The 4 Patterns Eddie Z Uses to Trade Stocks, Ep #60

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Eddie Z’s dad was a floor trader at the New York Mercantile Exchange. Ever since Eddie was 7 years old, his Dad would take him to the trading floor. He loved seeing the men yelling and screaming. Any of the rules about “language” at home didn’t apply on the floor. 

When Eddie graduated high school, he got a job as a clerk on the floor. The first thing he was assigned to do was to track charts with pencil and paper. The pit trader he worked for taught Eddie how to draw point and figure charts using graph paper. He explained if he could learn to spot patterns, it becomes easy to predict what happens next. Eddie knew that’s what he wanted to do. 

After working there every summer and during breaks throughout college, he ended up working at Gruntal & Co as a stockbroker for 17 years. What does he trade? What are his strategies? Find out in this episode of How To Trade It!

You’ll want to hear this episode if you are interested in...

• [1:13] How Eddie Z got started trading
• [3:39] Looking for patterns in the data
• [6:48] Computerized charting
• [9:55] What success looked like on the floor
• [16:15] What Eddie is trading right now
• [20:53] Eddie’s trading strategies
• [26:51] Don’t build head trash
• [28:24] More about EZBreakouts

Resources & People Mentioned

• FREE PDF of Eddie’s $80 book: What it Takes: The Secrets of Becoming a Successful Trader
• How to Make Money in Stocks by William O’Neill

Connect with Eddie Z

• Connect on LinkedIn
• Watch on YouTube
• EZBreakouts

Connect With Casey Stubbs

• Website: https://caseystubbs.com
• YouTube: https://www.youtube.com/TradingStrategyGuides
• YouTube: https://www.youtube.com/caseystubbs
• Twitter:  https://www.twitter.com/caseystubbs
• Facebook: https://www.facebook.com/TradingStrategyGuides
• LinkedIn: https://linkedin.com/in/caseystubbs

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.