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Jay Norris |
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Objective
I have a definite passion for trading and analyzing markets that goes back to my first week as a runner on the floor of the Chicago Board of Trade, when the head-clerk told me 10 cents in soybeans equals $500. Over the years I've studied many trading methodologies and have finally settled on a trading philosophy/methodology that applies Chaos Theory to trading. I work with clients who have all different sizes of accounts and believe in treating all my clients with the same level of professionalism regardless of their account size. My job is to capitalize on client ideas, while keeping focus on the objective of limiting risk.
Background
I have been in the commodities industry over 25 years having worked for several institutional firms on the floor of the Chicago Board of Trade, including Bear Stearns, Dean Witter, and Daiwa Securities. I was a Senior
Credit Market Analyst with Optima Investment Research before moving to the brokerage side of the business. I have been a Senior Market Strategist for 6 years, directly assisting my clients with their selection of markets to trade, and overall trading strategies.
Market Focus I cover all commodities markets as I believe that despite the differences in individual markets there is a relationship between the different market sectors. I tend to favor the financials and precious metals, and also believe that interest rates are important because they are so influential in relation to the rest of the markets.
Trading Strategies
Trading Strategies: I use a behavioral trading methodology that is outlined in the book "Trading Chaos" by Bill Williams. I have a thorough understanding of the market fundamentals, or macro overview, and use non- linear technical indicators to time the entrance and exits of particular trades. I also follow options strategies that apply spreads to take advantage of directional movement. I hold a deep respect for Fibonnacci numbers and retracements, MarketProfile, and Pivot Points. I would also recommend the book "A Complete Guide to Technical Trading Tactics," by John Person.
Risk / Money Management View
I lean toward the conservative side, feeling an individual commodity account should stay below 50% of margin. I always encourage the use of stops and strive for complete discipline in trade selection and stop management.
Technical and/or Fundamental Focus
I appreciate an in-depth fundamental knowledge of the economy and markets, and a precise technical trading method that tells you when and where to buy or sell, and where to place the stop. I like to keep trading defined; very black and white, believing there is no room for emotions. I've found much trading success in the holistic trading methodology spelled out in the book "Trading Chaos."
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