Trading on Intuition and Price Levels
Michael Patak started his trading career in the pits trading Mini Dow Futures and now trades crude oil futures. Michael is an intuitive trader who says that while 40% of his trading decisions are based on technical levels of previous highs and lows, 60% is based on gut feel and his read of supply and demand. In this interview we hear how he makes his trading decisions using those levels and intuition and how his view of trading as a "battle between buyers and sellers" helps him find profitable trades.
34 minutes in length, this insightful interview will be delivered as an MP3 file.