Allan Harris came up with his current trading system while on a family road trip across the country. His nearly hands-off system looks at insider buying and capitalizes on moves the stock makes when the news of the transactions is released to the public. Originally a lawyer, he decided he'd had enough of the profession and decided to be a full-time trader. He blogs about his trading at: AllAllan.blogspot.com. A fascinating look into one successful trader's tactics.
As most of you know by now, Insider-Buys are only one small part of my trading, but as I explain in the interview, they are a good example of a causal connection that results in a tradable pop in the underlying security. A handful of tradable pops a day keeps the suits and ties in the closet while we make a living in the great casino that is Wall Street. Books? TV Shows? Charitable Trusts? Phony Bravado?
"We don't need no stinkin' badges."