Tracy, aka @ChiGrl spent years in the financial hub of Chicago, and is a technical intraday trader who only focuses on the energy sector. In fact, she is obsessed with crude oil.
In this episode, Tracy reveals how she left LA to go after her dreams of becoming a trader. She also dives into how she ended up at a “hack-shop” brokerage, which is pretty similar to a scene from the trading movie Boiler Room.
Tracy also goes into the impact falling prices have on a macro level, the bear market of oil, and the types of skills that enabled Tracy to survive in this field.
What’s covered in this interview:
- Tracy’s career path: how she started as a sales rep for a medical supplies company in LA to being in Chicago working in a “hack-shop” brokerage, to gaining a reputable job in the industry
- Tracy’s opinion on having newer traders working with a prop firm, particularly those who aren’t very disciplined and don’t have a lot of capital
- A simple reason why oil prices have declined in the past few years and what kind of an impact it has on a macro level, especially with many sectors having debt problems
- When Tracy is most active, especially trading in a market that is open for 23 hours
- When traders can expect less “noise” in the market
- Why fundamentals and understanding politics are important, particularly when trading oil
- Tracy’s pick of useful resources
- What has made Tracy successful as a trader
- A word of warning to those who over trade
- Why it’s beneficial to have multiple accounts
Links and Resources:
- IEA, EIA, IHS – Resources where Tracy finds sources on much of her fundamental information about the oil sector.
- @chigrl – Follow Tracy on Twitter
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