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.

For the past hour, I’ve been listening to mp3 interviews with traders from traderinterviews.com. So far, they are really enjoyable! I especially liked the one from Teresa Appleton. She talks about how no one ever seems to sit down and figure out how much money they need to make every day to comfortably trade for a living. I was so glad to hear that, because that’s one of the first things I did, when I started seriously considering it. I still have the spreadsheet, where I totalled up my monthly expenses, and figured in taxes, and the number of trading days, etc.

You can subscribe to their interviews as a podcast, which is cool, because right now iTunes is downloading the whole set for me, so I can listen to them from wherever on my iPod. Interviews with traders are often a lot more educational than books on technical analysis, once you know the basics. Interviews help you absorb some of the wisdom people have picked up from years of watching the markets. Very cool.

Don’t forget there’s a bunch of great textual interviews at the StockTickr interview series as well!