Why Time of Day? Timing is crucial in trading. Even strong stocks can lead to losses if bought or sold at the wrong time. Patience is also key to success. That’s why Time is the first component of the DTI Method. We teach traders to identify the best intraday trading times and recognize market trends for a solid long-term strategy.
Why Key Numbers? Key Numbers like Opens, Pivots, Support, and Resistance help traders predict market direction. While many recognize daily support and resistance levels, historical levels also play a key role. Over 40 years, Tom Busby identified crucial historical levels, which DTI calls “historical” key numbers.
I use those two insights to trade every day. I’m an early bird and like to watch the pre-market, especially the DAX. By the time the US market opens I have decided on my key pivot, support, and resistance numbers.
These are key components of my daily newsletter and an important part of my daily trading.
Complimentary to the newsletter would be my FREE telegram channel where I post a video each trading day before the market open that last about 2 minutes covering the overnight markets and any important items for the day.
So what made me the trader I am today?
Black Monday and My Journey to Becoming a Trader
On October 19, 1987, my life changed overnight. That morning, I felt financially secure—I had a great job, a beautiful home, and a bright future ahead. By nightfall, I was broke.
The Dow Jones Industrial Average plunged over 500 points, erasing 22% of its value, and a trillion dollars vanished from the markets in a single day. The shockwaves weren't limited to the U.S.; markets around the world, from London to Asia, also crumbled.
Theories about the crash abounded—program trading, soaring debt, high bond yields, market overvaluation—but none of that mattered to me. I had lost everything: my wealth, confidence, and trust in my trading abilities. Still, quitting was not an option. With a wife and two children depending on me, I had no choice but to push forward.
Pushing forward ended up being the best decision I ever made, but before i get to the end of the story, let me go back a little further.
My trading journey began in 1978 while stationed in Spain with the U.S. Air Force. A fellow officer introduced me to the world of trading by investing in pork bellies, and I was intrigued. I opened my first brokerage account, not even knowing the difference between commodities and stocks. My initial investments in Pan Am and Eastern Airlines eventually went bankrupt, but I wasn’t deterred—I was hooked on trading and kept learning.
After returning to the U.S. and enrolling in law school, I traded as a hobby. I applied a simple “Bigger Fool Theory”—buy high, sell higher—and it worked. My success caught the attention of a brokerage firm, and they offered me a position while allowing me to complete law school. That decision changed my life; I officially entered the world of professional trading.
The Rise and Fall Before the Crash
I excelled in options trading, becoming one of the top retail options traders in the country. Just before the crash, I had helped a client earn over a million dollars in a single month, and I thought I had the markets mastered.
Then, Black Monday happened.
I was holding two opposing positions—long 1,000 S&P 100 puts and short 1,000 puts. On October 15, my long positions expired, leaving me exposed. When the market crashed, my short puts became a massive liability. I was forced to buy them at preset prices, suffering catastrophic losses. I lost everything, both financially and mentally.
Rebuilding After the Crash
Post-crash, the financial industry was in chaos. I struggled to regain my footing, questioning my abilities and career choices. I moved to Mobile, Alabama, took a job at E.F. Hutton, and sought new opportunities. Despite years of effort, I faced loss after loss from 1987 to 1992. I realized that trading was as much a psychological game as it was a technical one. Stress and fear clouded my judgment.
A Life-Changing Moment
In 1992, a sermon by Pastor George Mathison changed everything. His message was about forgiveness—letting go of past burdens and moving forward. For years, I had carried the weight of my failures, reliving my mistakes daily. That day, I decided to forgive myself and start fresh. I began analyzing trades objectively, rather than emotionally.
A New Trading Philosophy
My focus shifted from chasing profits to managing risk. I realized that futures trading, though risky, offered the flexibility to profit in both rising and falling markets. I developed a systematic approach, minimizing risk while maximizing gains. Instead of holding large positions long-term, I became a day trader, entering and exiting trades quickly.
In 1996, I founded the Diversified Trading Institute (DTI) in Mobile, Alabama, to teach others the art of trading. My goal was simple: help traders avoid the mistakes I made and trade profitably. I emphasize that there’s no single perfect trading strategy—the key is to find a tested system that fits one’s style.
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