Head trader of a billion dollar hedge fund, Paul Sabo has been a professional trader for over 20 years. During this time he has worked as a NASDAQ market maker in both New York and San Francisco for some of Wall Street's most prestigious investment banks, commercial banks and brokerage houses. Paul's experience has introduced him to a wide variety of market conditions, perspectives and trading styles. It is this experience - including the work he has done with the Connors Research Group - that has helped Paul Sabo become a successful, low-risk, high probability trader year in and year out.
In his special seminar at TradingMarkets 2008, November 14-16 at the MGM Grand Hotel in Las Vegas, Nevada, Paul will show some of his most winning techniques - including one trading method that has a better than 85% accuracy in predicting reversals. If you trade stocks, E-mini index futures or exchange-traded funds, Paul Sabo is a trader you should get to know.
I spoke with Paul in August about TradingMarkets 2008, and his presentation at the conference. Here's a transcript of our brief conversation.
David Penn: Paul, what do you enjoy most about trading?
Paul Sabo: The challenge. The challenge of reading the markets. Understanding (the markets) is probably the most important thing for me.
Penn: What will you be sharing with traders at TradingMarkets 2008?
Sabo: What I'm going to do is take three or four different Connors Research Group trading strategies. These are some that I may or may not have worked on with Larry and Cesar (Alvarez). I'm going to show you how I use them on a daily basis to get my sense of market direction and to get a feel of the market for the coming
day.
I'll also provide specific examples of how I trade these trading strategies. There will be examples of trading the E-mini S&Ps, different ETFs, different options strategies that we use to actually trade these strategies.
Penn: What does a trader with your experience and success get out of an event like TradingMarkets 2008?
Sabo: For me, it's getting to meet new people. Getting to go over and share with people things that have worked for me is rewarding.
I think the biggest thing for me is that I really enjoy meeting new people, sharing ideas and giving back a little bit. I've had the opportunity to have a lot of people show me a lot of things. To take my experience and help people who don't have that kind of experience and don't have the kind of in-depth knowledge I have of different trading strategies is very rewarding and really interesting for me. I really enjoy the whole aspect of it. I love teaching - I've done that on and off for most of my career. I really enjoy it.
Penn: One thing I've always experienced when I've attended a really good trading conference is that you get a lot of great information in a relatively short period of time. Do you have any advice for traders who will be attending TradingMarkets 2008 on how to avoid feeling overwhelmed by it all?
Sabo: That's one of the reasons why I'm going to cover three or maybe four different strategies. And I'm going to really go over them in depth. I'm also going to give a lot of lattitude so that people can tailor the strategies for themselves, to their own trading style.
It's a great point because people are going to go to (TradingMarkets 2008) and their heads are going to be spinning. I want people to walk away with three or four, tried and true trading strategies that I use every day, that actually work, and that give me a definable edge in the marketplace. I'm going to give a lot of different examples of how each person can use any of these strategies. A person will be able to walk away with that knowledge, and tailor it toward their own trading.
Penn: Thank you very much, Paul. I look forward to seeing you at TradingMarkets 2008.
Sabo: Thank you. You're welcome.
Here's a sampler of Paul Sabo's trading strategies and methods from his contributions to TradingMarkets last spring. Spend some time reading how Paul Sabo trades the markets and then click here to learn more about TradingMarkets 2008, November 14-16 at the MGM Grand Hotel and Casino in Las Vegas, Nevada.
How We Traded the Biggest Market Drop In Years - TradingMarkets
This sequence again proves that when you take emotion out of the picture,and rely on sound statistical research, you stand a better chance of being a profitable trader. From March 9, 2007.
Why the 200-day Moving Average Matters - TradingMarkets
Why is this moving average line on our charts the "line in the sand" in determining whether we are to be buying the market or selling the market? From March 15, 2007.
This Trade Shows Why I Buy Weakness - TradingMarkets
If you have ever read any TradingMarkets research articles, you would know that our mantra is to buy short-term weakness. We look to buy a stock or market after it has exhibited short-term weakness, and then capitalize on the resulting bounce back to its mean, or average price. From February 23, 2007.
