George Angell Keys: Sign markets based on the volatility and liquidity

Traders who have been successful in his career mostly dedicate their knowledge and time to develop the world of trading and investing such as setting up an investment consulting company, being a commentator in various media and business investment, or write a book. We can take the positive benefits of the journey of careers and their view of the world of trading and investing.

George Angell Keys: Sign markets based on the volatility and liquidity

For independent trader George Angell Keys, volatility and market liquidity are two things that are always considered before the opening of trading positions. George Angell is a daily trader who never hold the position until the next day (overnight). Trading activity mainly in the S & P futures. "Volatility and liquidity are two key elements that you should know if you are a day trader. You can not go out without the rules of the market, it certainly will not work. "He said.

             
Early 70s was the first time George Angell interested in trading in commodity markets. "I buy commodities sugar and the price goes up, then I buy the commodity copper, shortly costs also rose, until I buy some lots more. After then the price started to go down, I called the broker to close a position with a sell order, and they asked would be sold to whom? "Said George Angell. "From that moment I realized that I had to learn more and more." He added.
Early 80s George Angell Keys started to go in the center of the trader at the time, Chicago. As a floor trader on the Mid American local Commodity Exchange, the main focus is on gold commodity trading. George Angell is currently trading for himself, as an off-floor trader, and he said that the experience in the on-trading floor truly priceless. "The floor trader oriented in a very short term. That's what taught me how to recognize the trend, entered the market at the right time, take your profit and leave the floor, "said Angell. "But on the floor you can not concentrate well. People talk about their trading positions, it is very crowded. You almost can not think clearly to see the actual market conditions, "he added.
According to George Angell, technological developments in the last decade is very encouraging progress off-floor trader, and of course for floor traders-turned off-floor trader will feel the loss of benefits gained from the floor. "Floor trading creates a 'public trader'. Public trader does not use scalping techniques even though they are accustomed to trading on a daily basis. "Explains the author of the book 'Winning in the Futures Market' and 'Sniper Trading Workbook' that.
In trading, Angell less ignored fundamental analysis and nearly 100% rely on technical analysis. George Angell Keys are the copyright holder trading system LSS and Spyglass he applied in daily trading. "You need a mechanical system that can be applied in trading. Without it you will be difficult to anticipate the market, "said Angell. And also "Every day I trade without reading or hearing the opinions of analysts and experts. The opinions just makes me confused, in fact the market alone to tell where it will move. "He added. Angell also explained that he did not use a stop loss. "The problem stop loss causes us out at the level that we expect the worst. I use 'action point' instead of stop loss. That is if the market price has reached the point, I came out, but I am waiting for a price correction first. "He explained.
From the experience of trading in commodity markets and financial markets, Angell argues "Any type of market has the characteristics of each. You have to know the characteristics of the type of market you tradingkan. On the floor, slow-moving traders will not be trading in the S & P futures. Fellow traders will soon know each other from way trade each, which scalper, which spreader and which are daily traders. "He added that he was also trading in the bond market. "Several large institutional bond trading today. Just as the forex market, no one can 'fry' or manipulate the bond market, "he said. On the forex markets, especially the Euro-dollar, Angell commented "liquidity is very high, but less volatility."
When asked why so many traders fail, Angell said, "First, lack of discipline, both the application of money management that are too aggressive, and the third did not know the characteristics of the market which they traded." What is his advice to the beginner traders? "Apply the risk management with a logical and rational. Do not focus on profit, focuses on market conditions, profit will come by itself. "Said George Angell.
Source: News For The Financial World