its been a while and I believe that everyone has something that'll work for them.. that might not be the same:
Rule The Freakin Markets - not really TA but a must read
The Master Swing Trader - well I guess I never really read through all of this but its on my desk so it must have nice pictures
I really cant pick a third.. everything is available online and from other traders. But soon I should have a book out.. I'm shooting for beginning of next year. >:D That one will be packed full of pictures.. I guarantee. 8)
Quote from: David Randolph on July 05, 2005, 07:10:10 AM
eliteG gave an interview to a Portuguese financial newspaper. They only published an excerpt but eliteG gently sent me the whole text.
Do you have a degree in economics or had any specific
training in the stock market?
**I do not have any specific training in the stock
market other than my experience and my own research.
I have read about 30-40 books on the stock market and
half of those were.of no value. This is actually a
high percentage of great books compared with the
average trader because I did some research on which
books to buy.
Thought you said you have read many books.
Quote
Hmm the top 3.. I've only really read a few and browsed through others at Barnes and Noble. I guess its been a while and I believe that everyone has something that'll work for them.. that might not be the same:
Rule The Freakin Markets - not really TA but a must read
The Master Swing Trader - well I guess I never really read through all of this but its on my desk so it must have nice pictures
Quote
I've not read many books just based on TA.. you asked specifically for TA books?
Quote from: eliteG on April 01, 2006, 07:34:08 PM
Rule The Freakin Markets - not really TA but a must read
G - I am shocked this book would make the list. The author Michael Parness is a pathological liar and scam artist. I skimmed the book at B&N once and was revolted. Parness is no better than Tokyo Joe. Some reviews about Parness' books on Amazon.com:
http://www.amazon.com/gp/product/customer-reviews/B000BZEOVA/ref=cm_rev_sort/102-8760602-1918509?customer-reviews.sort_by=byExactRating_1&s=books&x=6&y=9
These are the 1-star reviews. Parness pays people to write 4-5 star reviews so it's not even worth reading those.Some excerpts:I had also bought his tapes after seeing his infomercial. I had to sell them on eBay at fraction of the original cost.
This whole book is intended to get customers signup for his overpriced $5000 junk seminars.
A completely uninformative stock market 101 book that reiterates the same old, stale admonitions about not letting emotions get the best of you, let your profits run, etc.
Those that can't do, write books pretending they can I guess
A horrible book from a bunco artist. Parness is a rip-off, from the tapes he peddles on TV to this poorly written book.
The book is nothing more then fluff, it doesn't tell you how to trade, just gives generalization that you can get from your uncle George on a Sunday afternoon. He is a snake doctor selling the fake medicine.
??? ???
Quote from: Lucas Scott on April 03, 2006, 12:55:40 AM
Quote from: eliteG on April 01, 2006, 07:34:08 PM
Rule The Freakin Markets - not really TA but a must read
G - I am shocked this book would make the list. The author Michael Parness is a pathological liar and scam artist. I skimmed the book at B&N once and was revolted. Parness is no better than Tokyo Joe. Some reviews about Parness' books on Amazon.com:
http://www.amazon.com/gp/product/customer-reviews/B000BZEOVA/ref=cm_rev_sort/102-8760602-1918509?customer-reviews.sort_by=byExactRating_1&s=books&x=6&y=9
These are the 1-star reviews. Parness pays people to write 4-5 star reviews so it's not even worth reading those.
Some excerpts:
I had also bought his tapes after seeing his infomercial. I had to sell them on eBay at fraction of the original cost.
This whole book is intended to get customers signup for his overpriced $5000 junk seminars.
A completely uninformative stock market 101 book that reiterates the same old, stale admonitions about not letting emotions get the best of you, let your profits run, etc.
Those that can't do, write books pretending they can I guess
A horrible book from a bunco artist. Parness is a rip-off, from the tapes he peddles on TV to this poorly written book.
The book is nothing more then fluff, it doesn't tell you how to trade, just gives generalization that you can get from your uncle George on a Sunday afternoon. He is a snake doctor selling the fake medicine.
??? ???
Wow Lucas I absolutley disagree.. this guy is a great trader! Those generalizations.. I take them as fundamentals of trading. His book is a light read and focuses on some things not covered well in other books. But no book is the bible.. you take what you need and let it go(just like a stock)
There is genius in this books simplicity.
I keep it out on the desk.
Hi guys, this is the first time I think that I write something, but I am really really impressed by this website. I really enjoyed to read the interview and hope everybody will have a good trading day tomorrow.
Cheers