I first learned about Dave Floyd’s research service through RealVision. I attended his first Trader’s Roundtable conference in 2017, and have since been the beneficiary of his award-winning work through his Stock Alerts platform. Humble, and with a pedagogical style, Floyd is an expert at Elliott Wave Analysis, which uses fibonacci tools as a fundamental component of its technical approach.
While more of a swing trader than a day trader, Floyd is nevertheless very precise with his trading entries and exits, his timely alerts (via text and email), and his targets and stop-losses. While other trading approaches take a more thematic approach to market positions and operate with a wider margin of error, Floyd is extremely tactical in his recommendations and the frequency of his communications. There is a big difference between being a great technical analyst and a great trader. Dave Floyd is both.
Floyd is very accessible. He offers a Slack channel and an “Ask Dave” video platform that allow subscribers to connect with him directly. It is worth mentioning that Floyd publishes his track record online and has won several prominent awards for his annual returns. When a trader publishes “returns” of 10% in any given year, this return percentage is not an accurate reflection of actual gains and losses, which are considerably higher using the leverage of options, futures, and Forex. As an example, a $3400 gold futures contract (100 ozs) bought when gold was trading at $1300, would yield a 91% return on just a 5% nominal gain in the gold price.
I attended the original Trader’s Roundtable at Brasada Ranch in Oregon in 2017. What makes the conference unique is the intimacy of the setting and the prominence of the speakers. With a limit on attendees and unfettered access to the speakers in both formal and informal settings, the dinners and extracurricular events were as rewarding as the presentations. Several of the attendees were prominent hedge fund managers and/or traders in their own right, and I remain friends to this day with many of those who attended.
A native of Massachusetts (like me!), Dave earned a BS in Economics from Northeastern University in Boston before joining the fixed income & FX desk of Standard Chartered Bank. The following year, his focus shifted to equities, and he spent the next eight years trading on a proprietary equities desk. In 2002, Dave started his own niche FX firm and planted the seeds for Aspen Trading Group. Since then, Aspen has grown from a pure prop trading firm into a provider of expert FX research and analytics to both institutional and retail clients worldwide.
Dave is a regular contributor to RealVision, Bloomberg, CNBC, Active Trader & Futures magazine. Dave’s vision helped Aspen rank in the Top 10 for Currency Managers for Net Return in 2015 tracked by Barclayhedge. In 2010, the company was nominated for Technical Analyst of The Year. To remain at the top of his game, in 2011 he was accepted to and entered the Executive MBA program at Oxford University in Oxford, England. Through the opportunity, Dave rigorously tested some of the best known financial models to see how they stack up in the real world of finance and trading. In his free time, he enjoys golf, mountain biking, futsal, skate skiing, reading, and good wine.
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Paperback: 128 pages
Author: Shelley Allen, M.A.Ed.
Publisher: Fibonacci Inc.; 1st edition (2019)