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E-Mini Futures – Lessons from Legends
Great experience in the trade can come from many places.
Sometimes we trade ideas while playing golf or watch the ocean waves. But more traditional (and reliable), I think is the best way to learn from other traders – people who have "been there "and" fact. "
So It should be no surprise that my partner is a veteran of Wall Street that has been negotiated and has worked with major marketers for decades.
Christopher Castroviejo is one of those rare individuals who can see a problem from many angles. He can take in competing views at the same time and sacrifice through piles of data to reach a valid conclusion. While this is useful in many areas of life, is easy to see the usefulness of this set of skills in the commercial world.
As I said before in this space, Christopher is an expert in every sense of market the word. Here's a new short introduction for those of you who have not been introduced to my good friend:
Christopher has spent 35 + years and about markets, and their resume and history of Wall Street became something of legend when he played with Smith Barney, JP Morgan, an association of Bear Stearns, consultant financial support for the Vatican Bank to name a few. Christopher was hot and getting hotter. Highlights including turning $ 10,000 into $ 178,000 in four weeks, 8 consecutive years of 43% compounded profits as a top hedge fund manager, an elegant brownstone in Manhattan and a summer refuge in Large tony Hamptons. Christopher even struck up a friendship with his money making idol, billionaire George Soros.
Along with several million dollars wins, there was a huge loss of a few, in just six short weeks, $ 10,000 became a cool million, and quickly nothing but air. And in a monumental transaction gone wrong, Christopher lost $ 15 million dollars in just a few months … $ 1.5 million to their own money. But Unlike the Vegas poker player who can not leave the table, Christopher learned from the mistakes and victories. "We have to reinvent the performance of all time. I used to see the business as almost orchestrating wins, but the rational way to think about it is really about how to control their losses. "
Today Christopher is active intraday and swing trader and continues to manage the money for a select list of Wall Street insider.
Christopher is a master of several transaction aspects of the day and is particularly expert in the implementation of key support level / strength and market profile. We will be covering these issues in depth at the next Professional E-Mini Futures Tactics Workshop, so I thought I ask you to share some thoughts with you and put the finishing touches to this workshop. Here is a interview I did with Christopher this morning!
DR: Christopher, who basically grew up in Wall Street, with a grandfather who was a famous day trader of the Depression. Have you had the opportunity to trade, advise, manage money and learn from some very very names. People like Paul Tudor Jones, Ed Seykota, George Soros and Julian Robertson, to name a few. What important lessons have taken away from their interactions with the legends?
Christopher: You are right that I been fortunate to deal with some amazing people. What has set these guys apart is his mental approach to the markets. Everyone was absolutely dedicated to what were doing. And maybe that's why all the adversity they dominate. Each of them had to live through low draw and fallow periods. But persistence pays off and we all know how they came across difficult periods with massive success.
Another key that I see with these guys is that show various ways make money. Clearly, all marketed in very different ways, however, found significant edges in different instruments, strategies and time frames. Each of them found an advantage that was consistent with what we are as traders. I think this move, what we are doing in the e-minis. Even in the days of trade, there are different styles and time periods. Trend following and counter trend. Short maintains and keeps longer. Merchants who are found that are consistent edges with what they are.
DR: You're the most knowledgeable person I've met when it comes to Market Profile. So he did not hesitate a second when it was suggested that we spend time-to-one with creator Peter Market Profile Steidlmayer. Those were two of the most intense days I've had in a while! You've known Pete for a while – What were main takeaway of our time with him?
Christopher: Yes, Pete is definitely a guy who is always thinking on another level! I thought their most interesting is how the market has experienced a structural change due to high volume, short-term transactions associated with the rise of hedge funds. This has, curiously, did Market Profile more important, not less. And the way these big funds stop signs in the Market Profile – elephants as fingerprints. I thought the meeting was particularly intriguing. I hope to share these experiences in Raleigh.
DR: In the current market environment, what tools and strategies have found particularly useful, especially in the e-mini futures?
Christopher: You and I were looking at some incredible formations that plays double flip beautifully. Combined with the pivots of divergence that we use, they have been particularly noteworthy. Furthermore, gap plays are still working very well, but only in the correct format. And the key numbers are still a great guide to market behavior. And I had to pick one, would double top patterns.
DR: I'm very excited about teaching with you again in Las Vegas for the e-mini futures course.
Christopher: Thank you. Same to you!
About the Author
Learn how pro traders take consistent profits from the e-mini markets. Register online for Emini Futures Trading Tactics 3-day workshop in Las Vegas. Space is limited. Money back guarantee.