TI 2009-05-18 Simple Trading Strategies with Moving Averages

Knowing when to take your profits is always a difficult decision, even for veteran traders. In this interview, we talk with stock trader Andy Lindloff about a very specific way he decides how much of his profits to take out of a trade, while still leaving room for more upside should his position continue to run. We also discuss how he scans the market in the morning and ways he finds individual stocks to trade that day in hot sectors. Andy also describes the charts he uses and the simple moving average that, when combined with a certain behavior in volume, has provided great trades for him time after time. Finally, I ask Andy to describe his ideal trade - one that he would have to take if he saw this setup. He describes what that setup would look like on a chart and how often it occurs.

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