Cool Interview with Avery Horton

Here’s an interesting interview with Avery “TheRumpledOne” Horton. I didn’t know anything about him before this. His approach is different than most traders I know. He seems to understand that consistent small wins add up, which was the foundation of my stock trading style. I mean, check out the quotes below about exits and daily profits… it sounds just like something I would say. So, obviously I think he’s a frickin’ genius (although the first quote below makes him sound a little nutty, it makes more sense in the context of the rest of the interview).

TG would say: Go listen to it now. Because I said so!

Some quotes:

put [the chart] on the wall, walk back six feet, take a dart, throw it at the chart. Walk up to the chart with a level, and draw a horizontal line where the dart hit the chart. It’s real simple: if the price comes up to the line, go long. If the price goes down to the line, go short

all the books and people say “don’t trade the open,” but that’s where the easy money is

you could put up a 1-min chart, a daily chart, a 15-min chart… doesn’t really matter what time frame, because I’m at price levels

… there’s probably been about 5 or 6 trades [today] off of AAPL. I mean if you’re trading a thousand shares, and if you just take a dime each time, that’s five or six hundred dollars a day.

See, that’s the funny thing: most people are always asking me about exits and stops and things like that. As far as the exits, it’s like if the price stalls, you get out of the trade. Sometimes you get a little, sometimes you get a lot. It’s just that simple, there’s no reason to take a chance.