Ralph Nelson Elliott, an accountant rather than a trader by background, spent the 1930s studying decades of stock market data and concluded that price doesn’t move randomly, it moves in a repeating rhythm of five waves one way followed by three waves back, over and over, at every size from a few hours to several decades. That rhythm is what Elliott Wave theory tries to count, and it’s built directly on the impulse and corrective distinction from the previous article. ...
Part of an ongoing trader interview series — the same set of questions put to different traders, covering background, psychology, strategy, and lessons learned. Originally published on Traders Questions. Grant is featured as part of the trader interview series from Snorm’s trading chat group. He’s noted for a structured approach to trading that facilitates backtesting and comfortable trade execution. A bit about yourself What was your journey that led you into trading? ...
Part of an ongoing trader interview series — the same set of questions put to different traders, covering background, psychology, strategy, and lessons learned. Originally published on Traders Questions. Steve describes himself as a full-time trader with extensive experience coding trading tools. His primary objective involves developing automated systems so he can dedicate more time to leisure: “My number one goal, with trading, is to create a robot to do all the trading for me.” ...