Recently Evan Lazarus was interviewed by Tim Bourquin over at Trader Interviews. Below is an excerpt from the interiew, but be sure to click here and read/listen to the rest.
Tim Bourquin – TraderInterviews.com: Hello everybody and welcome back to TraderInterviews.com. Thanks for joining me for another show this week. As usual all of these interviews are about finding some ways to look at the markets or consider in trading the markets that you may not have considered in the past. Our guest today is Evan Lazarus and he’s a trader, we’re going to talk to him about his kind of method and style for approaching the market. So Evan thanks very much for joining me on the phone today.
Evan Lazarus: Thanks for having me Tim.
TraderInterviews.com: All right. So describe yourself as a trader, are you a day trader or a swing trader? How do you kind of classify yourself?
Evan Lazarus: I’m a hybrid. Actually, I get this question a lot. I’m hybrid type of trader. I run primarily day trading, but I do also swing trade as well. Generally, I run a portfolio as well as day trades, so I do both.
TraderInterviews.com: Are you technical, fundamental, how do you get your place?
Evan Lazarus: I’m 150% technical.
TraderInterviews.com: I assumed that right off from the get go, kind of how I’ve talked to you before we started recording and that sort of thing. So, all right, let’s talk about some of these technical things you watch, what kind of things on a garden variety chart of something you’re watching on a daily basis, what are you looking for?
Evan Lazarus: Well, when it comes to day trading, I’m generally focusing on three specific timeframes. My time frames are generally sub 13 minutes. So I generally look at a 5-minute chart, an 8-minute chart, a 13-minute chart, and maybe a 34-minute chart depending on market conditions and speed, and I generally stay away from conventional type of timeframes. Most traders of the technical background generally will look at 5-minute or 15-minute, a 30-minute and a 60-minute, those seems to be the most common looked at timeframes, but I found that by incorporating more Fibonacci type analysis in my trading, again those numbers being part of the Fib sequence, I had a lot great of success with evaluating different prices and timing some of my trades because as a day trader, timing really is everything. It makes a world of difference sometimes between 5 minutes and 20 minutes. So in order to follow the day trades, generally will look at sub 34, sub-13-minute charts. I follow two moving averages in 8 and a 21 EMA. I generally will trade with the trend of a stock, I’m not trying to pick tops or pick bottoms and I’m generally looking to buy pull backs and short rallies depending on whatever the particular scenario is of the current stock. So, I’m generally with the trend, I’m not a counter trend trader. I believe in simplicity, I think at the end of the day, a lot of day traders they can kill themselves because they self-mutilate. They’re constantly looking for reversals. They’re constantly looking for what I consider the hard money. And I think most of my success has been based on my simplicity of stay with the trend. Obviously, when we talk about trends as a day trader I really am focusing on ten days of like a window of ten days and I look at what the stock has done in that ten-day window to determine what the intermediate term trend or the short term trend is versus the longer term trend on the weekly or monthly charts, which really don’t apply so well to what happens today. And I generally look for the most past in the day trading world I look for what I call committed direction. I look for stocks that are committing to the upside or committing to the downside and I can see that very clearly on like time frames when you have a series of higher highs or lower lows and the stock is basically speaking to you about going higher or going lower. And then I look to shorter pull back or buy a dip depending on the scenario. So it’s a very simple process. I don’t make it really harder than it needs to be and I’ll tell you that one thing I’ve learned over my tenure as a trader is that most day traders make this way harder than it needs to be.
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