David
David Patrick has traded bond futures,spreads,equities and options for over 20 years. He graduated from The Ohio State University with a degree in Finance, in 1995. He started his business career as a Trust Tax Accountant for National City Bank. He became an Investment Advisor at Olde Discount Stockbrokers in 1998. Five years later he became a top trader for Elite Trading LLC. At this hedge fund, David led a team of traders specializing in bond future spreads to an impeccable track record. In 2008 he branched out on his own and became a very successful Independent Trader. On January 25th, 2013 he successfully launched Fitzstock Charts Premium Service. This elite trading service has helped traders around the world learn his proprietary trading methodology.
David…great work…GREAT EXPLANATIONS.
A picture is worth a thousand words…and you share THOUSANDS of words and explanations. Thank you!
Pat,
thanks for the kind words
Good chart. This “simple” chart epitomizes the KISS post from earlier. Thx – helpful. I am biased to a bounce in AAPL now to downtrend line, but can trade within that view.
I love the simplicity and depth combination.
HI David,
I m new here,
May I know how to identify the right moment to book 3/4 profit?
cause I always hope the price would go higher..
thnx, JD
Jim,
i will be spending more time with subscribers on individual trading goals and methodology after Feb 2 launch.
see you soon
David
Hi,
Just real basic here. You use the runner to see if there is any more money on the table (in the trade) but your stop is the same as your entry point so you dont lose any money but have the chance to make a great deal more and can go on to the next trade. Makes sense($) to me. Thanks for your insight and time to share it.
So used to you being Fitzstock or CWUS Prez feels weird that you are “David ” ! Haha but still the same master of charts!
you got it, John..
see ya soon at Fitzstock Charts Premium Service
lol…..thnx for the comment
On CWUS you mentioned to buy the dip on financials and selective tech, but now you are in cash? Please explain as this seems contradictory?
Thanks,
B
PS: trying to learn how you see things! 🙂
Brian,
thnx for the comment.
my methodology waits for confirmed strength, rather than “guessing” the bottom(or how far we retrace)
good luck, see you soon
Hi Fitz, always enjoyed your comments on the StockTwits. So happy that you have a site now. I actually have one question for you: When you buy options, what kind option you buy? I mean far far from the money and how far the expiration? Thanks!
Ellen,
On average I buy ITM (about 3%)……I will go over that with subscribers after Feb 2nd launch.
thnx
Fitz, thanks for the reply. How much you charge for the subscription?
Ellen,
thnx for the comments.
i will be posting all details within a week, of Fitzstock Charts Premium Service(which launches Feb 2)
David