Are there any market advisors that you pay attention to?
Marty Zweig and Ned Davis are great; Bob Prechter is the champion. Prechter is the best because he is the
ultimate market opportunist.
What do you mean by opportunist?
The reason he has been so successful is that the Elliott Wave theory allows one to create incredibly favorable
risk/reward opportunities. That is the same reason I attribute a lot of my own success to the Elliott Wave approach.
Any advisor you consider underrated?
I think Ned Davis does the best research on the stock market that I have seen. Although he is well known, I
don't think he has received the recognition he deserves.
Any analysts you consider overrated?
Judge not, least you be judged.
Very few traders have reached your level of achievement. What makes you different?
I think one of my strengths is that I view anything that has happened up to the present point in time as
history. I really don't care about the mistake I made three seconds ago in the market. What I care about is what I am
going to do from the next moment on. I try to avoid any emotional attachment to a market. I avoid letting my trading
opinions be influenced by comments I may have made on the record about a market.
No loyalty to positions is obviously an important element in your trading.
It is important because it gives you a wide open intellectual horizon to figure out what is really happening. It
allows you to come in with a completely clean slate in choosing the correct forecast for that particular market.
Has the tremendous growth of the money you are managing made it more difficult to trade at the
same level of profitability?
It has made it tremendously more difficult.
Do you think you could make a substantially higher percentage return if you were trading smaller
amounts of money?
Without question.
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