Trading on Market and Volume Profile
Ben Lee started out in the family business of real estate, but then quickly caught the trading bug and decided to make it his full-time job. In this Trader Talk Podcast interview, I talk with Ben about how he uses market profile and volume profile to spot good opportunities. We discuss how he monitors volume and price to find areas where price may be turning soon. We also talk about how he uses weekly options to write credit spreads for income. A good conversation with a trader about his journey to find success.
Tim Bourquin: All right. Thanks everybody for joining me today. My guest is Ben Lee, and we’re talking about trading. He’s from ThinkTradeThink, also a trader himself. So Ben first of all, my question is always what kind of trader are you? Are you a day trader or a swing trader? What do you like to trade in terms of markets?
Ben Lee: Well, that’s a great question. I actually trade a lot of different markets and it really depends on what particular account I’m utilizing. If it’s my trading account, I’m purely a day trader. You know, I like to be able to sleep at night, and don’t wake up in the morning, I don’t have to check the markets. I also trade the weekly and monthly options in a different account and then for my retirement accounts, I’m long term, you know, very, very risk averse, looking for quality stocks with dividends or debt so.
Tim Bourquin: Right.
Ben Lee: Depending on what particular account I’m in, that’s how I trade.
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Tim Bourquin: Do you recommend to people that they have different accounts like they have a strict day trading account and then maybe a swing trading account?