Joe Ross is a trading
legend, having made a living from the markets for – hold onto your hats – 58
years. He has been trading and investing since his first trade at the age of
14. Currently, he is a well-known and respected master trader and investor. He
has survived all the ups and downs of the markets because of his adaptable
trading style, using a low-risk approach that produces consistent profits. Joe
is the creator of the famous Ross Hook setup, and has set new standards for
low-risk trading. He has written twelve major books and countless articles and
essays about trading. All his books have become classics, and have been
translated into many different languages. In addition, he runs the website
www.tradingeducators.com, teaching his trading methods and providing resources
for traders. Today, we have the great opportunity of speaking with Joe Ross
about his approach to the markets, insights he has gained from trading, and his
vast experience from trading for more years than almost anybody else on the planet.
TRADERS´: Joe, we
can only guess at the wealth of experience you gained throughout the years. But
first of all, let us begin with how it all started. When did you first hear
about the markets and trading, and how did you get – in a positive sense – “addicted”
to it?
Ross: When I was
14 years old, it was common for mothers to stay at home and fathers to go off
to work at a job or business. However, my best friend’s father was usually at
home during the working day. I assumed he had some sort of medical problem –
that he was a person unable to work. My friend and his family lived quite well
in an upper class neighbourhood, and they owned a new car.
I remember asking, “Is your father disabled? Why is he
always home?”
The answer was, “No. He is fine. He does his work in that
room, the one with the glass doors.”
“Well, what does he do in there?”
“I do not know. Why do you not ask him?”
So I tapped on the
glass door, and asked “What is it that you do in here?”
The answer was, “Well, if you really want to know, come in
and I will show you.”
My friend’s father walked over to a closet to pull out a
roll of paper, which he then unrolled onto a drafting table.
He said, “I work with this chart, and others just like it.”
All I could see were a lot of things that looked like
sticks, and so I asked, “Your job is drawing sticks?”
“No, those represent stocks, not sticks.”
“What is a stock? Does a stock look like a stick?”
He began to describe what stocks were, and to tell me that
the sticks represented the prices of a company’s shares of stock. I was
fascinated that he could make money from what turned out to be a simple bar
chart.
At that time, both of my parents worked. My parents had to
suffer through the daily rush-hour traffic, which was quite heavy. However, my
friend’s father was leading a much more leisurely life, and I decided right
then that I would learn how to trade stocks…
To read the complete
interview, please visit:
Courtesy: TRADERS’ magazine, October/November 2015, pages 104
– 105
PS: www.tallinex.com wants you to make money
from the markets.
What Super Traders Don’t Want You To Know: Super Traders
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