Who is Joe Hentges?
And How Does He Know About This Stuff?
I first got interested in the markets in graduate school. I was getting my MBA with a concentration in finance when one of my professors handed me a book on options.
The book was "Buying Options, Wall Street on a Shoestring" by Rodolakis and Tetrick. It's a little out of date now, but I was hooked.
In the book the authors said that if you are going to trade options you need to chart the underlying stock. One of the books they mentioned was "Technical Analysis of Stock Trends", by Edwards and McGee.
In addition to traditional technical analysis I became interested in the Elliott Wave Principle. I was intrigued. The whole concept made sense to me.
The stock market is a reflection of mass human activity, psychology and emotions playing themselves out in a progression of waves. And the waves ripple up and down over time.
So What Do You Do?
Hint: It's all about the markets
My focus in trading is purely technical. By that I mean that I look to understand the market, stock or ETF by reading the message its chart is telling me rather than listening to analyst predictions or earnings estimates.
It appeals to my analytical side. I have a BS in Civil Engineering and an MBA, both from the University of Illinois in Champaign-Urbana. I find the markets fascinating as the pulse of the world flows through them.
I trade, analyze the markets, work daily with my Insider Membership. My focus is analysis and education. I create videos and blog about what I see in the markets and look for trading opportunities.
So Why Do I Do What I Do?
Markets are both Fascinating and Challenging
My goal is to help people who want to be in the stock market. I look to help you better understand the market and become better traders. And I believe we are all traders at some level.
When it comes to the market, people have many struggles. The markets are a very unforgiving environment.
3 Steps to Successful Trading
1) You need to be able to read the story the chart is telling.
2) Once you Understand what the chart is telling you, you have to decide how you are Going to participate...shares or options, long or short
3) You have to effectively manage the trade. this is where many, many folks struggle.
Step 1 is critical and i consider it to be the foundation.
Steps 2 and 3 are beyond the chart.
There is much more to trading than the bars on the chart.
I help you with all three.